Phillips 66 (PSX) Expected to Announce Earnings on Wednesday

Phillips 66 (NYSE:PSX) is anticipated to issue its Q3 2026 results before the market opens on Wednesday, October 28th. Analysts expect Phillips 66 to post earnings of $11.79 per share and revenue of $44.85 billion for the quarter. Interested persons may review the information on the company’s upcoming Q3 2026 earnings overview page for the latest details on the call scheduled for Wednesday, October 28, 2026 at 12:00 PM ET.

Phillips 66 (NYSE:PSX) last posted its earnings results on Wednesday, August 5th. The oil and gas company reported $9.41 earnings per share for the quarter, topping the consensus estimate of $7.50 by $1.91. The firm had revenue of $51 billion during the quarter, compared to analysts’ expectations of $43.60 billion. Phillips 66 had a return on equity of 19.93% and a net margin of 4.54%. During the same quarter in the previous year, the business earned $2.38 earnings per share. On average, analysts expect Phillips 66 to post $31.12 EPS for the current fiscal year and $31.24 EPS for the next fiscal year.

Phillips 66 Stock Performance

Shares of PSX opened at $291.35 on Wednesday. The company has a market capitalization of $116.25 billion, a price-to-earnings ratio of 16.60 and a beta of 0.71. Phillips 66 has a 52-week low of $126.92 and a 52-week high of $299.39. The company has a quick ratio of 1.00, a current ratio of 1.32 and a debt-to-equity ratio of 0.57. The stock has a 50 day moving average price of $259.58 and a 200 day moving average price of $208.77.

Phillips 66 Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Tuesday, November 17th will be given a dividend of $1.33 per share. The ex-dividend date is Tuesday, November 17th. This represents a $5.32 annualized dividend and a dividend yield of 1.8%. This is a boost from Phillips 66’s previous quarterly dividend of $1.27. Phillips 66’s payout ratio is presently 28.95%.

Phillips 66 announced that its Board of Directors has authorized a stock repurchase program on Friday, July 31st that authorizes the company to repurchase $10.00 billion in outstanding shares. This buyback authorization authorizes the oil and gas company to purchase up to 11.8% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

Key Headlines Impacting Phillips 66

Here are the key news stories impacting Phillips 66 this week:

• Positive Sentiment: Phillips 66 raised its quarterly dividend 4.7% to $1.33 per share, or $5.32 annualized, supporting the stock’s income appeal. The dividend is payable December 1 to shareholders of record November 17. Phillips 66 Stock Is Up 133%. Can Its Dividend Keep Growing?
• Positive Sentiment: Exchange-traded funds recorded approximately $167.4 million of net buying in Phillips 66 on October 16, indicating institutional or passive-investment demand that could provide support for the shares. Phillips 66 Sees $167.4 Million in Net ETF Buying
• Positive Sentiment: A Zacks analysis describes PSX as a strong growth stock based on its style-rating framework, adding to the favorable sentiment around the company’s recent performance. Here’s Why Phillips 66 Is a Strong Growth Stock
• Neutral Sentiment: The stock’s roughly 133% gain this year has increased investor attention, but analysts note that elevated debt and volatile refining margins could make future dividend increases harder to sustain. Phillips 66 Stock Is Up 133%. Can Its Dividend Keep Growing?
• Negative Sentiment: Phillips 66 has locked out union workers at its New Jersey refinery after a contract extension expired. The dispute could disrupt refinery operations, increase labor-related costs, or prolong uncertainty around production. Phillips 66 Locks Out Union Workers at New Jersey Refinery

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Jefferies Financial Group reaffirmed a “hold” rating and issued a $276.00 target price on shares of Phillips 66 in a research report on Sunday, October 11th. Wells Fargo & Company lifted their price target on shares of Phillips 66 from $335.00 to $345.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 14th. UBS Group boosted their price target on shares of Phillips 66 from $235.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, September 8th. BMO Capital Markets upped their price objective on shares of Phillips 66 from $260.00 to $310.00 and gave the company an “outperform” rating in a research note on Thursday, September 17th. Finally, Morgan Stanley raised their price objective on Phillips 66 from $196.00 to $284.00 and gave the stock an “overweight” rating in a report on Monday, September 14th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $269.06.

Insider Activity at Phillips 66

In other Phillips 66 news, EVP Richard G. Harbison sold 52,100 shares of Phillips 66 stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $223.76, for a total value of $11,657,896.00. Following the transaction, the executive vice president directly owned 39,094 shares in the company, valued at approximately $8,747,673.44. The trade was a 57.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Brian Mandell sold 23,400 shares of the stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $265.06, for a total transaction of $6,202,404.00. Following the sale, the executive vice president owned 61,595 shares of the company’s stock, valued at $16,326,370.70. This trade represents a 27.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 108,800 shares of company stock valued at $25,016,566 over the last three months. Corporate insiders own 0.40% of the company’s stock.

Phillips 66 Company Profile

Phillips 66 (NYSE: PSX) is an energy manufacturing and logistics company headquartered in Houston, Texas. The company was established in 2012 following the separation of ConocoPhillips’ downstream and midstream businesses.

Phillips 66 operates across midstream, chemicals, refining and marketing. Its midstream activities include gathering, processing, transporting and storing crude oil, natural gas and natural gas liquids. Through its refining operations, the company converts crude oil and other feedstocks into gasoline, diesel, jet fuel, lubricants and other refined petroleum products.

The company markets fuel and related products under the Phillips 66, 76 and Conoco brands, serving retail, commercial, aviation and industrial customers.