"Phillips 66 (PSX) Gains Momentum Ahead of Earnings Release"
Phillips 66 is set to announce its latest quarterly earnings on Tuesday, April 28th, with a consensus estimate EPS of -0.55.
Phillips 66 (PSX) is currently trading at $165.47, reflecting a price increase of $1.37 (0.835%) from the previous close. The trading volume is $492,158, representing a 15.47% increase relative to the average.
The company's previous quarterly earnings, announced on Tuesday, February 3rd, reported a consensus estimate EPS of 2.11.
Phillips 66 offers a forward dividend yield of 3.07%, with a dividend per share MRQ of $1.27 and a total dividend per share TTM of $4.87.
Morgan Stanley upgraded Phillips 66's grade to "Overweight" on April 24, suggesting a positive outlook.
The company reported a free cash flow of $2 billion, with acquisitions netting $2.31 billion and a net change in cash of -$834 million.
Phillips 66 generated revenue of $34 billion, with a net income of $2.91 billion and an EPS of $7.21.
Key ratios include a net profit margin of 8.54%, return on equity of 9.99%, and a price-to-earnings ratio of 4.48.
The balance sheet shows total assets of $73.68 billion and total liabilities of $43.44 billion, with net debt standing at $21.77 billion.
This report captures Phillips 66's current financial status and provides insights into its performance as investors anticipate its upcoming earnings release.
Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks; delivers refined petroleum products to market; provides terminaling and storage services for crude oil and refined petroleum products; transports, stores, fractionates, exports, and markets natural gas liquids; provides other fee-based processing services; and gathers, processes, transports, and markets natural gas. The Chemicals segment produces and markets ethylene and other olefin products; aromatics and styrenics products, such as benzene, cyclohexane, styrene, and polystyrene; and various specialty chemical products, including organosulfur chemicals, solvents, catalysts, and chemicals used in drilling and mining. The Refining segment refines crude oil and other feedstocks into petroleum products, such as gasolines, distillates, aviation, and renewable fuels at 12 refineries in the United States and Europe. The M&S segment purchases for resale and markets refined petroleum products, including gasolines, distillates, and aviation fuels primarily in the United States and Europe. This segment also manufactures and markets specialty products, such as base oils and lubricants. The company was founded in 1875 and is headquartered in Houston, Texas.