Phillips 66 (PSX) Free Cash Flow (2011 - 2026)
Phillips 66's (PSX) quarterly Free Cash Flow came in at -$2.8 billion in Q1 2026, down 1105.93% YoY from $282.9 million in Q1 2025, and down 237.49% on a QoQ basis from $2.1 billion in Q4 2025.
Phillips 66 (PSX) Free Cash Flow (2011 - 2026) Analysis & Trends
Phillips 66 (PSX) has 16 years of Free Cash Flow data on file, last reported at -$2.8 billion in Q1 2026.
- Quarterly Free Cash Flow fell 1105.93% year-over-year to -$2.8 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $119.0 million (down 95.98% YoY) and the FY2025 annual result came in at $2.7 billion, up 17.02% from the prior year.
- Free Cash Flow eased to -$2.8 billion in Q1 2026, from $2.1 billion in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $4.3 billion in Q4 2022 to a low of -$2.8 billion in Q1 2026.
- A 5-year average of $942.0 million and a median of $774.0 million in 2024 frame the typical range for Free Cash Flow.
- Annual changes were most pronounced in 2022 — Free Cash Flow surged 1376.67% — and 2026, when it slumped 1105.93%.
- Tracing PSX's Free Cash Flow over 5 years: stood at $4.3 billion in 2022, then plunged by 64.17% to $1.6 billion in 2023, then slumped by 55.53% to $692.0 million in 2024, then surged by 199.13% to $2.1 billion in 2025, then sank by 237.49% to -$2.8 billion in 2026.
- The last three Free Cash Flow figures came in at -$2.8 billion (Q1 2026), $2.1 billion (Q4 2025), and $637.0 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 96.34 Bn | 88.58 Bn | 9.27 Bn | 9.14 Bn |
| 2 | Valero Energy | 95.08 Bn | 87.20 Bn | 5.47 Bn | 5.45 Bn |
| 3 | Phillips 66 | 89.39 Bn | 85.29 Bn | 8.38 Bn | 6.53 Bn |
| 4 | HF Sinclair | 15.58 Bn | 13.32 Bn | 1.57 Bn | 1.39 Bn |
| 5 | Sunoco | 10.14 Bn | 9.37 Bn | 1.46 Bn | 928.00 Mn |
| 6 | PBF Energy | 8.20 Bn | 7.31 Bn | 1.15 Bn | 1.46 Bn |
| 7 | Cosan | 6.59 Bn | 1.48 Bn | 552.94 Mn | -2.64 Bn |
| 8 | Ultrapar Holdings | 6.37 Bn | 4.65 Bn | 603.08 Mn | 279.50 Mn |
| 9 | Icahn Enterprises | 5.03 Bn | 3.06 Bn | 198.00 Mn | 36.00 Mn |
| 10 | Delek US Holdings | 3.92 Bn | 3.30 Bn | 365.10 Mn | 89.10 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 6.53 Bn |
| Jun 30, 2026 | 6.53 Bn |
| Mar 31, 2026 | -2.85 Bn |
| Mar 31, 2026 | -2.85 Bn |
| Dec 31, 2025 | 2.07 Bn |
| Dec 31, 2025 | 2.07 Bn |
| Sep 30, 2025 | 637.00 Mn |
| Sep 30, 2025 | 637.00 Mn |
| Jun 30, 2025 | 258.00 Mn |
| Jun 30, 2025 | 258.00 Mn |
| Mar 31, 2025 | -236.00 Mn |
| Mar 31, 2025 | -236.00 Mn |
| Dec 31, 2024 | 692.00 Mn |
| Dec 31, 2024 | 692.00 Mn |
| Sep 30, 2024 | 774.00 Mn |
| Sep 30, 2024 | 774.00 Mn |
| Jun 30, 2024 | 1.73 Bn |
| Jun 30, 2024 | 1.73 Bn |
| Mar 31, 2024 | -864.00 Mn |
| Mar 31, 2024 | -864.00 Mn |