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 -0.79% change in stock price 10 days leading up to the earnings, and a +1.66% change 10 days following the report. On the earnings day itself, the stock moves by -0.80%. 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
33.69B
-11.98%
-5.19%
Gross Margin
6.27%
-38.59%
-20.23%
Operating Margin
-0.16%
-103.88%
-260.00%
Net Margin
0.07%
-97.92%
-93.27%
EPS
0.02
-99.30%
-97.59%
No Data Available
PSX Earnings Analysis
Phillips 66 Corporation (PSX.N) Earnings Conference Call
Positive
Shareholder Value Distribution: Achieved $13.6 billion in shareholder distributions through share repurchases and dividends since July 2022, demonstrating strong commitment to returning value to shareholders.
Synergy Target Achievement: Exceeded synergy target from the DCP Midstream acquisition by capturing $500 million of run rate synergies, significantly enhancing midstream's mid-cycle adjusted EBITDA by $1.5 billion.
Record Clean Product Yields: Set record clean product yields in Q4 and for the full year, achieving 88% clean product yield in Q4, reflecting operational excellence and efficiency improvements.
Strong Cash Flow Generation: Generated $1.2 billion in operating cash flow, with $1.1 billion returned to shareholders, including $647 million in share repurchases, indicating strong cash generation capabilities.
Asset Divestiture Success: Announced $3.5 billion in asset divestitures, exceeding the initial target of $3 billion, which will be utilized to advance strategic priorities and enhance financial flexibility.
Negative
Earnings Decline Report: Reported earnings were $8,000,000 or $0.01 per share, with an adjusted loss of $61,000,000 or $0.15 per share, indicating a significant decline in profitability.
Earnings Decline Analysis: Total company adjusted earnings decreased by $920,000,000 compared to the prior quarter, reflecting a substantial drop in overall financial performance.
Chemicals Segment Profitability Decline: In Chemicals, results decreased mainly due to lower polyethylene chain margins and higher costs related to turnarounds and maintenance, negatively impacting segment profitability.
Refining Results Decline: Lower refining results primarily reflect weaker crack spreads and a full quarter of accelerated depreciation for the Los Angeles refinery, which adversely affected earnings.
Turnaround Expense Projections: Turnaround expenses for Q1 of 2025 are expected to be between $290,000,000 and $310,000,000, with full-year turnaround expenses projected to be between $500,000,000 and $550,000,000, indicating increased operational costs.
PSX FAQs
How does PSX typically perform around its earnings report dates?
Is Phillips 66 (PSX) Q4 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
PSX Earning Call Sentiment
Earnings call transcript: Phillips 66 sees Q4 2024 earnings drop, outlines growth plans
PSX.N
3.45%Positive
The earnings call summary reflects mixed signals. Strong shareholder returns and asset dispositions are positive, but the adjusted loss and unclear guidance on asset disposals are concerning. The Q&A session highlighted uncertainties in marketing and renewable diesel margins, but confidence in midstream growth and debt reduction was evident. The neutral sentiment reflects these balanced factors, with potential positive catalysts from cost reductions and shareholder returns countered by financial losses and market uncertainties.
