U.S. independent refiner Phillips 66 plans to operate refineries in the mid-90% range of their combined capacity in the third quarter of 2026, the company said on Wednesday during a conference call to discuss second-quarter results.
The headline numbers for Phillips 66 (PSX) give insight into how the company performed in the quarter ended June 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Phillips 66 (PSX) came out with quarterly earnings of $9.41 per share, beating the Zacks Consensus Estimate of $7.68 per share. This compares to earnings of $2.38 per share a year ago.
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Get a deeper insight into the potential performance of Phillips 66 (PSX) for the quarter ended June 2026 by going beyond Wall Street's top-and-bottom-line estimates and examining the estimates for some of its key metrics.
Phillips 66 (PSX) closed the most recent trading day at $210.6, moving +1.83% from the previous trading session.
PSX heads into Q2 earnings with stronger estimates, softer crude costs and refinery strength, though its premium valuation raises the stakes.
Phillips 66 has completed a multi-year cup-and-handle breakout, targeting a substantial upside to $308.12. Dual-pattern technical confirmation and strong RSI momentum support the ongoing bullish run, with any short-term cooling offering attractive entry points. Denominated in hard assets, the PSX-to-silver ratio remains well below historical peaks, highlighting significant value insulation relative to inflated USD multiples.
Phillips 66 (PSX) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Does Phillips 66 (PSX) have what it takes to be a top stock pick for momentum investors? Let's find out.
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Phillips 66 (PSX) closed at $212.27 in the latest trading session, marking a +1.66% move from the prior day.