With a market cap of $51.5 billion, Phillips 66 (PSX) is a diversified energy manufacturing and logistics company with operations across the United States, the United Kingdom, Germany, and globally. The company operates through five key segments - Midstream, Chemicals, Refining, Marketing and Specialties (M&S), and Renewable Fuels, providing a wide range of energy and specialty products worldwide.
The Houston, Texas-based company is expected to announce its fiscal Q2 2025 earnings results before the market opens on Friday, Jul. 25. Ahead of this event, analysts predict PSX to report an adjusted EPS of $1.71, down nearly 26% from $2.31 in the previous year's quarter. It has surpassed Wall Street's bottom-line estimates in three of the past four quarters while missing on another occasion.
For fiscal 2025, analysts forecast the oil refiner to report adjusted EPS of $4.26, down 30.7% from $6.15 in fiscal 2024. However, adjusted EPS is anticipated to grow significantly 132.4% year-over-year to $9.90 in fiscal 2026.
Shares of Phillips 66 have decreased 5.2% over the past 52 weeks, underperforming both the S&P 500 Index's ($SPX) 11.7% gain and the Energy Select Sector SPDR Fund's (XLE) 2.5% drop over the same period.
Despite reporting better-than-expected Q1 2025 revenue of $31.7 billion, Phillips 66 shares fell marginally on Apr. 25 due to a larger-than-expected adjusted loss of $0.90 per share. The refining segment posted a significant net loss of $937 million, primarily due to lower refining margins and elevated turnaround costs. Realized refining margins dropped 38% to $6.81 per barrel, while turnaround costs more than doubled to $270 million, reducing crude capacity utilization to 80% from 92% last year.
Analysts' consensus rating on Phillips 66 stock is cautiously optimistic, with an overall “Moderate Buy” rating. Out of 19 analysts covering the stock, opinions include 10 "Strong Buys," one "Moderate Buy," and eight "Holds." As of writing, the stock is trading slightly below the average analyst price target of $129.37.
