Phillips 66 stock falls 1.90 percent as earnings beat estimates
Published on 09/23/2026 at 15:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Phillips 66 (US7185461040) stock closed at USD 256.78 on the NYSE on September 23, 2026, down USD 4.97, or 1.90 percent. The move came despite quarterly earnings of USD 9.41 per share, which exceeded the USD 7.50 consensus estimate for the quarter ended June 30, 2026.
Quarterly earnings beat estimates
According to MarketBeat on September 22, 2026, Phillips 66 reported USD 9.41 earnings per share for the second quarter of fiscal 2026, compared with analyst expectations of USD 7.50. The USD 1.91 positive difference provides the clearest quantified comparison in the latest reported figures.
Revenue for the same quarter reached USD 52.04 billion, versus a consensus estimate of USD 43.60 billion, according to MarketBeat on September 22, 2026. Yahoo Finance lists second-quarter fiscal 2026 revenue of USD 52.04 billion, earnings of USD 3.85 billion and a profit margin of 7.39 percent.
Stock remains near yearly high
The September 23, 2026 closing price stood below the 52-week high of USD 277.12 and above the 52-week low of USD 126.74. The reference market value was USD 104.69 billion, while the September 22 trading volume was 1,830,203 shares, according to the latest NYSE market snapshot.
For investors, the valuation signal is more balanced than the earnings surprise alone. Phillips 66 traded at a price-to-earnings ratio of 14.94, with a 50-day moving average of USD 232.33 and a 200-day moving average of USD 194.34 as of the September 22 market snapshot. The closing price on September 23 was therefore USD 24.45 above the 50-day average.
Analyst targets point higher
According to MarketBeat, UBS raised its Phillips 66 price target from USD 235.00 to USD 300.00 and assigned a Buy rating on September 8, 2026. Raymond James raised its target from USD 240.00 to USD 300.00 and assigned an Outperform rating on September 14, 2026.
The estimates are not uniformly bullish. Piper Sandler raised its target from USD 209.00 to USD 264.00 but kept a Neutral rating on September 3, 2026, while the reported average analyst target was USD 241.56. The difference between that average and the September 23 closing price shows why the earnings beat has not translated into a simple valuation signal.
Price closes at USD 256.78
Phillips 66 stock closed at USD 256.78 on the NYSE on September 23, 2026, after the daily decline of 1.90 percent. Its latest reported second-quarter fiscal 2026 EPS of USD 9.41 and revenue of USD 52.04 billion remain the key operating figures behind the current market assessment.
Phillips 66 stock at a glance
- Company: Phillips 66 Company
- ISIN: US7185461040
- Ticker: PSX
- Trading venue: NYSE
- Price as of September 23, 2026: USD 256.78
- Market capitalization: USD 104.69 billion as of September 22, 2026
- Sector / Industry: Energy / Oil, Gas and Consumable Fuels
- Index membership: S&P 500
