(PSX) Phillips 66 - Overview
Stock: Gasolines, Distillates, Aviation Fuels, Lubricants, Chemicals
| Risk 5d forecast | |
|---|---|
| Volatility | 29.3% |
| Relative Tail Risk | -6.95% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.83 |
| Alpha | 18.11 |
| Character TTM | |
|---|---|
| Beta | 1.081 |
| Beta Downside | 1.521 |
| Drawdowns 3y | |
|---|---|
| Max DD | 44.37% |
| CAGR/Max DD | 0.40 |
EPS (Earnings per Share)
Revenue
Description: PSX Phillips 66 January 27, 2026
Phillips 66 (NYSE: PSX) is an integrated downstream energy company operating in the United States, United Kingdom, Germany and other international markets. Its business is organized into five segments: Midstream (transport, storage and processing of crude, refined products, natural gas and NGLs, plus LPG exports); Chemicals (production of ethylene, olefins, aromatics, styrenics and specialty chemicals); Refining (conversion of crude and other feedstocks into gasoline, distillates and aviation fuel); Marketing & Specialties (wholesale of refined products and manufacture of lubricants, base oils and other specialty products); and Renewable Fuels (processing of renewable feedstocks into renewable diesel, jet fuel and other sustainable fuels, plus management of regulatory credits). The company markets its output under the Phillips 66, Conoco, 76, JET, Kendall, Red Line and various private-label brands.
In its most recent quarter (Q3 2024), Phillips 66 reported adjusted earnings per share of $1.02 and a refining margin of $13.8 per barrel, reflecting a 7 % improvement versus the same period a year earlier. The Chemicals segment generated $1.1 billion in EBITDA, driven by a 12 % rise in ethylene pricing and stable demand for aromatics. Renewable Fuels capacity now stands at 1.2 million barrels-per-day of renewable diesel and jet fuel, up 15 % from 2022, positioning the segment to benefit from the U.S. Renewable Fuel Standard and emerging Sustainable Aviation Fuel mandates.
Key economic drivers for PSX include: (1) U.S. gasoline consumption, which is projected to grow 1.5 % annually through 2028 as vehicle miles increase; (2) the spread between ethylene and naphtha prices, a primary determinant of chemicals profitability; and (3) regulatory credit markets for renewable fuels, where credit prices have risen 30 % year-over-year, enhancing margins for the Renewable Fuels segment. However, the outlook remains sensitive to crude-oil price volatility and potential policy shifts on carbon emissions, which could alter demand patterns across all segments.
For a deeper, data-driven assessment of Phillips 66’s valuation dynamics, consider exploring the company’s profile on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 5.5
| Net Income: 4.40b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 2.41 > 1.0 |
| NWC/Revenue: 3.07% < 20% (prev 1.97%; Δ 1.10% < -1%) |
| CFO/TA 0.07 > 3% & CFO 4.96b > Net Income 4.40b |
| Net Debt (21.75b) to EBITDA (9.74b): 2.23 < 3 |
| Current Ratio: 1.23 > 1.5 & < 3 |
| Outstanding Shares: last quarter (405.1m) vs 12m ago -3.26% < -2% |
| Gross Margin: 5.10% > 18% (prev 0.03%; Δ 506.4% > 0.5%) |
| Asset Turnover: 178.1% > 50% (prev 197.2%; Δ -19.06% > 0%) |
| Interest Coverage Ratio: 6.22 > 6 (EBITDA TTM 9.74b / Interest Expense TTM 1.04b) |
Altman Z'' 2.25
| A: 0.05 (Total Current Assets 22.02b - Total Current Liabilities 17.95b) / Total Assets 76.12b |
| B: 0.40 (Retained Earnings 30.82b / Total Assets 76.12b) |
| C: 0.09 (EBIT TTM 6.46b / Avg Total Assets 74.35b) |
| D: 0.0 (Book Value of Equity 0.0 / Total Liabilities 48.04b) |
| Altman-Z'' Score: 2.25 = BBB |
What is the price of PSX shares?
Over the past week, the price has changed by +6.23%, over one month by +13.29%, over three months by +14.42% and over the past year by +31.93%.
Is PSX a buy, sell or hold?
- StrongBuy: 8
- Buy: 5
- Hold: 5
- Sell: 1
- StrongSell: 0
What are the forecasts/targets for the PSX price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 155.7 | -1% |
| Analysts Target Price | 155.7 | -1% |
| ValueRay Target Price | 190.1 | 20.9% |
PSX Fundamental Data Overview February 09, 2026
P/E Forward = 13.0039
P/S = 0.4817
P/B = 2.3621
P/EG = 0.4941
Revenue TTM = 132.43b USD
EBIT TTM = 6.46b USD
EBITDA TTM = 9.74b USD
Long Term Debt = 19.17b USD (from longTermDebt, two quarters ago)
Short Term Debt = 2.59b USD (from shortTermDebt, two quarters ago)
Debt = 21.75b USD (from shortLongTermDebtTotal, two quarters ago)
Net Debt = 21.75b USD (using Total Debt 21.75b, CCE unavailable)
Enterprise Value = 85.53b USD (63.77b + Debt 21.75b - (null CCE))
Interest Coverage Ratio = 6.22 (Ebit TTM 6.46b / Interest Expense TTM 1.04b)
EV/FCF = 19.98x (Enterprise Value 85.53b / FCF TTM 4.28b)
FCF Yield = 5.00% (FCF TTM 4.28b / Enterprise Value 85.53b)
FCF Margin = 3.23% (FCF TTM 4.28b / Revenue TTM 132.43b)
Net Margin = 3.32% (Net Income TTM 4.40b / Revenue TTM 132.43b)
Gross Margin = 5.10% ((Revenue TTM 132.43b - Cost of Revenue TTM 125.68b) / Revenue TTM)
Gross Margin QoQ = 6.66% (prev 5.55%)
Tobins Q-Ratio = 1.12 (Enterprise Value 85.53b / Total Assets 76.12b)
Interest Expense / Debt = 1.36% (Interest Expense 295.0m / Debt 21.75b)
Taxrate = 15.23% (526.0m / 3.45b)
NOPAT = 5.48b (EBIT 6.46b * (1 - 15.23%))
Current Ratio = 1.23 (Total Current Assets 22.02b / Total Current Liabilities 17.95b)
Debt / Equity = 0.81 (Debt 21.75b / totalStockholderEquity, two quarters ago 26.92b)
Debt / EBITDA = 2.23 (Net Debt 21.75b / EBITDA 9.74b)
Debt / FCF = 5.08 (Net Debt 21.75b / FCF TTM 4.28b)
Total Stockholder Equity = 27.27b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.92% (Net Income 4.40b / Total Assets 76.12b)
RoE = 16.14% (Net Income TTM 4.40b / Total Stockholder Equity 27.27b)
RoCE = 13.91% (EBIT 6.46b / Capital Employed (Equity 27.27b + L.T.Debt 19.17b))
RoIC = 11.47% (NOPAT 5.48b / Invested Capital 47.72b)
WACC = 7.67% (E(63.77b)/V(85.53b) * Re(9.90%) + D(21.75b)/V(85.53b) * Rd(1.36%) * (1-Tc(0.15)))
Discount Rate = 9.90% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -4.11%
[DCF Debug] Terminal Value 75.12% ; FCFF base≈3.50b ; Y1≈2.71b ; Y5≈1.72b
Fair Price DCF = 30.57 (EV 34.07b - Net Debt 21.75b = Equity 12.32b / Shares 402.9m; r=7.67% [WACC]; 5y FCF grow -26.88% → 2.90% )
EPS Correlation: -48.23 | EPS CAGR: 18.19% | SUE: 0.96 | # QB: 1
Revenue Correlation: -68.97 | Revenue CAGR: -1.86% | SUE: 0.35 | # QB: 0
EPS next Quarter (2026-03-31): EPS=1.65 | Chg30d=-0.668 | Revisions Net=-11 | Analysts=15
EPS current Year (2026-12-31): EPS=10.63 | Chg30d=-1.003 | Revisions Net=-7 | Growth EPS=+65.0% | Growth Revenue=-3.5%
EPS next Year (2027-12-31): EPS=12.46 | Chg30d=+0.006 | Revisions Net=-4 | Growth EPS=+17.2% | Growth Revenue=+3.1%