Phillips 66 (PSX) came out with quarterly earnings of $2.38 per share, beating the Zacks Consensus Estimate of $1.66 per share. This compares to earnings of $2.31 per share a year ago.
Refiner Phillips 66 beat Wall Street estimates for second-quarter profit on Friday, helped by higher refining margins and lower turnaround expenses.
Get a deeper insight into the potential performance of Phillips 66 (PSX) for the quarter ended June 2025 by going beyond Wall Street's top-and-bottom-line estimates and examining the estimates for some of its key metrics.
Phillips 66 (NYSE: PSX) is scheduled to announce its fiscal second-quarter earnings on Friday, July 25, 2025. Analysts expect the company to declare earnings of $1.75 per share with sales amounting to $32.1 billion.
Beyond analysts' top-and-bottom-line estimates for Phillips 66 (PSX), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2025.
Phillips 66 (PSX) possesses 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 offers a solid 3.9% dividend yield, robust cash flow, and a strong history of shareholder returns, making it an attractive value and income pick. Recent headwinds from turnaround activity are largely behind, setting the stage for a rebound in earnings and cash flow in upcoming quarters. Strategic expansion in the NGL value chain and the accretive EPIC acquisition position PSX to benefit from long-term secular growth in petrochemicals.
Phillips 66 (PSX) concluded the recent trading session at $129.01, signifying a -2.05% move from its prior day's close.
Phillips 66 is a diversified energy company with strong Midstream and NGL growth, offering a compelling long-term investment case regardless of potential breakup. Activist Elliott Management is pushing for structural changes, but I see a full breakup as unlikely. Cost cuts and share repurchases are more probable outcomes. Phillips 66 boasts a robust 3.6% yield, fastest profit growth among peers, and trades at a discount, supporting my buy rating and $153 intrinsic value target.
In the closing of the recent trading day, Phillips 66 (PSX) stood at $130, denoting a +2.85% move from the preceding trading day.
In the most recent trading session, Phillips 66 (PSX) closed at $126.46, indicating a +2.69% shift from the previous trading day.
PSX is set to produce CARB gasoline at its Ferndale refinery to offset supply loss from its Los Angeles plant closure.