Phillips 66 Set to Report Q3 Earnings: Here's What You Need to Know

Phillips 66 PSX is set to report third-quarter 2025 results on Oct. 29, before the opening bell.In the last reported quarter, its adjusted earnings of $2.38 per share beat the Zacks Consensus Estimate of $1.66, primarily attributed to increased refining volumes and higher realized refining margins worldwide.Earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, delivering an average surprise of roughly 19.2%. This is depicted in the graph below:Phillips 66 Price, Consensus and EPS Surprise Phillips 66 price-consensus-eps-surprise-chart | Phillips 66 QuoteEstimate Trend for PSXThe Zacks Consensus Estimate for third-quarter earnings per share of $2.07 hasn’t witnessed any upward revisions in the past seven days. The estimated figure indicates a 1.5% improvement from the prior-year reported number.The Zacks Consensus Estimate for revenues of $29.9 billion indicates a 17.3% decrease from the year-ago recorded figure.Factors to Consider for PSXPer data from the U.S. Energy Information Administration (“EIA”), the average spot prices for Cushing, OK, West Texas Intermediate (WTI) crude for July, August and September were $68.39, $64.86 and $63.96 per barrel, respectively. However, the pricing environment was more favorable in the prior-year months, with average prices of $81.80, $76.68 and $70.24 per barrel, respectively.The softer pricing environment is likely to have aided PSX, since it derives a significant proportion of its earnings from the refining business. From the midstream business, which is generally stable by its very nature, PSX is likely to have generated stable cash flows. Our model predicts a 5.1% year-over-year rise in pre-tax adjusted income from midstream.Earnings WhispersOur proven model does not indicate an earnings beat for PSX this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the chances of an earnings beat. That is not the case here, as you will see below.Earnings ESP: PSX has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.Zacks Rank: PSX currently carries a Zacks Rank #2.Stocks to ConsiderHere are some stocks that you may want to consider, as these have the right combination of elements to post an earnings beat this reporting cycle.BP BP is an integrated energy company. It currently has an Earnings ESP of +1.87% and a Zacks Rank #3. BP is scheduled to release third-quarter 2025 earnings on Nov. 4. The Zacks Consensus Estimate for its earnings is pegged at 72 cents per share.ConocoPhillips COP currently has an Earnings ESP of +0.34% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.COP is set to release third-quarter 2025 earnings on Nov. 6. The Zacks Consensus Estimate for its earnings is pegged at $1.40 per share, indicating a 21.4% decrease from the prior-year reported figure.Antero Midstream Corporation AM currently has an Earnings ESP of +2.46% and a Zacks Rank #3.AM is set to release third-quarter 2025 earnings on Oct. 29. The Zacks Consensus Estimate for its earnings is pegged at 24 cents per share, which indicates an increase of 14.3% from the prior-year reported figure.Zacks Names #1 Semiconductor StockThis under-the-radar company specializes in semiconductor products that titans like NVIDIA don't build. It's uniquely positioned to take advantage of the next growth stage of this market. And it's just beginning to enter the spotlight, which is exactly where you want to be.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $971 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BP p.l.c. (BP): Free Stock Analysis Report ConocoPhillips (COP): Free Stock Analysis Report Antero Midstream Corporation (AM): Free Stock Analysis Report Phillips 66 (PSX): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks