How has Phillips 66's M&S — investments in and advances to affiliates changed year-over-year?

Phillips 66's M&S — investments in and advances to affiliates increased by 153.5% year-over-year, from $553M to $1.4B.

What does M&S — investments in and advances to affiliates mean?

This represents the carrying value of the segment's equity interests in joint ventures or other non-consolidated entities. It reflects the segment's strategic partnerships and external business interests.

Phillips 66 (PSX) M&S — Investments In and Advances to Affiliates

Screener

Other segment segments

Midstream

$2.08B-6.6%

Refining

$56M-97.5%

Renewable Fuels

$14M0.0%

Similar metrics at other companies

PENNInteractive — Investment in and advances to unconsolidated affiliates

$0—

PENNMidwest — Investment in and advances to unconsolidated affiliates

$77.4M-3.1%

PENNNortheast — Investment in and advances to unconsolidated affiliates

$100K0.0%

PENNSouth — Investment in and advances to unconsolidated affiliates

$0—

PENNWest — Investment in and advances to unconsolidated affiliates

$0—

ETAll Other — Advances to and investments in unconsolidated affiliates

$61M+5.2%

Other financials

Income statement

See full

Revenue$51.0B+53.1%

Gross profit$7.3B+72.9%

Net income$3.8B+339%

EPS (diluted)$9.55+344%

Balance sheet

See full

Cash & equivalents$4.1B+290%

Total debt$20.6B—

Total equity$31.5B+14.6%

Total assets$81.8B+7.7%

Cash flow

See full

Operating cash flow$7.3B+759%

Valuation

See full

Market cap$81.36B+70.1%

Enterprise value$97.83B—

P/E11.5×-16.4×

P/S0.5×+0.2×

Profitability

See full

Gross margin13.1%+3.1pp

Net margin4.7%+3.4pp

Returns & leverage

See full

Return on equity24%+18.0pp

Debt / equity0.7×—

Current ratio1.3×+0.2×

Where this comes from

Reported directly by Phillips 66 in its filing.

Tagged under the XBRL concept us-gaap:InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures.

The source filing: Phillips 66’s 10-Q, filed August 5, 2026.

Filed: Aug 5, 2026, 4:43 PM EDT
Fiscal quarter: Q2 FY2026
Calendar quarter: Q2 2026
Accession: 0001534701-26-000032

Line item	Millions of Dollars / Operating Segments / Midstream	Millions of Dollars / Operating Segments / Chemicals	Millions of Dollars / Operating Segments / Refining	Millions of Dollars / Operating Segments / M&S	Millions of Dollars / Operating Segments / Renewable Fuels	Millions of Dollars / Corporate and Other	Millions of Dollars / Total Consolidated
As of June 30, 2026
Investments In and Advances to Affiliates	$2,082	8,390	56	1,402	14	4	11,948
Total Assets	31,130	8,417	21,229	12,025	3,001	6,008	81,810
As of December 31, 2025
Investments In and Advances to Affiliates	$2,117	7,899	65	1,330	15	2	11,428
Total Assets	30,172	7,899	19,435	10,059	3,197	2,918	73,680

Item 1. FINANCIAL STATEMENTS

FAQ

What is Phillips 66's M&S — investments in and advances to affiliates?: Phillips 66 (PSX) reported M&S — investments in and advances to affiliates of $1.4B in Q2 2026.
How has Phillips 66's M&S — investments in and advances to affiliates changed year-over-year?: Phillips 66's M&S — investments in and advances to affiliates increased by 153.5% year-over-year, from $553M to $1.4B.
What does M&S — investments in and advances to affiliates mean?: This represents the carrying value of the segment's equity interests in joint ventures or other non-consolidated entities. It reflects the segment's strategic partnerships and external business interests.