Phillips 66 (NYSE:PSX) reported its Q1 earnings results on Wednesday, May 3, 2023 at 07:00 AM.
Here’s what investors need to know about the announcement.
Earnings
Phillips 66 beat estimated earnings by 18.26%, reporting an EPS of $4.21 versus an estimate of $3.56.
Revenue was down $1.63 billion from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.35 which was followed by a 2.27% drop in the share price the next day.
Here’s a look at Phillips 66’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 4.35 | 4.91 | 5.78 | 1.22 |
| EPS Actual | 4 | 6.46 | 6.77 | 1.32 |
| Revenue Estimate | 39.12B | 39.47B | 43.21B | 36.61B |
| Revenue Actual | 40.91B | 48.76B | 49.31B | 36.72B |
To track all earnings releases for Phillips 66 visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
