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Reasons Why PSX's Midstream Portfolio Offsets Elevated Crude Prices
ZACKS· 2026-02-19 17:30
Key Takeaways Phillips 66 is poised to benefit as the EIA forecasts WTI falling to $49.34 per barrel by 2027.PSX has been expanding its midstream operation to secure stable, fee-based revenues from leased assets.Phillips 66 advanced Pinnacle, Coastal Bend and Dos Picos 2, with more growth projects due by 2027.Phillips 66 (PSX) is poised to benefit from the ongoing softness in crude oil prices on its business model, which enables it to purchase raw materials at a cheaper rate. According to data released by t ...
Exclusive: US refiners Phillips 66, Citgo seek to buy crude directly from Venezuela, sources say
Reuters· 2026-02-18 16:50
book "Oro Rojo" about Venezuela's troubled state-run company PDVSA and Mom to three boys.## Read Nextago [Energycategory][Oil gains 3% as Russia-Ukraine talks abruptly end, Iran-US tensions support]ago [Energycategory][Exclusive: Libya brings in Western traders in blow to Russian fuel flows]ago [Sustainabilitycategory][Global Energy Alliance seeking to raise $100 million by 2028 to digitise India's electric grids, CEO says]ago [Energycategory][Santos to cut 10% of jobs, review portfolio; shares slip on prof ...
Marathon Petroleum vs Phillips 66: Which Refining Giant Wins as Energy Sector Dominates 2026?
247Wallst· 2026-02-18 13:45
Sizzling Energy Stocks to Buy That All Pay 5% or More Dividends[Lee Jackson | Dec 17, 2020 at 8:22 AM EST These four energy stocks are rated Buy at Goldman Sachs and make good sense for growth and income investors looking…]## 5 Energy Stocks Goldman Sachs Expects to Deliver More Than Dividends[Paul Ausick | May 26, 2022 at 1:16 PM EDT Goldman Sachs has bolstered its Buy recommendations on several energy stocks. Here is a look at five that promise a…]## Why Smart Money Is Piling Into COP After Earnings Miss: ...
JET adds 19 new sites in 2025 with continued growth into 2026
Retail Times· 2026-02-18 11:55
JET has continued to strengthen its UK dealer network through 2025, with further expansion carrying into early 2026, as independent retailers choose to work with a brand focused on longevity and enduring customer relationships in a shifting marketplace.JET has continued to strengthen its UK dealer network through 2025, with further expansion carrying into early 2026, as independent retailers choose to work with a brand focused on longevity and enduring customer relationships in a shifting marketplace.During ...
California gas prices surge 40 cents in just 2 weeks as impact of refinery closures weighs
Fox Business· 2026-02-16 17:38
Gas prices have surged in California in recent weeks as the state's supply is constrained due to recent reductions in refining capacity. The price of gas rose 40 cents in about two weeks, with the average price of gas across the state of California at $4.58 a gallon – an increase from $4.46 the prior week and $4.18 two weeks before that, according to data from AAA.Those figures are well above the national average of $2.92 a gallon. California's gas prices are the highest of all states, topping $4.37 a gallo ...
Phillips 66 Stock: Buy at a Premium or Wait for a Better Entry Point?
ZACKS· 2026-02-16 17:10
Key Takeaways Phillips 66 trades at 13.25x EV/EBITDA, well above the industry average of 5.13x.PSX could benefit from softer WTI prices, with EIA seeing lower oil prices through 2026.Phillips 66 allocates $1.11B each to refining and midstream, adding stability despite 38% leverage.Phillips 66 (PSX) is trading at a trailing 12-month EV/EBITDA multiple of 13.25x, which is higher than the broader industry average of 5.13x. Valero Energy Corporation (VLO) and Par Pacific Holdings, Inc. (PARR) , two other refine ...
Is Phillips 66's Refining Segment Poised for Continued Strength?
ZACKS· 2026-02-13 17:21
Key Takeaways Phillips 66 may benefit as softer WTI prices reduce crude input costs for its refining segment.EIA sees rising global inventories, projecting 2026 WTI at $53.42 per barrel vs. $65.40 in 2025.PSX shares rose 22% in a year; 2026 earnings estimates have moved higher in the past week.West Texas Intermediate (WTI) oil price is currently hovering around $63 per barrel, according to data from Oilprice.com, which is significantly lower than a year ago. Phillips 66 (PSX) is likely to gain from the soft ...
Phillips 66 raises quarterly dividend to $1.27 per share
Yahoo Finance· 2026-02-12 16:35
Core Viewpoint - The board of directors of Phillips 66 has declared a quarterly dividend of $1.27 per share, marking a $0.07 increase from the previous dividend [1] Group 1: Dividend Announcement - The declared dividend of $1.27 per share is payable on March 4, 2026 [1] - Shareholders of record must be on the books by the close of business on February 23, 2026, to receive the dividend [1]
Phillips 66 (PSX) Shows Earnings Momentum Amid Strategic Portfolio Transformation
Insider Monkey· 2026-02-12 09:42
Core Insights - Artificial intelligence (AI) is identified as the greatest investment opportunity of the current era, with a strong emphasis on the urgency to invest now [1][13] - The energy demands of AI technologies are significant, with data centers consuming as much energy as small cities, leading to concerns about power grid strain and rising electricity prices [2][3] Investment Opportunity - A specific company is highlighted as a critical player in the AI energy sector, owning essential energy infrastructure assets that are poised to benefit from the increasing energy demands of AI [3][7] - This company is not a chipmaker or cloud platform but is positioned as a "toll booth" operator in the AI energy boom, collecting fees from energy exports and benefiting from the onshoring trend driven by tariffs [5][6] Financial Position - The company is noted for being debt-free and holding a significant cash reserve, amounting to nearly one-third of its market capitalization, which positions it favorably compared to other energy firms burdened by debt [8][10] - It also has a substantial equity stake in another AI-related company, providing investors with indirect exposure to multiple growth opportunities without the associated premium costs [9] Market Trends - The article discusses the broader trends of AI, energy, tariffs, and onshoring, indicating that this company is strategically aligned with these developments [6][14] - The influx of talent into the AI sector is expected to drive continuous innovation and advancements, reinforcing the potential for growth in AI investments [12] Future Outlook - The company is positioned at the heart of America's next-generation power strategy, particularly in nuclear energy, which is seen as a clean and reliable power source for the future [7][14] - The potential for significant returns is emphasized, with projections suggesting a possible 100% return within 12 to 24 months for investors who act quickly [15][19]
Phillips 66 (PSX) Reports Strong Results for Q4
Yahoo Finance· 2026-02-11 19:13
Core Insights - Phillips 66 (NYSE:PSX) experienced a significant share price increase of 10.73% from February 2 to February 9, 2026, marking it as one of the top-performing energy stocks during that week [1] Financial Performance - The company reported better-than-expected Q4 2025 results, with an adjusted EPS of $2.47, surpassing expectations by $0.32 [2] - Revenue for Q4 2025 reached $36.33 billion, reflecting a 7% year-over-year increase and exceeding estimates by nearly $2.9 billion [2] - Realized refining margins more than doubled to $12.48 per barrel, leading to refining earnings of $542 million, a significant recovery from a loss of $759 million in the same quarter the previous year [3] - The company's refining operations achieved a 99% crude capacity utilization rate and a record clean product yield of 88% [3] - Overall earnings for Q4 amounted to $2.9 billion, a substantial increase from Q3 earnings of $133 million [3] - The company successfully reduced its debt by $2 billion during the quarter, ending the year with a net debt of $19.7 billion, aided by the sale of a 65% stake in its German and Austrian fuel retail business [3] Analyst Reactions - Following the strong Q4 performance, several analysts raised their price targets for Phillips 66, with Citi increasing its target from $146 to $159 while maintaining a 'Neutral' rating [4] - Other firms such as TD Cowen, UBS, BMO Capital, Morgan Stanley, and Piper Sandler also adjusted their price targets upward in response to the Q4 results [4]