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Phillips 66 PSX Chemicals — Equity in earnings of affiliates

Other segment segments

Midstream
$103M-6.4%
M&S
$36M
Refining
$0+100%
Renewable Fuels
$0+100%

Similar metrics at other companies

Cabot Corporation logo
CBTPerformance Chemicals — Income Loss From Equity Method Investments
$1M0.0%
ConocoPhillips logo
COPCorporate — Equity in earnings of affiliates
-$12M-233%
Silgan Holdings logo
SLGNEquity in earnings of affiliates, net of tax
$1.2M+3.1%
Penske Automotive Group logo
PAGOther — Equity in earnings of affiliates
$0
KBR logo
KBRCorporate — Equity in earnings of unconsolidated affiliates
$0
Air Products and Chemicals logo
APDCorporate And Other — Equity affiliates' income
$800K-83.0%

Other financials

Income statement

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Revenue$32.5B+6.9%
Gross profit$3.3B+20.0%
Net income$207.0M-57.5%
EPS (diluted)$0.51-56.8%

Balance sheet

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Cash & equivalents$5.2B+246%
Total debt$21.7B+0.7%
Total equity$28.5B+4.6%
Total assets$84.1B+17.0%

Cash flow

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Operating cash flow-$2.3B-1,311%

Valuation

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Market cap$67.61B+35.5%
P/E16.4×-10.5×
P/S0.5×+0.1×

Profitability

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Gross margin12.5%+3.4pp
Net margin3.1%+1.7pp

Returns & leverage

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Return on equity14.8%+8.3pp
Debt / equity0.7×0.0×
Current ratio1.1×-0.1×

Where this comes from

Reported directly by Phillips 66 in its filing.

Tagged under the XBRL concept us-gaap:IncomeLossFromEquityMethodInvestments.

The official record: Phillips 66’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Phillips 66's chemicals — equity in earnings of affiliates?
Phillips 66 (PSX) reported chemicals — equity in earnings of affiliates of $114M in Q1 2026.
How has Phillips 66's chemicals — equity in earnings of affiliates changed year-over-year?
Phillips 66's chemicals — equity in earnings of affiliates increased by 0.9% year-over-year, from $113M to $114M.
What is the long-term trend for Phillips 66's chemicals — equity in earnings of affiliates?
Over 4 years (2021 to 2025), Phillips 66's chemicals — equity in earnings of affiliates has grown at a -35.9% compound annual growth rate (CAGR), from $1.83B to $309M.
What does chemicals — equity in earnings of affiliates mean?
The company's proportional share of the net income generated by chemical-related joint ventures or non-consolidated affiliates. This reflects the profitability of chemical operations where the company holds a significant influence but not full control.