Phillips 66 (PSX) is an energy manufacturing and logistics company with midstream, chemicals, refining, and marketing and specialties businesses. The company operates through the four business segments, namely, Midstream, Chemicals, Refining, and Marketing and Specialties.
Currently, Phillips 66 has a Zacks Rank #3 (Hold) but that could change following its fourth quarter 2014 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:
Earnings: Phillips 66 beats on earnings. Earnings per share from continuing operations (excluding special items) came in at $1.63, above the Zacks Consensus Estimate of $1.33.
Revenue: Revenues of $35.61 billion came below the Zacks Consensus Estimate of $43.65 billion.
Key Stats:
The Midstream segment generated adjusted quarterly earnings of $97 million compared with $115 million in the year-ago comparable quarter. The Chemicals segment generated adjusted earnings of $270 million compared with $299 million in the year-ago quarter. The Refining segment generated adjusted earnings of $322 million compared with $558 million in the prior-year quarter. Marketing and Specialties (M&S) earnings were $324 million, up from $259 million in the prior-year comparable quarter.
Check back later for our full write up on this Phillips 66 earnings report later!
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