PSX - Phillips 66 Non-GAAP EPS of $4.00 misses by $0.35
- Phillips 66 press release ( NYSE: PSX ): Q4 Non-GAAP EPS of $4.00 misses by $0.35 .
- Generated $4.8 billion of operating cash flow
- Authorized $5 billion increase to the share repurchase program
- Approved $2 billion 2023 capital program
- Phillips 66 generated $4.8 billion in cash from operations in the fourth quarter of 2022. Excluding working capital impacts, operating cash flow was $2.7 billion.
- As of Dec. 31, 2022, the company had $12.8 billion of liquidity, reflecting $6.1 billion of cash and cash equivalents and committed capacity available of approximately $5.0 billion under Phillips 66’s revolving credit facility and approximately $1.7 billion under DCP Midstream, LP’s revolving credit and accounts receivable facilities.
- The company’s consolidated debt-to-capital ratio was 34% and its net debt-to-capital ratio was 24%.
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Phillips 66 Non-GAAP EPS of $4.00 misses by $0.35