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 Operations
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2025 | 2024(As Restated) | |
| REVENUES | ||
| Mineral and royalty revenues | $29,886 | $33,984 |
| Product sales | 84,269 | 6,678 |
| Water services | 1,503 | — |
| Other revenues | 89 | 18 |
| Total revenues | 115,747 | 40,680 |
| OPERATING EXPENSES | ||
| Cost of sales | 27,083 | 7,982 |
| Depreciation, depletion, amortization, and accretion | 31,225 | 13,405 |
| Selling, general, and administrative | 9,514 | 5,250 |
| Payroll and payroll-related | 7,929 | 4,825 |
| Advertising and marketing | 320 | 17 |
| Loss on sale of assets | — | 564 |
| Impairment expense | 516 | — |
| Total operating expenses | 76,587 | 32,043 |
| Income from operations | 39,160 | 8,637 |
| OTHER INCOME (EXPENSE) | ||
| Interest income | 689 | 22 |
| Interest expense, net | (35,849) | (16,921) |
| Gain (loss) on derivatives | 1,920 | (67) |
| Loss on debt extinguishment | (321) | (76) |
| Total other expenses | (33,561) | (17,042) |
| NET INCOME (LOSS) | $5,599 | $(8,405) |
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