| PSX |
Report |
Adjusted EPS |
BEAT |
pred ~$3.52 vs. cons $3.33 |
MEDIUM |
| PSX |
Report |
Refining adjusted pre-tax income |
BEAT |
pred ~$1.18bn vs. cons $1.05bn |
MEDIUM |
| PSX |
Report |
Cash flow from operations, excluding working capital |
BEAT |
pred ~$2.05bn vs. cons $1.82bn |
MEDIUM |
| PSX |
Guide |
Worldwide refining market capture |
LOWER |
guide ~94% vs. cons 97% (3Q26) |
MEDIUM |
| PSX |
Guide |
Worldwide crude utilization |
UNCHANGED |
guide ~94% vs. cons 94% (3Q26) |
MEDIUM |
| PSX |
Guide |
Year-end total debt target |
UNCHANGED |
guide ~$19.0bn vs. cons $19.0bn (FY26) |
MEDIUM |
| PSX |
Guide |
Corporate and Other costs |
LOWER |
guide ~$455m vs. cons $440m (3Q26) |
LOW |
| PSX |
Return |
Day-1 residual (stock − beta × S&P 500) |
-1.8% |
— |
MEDIUM |
| PSX |
Return |
5-day cumulative residual |
-3.5% (FADE) |
A reported beat of ~$0.19 per share versus consensus is likely offset by a ~3-point lower 3Q refining-capture framework (94% versus 97%) and higher Corporate costs (~$455m versus ~$440m). The unchanged ~$19.0bn FY26 debt target limits a balance-sheet upside revision, so out-period EPS and free-cash-flow estimates should drift lower after the initially strong 2Q print. |
MEDIUM |