Refining Woes Weigh On Phillips 66 Despite Midstream And Chemicals Gains
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 25 2025
0mins
Source: Benzinga
First Quarter Results: Phillips 66 reported first-quarter FY25 revenue of $31.73 billion, exceeding expectations, but faced challenges with a widening loss in the Refining segment and a decline in Midstream earnings. Adjusted EPS of $(0.90) fell short of the consensus estimate.
Strategic Developments: The company announced a $0.05 increase in its quarterly dividend and highlighted ongoing investments, including the acquisition of EPIC NGL and plans for a new gas plant in the Permian, aimed at enhancing cash flow stability amid market uncertainties.
Analyst Views on IEO
Wall Street analysts forecast IEO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IEO is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 94.120
Low
Averages
High
Current: 94.120
Low
Averages
High
No data
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.
