Phoenix Energy One, LLC
For the period ended Mar 31, 2025. Filed May 16, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 16, 2025
PHXE-P$25.35+0.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
| March 31,2025 | December 31,2024 | |
|---|---|---|
| (unaudited) | ||
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $35,366 | $120,814 |
| Accounts receivable | 44,718 | 28,218 |
| Earnest payments | 10,606 | 154 |
| Other current assets | 10,630 | 7,528 |
| Total current assets | 101,320 | 156,714 |
| Oil and gas properties | 1,194,086 | 1,006,221 |
| Accumulated depletion | (171,634) | (140,376) |
| Net oil and gas properties | 1,022,452 | 865,845 |
| Right-of-use assets, net | 9,931 | 6,010 |
| Other noncurrent assets | 969 | 501 |
| Total Assets | $1,134,672 | $1,029,070 |
| LIABILITIES AND MEMBER’S EQUITY (DEFICIT) | ||
| Current liabilities | ||
| Accounts payable | $43,455 | $41,824 |
| Current portion of long-term debt | 132,864 | 103,240 |
| Current portion of deferred closings | 7,242 | 7,189 |
| Escrow account | 7,127 | 16,356 |
| Current operating lease liabilities | 343 | 656 |
| Accrued and other liabilities | 67,581 | 57,346 |
| Total current liabilities | 258,612 | 226,611 |
| Long-term debt, net of current portion | 853,507 | 795,215 |
| Accrued interest | 33,395 | 26,079 |
| Deferred closings | 3,508 | 3,324 |
| Operating lease liabilities | 10,234 | 5,860 |
| Asset retirement obligations | 1,505 | 1,181 |
| Other noncurrent liabilities | 2,370 | 4,858 |
| Total liabilities | 1,163,131 | 1,063,128 |
| Commitments and contingencies (Note 12) | ||
| Member’s equity (deficit) | ||
| Member’s equity | 434 | 434 |
| Accumulated deficit | (28,893) | (34,492) |
| Total member’s deficit | (28,459) | (34,058) |
| Total Liabilities and Member’s Equity (Deficit) | $1,134,672 | $1,029,070 |
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