Phoenix Energy One, LLC (PHXE-P)
As-reported financials and SEC filings for Phoenix Energy One, LLC. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.
About Phoenix Energy One, LLC
Phoenix Energy One, LLC operates in the oil and gas industry, focusing on exploration, development, production, and sale of crude oil, natural gas, natural gas liquids, and related byproducts. The company pursues a three-part strategy that includes direct drilling operations, acquisition of royalty assets, and acquisition of non-operated working interest assets primarily in U.S. basins such as the Williston, Powder River, and Denver-Julesburg Basins. It serves a range of clients including landowners, mineral interest owners, and third-party exploration and production operators through its subsidiaries PhoenixOp, Firebird Services, and Firebird Marketing.
Snapshot
Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.
What changed at Phoenix Energy One
- Revenue grew 144.4% to $687M in FY2025, faster than the 138.1% the year before.
- Operating margin is 25.6% in FY2025, -1.5 pp against 27.1% in FY2023.
- Most recent quarter Q2 FY2026: revenue $406M, up 147.7% from Q2 FY2025.
- Net income turned positive at $66M in FY2025, from a $25M loss in FY2024.
Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.
Peer comparison
Where Phoenix Energy One’s fundamentals sit among the 61 oil and gas companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).
Phoenix Energy One’s return on equity of 84.5% is the highest of the 49 oil and gas companies reporting it. Phoenix Energy One’s long-term debt to equity of 15.80 is the highest of the 37 oil and gas companies reporting it. Phoenix Energy One’s revenue growth of +144.4% ranks in the 95th percentile of the 59 oil and gas companies reporting it.
No reported insider transactions (codes P/S) in the last 90 days. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →
Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice.
Income statement (as reported)
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Revenue | $687.2M | $281.2M | $118.1M |
| Gross profit | $532.0M | $217.3M | $98.4M |
| Operating income | $175.6M | $72.4M | $32.0M |
| Net income | $66.1M | $-24.8M | $-16.2M |
| Diluted EPS | — | — | — |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.
Balance sheet (as reported)
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Cash and equivalents | $65.8M | $120.8M | $5.4M |
| Current assets | $173.6M | $156.7M | — |
| Total assets | $1.81B | $1.03B | — |
| Current liabilities | $418.4M | $226.6M | — |
| Long-term debt | $1.24B | $795.2M | — |
| Total liabilities | $1.73B | $1.06B | — |
| Total equity | $78.2M | $-34.1M | $-4.8M |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.
Cash flow (as reported)
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.
Quarterly trend (as reported)
| Quarter | Revenue | Revenue YoY | Net income | Diluted EPS |
|---|---|---|---|---|
| Q2 FY2026 | $405.9M | 147.7% | $106.0M | — |
| Q1 FY2026 | $298.7M | 158.0% | $-140.1M | — |
| Q4 FY2025 | $218.6M | 115.0% | $33.3M | — |
| Q3 FY2025 | $189.0M | 220.2% | $8.5M | — |
| Q2 FY2025 | $163.8M | 105.2% | $18.7M | — |
| Q1 FY2025 | $115.7M | 184.5% | $5.6M | — |
| Q4 FY2024 | $101.7M | — | $-13.5M | — |
| Q3 FY2024 | $59.0M | — | $-11.3M | — |
Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.
Company facts
Selected SEC filings
Largest oil and gas peers
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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.