We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Phillips 66 (PSX) Reports Q2 Earnings: What Key Metrics Have to Say
Read MoreHide Full Article
Phillips 66 (PSX - Free Report) reported $52.04 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 55.3%. EPS of $9.41 for the same period compares to $2.38 a year ago.
The reported revenue represents a surprise of +43.88% over the Zacks Consensus Estimate of $36.17 billion. With the consensus EPS estimate being $7.68, the EPS surprise was +22.53%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Phillips 66 performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Refining Margins - Western/Pacific (Per Barrel): $29.65 compared to the $19.93 average estimate based on four analysts.
Refining Margins - Worldwide (Per Barrel): $24.08 compared to the $23.15 average estimate based on four analysts.
Refining Margins - Atlantic Basin/Europe (Per Barrel): $14.44 versus $19.77 estimated by four analysts on average.
Refining Margins - Gulf Coast (Per Barrel): $24.25 versus $22.42 estimated by four analysts on average.
Refining Margins - Central Corridor (Per Barrel): $29.56 versus the four-analyst average estimate of $26.35.
Chemicals - CPChem Externally Marketed Sales Volumes: 5,006.00 Mlbs versus 5,432.52 Mlbs estimated by three analysts on average.
Refining operations - Central Corridor - Capacity utilization (percent): 101% compared to the 95.1% average estimate based on three analysts.
Refining operations - Central Corridor - Crude oil processed: 800 thousands of barrels of oil compared to the 754.31 thousands of barrels of oil average estimate based on three analysts.
Refining operations - Central Corridor - Crude oil capacity: 793 thousands of barrels of oil versus 793 thousands of barrels of oil estimated by three analysts on average.
Revenues and Other Income- Sales and other operating revenues: $51 billion versus $35.95 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +53.1% change.
Revenues and Other Income- Equity in earnings of affiliates: $635 million versus $386.78 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +315% change.
Total sales and other operating revenues- Renewable Fuels: $2.56 billion versus the two-analyst average estimate of $855.36 million. The reported number represents a year-over-year change of +58.7%.
Shares of Phillips 66 have returned +8.3% over the past month versus the Zacks S&P 500 composite's +2.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
View the Zacks #1 Rank List
Image: Bigstock
Phillips 66 (PSX) Reports Q2 Earnings: What Key Metrics Have to Say
Phillips 66 (PSX - Free Report) reported $52.04 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 55.3%. EPS of $9.41 for the same period compares to $2.38 a year ago.
The reported revenue represents a surprise of +43.88% over the Zacks Consensus Estimate of $36.17 billion. With the consensus EPS estimate being $7.68, the EPS surprise was +22.53%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Phillips 66 performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:View all Key Company Metrics for Phillips 66 here>>>
Shares of Phillips 66 have returned +8.3% over the past month versus the Zacks S&P 500 composite's +2.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.