Phillips 66 (PSX) Q4 2024 Earnings Call Transcript
Phillips 66. (NYSE:PSX ) Q4 2024 Earnings Conference Call January 31, 2025 12:00 PM ET Company Participants Jeff Dietert - VP, IR Mark Lashier - Chairman & CEO Kevin Mitchell - CFO Don Baldridge - EVP, Midstream and Chemicals Rich Harbison - EVP, Refining Brian Mandell - EVP, Marketing and Commercial Conference Call Participants Neil Mehta - Goldman Sachs Doug Leggate - Wolfe Research Theresa Chen - Barclays Manav Gupta - UBS Jean Ann Salisbury - Bank of America Roger Read - Wells Fargo John Royall - JPMorgan Jason Gabelman - TD Cowen Matthew Blair - Tudor, Pickering, Holt Paul Cheng - Scotiabank Ryan Todd - Piper Sandler Operator Welcome to the Fourth Quarter 2024 Phillips 66 Earnings Conference Call.
Phillips 66 Q4 Loss Narrower Than Expected, Revenues Top Estimates
PSX Q4 earnings and revenues decline year over year due to lower contributions from its Refining and Chemical segment.
Phillips 66: Q4 Loss Worse Than Forecast
Phillips 66 (PSX -1.07%), an energy company with a focus on the refining, midstream, and chemical sectors, released its fourth-quarter earnings results on Jan. 31. The company reported an adjusted loss per share of $0.15, significantly missing analysts' consensus expectation for a $0.03 loss.
Phillips 66 (PSX) Reports Q4 Loss, Tops Revenue Estimates
Phillips 66 (PSX) came out with a quarterly loss of $0.15 per share versus the Zacks Consensus Estimate of a loss of $0.20. This compares to earnings of $3.09 per share a year ago.
Phillips 66 reports smaller-than-expected fourth quarter loss
Refiner Phillips 66 reported a smaller-than-expected loss on Friday.
Top Wall Street Forecasters Revamp Phillips 66 Price Expectations Ahead Of Q4 Earnings
Phillips 66 PSX will release its fourth-quarter financial results, before the opening bell, on Friday, Jan. 31, 2025.
What's in Store for Phillips 66 This Q4 Earnings Season?
Weaker refining margins, lower crude prices and increasing costs are likely to have adversely impacted PSX's Q4 earnings.
Phillips 66 (PSX) Declines More Than Market: Some Information for Investors
The latest trading day saw Phillips 66 (PSX) settling at $121.86, representing a -0.62% change from its previous close.
Analysts Estimate Phillips 66 (PSX) to Report a Decline in Earnings: What to Look Out for
Phillips 66 (PSX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Phillips 66 (PSX) Beats Stock Market Upswing: What Investors Need to Know
In the latest trading session, Phillips 66 (PSX) closed at $115.98, marking a +1.8% move from the previous day.
Why the Market Dipped But Phillips 66 (PSX) Gained Today
Phillips 66 (PSX) closed at $115.19 in the latest trading session, marking a +0.02% move from the prior day.
Wolfe Research upgraded Phillips 66 to Outperform, sees 'no value' in refining
Wolfe Research upgraded Phillips 66 to Outperform from Peer Perform with a $143 price target. The company's recent share performance has dropped Phillips 66 share price below the Discounted Cash Flow value of its portfolio as if refining did not exist, but for Phillips 66, a share price that has no value for refining means a margin recovery is a free option at current levels, the analyst tells investors in a research note. While a recovery in crack spreads remains a seasonal call, Wolfe does not anticipate margins significantly worsening from here, the firm adds.
