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Analyst
Justin Jenkins
Period: Reporting periods mapped to calendar 2025 Q3 – 2026 Q2 (4 quarters; questions recorded in 2).
- Questions
- 3on tracked calls
- Challenge rate
- 0%none of 3 questionsLimited sample
- Companies
- 1questioned at least once
- Reporting periods
- 2with questions
These figures cover the whole profile: every tracked question, all reporting periods.
How to read these numbers
Challenge rate is the share of questions that pushed back, pressed for specifics or questioned management’s assumptions. It describes how questions were asked on the calls tracked here; it does not measure whether any view turned out to be right.
Rounding. Rates are rounded to whole percentages, so a small share can show as 0% even when some questions were challenging. The count beside each rate is exact; “none of N questions” means no question was challenging.
No questions recorded. “—” means there is nothing to calculate: no questions were recorded for that period on the calls tracked here. It does not mean there was no activity.
Fewer than 3 questions. A company-level rate is withheld when fewer than 3 questions were recorded for that company; the questions are still counted everywhere else.
Small samples. Profiles with fewer than 10 questions are marked Limited sample.
Reporting periods. Questions are grouped by the calendar quarter each company’s fiscal reporting period maps to, not by the date of the call. Periods without a calendar mapping are listed separately under their fiscal label.
Questions asked
Grouped by company, most questions first. Open a company to read its questions, newest reporting period first.
Showing 3 of 3 questions from 1 company
PSXPhillips 663 questions · 2 reporting periods · 0 of 3 challenging
Calendar 2026 Q2
how much more running room do we have with both self-help and maybe some quick hit projects in Refining
Show response
Rich detailed molecule management, an operational reorganization, and many high-return low-capital projects (Humber low-sulfur gasoline, Ferndale jet) driving capture.
Calendar 2025 Q3
maybe I'd ask if you could give your thoughts on the bridge to that $17 billion debt target by '27?
Show response
Kevin laid out math: $8B OCF → $4B to shareholders, $2-2.5B CapEx, leaving $1.5-2B/year for debt reduction. Q4 working capital benefit ~$1.5B. Jet proceeds offset WRB acquisition. Doesn't include additional noncore dispositions.
your overall expectation on how cracks play out and crude diff play out into 2026?
Show response
Brian expects WCS widening from additional OPEC crude, Canadian production increases (250K bpd Q3, 100K+ Q4), and winter diluent blending. WCS curve off another dollar in 2026 vs Q4. Beneficial for PSX as large WCS user.
Challenge rate by company
Every company this analyst questioned, most questions first. A company-level rate is shown from 3 questions; below that it is withheld.
| Company | Questions | Challenge rate |
|---|---|---|
| PSX Phillips 66 | 3 | 0%none of 3 questions |
- PSXPhillips 66 · 3 questions0%none of 3 questions
Activity by reporting period
Questions recorded for each calendar quarter that companies’ reporting periods map to (not the call date), with the challenge rate for that period. Periods inside the range with no questions are shown as “No questions recorded”.
| Calendar period | Questions | Challenge rate | Companies |
|---|---|---|---|
| 2025 Q3 | 2 | 0%none of 2 questions | 1 |
| 2025 Q4 | No questions recorded | — | — |
| 2026 Q1 | No questions recorded | — | — |
| 2026 Q2 | 1 | 0%none of 1 question | 1 |
- 2025 Q32 questions · challenge rate 0% (none of 2 questions) · 1 company
- 2025 Q4No questions recorded
- 2026 Q1No questions recorded
- 2026 Q21 question · challenge rate 0% (none of 1 question) · 1 company
Topics
Topics tagged on this analyst’s questions.
- Margin1
- Cost Pressure1
- Capital Allocation1
- Pricing1
- Demand1