Phillips 66 (PSX) Surpasses Q2 Earnings and Revenue Estimates

Core Viewpoint - Phillips 66 reported quarterly earnings of $2.38 per share, exceeding the Zacks Consensus Estimate of $1.66 per share, and showing an earnings surprise of +43.37% compared to the previous year’s earnings of $2.31 per share [1][2] Financial Performance - The company achieved revenues of $33.52 billion for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 9.75%, although this represents a decline from year-ago revenues of $38.91 billion [2] - Over the last four quarters, Phillips 66 has exceeded consensus EPS estimates three times and topped consensus revenue estimates four times [2] Stock Performance - Phillips 66 shares have increased approximately 9.1% since the beginning of the year, outperforming the S&P 500's gain of 8.2% [3] Future Outlook - The company's earnings outlook will be crucial for investors, including current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the next quarter is $2.29 on revenues of $30.19 billion, and for the current fiscal year, it is $4.44 on revenues of $122.67 billion [7] Industry Context - The Oil and Gas - Refining and Marketing industry, to which Phillips 66 belongs, is currently ranked in the bottom 26% of over 250 Zacks industries, indicating potential challenges ahead [8]