PSX Earnings

PSX reported its earnings on 2026-02-04, showcasing a revenue of 36.33B against an estimate of 30.05B, resulting in a 20.91% surprise. The EPS was 2.47, surpassing the expected 2.11 by 17.06%. The stock experienced a 4.46% price change on the earnings day and a 6.35% change over the next five days, reflecting market reactions to the results.

Following PSX's earnings announcement on 2026-02-04, the stock price moved by 4.46% on the day of the release. Over the subsequent five days, it saw a 6.35% change. Historically, PSX's stock price tends to shift by an average of -1.69% in the 10 days leading up to earnings and 0.53% in the 10 days following, providing insight into potential market.

For 2025/Q2, analysts estimate PSX's annual revenue to reach 32.94B, while the EPS is projected at 1.82. These estimates reflect recent revisions, with revenue estimates unchanged by 0% and EPS estimates unchanged by 0% over the past three months, indicating analyst expectation in the company's performance.

The correlation between PSX's stock price and earnings forecast revisions shows that positive revisions in revenue or EPS often strengthen the stock's fundamentals. Over the past three months, revenue estimates for FY2025 were unchanged by 0%, while EPS estimates moved unchanged by 0%. This trend suggests that price dips could present buying opportunities for investors.

Based on historical trends, PSX's stock price typically moves by -1.69% in the 10 days before its earnings and 0.53% in the 10 days after. For the upcoming 2025/Q2 earnings, analysts expect an EPS of 1.82 and revenue of 32.94B.

The earnings call summary highlights strong financial performance and optimistic guidance, especially with cost reduction initiatives and strategic projects like Western Gateway. The Q&A section reveals management's confidence in market demand, utilization improvements, and shareholder returns, while addressing concerns about Venezuelan crude and refining outlook. Despite some unclear responses, the overall sentiment remains positive with planned buybacks and growth strategies, suggesting a likely stock price increase in the short term.