PSX Earnings Prediction
The chart below shows how PSX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PSX sees a -1.04% change in stock price 10 days leading up to the earnings, and a +0.89% change 10 days following the report. On the earnings day itself, the stock moves by -0.61%. This data can give you a slight idea of what to expect for the next quarter's release.
PSX Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
35.53B
-10.38%
-6.82%
Gross Margin
7.86%
-35.41%
-0.25%
Operating Margin
0.10%
-98.35%
-96.36%
Net Margin
1.04%
-80.78%
-61.19%
EPS
0.83
-82.30%
-65.13%
No Data Available
PSX Earnings Analysis
PHILLIPS 66 Corporation (PSX.N) Earnings Conference Call
Positive
Shareholder Returns Overview: Since July 2022, we have returned $12.5 billion to shareholders through share repurchases and dividends.
Target Revenue Range: We are approaching our $13 billion to $15 billion target.
Cost Reduction Achievement: We have reduced our cost by $1 per barrel and continue to run our system well.
EBITDA Growth Surge: Midstream's adjusted EBITDA has increased to $3.7 billion from $2.1 billion three years ago.
Business Expansion Acquisition: In the third quarter of 2024, we further expanded the business with the acquisition of Pinnacle Midstream.
Negative
Earnings Decline Analysis: Adjusted earnings decreased by $125 million compared to the prior quarter.
Midstream Results Decline: Midstream results decreased mostly due to seasonal maintenance costs and lower equity earnings, reflecting the sale of our interest in the Rockies Express pipeline.
Accelerated Depreciation Impact: The accelerated depreciation impact in the third quarter was $25 million.
Weaker Crack Spreads Impact: Lower refining results primarily reflect weaker crack spreads.
Refinery Closure Impact: The planned cessation of operations at the Los Angeles refinery resulted in the acceleration of depreciation, impacting earnings by $25 million.
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PSX Earning Call Sentiment
Phillips 66 (PSX) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
PSX.N
1%Positive
The earnings call summary presents mixed signals: basic financial performance shows a decrease in earnings and adjusted earnings, but cost reductions are ahead of schedule. Product development is positive with renewable energy progress, but there's uncertainty due to regulatory changes in California. Market strategy is cautious with asset sales and refining challenges. Financial health shows stability in cash flow but impacted by depreciation. Shareholder returns are strong with significant cash returned. Q&A highlights uncertainties in refining and asset sales, but optimism in chemicals and renewable diesel. Overall, the sentiment is neutral, balancing positives and negatives.