Phillips 66 (NYSE:PSX) Full Year 2024 Results
Key Financial Results
- Revenue: US$143.2b (down 2.9% from FY 2023).
- Net income: US$2.11b (down 70% from FY 2023).
- Profit margin: 1.5% (down from 4.8% in FY 2023).
- EPS: US$5.02 (down from US$15.56 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Phillips 66 EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 22%.
The primary driver behind last 12 months revenue was the Marketing and Specialties segment contributing a total revenue of US$92.4b (65% of total revenue). Notably, cost of sales worth US$130.0b amounted to 91% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$8.71b (76% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$309.0m. Explore how PSX's revenue and expenses shape its earnings.
Looking ahead, revenue is expected to decline by 4.5% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to grow by 4.5%.
Performance of the American Oil and Gas industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You still need to take note of risks, for example - Phillips 66 has 2 warning signs (and 1 which shouldn't be ignored) we think you should know about.
Valuation is complex, but we're here to simplify it.
Discover if Phillips 66 might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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