Oct 29 (Reuters) - Refiner Phillips 66 beat Wall

Street estimates for third-quarter profit on Wednesday, helped

by strong refining margins.

Margins for top U.S. refiners are recovering after last

year's slump, when profits had eased off post-pandemic highs and

supply disruptions from Russia's invasion of Ukraine in 2022.

The rebound helped companies such as Valero Energy ( VLO ) also

beat Wall Street expectations last week.

Quarterly U.S. refinery margins on an

average jumped about 25% from multi-year lows.

Phillips 66's realized margin rose to $12.15 per barrel in

the quarter, compared with $8.31 per barrel a year earlier.

The company's refining segment reported adjusted earnings of

$430 million, compared with a loss of $67 million a year

earlier.

It reported an adjusted profit of $2.52 per share for the

three months ended September 30, compared with analysts' average

estimate of $2.17 per share, according to data compiled by LSEG.

(Reporting by Tanay Dhumal in Bengaluru; Editing by Devika

Syamnath)