M&S — Equity in earnings of affiliates
Phillips 66 M&S — Equity in earnings of affiliates decreased by 2.8% to $35.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 2.8%, from $36.00M to $35.00M. Over 3 years (FY 2022 to FY 2025), M&S — Equity in earnings of affiliates shows a downward trend with a -32.0% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase indicates strong operational performance from joint venture partners, while a decrease signals potential operational challenges or market headwinds at those affiliates.
Detailed definition
This metric captures the company's proportional share of net income from non-consolidated entities, joint ventures, or p...
Peer comparison
Common in integrated energy companies that utilize joint ventures for specialty chemical production.
psx_segment_m_s_equity_in_earnings_of_affiliatesHistorical Data
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $116.00M | $116.00M | $116.00M | $116.00M | $86.25M | $86.25M | $86.25M | $86.25M | $64.00M | $66.00M | $89.00M | $57.00M | $36.00M | $38.00M | $36.00M | $36.00M | $35.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -25.6% | +0.0% | +0.0% | +0.0% | -25.8% | +3.1% | +34.8% | -36.0% | -36.8% | +5.6% | -5.3% | +0.0% | -2.8% |
| YoY Change | — | — | — | — | -25.6% | -25.6% | -25.6% | -25.6% | -25.8% | -23.5% | +3.2% | -33.9% | -43.8% | -42.4% | -59.6% | -36.8% | -2.8% |
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Frequently Asked Questions
- What is Phillips 66's m&s — equity in earnings of affiliates?
- Phillips 66 (PSX) reported m&s — equity in earnings of affiliates of $35.00M in Q1 2026.
- How has Phillips 66's m&s — equity in earnings of affiliates changed year-over-year?
- Phillips 66's m&s — equity in earnings of affiliates decreased by 2.8% year-over-year, from $36.00M to $35.00M.
- What is the long-term trend for Phillips 66's m&s — equity in earnings of affiliates?
- Over 3 years (2022 to 2025), Phillips 66's m&s — equity in earnings of affiliates has grown at a -32.0% compound annual growth rate (CAGR), from $464.00M to $146.00M.
- What does m&s — equity in earnings of affiliates mean?
- The company's share of profits from joint ventures and partnerships within the Marketing & Specialties segment.