Phoenix Energy One, LLC

For the period ended Sep 30, 2025. Filed Nov 12, 2025.

About this filing

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.

Sep 30, 2025 · Filed Nov 12, 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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Contents

Condensed Consolidated Statements of Changes in Equity (Deficit)

(in thousands, except share amounts)

	Series A Preferred Shares
	Shares	Amount	Member’s Equity	Accumulated Deficit	TotalEquity(Deficit)
Balance, January 1, 2025	—	$—	$434	$(34,492)	$(34,058)
Net income	—	—	—	5,599	5,599
Balance, March 31, 2025	—	$—	$434	$(28,893)	$(28,459)
Net income	—	—	—	18,698	18,698
Balance, June 30, 2025	—	$—	$434	$(10,195)	$(9,761)
Net income	—	—	—	8,488	8,488
Issuances of Series A preferred shares	2,704,023	47,934	—	—	47,934
Distribution and accretion on Series A preferred shares	—	—	—	(40)	(40)
Balance, September 30, 2025	2,704,023	$47,934	$434	$(1,747)	$46,621
Balance, January 1, 2024	—	$—	$4,865	$(9,699)	$(4,834)
Net loss	—	—	—	(8,405)	(8,405)
Contributions	—	—	325	—	325
Balance, March 31, 2024	—	$—	$5,190	$(18,104)	$(12,914)
Net income	—	—	—	8,398	8,398
Balance, June 30, 2024	—	$—	$5,190	$(9,706)	$(4,516)
Net loss	—	—	—	(11,287)	(11,287)
Distributions	—	—	(4,756)	—	(4,756)
Balance, September 30, 2024	—	$—	$434	$(20,993)	$(20,559)

The accompanying notes are an integral part of these condensed consolidated financial statements.	8

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.