Phoenix Energy One, LLC
For the period ended Sep 30, 2026. Filed Nov 10, 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.
Sep 30, 2026 · Filed Nov 10, 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 Balance Sheets
(in thousands, except share amounts)
| September 30,2026 | December 31,2025 | |
|---|---|---|
| (unaudited) | ||
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $113,924 | $65,791 |
| Accounts receivable | 139,536 | 75,515 |
| Accounts receivable—related party | 2,840 | — |
| Earnest payments | 10,062 | 240 |
| Current derivative assets | — | 26,824 |
| Other current assets | 5,149 | 5,218 |
| Total current assets | 271,511 | 173,588 |
| Property, plant, and equipment | ||
| Oil and gas properties | 2,832,456 | 1,921,418 |
| Other property and equipment | 5,610 | 2,913 |
| Less: accumulated depreciation, depletion, and amortization | (541,077) | (318,095) |
| Total property, plant, and equipment, net | 2,296,989 | 1,606,236 |
| Right-of-use assets, net | 8,541 | 9,507 |
| Noncurrent derivative assets | — | 16,564 |
| Other noncurrent assets | 7,919 | 874 |
| TOTAL ASSETS | $2,584,960 | $1,806,769 |
| LIABILITIES AND EQUITY | ||
| Current liabilities | ||
| Accounts payable | $181,865 | $122,033 |
| Accrued expenses | 70,736 | 43,438 |
| Current portion of long-term debt | 205,887 | 147,922 |
| Current portion of deferred closings | 7,900 | 9,974 |
| Escrow account | 998 | 5,762 |
| Current operating lease liabilities | 1,374 | 1,256 |
| Current derivative liabilities | 87,555 | — |
| Other current liabilities | 202,312 | 88,027 |
| Total current liabilities | 758,627 | 418,412 |
| Long-term debt, net of current portion | 1,640,773 | 1,235,713 |
| Accrued interest | 91,213 | 59,711 |
| Deferred closings | 3,656 | 3,315 |
| Operating lease liabilities | 8,544 | 9,625 |
| Asset retirement obligations | 2,271 | 1,781 |
| Noncurrent derivative liabilities | 42,297 | — |
| Other noncurrent liabilities | 31 | — |
| Total liabilities | 2,547,412 | 1,728,557 |
| Commitments and contingencies (Note 13) | ||
| Equity | ||
| Series A Preferred Shares (2,704,023 shares issued and outstanding at an aggregate liquidation preference of $67.6 million at September 30, 2026 and December 31, 2025) | 48,619 | 48,106 |
| Common equity | 434 | 434 |
| Retained earnings (accumulated deficit) | (11,505) | 29,672 |
| Total equity | 37,548 | 78,212 |
| TOTAL LIABILITIES AND EQUITY | $2,584,960 | $1,806,769 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.