(PSX) Phillips 66 - NYSE
Sector: Energy | Industry: Oil & Gas Refining & Marketing | Exchange: NYSE (USA) | Market Cap: 66.611m USD | Total Return: 45.6% in 12m
Avg Turnover: 408M
EPS Trend: -78.4%
Qual. Beats: 4
Rev. Trend: -90.6%
Qual. Beats: 0
Warnings
Below Avwap Earnings
Tailwinds
Confidence
Phillips 66 (NYSE: PSX) is a U.S.-based integrated downstream energy company that operates across five business segments: Midstream, Chemicals, Refining, Marketing and Specialties (M&S), and Renewable Fuels. Headquartered in Houston, Texas and founded in 1875, the company conducts operations in the United States, the United Kingdom, Germany, and other international markets. Its activities span crude oil and NGL transportation, terminaling, and storage; the production of ethylene, aromatics, and specialty chemicals; petroleum refining into gasolines and distillates; the marketing of refined products and lubricants; and the processing of renewable feedstocks into renewable diesel and sustainable aviation fuel. The company sells its products under brands including Phillips 66, 76, Conoco, JET, Kendall, and Red Line.
As a downstream-focused operator, Phillips 66 sits in the Oil & Gas Refining & Marketing sub-industry within the GICS Energy sector, meaning its earnings are closely tied to crack spreads-the difference between the cost of crude oil and the wholesale prices of refined products like gasoline, diesel, and jet fuel. Its inclusion of a dedicated Renewable Fuels segment reflects the broader industry transition toward lower-carbon products, particularly renewable diesel and sustainable aviation fuel (SAF), which are increasingly supported by government incentives such as the U.S. Renewable Fuel Standard (RFS) and various state-level low-carbon fuel programs.
- Refining crack spreads compress as gasoline inventories build
- Renewable diesel and SAF capacity expansion drives low-carbon fuel margins
- Aggressive share buybacks continue supported by midstream and chemicals cash flow
| Net Income: 4.12b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.00 > 0.02 and ΔFCF/TA -3.98 > 1.0 |
| NWC/Revenue: 2.36% < 20% (prev 2.47%; Δ -0.11% < -1%) |
| CFO/TA 0.03 > 3% & CFO 2.51b > Net Income 4.12b |
| Net Debt (22.3b) to EBITDA (9.19b): 2.42 < 3 |
| Current Ratio: 1.13 > 1.5 & < 3 |
| Outstanding Shares: last quarter (403.3m) vs 12m ago -1.76% < -2% |
| Gross Margin: 7.04% > 18% (prev 2.57%; Δ 4.48% > 0.5%) |
| Asset Turnover: 174.2% > 50% (prev 191.5%; Δ -17.39% > 0%) |
| Interest Coverage Ratio: 5.56 > 6 (EBIT TTM 6.14b / Interest Expense TTM 1.10b) |
| A: 0.04 (Total Current Assets 27.4b - Total Current Liabilities 24.2b) / Total Assets 84.1b |
| B: 0.39 (Retained Earnings 32.9b / Total Assets 84.1b) |
| C: 0.08 (EBIT TTM 6.14b / Avg Total Assets 78.0b) |
| D: 0.52 (Book Value of Equity 28.5b / Total Liabilities 54.4b) |
| Altman-Z'' = 2.61 = A |
| DSRI: 1.18 (Receivables 11.9b/10.2b, Revenue 136b/138b) |
| GMI: 0.36 (GM 2.57% / 7.04%) |
| AQI: 0.81 (AQ_t 0.21 / AQ_t-1 0.26) |
| SGI: 0.99 (Revenue 136b / 138b) |
| TATA: 0.02 (NI 4.12b - CFO 2.51b) / TA 84.1b) |
| Beneish M = -3.58 (Cap -4..+1) = AAA |
As of June 24, 2026, the stock is trading at USD 170.34 with a total of 2,437,026 shares traded. Over the past week, the price has changed by -1.69%, over one month by -2.04%, over three months by -2.93% and over the past year by +45.57%.
Current recommended Stop Loss: 159.00 (which is 6.7% or 2.1 ATR below the current price).
Phillips 66 has received a consensus analysts rating of 4.05. Therefore, it is recommended to buy PSX.
- StrongBuy: 8
- Buy: 5
- Hold: 5
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 191.8 | 12.6% |
P/E Trailing = 16.4332
P/E Forward = 10.8225
P/S = 0.4953
P/B = 2.3494
P/EG = 0.9687
Revenue TTM = 136b USD
EBIT TTM = 6.14b USD
EBITDA TTM = 9.19b USD
Long Term Debt = 18.7b USD (from longTermDebt, last quarter)
Short Term Debt = 8.45b USD (from shortTermDebt, last quarter)
Debt = 27.4b USD (from shortLongTermDebtTotal, last quarter) + Leases 290.0m
Net Debt = 22.3b USD (calculated: Debt 27.4b - CCE 5.15b)
Enterprise Value = 88.9b USD (66.6b + Debt 27.4b - CCE 5.15b)
Interest Coverage Ratio = 5.56 (Ebit TTM 6.14b / Interest Expense TTM 1.10b)
EV/FCF = 746.9x (Enterprise Value 88.9b / FCF TTM 119.0m)
FCF Yield = 0.13% (FCF TTM 119.0m / Enterprise Value 88.9b)
FCF Margin = 0.09% (FCF TTM 119.0m / Revenue TTM 136b)
Net Margin = 3.04% (Net Income TTM 4.12b / Revenue TTM 136b)
Gross Margin = 7.04% ((Revenue TTM 136b - Cost of Revenue TTM 126b) / Revenue TTM)
Gross Margin QoQ = 10.64% (prev 6.29%)
Tobins Q-Ratio = 1.06 (Enterprise Value 88.9b / Total Assets 84.1b)
Interest Expense / Debt = 4.03% (Interest Expense 1.10b / Debt 27.4b)
Taxrate = 16.12% (811.0m / 5.03b)
NOPAT = 5.15b (EBIT 6.14b * (1 - 16.12%))
Current Ratio = 1.13 (Total Current Assets 27.4b / Total Current Liabilities 24.2b)
Debt / Equity = 0.96 (Debt 27.4b / totalStockholderEquity, last quarter 28.5b)
Debt / EBITDA = 2.42 (Net Debt 22.3b / EBITDA 9.19b)
Debt / FCF = 187.1 (Net Debt 22.3b / FCF TTM 119.0m)
Total Stockholder Equity = 28.0b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.29% (Net Income 4.12b / Total Assets 84.1b)
RoE = 14.72% (Net Income TTM 4.12b / Total Stockholder Equity 28.0b)
RoCE = 13.14% (EBIT 6.14b / Capital Employed (Equity 28.0b + L.T.Debt 18.7b))
RoIC = 8.15% (NOPAT 5.15b / Invested Capital 63.2b)
WACC = 7.21% (E(66.6b)/V(94.0b) * Re(8.79%) + D(27.4b)/V(94.0b) * Rd(4.03%) * (1-Tc(0.16)))
Discount Rate = 8.79% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -98.88 | Cagr: -3.86%
[DCF] Terminal Value 73.10% ; FCFF base≈1.26b ; Y1≈1.10b ; Y5≈889.5m
[DCF] Fair Price = N/A (negative equity: EV 14.3b - Net Debt 22.3b = -7.99b; debt exceeds intrinsic value)
EPS Correlation: -78.40 | EPS CAGR: -42.11% | SUE: 2.65 | # QB: 4
Revenue Correlation: -90.59 | Revenue CAGR: -5.67% | SUE: 0.35 | # QB: 0
EPS current Quarter (2026-06-30): EPS=6.53 | Chg30d=+6.62% | Revisions=+56% | Analysts=17
EPS next Quarter (2026-09-30): EPS=6.20 | Chg30d=+9.57% | Revisions=+33% | Analysts=17
EPS current Year (2026-12-31): EPS=17.66 | Chg30d=+8.31% | Revisions=+60% | GrowthEPS=+174.2% | GrowthRev=+12.3%
EPS next Year (2027-12-31): EPS=17.26 | Chg30d=+6.66% | Revisions=+64% | GrowthEPS=-2.2% | GrowthRev=-7.2%
[Analyst] Revisions Ratio: +64%