Phillips 66 (PSX) Q1 2026 (USD): Adj. EPS 0.49 (exp. -0.53), Revenue -- (exp. 36.16bln), Adj. EBITDA 1.26bln (prev. 2.53bln Y/Y); Increased the annualised quarterly dividend by 7%

Phillips 66 reported adjusted EPS of 0.49, significantly beating expectations of -0.53, while revenue was shy of estimates despite a robust previous year.

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Etsy Inc. (ETSY) Q1 2026 (USD): EPS 0.60 (exp. 0.62), Adj. EBITDA 185mln, Net income 105mln, Revenue 631mln (exp. 621mln), GMS 2.5bln

China's gaming grants licenses for 147 domestic online games

Phillips 66 (PSX) Q1 2026 (USD): Adj. EPS 0.49 (exp. -0.53), Revenue -- (exp. 36.16bln), Adj. EBITDA 1.26bln (prev. 2.53bln Y/Y); Increased the annualised quarterly dividend by 7%

Automatic Data Processing (ADP) Q1 2026 (USD): Adj. EPS 3.37 (exp. 3.29), Revenue 5.9bln (exp. 5.85bln), Adj. EBIT 1.8bln (exp. 1.74bln)

A Heineken (HEIA NA) subsidiary is reportedly threatening Asahi's bid to acquire Diageo (DGE LN) breweries in Kenya, Semafor reports

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  • CEO: "We are confident in our ability to navigate market volatility due to our integrated business and the strength of our balance sheet. Backed by disciplined execution and strong operating performance, we remain well positioned to provide energy to the global market".
  • Formally increased Sweeny NGL fractionation capacity and Freeport LPG export dock capacity by 23% and 15%, respectively, reflecting 2025 debottlenecking.
Context

The increase in quarterly dividends signals confidence in their operational resilience, which is crucial in the current volatile energy market. Their capacity expansions further underscore a strategic focus on growth, positioning them well amidst ongoing market challenges.

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