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Phillips 66: Q1 Earnings Insights

  Phillips 66 (NYSE:PSX) reported its Q1 earnings results on Friday, April 29, 2022 at 07:00 AM. Here's what investors need to know about the announcement.

Benzinga · 04/29/2022 08:17

 

Phillips 66 (NYSE:PSX) reported its Q1 earnings results on Friday, April 29, 2022 at 07:00 AM.

Here's what investors need to know about the announcement.

Earnings

Phillips 66 beat estimated earnings by 8.2%, reporting an EPS of $1.32 versus an estimate of $1.22.

Revenue was up $14.79 billion from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $1.07 which was followed by a 1.83% drop in the share price the next day.

Here's a look at Phillips 66's past performance:

 

Quarter Q4 2021 Q3 2021 Q2 2021 Q1 2021
EPS Estimate 1.87 1.94 0.86 -1.40
EPS Actual 2.94 3.18 0.74 -1.16
Revenue Estimate 29.01B 27.08B 22.88B 18.57B
Revenue Actual 33.57B 31.47B 27.89B 21.93B

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.