Phillips 66 Q2 FY26 earnings swing to USD 3.85 billion; adjusted EBITDA climbs to USD 5.89 billion
Reuters2026/08/05 11:04- Phillips 66 posted GAAP earnings of USD 3.85 billion, swinging from USD 207 million in the prior quarter.
- GAAP diluted EPS rose to USD 9.55 from USD 0.51 in 1Q 2026.
- Non-GAAP adjusted earnings were USD 3.79 billion; non-GAAP adjusted EBITDA climbed to USD 5.89 billion from USD 1.23 billion.
- Cash flow from operations swung to USD 7.26 billion from USD (2.26) billion; debt fell to USD 20.57 billion from USD 27.12 billion.
- Mark Lashier said results reflected operational strength; Dos Picos II reached full production, Zeus Gas Plant and Coastal Bend fractionator were sanctioned.
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