Twitter

Link your Twitter Account to Market Wire News


When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.


Be alerted of any news about your stocks and see what other stocks are trending.



home / news releases / PSX - Did high crude prices dent Phillips 66 Q3 Earnings?


PSX - Did high crude prices dent Phillips 66 Q3 Earnings?

Phillips 66 (NYSE:PSX) is scheduled to announce Q3 earnings results on Friday, October 29th, before market open. The consensus EPS Estimate is $1.93 (compared to -$0.01 in year ago quarter) and the consensus Revenue Estimate is $24.33B (+49.4% Y/Y). Higher crude prices in Q3 might have eroded the company's massive potential gains. Also, Hurricane Ida-related downtimes in the September quarter might have affected refining operations in Louisiana. Over the last 2 years, PSX has beaten EPS estimates 75% of the time and has beaten revenue estimates 50% of the time. Over the last 3 months, EPS estimates have seen 9 upward revisions and 3 downward. Revenue estimates have seen 3 upward revisions and 1 downward. Yesterday, the company agreed to acquire all publicly held common units in Phillips 66 Partners in an all-stock deal valued at ~$3.4B. The company raised quarterly dividend by 2.2% to $0.92 and it repaid $500M of

For further details see:

Did high crude prices dent Phillips 66 Q3 Earnings?
Stock Information

Company Name: Phillips 66
Stock Symbol: PSX
Market: NYSE
Website: phillips66.com

Menu

PSX PSX Quote PSX Short PSX News PSX Articles PSX Message Board
Get PSX Alerts

News, Short Squeeze, Breakout and More Instantly...