Phillips 66 (PSX) Earnings Report, Financial Results, Financial analysis

Phillips 66 reported in the first quarter of 2023 net earnings per share of $4.20 an increase by 45.56 % year on year from $2.89 and an improvement of 7.67 % from $3.90 realized in IV. Quarter (Dec 31 2022).

*first quarter of 2023*
Earnings Per Share	Revenues
$ 4.2	$ 34,396 Mill
$+1.31 +45.56 %	$+1,792M +5.5 %

Phillips 66's Revenue rose by 5.5 % in first quarter of 2023 (Mar 31 2023) year on year, to $34,396 million and declined by -25.57 % sequentially.

Phillips 66 is Expected to report next financial results on July 28, 2023.

More on PSX's Income Statement

PSX's NET INCOME

Phillips 66's net income of $2,077.000 million in the first quarter of 2023 increased by 51.5 % from net earnings of $1,371.000 million achieved in IV. Quarter a year ago.

Sequentially net earnings fell by -4.77 % from net income of $2,181.000 million realized in previous quarter.

More on PSX's Growth

Phillips 66 Inventories
Inventories grew by 60.43 % to $5,445 million from IV. Quarter a year ago, sequentially inventories rose by 66.21 %. PSX's Cash flow In thefirst quarter of 2023 company's net cash flow was $832 million

Earnings quality

Phillips 66 payed out dividend of $2.97 per share in last 52 weeks representing 11.52 % of net earning per share in trailing twelve-month period.

During the same period Phillips 66 earned $ 12.84 cash per share, on a free-cash flow basis 49.77 % of net earning per share.

Book value grew by 3.85 % sequentially to $74.76 per share, 99.72% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 69.88 per share from $ 67.10.

Company repurchased 6.71 million shares or 1.42 % in Mar 31 2023.
Interest Coverage Ratio was 26.52. Debt Coverage Ratio was 1.06.

• More on PSX's Dividends

Market Capitalization (Millions)	46,727
Shares Outstanding (Millions)	467
Total Debt (Millions $)	18,485
Revenue (TTM) (Millions $)	174,143
Net Income (TTM) (Millions $)	12,980
Cash Flow (TTM) (Millions $)	3,185
Capital Exp. (TTM) (Millions $)	0
Dividend TTM ($)	2.97 $
Dividend Yield TTM (%)	4.16 %
Employees (TTM) $	14,000

Earnings quality

Phillips 66 payed out dividend of $2.97 per share in the last 52 weeks representing 11.52 % of net earning per share in trailing twelve-month period.

During the same period Phillips 66 had $ 12.84 cash flow per share, on a free-cash flow basis 49.77 % of net earning per share.

Book value grew by 3.85 % sequentially to $74.76 per share, 99.72% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 69.88 per share from $ 67.10.

Company repurchased 6.71 million shares or 1.42 % in Mar 31 2023.
Interest Coverage Ratio was 26.52. Debt Coverage Ratio was 1.06.

• More on PSX's Balance Sheets

Market Capitalization (Millions)	46,727
Shares Outstanding (Millions)	467
Total Debt (Millions $)	18,485
Revenue (TTM) (Millions $)	174,143
Net Income (TTM) (Millions $)	12,980
Cash Flow (TTM) (Millions $)	3,185
Capital Exp. (TTM) (Millions $)	0
Dividend TTM ($)	2.97 $
Dividend Yield TTM (%)	4.16 %
Employees (TTM) $	14,000

Phillips 66

PSX's Financial Statements and Analysis