Phillips 66 down after bigger-than-expected Q1 loss
ReutersApr 25, 2025 12:26 PM
Shares of U.S. refiner Phillips 66 PSX.N down 2.6% at $102.99 premarket
Co reports bigger-than-expected loss in Q1, hurt by lower refining margins
Q1 adj. loss was 90 cents/shr vs estimate of a loss of 72 cents/shr - data compiled by LSEG
Q1 refining margins fell 38% to $6.81/bbl and turnaround expenses rose over twofold to $270 mln
As of last close, PSX down 8.5% YTD
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