Phoenix Energy One, LLC

For the period ended Sep 30, 2026. Filed Nov 10, 2026.

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, 2026 · Filed Nov 10, 2026

PHXE-P$25.350.0%Stored close · as of Nov 10, 2026

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Condensed Consolidated Statements of Operations

(in thousands)

	Three Months EndedSeptember 30,		Nine Months EndedSeptember 30,
	2026	2025	2026	2025
REVENUES
Product sales	$258,298	$113,761	$681,799	$295,290
Mineral and royalty revenues	66,921	31,300	151,766	93,171
Purchased crude oil sales	126,905	40,436	311,958	71,236
Water services	8,103	3,308	18,443	8,508
Other revenue	158	216	950	397
Total revenues	460,385	189,021	1,164,916	468,602
OPERATING EXPENSES
Cost of sales	81,115	42,920	188,787	105,172
Depreciation, depletion, and amortization	88,743	45,550	223,245	113,392
Purchased crude oil expenses	123,206	39,623	303,802	69,975
Selling, general, and administrative	3,974	5,540	11,080	21,435
Payroll and payroll-related	13,514	6,437	31,906	22,459
Advertising and marketing	972	694	1,898	1,531
Gain on sale of assets	(210)	—	(1,652)	—
Impairment expense	646	1,987	2,056	2,509
Total operating expenses	311,960	142,751	761,122	336,473
INCOME FROM OPERATIONS	148,425	46,270	403,794	132,129
OTHER INCOME (EXPENSE)
Interest income	324	303	712	1,355
Interest expense, net	(61,575)	(38,816)	(172,414)	(111,690)
Gain (loss) on derivatives	(87,846)	2,065	(265,030)	12,907
Loss on debt extinguishments	(732)	(1,334)	(2,600)	(1,916)
Total other expenses	(149,829)	(37,782)	(439,332)	(99,344)
NET INCOME (LOSS)	$(1,404)	$8,488	$(35,538)	$32,785

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