Reasons Why PSX's Midstream Portfolio Offsets Elevated Crude Prices
Phillips 66 (PSX) is strategically positioned to benefit from anticipated lower crude oil prices due to its refining business model, which allows it to purchase raw materials cheaply. To mitigate crude price volatility, PSX has significantly expanded its midstream segment, which provides stable, fee-based revenues and predictable cash flows. This robust midstream footprint gives PSX an advantage over competitors like PBF Energy in navigating high crude price environments.
USA Compression Q4 Earnings Match Estimates, Revenues Rise Y/Y
USA Compression Partners reported fourth-quarter adjusted net profit of 28 cents per common unit, matching analyst estimates and increasing from the prior year. Revenues rose 2.7% year-over-year to $252.5 million, surpassing consensus estimates. The company also provided its full-year 2026 guidance, expecting adjusted EBITDA between $770 million and $800 million.
Phillips 66, Citgo seek to buy crude directly from Venezuela - Reuters (PSX:NYSE)
U.S. refiners Phillips 66 and Citgo Petroleum are reportedly looking to purchase heavy crude directly from Venezuela's state oil company, PDVSA, starting in April. This move aims to maximize profits by circumventing intermediary purchases through Chevron or other trading houses. The report suggests a shift in procurement strategy for these refiners.
Gasoline prices jump as oil spikes on Iran risk — RBOB futures, UGA ETF climb
Gasoline futures and oil prices significantly increased due to heightened geopolitical supply risks, particularly concerning Iran. RBOB gasoline futures rose by 2.5% to near $1.96 per gallon, while Brent and WTI crude oil prices climbed over 3%. Traders are closely monitoring upcoming API and EIA inventory data, as well as geopolitical developments, which are currently driving market volatility despite stable retail gasoline prices.
Phillips 66 Dividend Increase And New California Fuel Supply Approach
Phillips 66 (NYSE:PSX) has increased its quarterly dividend and is reshaping its California fuel supply strategy after closing its Los Angeles refinery. The company will now lease storage tanks in the Bahamas and import gasoline into California, shifting from local production to a logistics and trading-based model for that market. This move signals management's confidence in financial performance and cash generation, but also introduces new logistical risks and potential impacts on margins.
Green Plains Leans On CCS Tax Credits To Rework Earnings And Debt
Green Plains Inc. is pivoting its business strategy by leveraging Carbon Capture and Sequestration (CCS) operations and 45Z production tax credits to enhance earnings and shift towards lower carbon intensity products. This move, alongside asset sales and debt restructuring, aims to improve the company's financial flexibility and balance sheet, especially after reporting a net loss of US$121.28 million last year. Investors are advised to monitor the contribution of these policy-driven benefits to Green Plains's profitability and its overall shift to higher-value products amidst ongoing market pressures.
Gasoline prices today: UGA ETF ticks up even as RBOB slips on U.S.-Iran talk hopes
Gasoline prices and crude oil moved in opposite directions due to hopes of progress in U.S.-Iran nuclear negotiations. While the U.S. Gasoline Fund (UGA) saw a slight increase, RBOB gasoline slipped, and crude oil prices fell to a two-week low. The market is closely watching refiner margins and geopolitical developments, which continue to influence energy prices despite potential diplomatic advancements.
AECOM and Tractor Supply have been highlighted as Zacks Bull and Bear of the Day
AECOM (ACM) has been named Zacks' Bull of the Day due to raised full-year earnings guidance, a record backlog, and strong expected growth for 2026 and 2027 despite a recent earnings miss. Conversely, Tractor Supply Company (TSCO) is the Bear of the Day, facing pressures on rural consumer spending, which led to lower-than-expected earnings and disappointing guidance for fiscal 2026. The article also touches on the benefits for refining companies like Phillips 66 (PSX), Valero Energy Corp. (VLO), and Par Pacific Holdings Inc. (PARR) from a softer crude pricing environment.
AECOM and Tractor Supply have been highlighted as Zacks Bull and Bear of the Day
AECOM (ACM) has been named Zacks' Bull of the Day due to its record backlog, raised earnings guidance for fiscal 2026 and 2027, and an attractive valuation despite a recent earnings miss. Conversely, Tractor Supply Company (TSCO) is the Bear of the Day, facing pressures on the rural consumer leading to a missed earnings estimate, disappointing fiscal 2026 guidance, and analysts cutting future earnings expectations, placing it as a Zacks Rank #5 (Strong Sell). The article also briefly discusses Phillips 66 (PSX), Valero Energy Corp. (VLO), and Par Pacific Holdings Inc. (PARR) as refiners likely to benefit from lower crude oil prices.
Phillips 66 Stock: Buy at a Premium or Wait for a Better Entry Point?
Phillips 66 (PSX) stock is currently trading at a premium compared to its industry peers, prompting the question of whether its higher valuation is justified. The company is expected to benefit from softer crude oil prices due to its refining business and possesses a diversified business model with significant investments in both refining and midstream operations. Despite these positives, PSX has underperformed the industry in stock performance over the past year and carries an elevated debt-to-capital ratio, leading to a recommendation to hold rather than buy at its current valuation.
Phillips 66 Stock: Buy at a Premium or Wait for a Better Entry Point?
Phillips 66 (PSX) is currently trading at a premium valuation compared to its industry peers, with an EV/EBITDA multiple of 13.25x against an industry average of 5.13x. Despite its diversified business model in refining, midstream, and chemicals, and potential benefits from softer crude oil prices, the stock has underperformed the industry over the past year. Elevated net debt levels also suggest investors should be cautious, prompting a "Hold" recommendation rather than an immediate purchase.
Phillips 66 Stock: Buy at a Premium or Wait for a Better Entry Point?
Phillips 66 (PSX) is currently trading at a premium valuation compared to its industry peers, with a trailing 12-month EV/EBITDA multiple of 13.25x. While the company's refining segment is expected to benefit from softer crude oil prices and its diversified business model offers stability, PSX has underperformed the industry in terms of stock price appreciation over the past year. Analysts suggest that investors should not rush into the "overvalued" stock, despite its positive attributes.
HF Sinclair (DINO) Valuation Check As Industrial Oils Unlimited Acquisition And 52 Week High Draw Attention
HF Sinclair (DINO) is drawing attention after completing its acquisition of Industrial Oils Unlimited, expanding its lubricants footprint, and reaching a new 52-week high. While a "narrative fair value" suggests the stock is 40.6% undervalued, an earnings-based view indicates it might be expensive with a P/E of 27.5x compared to industry averages and forecasted revenue decline despite expected earnings growth. Investors are encouraged to consider both perspectives and HF Sinclair's key risks.
Suncor Energy’s Stock Tests Investor Patience As Oil Tailwinds Meet Market Skepticism
Suncor Energy's stock has recently drifted lower despite strong oil prices, prompting questions about its future trajectory. While the company demonstrates solid fundamentals, robust cash flow, and reliable operations, market skepticism persists regarding long-term growth and its exposure to oil sands in a decarbonizing world. Analyst ratings lean cautiously constructive, acknowledging the steady income potential but noting it's not a high-growth investment.
How Investors Are Reacting To Phillips 66 (PSX) Dividend Hike After Strong Q4 Earnings
Phillips 66 (PSX) reported strong fourth-quarter 2025 earnings with US$36,333 million in revenue and US$2,906 million in net income, leading to a 5.8% dividend increase to US$1.27 per share. This hike is supported by improved performance and portfolio changes, reinforcing the company's commitment to shareholder payouts. However, the investment narrative still includes risks like refinery turnarounds and the planned Los Angeles refinery closure, which could impact future earnings.
GF Fund Management CO. LTD. Has $14.16 Million Stock Position in Marathon Petroleum Corporation $MPC
GF Fund Management CO. LTD. increased its stake in Marathon Petroleum Corporation by 8.7% to 73,448 shares, valued at approximately $14.16 million. Marathon Petroleum beat earnings expectations with an EPS of $4.07 and revenue of $35.10 billion, and recently declared a quarterly dividend of $1.00 per share. Institutional ownership of Marathon Petroleum stands at 76.77%, with several other funds also adjusting their positions in the company.
Phillips 66 (PSX) Ascends While Market Falls: Some Facts to Note
Phillips 66 (PSX) saw a 1.76% gain in its stock price, outperforming the S&P 500's daily loss. This performance comes as the company prepares for its next earnings report, with analysts adjusting their expectations. The article highlights recent price movements, the company's valuation metrics, and institutional ownership trends.
Exclusive: US refiner Valero to import up to 6.5 million barrels of Venezuelan crude in March, sources say
Valero Energy is projected to become the leading foreign refiner of Venezuelan crude, planning to import up to 6.5 million barrels in March for its Gulf Coast refineries. This move follows the easing of U.S. sanctions after a $2 billion oil supply deal with Venezuela's interim government. Valero's potential March imports, primarily sourced from Chevron and trading houses like Trafigura, could surpass Chevron's current volumes and mark Valero's largest processing of Venezuelan oil since 2019 sanctions.
Costco "Hot Fuel" Settlement Approved
Costco Wholesale Corp. has agreed to a settlement in a "hot fuel" lawsuit, requiring them to convert gasoline pumps in certain states over the next five years to automatically compensate for fuel expansion due to temperature changes. While Costco will not pay a monetary settlement, plaintiffs' lawyers have requested $10 million in attorney fees. Other major companies like BP, ConocoPhillips, and Shell have also reached similar settlement agreements.
Phillips 66 Reshapes Portfolio With Record 2025 Results And Higher Dividend
Phillips 66 (NYSE:PSX) announced record operational performance in 2025, driven by high natural gas volumes and significant portfolio restructuring including the sale of its European retail business and full acquisition of WRB. The company increased its quarterly dividend by 5.8% to US$1.27 per share, supported by a net income of US$4.4 billion for 2025. This strategic realignment and increased payout signal management's confidence in strong current cash generation and a resilient earnings mix.
Valero Energy Poised to Acquire Venezuelan Crude
Valero Energy (VLO) is anticipated to purchase up to 6.5 million barrels of Venezuelan crude in March, potentially positioning the company as the largest foreign refiner of Venezuelan oil since the U.S. sanctions on President Maduro. This acquisition, coupled with increased refining capacity at its Port Arthur refinery and expected supply from Chevron (CVX), could allow Valero to surpass Chevron as the top U.S. refiner of Venezuelan crude, solidifying its market leadership in heavy oil.
Exclusive-US refiner Valero to import up to 6.5 million barrels of Venezuelan crude in March, sources say By Reuters
Valero Energy is set to become the top foreign refiner of Venezuelan oil after the U.S. captured President Nicolas Maduro, planning to import up to 6.5 million barrels in March for its Gulf Coast refineries. This would be the largest volume Valero has processed since U.S. sanctions were imposed in 2019, with most of the supply expected to come from Chevron. The move follows the easing of U.S. sanctions and a new oil supply deal, signaling a significant ramp-up in Venezuelan oil production and exports.
Williams Companies Q4 Earnings Miss Estimates, Revenues Beat
Williams Companies (WMB) reported Q4 2025 adjusted earnings of 55 cents per share, missing the Zacks Consensus Estimate of 58 cents due to increased costs and weak performance in certain segments. Despite the earnings miss, revenues for the quarter beat estimates at $3.2 billion, an increase from the previous year, driven by higher service revenues and product sales. The company provided optimistic 2026 guidance, including an expected adjusted EBITDA between $8.05 billion and $8.35 billion, and announced a 5% increase in its annual dividend.
TD SYNNEX (SNX) outlines 2026 board elections, pay vote and new meeting rights
TD SYNNEX has announced the agenda for its 2026 annual meeting, which includes the election of ten directors, an advisory vote on executive compensation, and the ratification of KPMG LLP as the independent auditor. The company is also proposing an amendment to its Charter to allow stockholders owning at least 25% of common stock to call a special meeting. The proxy statement emphasizes the board's independence and diversity, performance-based executive pay, and progress in corporate citizenship, including significant reductions in greenhouse gas emissions.
Darling Ingredients Inc. (NYSE:DAR) Q4 2025 Earnings Call Transcript
Darling Ingredients Inc. (NYSE:DAR) reported strong Q4 and fiscal year 2025 results, with EBITDA growth and sequential gross margin improvement, despite challenges in the renewables policy and global trade. The company's combined adjusted EBITDA for Q4 was $336.1 million, driven by strong performance in its global ingredients business and the Diamond Green Diesel (DGD) segment. Darling Ingredients also announced a strategic acquisition of three rendering facilities in Brazil and discussed its optimistic outlook for 2026, anticipating improved margins and a positive impact from evolving public policies in renewable fuels.
ARKO Petroleum, Wholesale Fuel Distributor and Fleet Fueling Operator, Files for Nasdaq Capital Market IPO
ARKO Petroleum, a major wholesale fuel distributor and fleet fueling operator, has filed for an IPO on the Nasdaq Capital Market under the ticker APC. The company plans to offer 11,111,111 Class A shares at $18.00 each, with proceeds primarily intended to repay debt and for general corporate purposes. ARKO Petroleum emphasizes its growth strategy through organic recruitment, new cardlock locations, converting retail sites to dealer sites, and pursuing accretive M&A in the fragmented fuel distribution market.
Marathon Petroleum stock drops 5% ahead of CPI as oil slide rattles refiners
Marathon Petroleum's stock dropped 5.1% after hitting a 52-week high, influenced by a slide in oil prices and broader market caution ahead of the US CPI report. Other energy companies also saw declines, though some analysts remain positive on refining margins due to global capacity limits. The upcoming CPI report and fuel inventory numbers are key factors for market direction and refiner profitability.
Worker dies from injuries in Valero refinery fire in Oklahoma
A worker has died from injuries sustained in a fire at Valero Energy's Ardmore oil refinery in Oklahoma. The incident, which occurred during maintenance, involved an employee of contractor UPS Industrial Services, who later succumbed to his injuries after being airlifted to a burn unit. An investigation into the cause of the fire is active.
Assessing Phillips 66 (PSX) Valuation After Recent Share Price Momentum
Phillips 66 (PSX) has shown mixed short-term stock performance but stronger returns over the past month and year. Despite trading slightly above analyst targets, an internal model suggests the stock is undervalued, with a fair value of $268.71 compared to its recent close of $156.26. This assessment is based on factors like its industry position, operational efficiency, growth initiatives, and financial performance, suggesting potential for higher profit margins if strategic assumptions hold true.
Top Research Reports for Alphabet, Caterpillar & T-Mobile
This article highlights top research reports from Zacks Equity Research for February 12, 2026, featuring analyses of major stocks like Alphabet (GOOGL), Caterpillar (CAT), and T-Mobile (TMUS), along with microcap Onfolio Holdings (ONFO). It details the financial performance and future prospects of each company, noting strengths such as Alphabet's AI growth and Google Cloud backlog, Caterpillar's record backlog and segment growth, and T-Mobile's postpaid customer additions, while also acknowledging challenges like competition and market saturation.
Murphy USA Q4 Earnings Beat Estimates as Fuel Margins Rise
Murphy USA Inc. reported adjusted earnings per share of $7.53 for Q4 2025, surpassing the Zacks Consensus Estimate and showing an increase from the previous year. This outperformance was largely driven by higher merchandise results and an 8.9% rise in total fuel contribution. The company also provided 2026 guidance, forecasting continued unit growth and profitability with plans to open 45-55 new stores.
Murphy USA Q4 Earnings Beat Estimates as Fuel Margins Rise
Murphy USA Inc. reported better-than-expected adjusted earnings per share of $7.53 in Q4 2025, surpassing the Zacks Consensus Estimate of $6.67, driven by strong merchandise results and increased fuel contribution. Despite a slight miss on operating revenues, total fuel contribution and retail gallons saw significant year-over-year increases. The company also provided a positive 2026 guidance, projecting continued unit growth and profitability.
Why Green Plains (GPRE) Is Up 19.6% After Returning To Profit On Lower Sales - And What's Next
Green Plains Inc. (GPRE) saw its stock rise by 19.6% after reporting a return to profitability in Q4 2025, with net income of US$11.94 million despite lower sales of US$428.85 million. This turnaround, attributed to cost controls and operational efficiencies, contrasts with a full-year net loss of US$121.28 million. The company's investment narrative centers on its transition to a low-carbon platform, but it faces challenges from margin volatility, high debt, and policy risks related to carbon credits.
Zacks Industry Outlook Highlights Phillips 66, Marathon Petroleum and Valero Energy
The Zacks Oil and Gas - Refining & Marketing industry, despite inherent volatility and a bearish near-term outlook, has outperformed broader energy and the S&P 500 over the past year. Factors such as operational flexibility and export linkages offer resilience, though cost inflation and regulatory pressures remain challenges. The article highlights Phillips 66, Marathon Petroleum, and Valero Energy as investment opportunities due to their strong fundamentals and growth prospects within this sector.
Zacks Industry Outlook Highlights Phillips 66, Marathon Petroleum and Valero Energy
The Zacks Oil and Gas - Refining & Marketing industry, despite being volatile and facing challenges like cost inflation and regulatory pressures, has outperformed the broader energy sector and the S&P 500. While the industry has a bearish near-term outlook, companies like Phillips 66, Marathon Petroleum, and Valero Energy are highlighted as investment opportunities due to their strong fundamentals and growth prospects. These companies demonstrate operational flexibility and provide shareholder returns, making them resilient in a dynamic market.
Cheap Crude Delivers Big Earnings for US Refiners
U.S. refiners Marathon Petroleum, Valero Energy Corp., and Phillips 66 reported strong fourth-quarter earnings, exceeding estimates due to an abundance of cheap crude oil. The refining industry is benefiting from global fuel demand rising faster than new refining capacity, allowing them to purchase less expensive feedstock and sell finished fuels at higher prices. Executives anticipate continued profitability in 2026 and beyond, with strong margins and growing demand, particularly boosted by access to cheaper heavy crudes like those from Venezuela.
Phillips 66 (PSX) Reports Strong Results for Q4
Phillips 66 (PSX) reported strong Q4 2025 results, with adjusted EPS beating expectations and revenue up 7% year-over-year. The company's refining segment saw a significant rebound, with realized margins more than doubling and high crude capacity utilization. This performance led to reduced debt and positive attention from analysts, who raised their price targets for the stock.
Valero Energy (VLO) Posts Impressive Q4 Results Following Rebound in Margins
Valero Energy Corporation (NYSE:VLO) reported strong Q4 2025 results, with adjusted earnings of $3.82 per share and revenue of $30.37 billion, surpassing estimates due to a significant rebound in refining margins and higher throughput volumes. The company is well-positioned to process heavier crude, including from Venezuela, and has seen multiple analysts raise their price targets following the earnings beat.
Concerns Surrounding Phillips 66's (NYSE:PSX) Performance
Despite a solid earnings report that boosted Phillips 66's stock price, an analysis by Simply Wall St identified a significant portion of the profit stemming from a US$960m gain due to unusual items. This non-recurring factor suggests that the company's underlying earnings power might be less than its reported statutory profit. Shareholders are advised to consider that future profits may drop if this contribution does not repeat.
CVR Energy’s US$1 Billion Refinancing Could Be A Game Changer For CVR Energy (CVI)
CVR Energy recently completed a US$1 billion private placement of senior unsecured notes to refinance existing debt, aiming to reshape its capital structure and extend debt maturities. While this move improves the company's debt profile, the article emphasizes that it doesn't change near-term operational catalysts or key risks, such as weak margins and rising compliance costs. The refinancing is linked to past investments in the Coffeyville turnaround, which are expected to yield improved operational performance through 2027.
Marathon Petroleum (MPC) Beats Forecasts in Q4 Results
Marathon Petroleum (MPC) reported strong Q4 2025 results, with adjusted earnings of $4.07 per share and revenue of $33.42 billion, significantly beating analyst forecasts. The company's refining margin surged by over 44% year-over-year, and it operated its refineries at approximately 95% capacity. Several analysts subsequently raised their price targets for MPC, maintaining 'Buy' ratings.
Valero Energy (VLO) Posts Impressive Q4 Results Following Rebound in Margins
Valero Energy (NYSE: VLO) reported strong Q4 2025 results, with adjusted earnings and revenue surpassing estimates due to a significant rebound in refining margins and higher throughput volume. The company's share price surged, and analysts from UBS, Citi, Morgan Stanley, and Piper Sandler raised their price targets. Valero is also strategically positioned to benefit from increased processing of heavier crude, such as from Venezuela.
Zacks Industry Outlook Highlights Phillips 66, Marathon Petroleum and Valero Energy
The Zacks Oil and Gas - Refining & Marketing industry plays a crucial role in converting crude into various fuels and products, but faces high volatility due to changing margins, demand patterns, and environmental regulations. Despite a bearish outlook, the industry has outperformed the broader energy sector and S&P 500 over the past year. Companies like Phillips 66, Marathon Petroleum, and Valero Energy are highlighted as potential investment opportunities due to their operational flexibility, strong export linkages, and favorable projected earnings growth.
W&T Offshore (WTI) Just Flashed Golden Cross Signal: Do You Buy?
W&T Offshore (WTI) has recently displayed a "golden cross" technical signal, where its 50-day simple moving average crossed above its 200-day simple moving average, indicating a potential bullish breakout. This, coupled with a 47.9% price increase over the last four weeks and positive earnings estimate revisions, suggests the stock could be poised for further growth. Investors are encouraged to consider adding WTI to their watchlist due to these strong technical and fundamental indicators.
Phillips 66 Rose 11% This Week. Here’s Where the Stock Could Be Headed in 2026
Phillips 66 stock increased 11% this week, ending near $158 per share, driven by strong Q4 2025 earnings and renewed investor confidence in its cash flow durability. The company reported $2.9 billion in earnings and emphasized operational execution, record clean product yields in refining, and strong NGL transportation volumes in Midstream. Analysts have raised price targets, and a valuation model suggests the stock is undervalued with a target price of $185, representing a 17% upside over three years.
Will Par Petroleum (PARR) Beat Estimates Again in Its Next Earnings Report?
Par Petroleum (PARR) is expected to continue its streak of beating earnings estimates, according to Zacks Equity Research. The company, which is in the Oil and Gas - Refining and Marketing industry, has a positive Earnings ESP of +0.42% and a Zacks Rank #3 (Hold). This combination suggests a high probability of an earnings beat in its upcoming report, scheduled for February 24, 2026.
Fire hits Valero refinery in Oklahoma, five taken to hospital, KXII reports
A fire occurred at Valero's 86,000 barrels-per-day Ardmore refinery in Oklahoma on Monday, resulting in five people being hospitalized. KXII and other media sources reported that the fire has since been extinguished, citing a statement from the company. Valero was not immediately available for further comment on the incident.
Valero Energy Stock: Is Wall Street Bullish or Bearish?
Valero Energy Corporation (VLO) has seen its stock significantly outperform the broader market and the energy sector over the past year, with a 51.7% increase compared to the S&P 500's 14.9% rally. Despite a marginal dip after Q4 2025 earnings due to softer full-year profitability and segment weakness, analysts maintain a "Moderate Buy" rating, expecting a 15.8% EPS growth for fiscal year 2026. The stock is currently trading above its mean price target, with a high target suggesting further upside.
Phillips 66 To Lay Off 277 Workers As LA Refinery Winds Down
Energy company Phillips 66 is set to lay off 277 employees as it phases out operations at its Los Angeles refinery, reflecting a shift in business strategy. The job cuts affect refinery operators and support staff, with the company offering transition support and severance. This move is part of broader industry trends where refining assets face pressure from changing demand, renewable energy adoption, and evolving regulations.
Is There An Opportunity With Valero Energy Corporation's (NYSE:VLO) 42% Undervaluation?
Simply Wall St's analysis suggests Valero Energy Corporation (NYSE:VLO) is undervalued by approximately 42%, with a projected fair value of US$350 compared to its current share price of US$203. This valuation is based on a 2-stage Discounted Cash Flow (DCF) model that forecasts future cash flows and discounts them to today's value. The report details the methodology, key assumptions, forecasted cash flows, and notes that the analyst price target of US$198 is significantly lower than their intrinsic value estimate.
