Phillips 66 PSX M&S — Equity in earnings of affiliates

Other segment segments

Similar metrics at other companies

SLGNDispensing and Specialty Closures — Equity in earnings of affiliates, net of tax

$1.2M+3.1%

HRLRetail — Equity in Earnings of Affiliates

$11.17M+31.9%

KBRMTS — Equity in earnings of unconsolidated affiliates

$10M+42.9%

CEOther — Equity in net earnings (loss) of affiliates

$2M-33.3%

COPCorporate — Equity in earnings of affiliates

-$12M-233%

SLGNEquity in earnings of affiliates, net of tax

$1.2M+3.1%

Questions, answered.

What is Phillips 66's M&S — equity in earnings of affiliates?

Phillips 66 (PSX) reported M&S — equity in earnings of affiliates of $35M 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 $36M to $35M.

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 $464M to $146M.

What does M&S — equity in earnings of affiliates mean?

This metric captures the company's proportional share of net income from non-consolidated entities, joint ventures, or partnerships within the Marketing & Specialties segment. It reflects the profitability of strategic alliances that are not fully owned but contribute significantly to the segment's bottom line. Fluctuations often highlight the performance of specific joint ventures in the specialty chemicals or marketing space.