Phoenix Energy One, LLC

Listed Company

PHXE-PCIK 0001818643NYSENon-AcceleratedCrude Petroleum & Natural GasDelawareFY ends Dec 31

Period

FY 2025

Revenue

$687.18M

Net Income

$66.11M

Total Assets

$1.81B

Equity

—

Shares Out

100.00M

Op. Cash Flow

$301.09M

Business

Phoenix Energy One, LLC operates in oil and gas exploration, development, and production through three core strategies: direct drilling operations of operated working interests via PhoenixOp, acquisition of royalty assets, and acquisition of non-operated working interests. The company produces crude oil, natural gas, natural gas liquids, and byproducts primarily from the Williston, Powder River, Denver-Julesburg, Permian, and Uinta Basins. Phoenix Energy uses a proprietary software system to identify, analyze, and acquire mineral and leasehold interests, with revenues generated from both third-party operator production on acquired assets and its own direct drilling program that commenced in 2023.

Summary from 10-K filed 2026-07-01

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31
Total revenues	687	281	118
Cost of sales	155	64	20
Depreciation, depletion, and amortization	178	86	34
Purchased crude oil expenses	111	0	0
Selling, general, and administrative	26	29	14
Payroll and payroll-related	36	28	13
Advertising and marketing	2	679,000	4
Loss on sale of assets	0	564,000	0
Impairment expense	3	600,000	1
Total operating expenses	512	209	86
INCOME FROM OPERATIONS	176	72	32
Interest income	2	705,000	66,000
Interest expense, net	−161	−90	−48
Gain (loss) on derivatives	53	−6	−32,000
Loss on debt extinguishment	−3	−2	−328,000
Total other expenses	−109	−97	−48
NET INCOME (LOSS)	66	−25	−16

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31
Cash and cash equivalents	66	121
Accounts receivable	76	28
Earnest payments	240,000	154,000
Other current assets	32	8
Total current assets	174	157
Oil and gas properties	1,921	1,006
Other property and equipment	3	0
Less: accumulated depreciation, depletion, and amortization	−318	−140
Total property, plant, and equipment, net	1,606	866
Right-of-use assets, net	10	6
Other noncurrent assets	17	501,000
TOTAL ASSETS	1,807	1,029
Accounts payable	122	42
Accrued expenses	43	41
Current portion of long-term debt	148	103
Current portion of deferred closings	10	7
Escrow account	6	16
Current operating lease liabilities	1	656,000
Other current liabilities	88	16
Total current liabilities	418	227
Long-term debt, net of current portion	1,236	795
Accrued interest	60	26
Deferred closings	3	3
Operating lease liabilities	10	6
Asset retirement obligations	2	1
Other noncurrent liabilities	0	5
Total liabilities	1,729	1,063
Commitments and contingencies (Note 16)	—	—
Common equity	434,000	434,000
Retained earnings (accumulated deficit)	30	−34
Total equity (deficit)	78	−34
TOTAL LIABILITIES AND EQUITY (DEFICIT)	1,807	1,029

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31
Depreciation, depletion, amortization, and accretion	178	86	34
Equity-based compensation expense	149,000	0	0
Amortization of right-of-use assets	1	643,000	422,000
Amortization of debt discount and debt issuance costs	25	17	14
Write-offs of Earnest Payments	250,000	0	0
Unrealized (gain) loss on derivatives	−48	8	32,000
Accounts receivable	−47	5	−29
Earnest payments	−14	−23	−25
Accounts payable	22	−11	3
Accrued and other liabilities	4	5	641,000
Other current liabilities	70	6	2
Escrow account	−11	10	6
Accrued interest	48	27	9
Other operating activities	2	−7	−730,000
Net cash provided by (used in) operating activities	301	101	−1
Additions to oil and gas properties and leases	−841	−444	−279
Proceeds from sale of assets	0	6	0
Additions to other property and equipment	−3	0	0
Other investing activities	−27,000	−28,000	−55,000
Net cash used in investing activities	−843	−438	−279
Proceeds from issuances of debt, net of discount	592	621	401
Payments of debt issuance costs	−80	−59	−44
Repayments of debt	−67	−96	−76
Proceeds from preferred equity offering, net of issuance costs	48	0	0
Distributions on Series A Preferred Shares dividends	−301,000	0	0
Member's distributions	0	−5	−7
Payments of deferred closings	−6	−10	−3
Net cash provided by financing activities	487	452	281
Net change in cash and cash equivalents	−55	115	821,000

Filings

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Frequently asked questions

What is Phoenix Energy One, LLC's CIK number?

Phoenix Energy One, LLC's SEC CIK number is 0001818643 (1818643). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Phoenix Energy One, LLC's SEC filings?

All of Phoenix Energy One, LLC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Phoenix Energy One, LLC last report earnings?

Phoenix Energy One, LLC (PHXE-P) most recently filed an earnings 8-K with the SEC on Jun 5, 2025, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-25-135865). This is Phoenix Energy One, LLC's most recent earnings filing of record — not a forecast of its next earnings date.

What is Phoenix Energy One, LLC's most recent earnings 8-K?

Phoenix Energy One, LLC's latest earnings 8-K (Item 2.02) was filed Jun 5, 2025 under accession 0001193125-25-135865. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Phoenix Energy One, LLC's latest earnings 8-K →
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