Phillips 66 Q4 adj EPS beats expectations on record NGL transportation, fractionation volumes

Reuters02-04 20:08
<a href="https://laohu8.com/S/PSX">Phillips 66</a> Q4 adj EPS beats expectations on record NGL transportation, fractionation volumes

Overview

  • Downstream energy provider's Q4 adjusted EPS beat analyst expectations

  • Adjusted net income for Q4 beat analyst expectations

  • Company achieved record NGL transportation and fractionation volumes

Outlook

  • Phillips 66 announces 2026 capital budget of $2.4 bln

  • Phillips 66 aims for further debt reduction in 2026

Result Drivers

  • NGL VOLUMES - Achieved record NGL transportation and fractionation volumes over 1 MMBD each

  • REFINING PERFORMANCE - Delivered record clean product yield of 88% and operated at 99% crude capacity utilization

  • WRB ACQUISITION - Refining income benefited from acquiring the remaining interest in WRB Refining LP

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Adjusted EPS

Beat

$2.47

$2.16 (18 Analysts)

Q4 EPS

$7.17

Q4 Adjusted Net Income

Beat

$1.002 bln

$872.81 mln (12 Analysts)

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 13 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the oil & gas refining and marketing peer group is "buy"

  • Wall Street's median 12-month price target for Phillips 66 is $151.00, about 2% above its February 3 closing price of $148.09

  • The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release: ID:nBwK0SqHa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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