Phoenix Energy announced a cash distribution of $0.625 per Preferred Share, payable January 15, 2026, to record holders.
Quiver AI Summary
Phoenix Energy One, LLC, an energy company focused on oil and gas exploration and production, announced a cash distribution of $0.625 per Series A Cumulative Redeemable Preferred Share for holders of record as of January 2, 2026. This distribution, based on a liquidation preference of $25.00 per Preferred Share at a 10.00% annual rate, will be paid on January 15, 2026. The Preferred Shares, listed on the NYSE American LLC as PHXE.P, were first listed on September 30, 2025. Phoenix Energy operates primarily in the Williston Basin and employs over 180 people across several offices in the U.S. The announcement is part of the company’s ongoing strategy and is detailed in its Third Amended and Restated Limited Liability Company Agreement.
Potential Positives
- Announcement of a cash distribution of $0.625 per Preferred Share demonstrates financial stability and commitment to returning value to shareholders.
- The distribution is aligned with the terms of the share designation, which indicates adherence to corporate governance and transparency.
- The Preferred Shares are publicly listed on NYSE American LLC, enhancing the company's visibility and attractiveness to investors.
- The announcement reflects the company's operational consistency, as it is based on a 10.00% annual rate tied to the stated liquidation preference, signaling reliability in financial planning.
Potential Negatives
- The announcement of a cash distribution for Preferred Shares may indicate financial constraints, suggesting that the company is dependent on raising funds through equity rather than generating adequate cash flow from operations.
- The reference to forward-looking statements highlights potential uncertainties in the company's operational and financial outlook, which could raise concerns among investors regarding its future performance.
- The specification of a fixed distribution may limit the company's flexibility in reallocating resources for growth or unexpected expenses, signaling potential vulnerabilities in its financial strategy.
FAQ
What is the cash distribution amount for Phoenix Energy's Preferred Shares?
The cash distribution authorized is $0.625 per Preferred Share.
When will the cash distribution be paid to shareholders?
The distribution will be paid on January 15, 2026.
What is the record date for the Preferred Shares distribution?
The record date for the distribution is January 2, 2026.
Where can I find more information about Phoenix Energy?
You can visit Phoenix Energy's website at https://phoenixenergy.com for more information.
What is included in Phoenix Energy's business strategy?
The company operates under direct drilling, royalty acquisition, and non-operated working interests strategies.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$PHXE.P Insider Trading Activity
$PHXE.P insiders have traded $PHXE.P stock on the open market 11 times in the past 6 months. Of those trades, 9 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $PHXE.P stock by insiders over the last 6 months:
- CURTIS R. ALLEN (Chief Financial Officer) purchased 8,500 shares for an estimated $170,000
- BRANDON K. ALLEN has made 1 purchase buying 2,500 shares for an estimated $50,000 and 2 sales selling 2,500 shares for an estimated $50,283.
- ADAM D. FERRARI (Chief Executive Officer) purchased 5,000 shares for an estimated $100,000
- JASON ALLAN PANGRACS purchased 2,000 shares for an estimated $40,000
- DAVID MARK WHEELER (Chief Legal Officer) purchased 1,000 shares for an estimated $20,000
- SEAN M. GOODNIGHT (Chief Acquisition Officer) purchased 500 shares for an estimated $10,000
- LINDSEY B. WILSON (Chief Business Officer) purchased 500 shares for an estimated $10,000
- JUSTIN L. ARN (Chief Land & Title Officer) purchased 250 shares for an estimated $5,000
- JASON MONTGOMERY WAGNER purchased 250 shares for an estimated $5,000
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
Full Release
IRVINE, Calif., Dec. 22, 2025 (GLOBE NEWSWIRE) -- Phoenix Energy One, LLC (“Phoenix Energy” or the “Company”), an energy company focused on oil and gas exploration and production across key U.S. basins, with a primary footprint in the Williston Basin in North Dakota and Montana, announced today its board of directors has authorized a cash distribution for the Series A Cumulative Redeemable Preferred Shares (the “Preferred Shares”) of $0.625 per Preferred Share to holders of record as of the close of business on January 2, 2026, which distribution will be paid on January 15, 2026.
The announced distribution is consistent with and made pursuant to the terms of the share designation for the Preferred Shares attached to the Third Amended and Restated Limited Liability Company Agreement of the Company, which is available on Edgar through the SEC’s website and is based on the stated liquidation preference of $25.00 per Preferred Share (calculated on a 360-day year of twelve 30-day months) at a rate of 10.00% per annum for the period from and including October 15, 2025 to and excluding January 15, 2026.
The Company’s Preferred Shares are listed on the NYSE American LLC (NYSE MKT: PHXE.P) and might appeared stylized as PHXE-P, PHXE-PR, or PHXE/P on different brokerage platforms. The shares have been listed as of September 30, 2025.
To learn more about Phoenix Energy, visit the Company’s website at https://phoenixenergy.com .
About Phoenix Energy:
Phoenix Energy One, LLC, doing business as Phoenix Energy, is an energy company formed in 2019. The company is focused on oil and gas exploration and production across key U.S. basins, with a primary footprint in the Williston Basin in North Dakota and Montana. Phoenix Energy operates under a three-pronged strategy of direct drilling, royalty acquisition, and non-operated working interests.
Phoenix Energy is headquartered in Irvine, CA, with offices in Denver, CO, Dallas, TX, Fort Lauderdale, FL, Casper, WY, and Dickinson and Williston, ND, with more than 180 employees across these seven locations.
Contact Phoenix Energy:
Investor Relations
[email protected]
303.376.9778
Disclaimer:
This press release contains forward-looking statements, which are statements regarding all matters that are not historical facts and include statements regarding Phoenix Energy’s current views, hopes, intentions, beliefs, or expectations concerning, among other things, its results of operations, financial condition, liquidity, prospects, growth, strategies, and position in the markets and the industries in which it operates. These forward-looking statements are generally identifiable by forward looking terminology such as “expect,” “believe,” “anticipate,” “outlook,” “could,” “target,” “project,” “intend,” “plan,” “seek,” “estimate,” “should,” “will,” “approximately,” “predict,” “potential,” “may,” and “assume,” as well as variations of such words and similar expressions referring to the future.
