Phillips 66 (PSX) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Adjusted EPS
- $9.41
- Estimate
- $7.50
- Surprise
- +25.4%
- Revenue (period 2026-06-30)
- $51.00B
- Score today
- 5.9/10
Revenue source: xbrl.
How the report landed
Phillips 66 (PSX) beat the $7.50 estimate with adjusted EPS of $9.41 — a large 25.4% upside surprise.
Where TrendMatrix's rating stands now
TrendMatrix currently rates PSX Hold at 5.9/10; no pre/post engine snapshot brackets this report.
4 of the last 4 quarters beat the estimate; this quarter's +25.4% surprise compares with a +70.7% four-quarter average. Next scheduled report: 2026-10-28.
What supports the rating
- Sector modifier (Energy): +1.2
- Strong earnings beat streak (4/4)
What argues against it
- Analyst target reached - limited upside remaining
- V7 low-quality RISK_OFF penalty: -0.5 (Q=4.7)
- Negative momentum
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $256.74
- Price target
- $271.58
- Stop
- $238.77
- Upside to target
- +5.8%
The stock trades at 14.7× trailing but 10.3× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-09-24 — shown for context, not personalized investment advice.
PSX at TrendMatrix's latest read
Energy results are commodity-price arithmetic first; the operational beat or miss is read net of what the strip already told the market.
- Industry
- Oil & Gas Refining & Marketing
- Market cap
- $102.83B
- P/E (fwd)
- 10.3
- P/E (ttm)
- 14.7
- 52-week range
- $126.74–$277.12
- Off 52-week high
- 7.4%
- RSI (14)
- 52
- Volume vs avg
- 0.54×
- Score today
- 5.9/10