Phillips 66 reports results for the quarter ended March 31 - Earnings Summary

Reuters
2025.04.25 13:31
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Phillips 66 reported a quarterly adjusted loss of 90 cents per share for the quarter ended March 31, down from $1.90 a year ago. Revenue fell 12.9% to $31.73 billion, slightly above analyst expectations. The company reported a net income of $487 million. Phillips 66 shares dropped 15.2% this quarter and 8.1% year-to-date. Analysts have revised earnings estimates down by 164.4% in the last three months, with a current average rating of "buy". The median 12-month price target is $131.00.

  • Phillips 66 (PSX.N) reported a quarterly adjusted loss of 90 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $1.90. The mean expectation of eighteen analysts for the quarter was for a loss of 72 cents per share. Wall Street expected results to range from -81 cents to -55 cents per share.

  • Revenue fell 12.9% to $31.73 billion from a year ago; analysts expected $31.33 billion.

  • Phillips 66’s reported EPS for the quarter was $1.18​.

  • The company reported quarterly net income of $487 million.

  • Phillips 66 shares had fallen by 15.2% this quarter and lost 8.1% so far this year. FORECAST CHANGES

  • The mean earnings estimate of analysts had fallen by about 164.4% in the last three months.​

  • In the last 30 days, seventeen analysts negatively revised earnings estimates RECOMMENDATIONS

  • The current average analyst rating on the shares is “buy” and the breakdown of recommendations is 12 “strong buy” or “buy,” 7 “hold” and 1 “sell” or “strong sell.” The average consensus recommendation for the oil & gas refining and marketing peer group is also “buy”

  • Wall Street’s median 12-month price target for Phillips 66 is $131.00 This summary was machine generated from LSEG data April 25 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,

MISSED

Mar. 31 2025 -0.72 -0.90 Missed

Dec. 31 2024 -0.23 -0.15 Beat

Sep. 30 2024 1.66 2.04 Beat

Jun. 30 2024 1.98 2.31 Beat