Phillips 66 (NYSE:PSX) Reports Q1 Earnings, Misses EPS Estimates but Beats on Revenue

• Phillips 66 reported an EPS of -$0.90, missing the estimated EPS of -$0.72.
• The company generated a revenue of approximately $31.92 billion, surpassing the estimated $31.70 billion.
• Financial metrics reveal a P/E ratio of approximately 20.64 and a debt-to-equity ratio of about 0.73.

Phillips 66, trading as NYSE:PSX, is a leading integrated downstream energy company. It operates in refining, marketing, and transportation of petroleum products. On April 25, 2025, PSX reported an earnings per share (EPS) of -$0.90, which was below the estimated EPS of -$0.72. Despite this, the company generated a revenue of approximately $31.92 billion, surpassing the estimated $31.70 billion.

The larger-than-expected loss in EPS is attributed to reduced refining margins. Extensive maintenance and turnaround activities across the U.S. refining sector have impacted these margins. This has led to a significant effect on the company's financial performance for the first quarter, as highlighted by Business Wire.

Phillips 66's financial metrics provide insight into its market valuation. The company has a price-to-earnings (P/E) ratio of approximately 20.64, indicating how much investors are willing to pay per dollar of earnings. Its price-to-sales ratio is about 0.30, showing the market's valuation of its sales. The enterprise value to sales ratio is around 0.43, while the enterprise value to operating cash flow ratio is approximately 14.55.

The company's earnings yield stands at about 4.85%, reflecting the return on investment for shareholders. With a debt-to-equity ratio of approximately 0.73, Phillips 66 maintains a moderate level of debt compared to its equity. Additionally, the current ratio of about 1.19 indicates its ability to cover short-term liabilities with short-term assets, showcasing a stable financial position.