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$25.350.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2025 | 2024(As Restated) | |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net income (loss) | $5,599 | $(8,405) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation, depletion, amortization, and accretion | 31,225 | 13,405 |
| Amortization of right-of-use assets | 259 | 145 |
| Amortization of debt discount and debt issuance costs | 5,166 | 3,939 |
| Impairment expense | 516 | — |
| Unrealized (gain) loss on derivatives | (2,823) | 67 |
| Loss on sale of assets | — | 564 |
| Loss on debt extinguishment | 321 | 76 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (16,500) | (4,090) |
| Earnest payments | (10,874) | (2,275) |
| Accounts payable | (1,127) | 5,097 |
| Accrued and other liabilities | 9,644 | 5,292 |
| Escrow account | (9,229) | (4,778) |
| Accrued interest | 7,322 | 3,878 |
| Other | (3,634) | (1,667) |
| Net cash provided by operating activities | 15,865 | 11,248 |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Additions to oil and gas properties and leases | (182,252) | (94,708) |
| Proceeds from sale of assets | — | 6,200 |
| Additions to equipment and other property | (23) | (55) |
| Net cash used in investing activities | (182,275) | (88,563) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Proceeds from issuances of debt, net of discount | 168,506 | 157,280 |
| Repayments of debt | (71,534) | (68,995) |
| Payments of debt issuance costs | (14,543) | (12,012) |
| Members’ contributions | — | 325 |
| Payments of deferred closings | (1,467) | (2,247) |
| Net cash provided by financing activities | 80,962 | 74,351 |
| Net change in cash and cash equivalents | (85,448) | (2,964) |
| Cash and cash equivalents at beginning of year | 120,814 | 5,428 |
| Cash and cash equivalents at end of year | $35,366 | $2,464 |
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