Phillips 66, Valero, and ConocoPhillips Earnings Preview Amid Energy Disruptions
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 28 2026
0mins
Source: seekingalpha
- Earnings Release Schedule: Phillips 66 (PSX) is set to report Q1 earnings on April 29 before market open, while Valero Energy (VLO) and ConocoPhillips (COP) will follow on April 30, as markets assess the impact of global energy disruptions and tight US refining capacity on demand.
- EPS Forecast Analysis: The consensus EPS estimate for PSX is -$0.39 (+56.7% Y/Y) with revenue of $33.39B, while COP's EPS is expected at $1.69 (-19.1% Y/Y) with revenue of $16.41B, indicating differing market expectations for the two companies.
- Market Dynamics Impact: The Iran conflict has led to damages to COP's critical LNG assets, and while rising oil prices provide tailwinds, analysts note that the current situation presents a complex impact on COP's future free cash flow.
- Valero's Growth Potential: VLO's consensus EPS estimate is $3.16 (+255.1% Y/Y) with revenue expected at $29.87B (-1.3% Y/Y), and analysts believe that disruptions in global energy flows will grant refiners like Valero pricing power and high crack spreads, likely resulting in windfall profits.
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Analyst Views on PSX
Wall Street analysts forecast PSX stock price to fall
15 Analyst Rating
8 Buy
7 Hold
0 Sell
Moderate Buy
Current: 168.310
Low
110.00
Averages
132.40
High
162.00
Current: 168.310
Low
110.00
Averages
132.40
High
162.00
About PSX
Phillips 66 is a diversified and integrated downstream energy provider that manufactures, transports and markets products. The Company's Midstream segment provides crude oil and refined petroleum product transportation, terminating and processing services, as well as natural gas and natural gas liquids (NGL) transportation, storage, fractionation, gathering, processing and marketing services. Its Chemicals segment consists of its 50% equity investment in Chevron Phillips Chemical Company LLC, which manufactures and markets petrochemicals and plastics on a worldwide basis. Its Refining segment refines crude oil and other feedstocks into petroleum products, such as gasoline, distillates, including aviation fuels. Its Marketing and Specialties segment purchases for resale and markets refined products, mainly in the United States and Europe. Its Renewable Fuels segment processes renewable feedstocks into renewable products at the Rodeo Renewable Energy Complex and at its Humber Refinery.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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