Phillips 66 Reports Strong Q4 Earnings

Energy company beats Wall Street expectations with $2.91 billion in net income.

Feb. 4, 2026 at 6:31am

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Phillips 66, the Houston-based energy company, reported fourth-quarter net income of $2.91 billion, or $7.17 per share. The results exceeded Wall Street expectations, with adjusted earnings of $2.47 per share compared to the average analyst estimate of $2.11 per share.

Why it matters

Phillips 66's strong quarterly performance reflects the company's ability to navigate volatile energy markets and generate robust financial results. As a major player in the refining and petrochemicals industry, the company's earnings are closely watched by investors and analysts as an indicator of broader industry trends.

The details

The company's fourth-quarter net income of $2.91 billion, or $7.17 per share, was higher than the average estimate of seven analysts surveyed by Zacks Investment Research, who had expected earnings of $2.11 per share. Phillips 66 said its adjusted earnings, which exclude non-recurring gains, were $2.47 per share.

  • Phillips 66 reported its fourth-quarter earnings on Wednesday, February 4, 2026.

The players

Phillips 66

An energy company that operates in the refining, midstream, and chemicals sectors, headquartered in Houston, Texas.

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The takeaway

Phillips 66's strong fourth-quarter earnings demonstrate the company's ability to navigate the challenges of the energy industry and generate robust financial results, which is likely to be viewed positively by investors and analysts.