Recap: Phillips 66 Q1 Earnings

Shares of Phillips 66 PSX fell 3% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share were up 155.00% over the past year to $1.02, which beat the estimate of $0.61.

Revenue of $21,244,000,000 lower by 10.20% from the same period last year, which beat the estimate of $19,630,000,000.

Looking Ahead

Phillips 66 hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: May 01, 2020

Webcast URL: https://investor.phillips66.com/events-and-presentations/event-details/2020/-Phillips-66-to-host-First-Quarter-Earnings-Conference-Call/default.aspx

Recent Stock Performance

52-week high: $119.92

52-week low: $40.04

Price action over last quarter: down 18.41%

Company Profile

Phillips 66 is an independent refiner with 13 refineries that have a total throughput capacity of 2.1 million barrels per day. Its DCP Midstream joint venture holds 61 natural gas processing facilities, 12 natural gas liquids fractionation plants, and a natural gas pipeline system with 64,000 miles of pipeline. Its CPChem chemical joint venture operates facilities in the United States and the Middle East and primarily produces olefins and polyolefins. Phillips 66 also holds a 75% interest in Phillips 66 Partners after exchanging its GP IDR interest for LP units.