Phillips 66 stock carries a USD 300 UBS target after a Q2 beat

Published on 09/28/2026 at 13:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Phillips 66 stock posted adjusted Q2 2026 EPS of USD 9.41 against USD 7.68 consensus. The company set October 28, 2026, for third-quarter results, while the September 25 close was USD 255.52.

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Phillips 66 (ISIN US7185461040) closed at USD 255.52 on the NYSE on September 25, 2026, down 0.09 percent from the prior close. The stock carries a higher analyst benchmark after MarketScreener reported UBS's September 8, 2026, target increase.

UBS lifts its target to USD 300

UBS raised its Phillips 66 price target from USD 235.00 to USD 300.00 while maintaining a Buy rating, according to MarketScreener on September 8, 2026. The new target stands 17.41 percent above the September 25 closing price, leaving the analyst view materially above the latest NYSE quotation.

Q2 earnings beat consensus

Phillips 66 reported adjusted second-quarter 2026 earnings of USD 9.41 per share, up 295.40 percent from USD 2.38 a year earlier and 22.53 percent above the USD 7.68 consensus estimate, Yahoo Finance reported on September 4, 2026. Revenue and other income increased 56.20 percent to USD 52.04 billion from USD 33.52 billion in the prior-year quarter.

Refining margins drive the result

The earnings mix explains why the analyst target moved higher. Worldwide realized refining margins reached USD 24.08 per barrel in Q2 2026 versus USD 11.25 a year earlier, while refining adjusted pre-tax income rose to USD 3.09 billion from USD 392.00 million, according to Yahoo Finance. Operating cash flow reached USD 7.26 billion for the quarter, giving the margin improvement a direct cash-flow counterpart.

Third-quarter results arrive October 28

Phillips 66 will release third-quarter 2026 results on October 28, 2026, before management hosts a webcast at noon ET, according to the company's September 16, 2026, release published on Phillips 66. That date is the next scheduled test of whether refining profitability can support the valuation implied by the USD 300 target.

Stock stays below its yearly high

Phillips 66's USD 255.52 closing price on September 25, 2026, was 7.79 percent below the USD 277.12 52-week high and 101.60 percent above the USD 126.74 low. Market capitalization stood at USD 102.0 billion, with 3,310,000 shares traded in the session.