Phoenix Energy announces a cash distribution of $0.625 per Preferred Share, payable April 15, 2026, to shareholders recorded by April 1.
Quiver AI Summary
Phoenix Energy One, LLC, based in Irvine, California, has announced a cash distribution of $0.625 per Series A Cumulative Redeemable Preferred Share to shareholders of record by April 1, 2026, to be paid on April 15, 2026. This distribution aligns with the terms outlined in the company's share designation and reflects a liquidation preference of $25.00 per Preferred Share at an annual rate of 10.00% for the specified period. The Preferred Shares are traded on NYSE American (PHXE.P). Founded in 2019, Phoenix Energy focuses on oil and gas exploration, primarily in the Williston Basin, and is involved in mineral rights acquisitions and non-operating working interests across various U.S. basins. Further information about the company can be found on their website.
Potential Positives
- Authorization of a cash distribution of $0.625 per Preferred Share highlights the company's commitment to return value to its shareholders.
- The distribution is consistent with the terms of the Preferred Shares, indicating financial stability and adherence to corporate governance practices.
- The Preferred Shares are listed on NYSE American LLC, providing liquidity and credibility to investors.
Potential Negatives
- The announcement of a cash distribution suggests reliance on external funding sources, which may raise concerns about the company's profitability and sustainability.
- The need to issue preferred shares for financing could indicate a lack of sufficient operating cash flow, potentially signaling weakness in financial health.
- Listing preferred shares may imply elevated risk of dilution for common shareholders if the company chooses to convert these into equity in the future.
FAQ
What is the cash distribution announced by Phoenix Energy?
Phoenix Energy announced a cash distribution of $0.625 per Preferred Share for holders of record as of April 1, 2026.
When will the cash distribution be paid?
The distribution will be paid on April 15, 2026.
What is the stated liquidation preference for the Preferred Shares?
The stated liquidation preference for the Preferred Shares is $25.00 per share.
Where are Phoenix Energy’s Preferred Shares listed?
The Preferred Shares are listed on the NYSE American LLC under the ticker symbols PHXE.P, PHXE-P, PHXE-PR, or PHXE/P.
What regions does Phoenix Energy focus its drilling operations in?
Phoenix Energy focuses its drilling operations in the Williston Basin, Powder River Basin, and Denver-Julesburg Basin.
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., March 20, 2026 (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 April 1, 2026, which distribution will be paid on April 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 January 15, 2026 to and excluding April 15, 2026.
The Company’s Preferred Shares are listed on the NYSE American LLC (NYSE MKT: PHXE.P) and might appear stylized as PHXE-P, PHXE-PR, or PHXE/P on different brokerage platforms. The preferred shares have been listed since September 30, 2025.
To learn more about Phoenix Energy, visit the Company’s website at https://phoenixenergy.com .
About Phoenix Energy
Founded in 2019 and headquartered in Irvine, California, Phoenix Energy is an innovative energy company specializing in oil production, mineral rights royalty acquisition, and non-operating working interests. Phoenix Energy’s drilling operations are currently focused on the Williston Basin (North Dakota and Montana), as well as the Powder River and Denver-Julesburg Basins (Wyoming and Colorado). Its royalty and working interest acquisitions target mineral, leasehold, overriding, and perpetual royalty interests across major U.S. basins.
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.
Contact
Company: Phoenix Energy One, LLC
Email:
[email protected]
Address: 18575 Jamboree Road, Suite 830, Irvine, CA 92612
Phone: 949-416-5037
