Phillips 66 is set to report second-quarter 2026 results on August 5 before the opening bell. The Zacks Consensus Estimate for earnings is $7.68 per share, implying a 222.7% improvement from the year-ago period, while revenues are pegged at $36.2 billion, up 7.9%. The company has beaten earnings estimates in each of the trailing four quarters with an average surprise of 67.8%, though the current Earnings ESP of 0.00% and a Zacks Rank of 2 suggest a beat is not predicted this time. Higher oil prices driven by the Iran war likely hurt refining margins, but high refinery utilization to meet resilient demand may have offset some of that impact. The stock has surged 67.3% over the past year, outperforming the industry's 60.5% growth, and trades at a trailing 12-month EV/EBITDA of 14.30 times, a premium to the industry average of 6.20 times.
Phillips 66Earnings preview with expected profit surge but no actual results yet; Zacks Rank and ESP suggest uncertainty
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