07:49 AM EDT, 04/26/2024 (MT Newswires) -- Phillips 66 (PSX) reported Q1 adjusted earnings Friday of $1.90 per share, down from $4.21 a year earlier.

Analysts polled by Capital IQ expected $2.25.

Operating cash flow generated during the quarter ended March 31 was $1.21 billion.

Shares of the company were down 5.6% in recent Friday premarket activity.

Price: 148.51, Change: -8.73, Percent Change: -5.55