Phoenix Energy One, LLC
For the period ended Mar 31, 2026. Filed May 13, 2026.
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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, 2026 · Filed May 13, 2026
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
(in thousands)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2026 | 2025 | |
| REVENUES | ||
| Product sales | $181,596 | $84,269 |
| Mineral and royalty revenues | 35,705 | 29,886 |
| Purchased crude oil sales | 77,084 | — |
| Water services | 4,197 | 1,503 |
| Other revenue | 98 | 89 |
| Total revenues | 298,680 | 115,747 |
| OPERATING EXPENSES | ||
| Cost of sales | 56,092 | 27,083 |
| Depreciation, depletion, and amortization | 60,249 | 31,225 |
| Purchased crude oil expenses | 75,600 | — |
| Selling, general, and administrative | 4,345 | 9,514 |
| Payroll and payroll-related | 9,363 | 7,929 |
| Advertising and marketing | 369 | 320 |
| Impairment expense | 828 | 516 |
| Total operating expenses | 206,846 | 76,587 |
| INCOME FROM OPERATIONS | 91,834 | 39,160 |
| OTHER INCOME (EXPENSE) | ||
| Interest income | 213 | 689 |
| Interest expense, net | (52,510) | (35,849) |
| Gain (loss) on derivatives | (178,753) | 1,920 |
| Loss on debt extinguishments | (903) | (321) |
| Total other expenses | (231,953) | (33,561) |
| NET INCOME (LOSS) | $(140,119) | $5,599 |
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