Business Segments · Equity in earnings of affiliates
Refining — Equity in earnings of affiliates
Phillips 66 Refining — Equity in earnings of affiliates increased by 100.0% to $0.00 in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 100.0%, from -$105.00M to $0.00. Over 3 years (FY 2021 to FY 2025), Refining — Equity in earnings of affiliates shows an upward trend with a -24.6% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2018
Last reportedQ1 2026
Rolls up toEquity Method Income
How to read this metric
An increase indicates strong performance from joint venture partners or successful strategic partnerships.
Detailed definition
The refining segment's proportional share of net income from investments in unconsolidated affiliates or joint ventures....
Peer comparison
Standard line item for 'Equity Earnings' in segment reporting for energy companies with joint venture structures.
Metric ID:
psx_segment_refining_equity_in_earnings_of_affiliatesHistorical Data
19 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | -$46.00M | -$46.00M | -$46.00M | $186.75M | $186.75M | $186.75M | $186.75M | $109.75M | $109.75M | $109.75M | $109.75M | $108.00M | $33.00M | -$12.00M | -$105.00M | -$2.00M | $31.00M | -$3.00M | $0.00 |
| QoQ Change | — | +0.0% | +0.0% | +506.0% | +0.0% | +0.0% | +0.0% | -41.2% | +0.0% | +0.0% | +0.0% | -1.6% | -69.4% | -136.4% | -775.0% | +98.1% | >999% | -109.7% | +100.0% |
| YoY Change | — | — | — | — | +506.0% | +506.0% | +506.0% | -41.2% | -41.2% | -41.2% | -41.2% | -1.6% | -69.9% | -110.9% | -197.2% | -106.1% | +358.3% | — | +100.0% |
Range-$105.00M – $186.75M
CAGR-100.0%
Avg YoY Growth+94.7%
Median YoY Growth-41.2%
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Frequently Asked Questions
- What is Phillips 66's refining — equity in earnings of affiliates?
- Phillips 66 (PSX) reported refining — equity in earnings of affiliates of $0.00 in Q1 2026.
- How has Phillips 66's refining — equity in earnings of affiliates changed year-over-year?
- Phillips 66's refining — equity in earnings of affiliates increased by 100.0% year-over-year, from -$105.00M to $0.00.
- What is the long-term trend for Phillips 66's refining — equity in earnings of affiliates?
- Over 3 years (2021 to 2025), Phillips 66's refining — equity in earnings of affiliates has grown at a -24.6% compound annual growth rate (CAGR), from -$184.00M to -$79.00M.
- What does refining — equity in earnings of affiliates mean?
- The company's share of profits from refining-related joint ventures and partnerships.