Phillips 66 Shares Gain 17.5% in a Month on Strong Refining Results

Earnings

โดย Zacks Investment Research·

Summary · why it matters

Phillips 66 shares have gained 17.5% in the past four weeks, extending a rally backed by a sharp improvement in second-quarter results. Second-quarter 2026 adjusted earnings were $9.41 per share, up from $2.38 a year earlier and beating the Zacks Consensus Estimate of $7.68 by 22.5%, while total revenues and other income rose to $52.04 billion from $33.52 billion and beat the consensus mark by 43.9%. Worldwide realized refining margins climbed to $24.08 per barrel from $11.25 a year earlier, crude capacity utilization reached 96%, and refining adjusted pre-tax income increased to $3.09 billion from $392 million. Midstream adjusted EBITDA reached $1.05 billion as natural gas liquids pipeline throughput averaged 943,000 barrels per day and fractionation volumes hit 1.02 million barrels per day. The Zacks Consensus Estimate calls for 2026 earnings of $23.86 per share and 2027 earnings of $21.42, and PSX currently carries a Zacks Rank #3 (Hold).

Phillips 66 ▲