(PSX) Phillips 66 - Overview
Sector: Energy | Industry: Oil & Gas Refining & Marketing | Exchange: NYSE (USA) | Market Cap: 71.242m USD | Total Return: 60.8% in 12m
Avg Turnover: 424M
EPS Trend: -78.4%
Qual. Beats: -1
Rev. Trend: -90.6%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Confidence
Phillips 66 (PSX) is a Houston-based integrated downstream energy company operating across five core segments: Midstream, Chemicals, Refining, Marketing and Specialties (M&S), and Renewable Fuels. The company manages an extensive infrastructure network for the transportation and storage of crude oil, natural gas, and natural gas liquids, while also maintaining a significant global footprint in petrochemical manufacturing and retail fuel marketing under brands such as Phillips 66, Conoco, and 76.
As a downstream operator, the company’s profitability is heavily influenced by crack spreads, which represent the pricing differential between crude oil feedstocks and the refined petroleum products produced. Unlike upstream producers focused on extraction, Phillips 66s diversified model includes a 50% interest in CPChem, a major global producer of olefins and polyolefins, providing exposure to the cyclical chemicals sector.
The company is currently expanding its Renewable Fuels segment to process non-petroleum feedstocks into sustainable aviation fuel and renewable diesel. For a deeper look at how these segments impact valuation, consider exploring the data on ValueRay. This shift toward renewables reflects a broader industry trend where traditional refiners leverage existing infrastructure to meet increasing regulatory requirements for lower-carbon transportation fuels.
- Refining crack spreads and global fuel demand drive quarterly earnings volatility
- Midstream infrastructure expansion and NGL export volumes provide steady cash flow
- Strategic shift toward renewable fuels and sustainable aviation fuel production margins
- Chemicals segment profitability depends on global ethylene demand and feedstock costs
- Aggressive capital return programs and cost reduction targets influence investor sentiment
| 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 (11.5b): 1.94 < 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 0.03%; Δ 701.9% > 0.5%) |
| Asset Turnover: 174.2% > 50% (prev 191.5%; Δ -17.39% > 0%) |
| Interest Coverage Ratio: 7.65 > 6 (EBITDA TTM 11.5b / 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: 0.11 (EBIT TTM 8.44b / Avg Total Assets 78.0b) |
| D: 0.60 (Book Value of Equity 32.7b / Total Liabilities 54.4b) |
| Altman-Z'' = 2.89 = A |
| DSRI: 1.18 (Receivables 11.9b/10.2b, Revenue 136b/138b) |
| GMI: 0.36 (GM 7.04% / 2.57%) |
| 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 = -3.56 (Cap -4..+1) = AAA |
As of May 27, 2026, the stock is trading at USD 177.69 with a total of 1,898,500 shares traded.
Over the past week, the price has changed by +1.58%,
over one month by +9.07%,
over three months by +17.82% and
over the past year by +60.75%.
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 | 187.4 | 5.5% |
P/E Trailing = 17.541
P/E Forward = 10.7991
P/S = 0.5297
P/B = 2.4461
P/EG = 0.9876
Revenue TTM = 136b USD
EBIT TTM = 8.44b USD
EBITDA TTM = 11.5b 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 = 93.5b USD (71.2b + Debt 27.4b - CCE 5.15b)
Interest Coverage Ratio = 7.65 (Ebit TTM 8.44b / Interest Expense TTM 1.10b)
EV/FCF = 785.8x (Enterprise Value 93.5b / FCF TTM 119.0m)
FCF Yield = 0.13% (FCF TTM 119.0m / Enterprise Value 93.5b)
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 = 1.11 (Enterprise Value 93.5b / Total Assets 84.1b)
Interest Expense / Debt = 4.03% (Interest Expense 1.10b / Debt 27.4b)
Taxrate = 15.77% (41.0m / 260.0m)
NOPAT = 7.11b (EBIT 8.44b * (1 - 15.77%))
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 = 1.94 (Net Debt 22.3b / EBITDA 11.5b)
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 = 18.09% (EBIT 8.44b / Capital Employed (Equity 28.0b + L.T.Debt 18.7b))
RoIC = 10.41% (NOPAT 7.11b / Invested Capital 68.3b)
WACC = 7.43% (E(71.2b)/V(98.7b) * Re(8.99%) + D(27.4b)/V(98.7b) * Rd(4.03%) * (1-Tc(0.16)))
Discount Rate = 8.99% (= 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: -4.0 | # QB: -1
Revenue Correlation: -90.59 | Revenue CAGR: -5.67% | SUE: 0.35 | # QB: 0
EPS current Quarter (2026-06-30): EPS=6.26 | Chg30d=+22.57% | Revisions=+67% | Analysts=16
EPS next Quarter (2026-09-30): EPS=5.75 | Chg30d=+20.96% | Revisions=+67% | Analysts=16
EPS current Year (2026-12-31): EPS=16.63 | Chg30d=+23.50% | Revisions=+79% | GrowthEPS=+158.3% | GrowthRev=+8.9%
EPS next Year (2027-12-31): EPS=16.28 | Chg30d=+8.77% | Revisions=+58% | GrowthEPS=-2.1% | GrowthRev=-5.3%
[Analyst] Revisions Ratio: +79%