Phoenix Energy successfully closed its IPO of Series A Preferred Shares, now listed on NYSE American, paying initial dividends.
Quiver AI Summary
Phoenix Energy One, LLC has successfully completed its initial public offering of Series A Cumulative Redeemable Preferred Shares, now listed on NYSE American under the ticker PHXE.P. The company, focused on oil and gas exploration primarily in the Williston Basin, announced that a short initial distribution of $0.11111 per share will be paid on October 15, 2025, to holders of record as of October 1, 2025. Established in 2019 and headquartered in Irvine, CA, Phoenix Energy employs over 165 staff across several U.S. locations, pursuing a strategy involving drilling, royalty acquisition, and non-operated working interests. The company warns that forward-looking statements regarding its operations and market position may involve uncertainties and risks that could lead to different outcomes than expected. For more information, visit their website.
Potential Positives
- Successful closing of initial public offering of Series A Cumulative Redeemable Preferred Shares, enhancing the company's capital structure.
- Listing on NYSE American LLC (NYSE MKT: PHXE.P), increasing visibility and accessibility to investors.
- Announcement of an initial distribution of $0.11111 per share, providing immediate returns to investors.
Potential Negatives
- The press release heavily relies on forward-looking statements, indicating there are uncertainties surrounding the company's future performance and prospects.
- The mention of risk factors and uncertainties could raise concerns among investors regarding the stability and reliability of their investment.
- The focus on Preferred Shares could suggest that the company may have a need for capital, which may be viewed negatively by potential investors looking for a strong equity position.
FAQ
What is Phoenix Energy One, LLC?
Phoenix Energy One, LLC, doing business as Phoenix Energy, is an energy company focused on oil and gas exploration and production in key U.S. basins.
Where is Phoenix Energy primarily located?
The company primarily operates in the Williston Basin, which spans North Dakota and Montana.
When will the initial distribution of Preferred Shares be paid?
The initial distribution of $0.11111 per share will be payable on October 15, 2025.
How can I invest in Phoenix Energy?
Investors can buy Series A Cumulative Redeemable Preferred Shares listed on NYSE American LLC under the ticker PHXE.P.
How can I contact Phoenix Energy for investor relations?
Contact Phoenix Energy at [email protected] or call 303.376.9778 for investor inquiries.
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 9 times in the past 6 months. Of those trades, 9 have been purchases and 0 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
- ADAM D. FERRARI (Chief Executive Officer) purchased 5,000 shares for an estimated $100,000
- BRANDON K. ALLEN (Chief Operating Officer) purchased 2,500 shares for an estimated $50,000
- 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., Oct. 01, 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, recently announced the successful closing of its initial public offering of Series A Cumulative Redeemable Preferred Shares (the “Preferred Shares”) conducted pursuant to Regulation A under the Securities Act of 1933, as amended, and is now listed on the NYSE American LLC (NYSE MKT: PHXE.P).
In accordance with the terms of the Company’s Preferred Shares, a short-period initial distribution of $0.11111 per share is payable on October 15, 2025, to holders of record on October 1, 2025.
The distribution rate, and other rights of the holders of Preferred Shares, are set forth in the Third Amended and Restated Limited Liability Company Agreement of Phoenix Energy One, LLC, which is available on Edgar through the SEC’s website.
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 165 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.
Forward-looking statements are based on Phoenix Energy’s beliefs, assumptions, and expectations, taking into account currently known market conditions and other factors. Phoenix Energy’s ability to predict results or the actual effect of future events, actions, plans, or strategies is inherently uncertain and involves certain risks and uncertainties, many of which are beyond its control. Phoenix Energy’s actual results and performance could differ materially from those set forth or anticipated in its forward-looking statements. Factors that could cause Phoenix Energy’s actual results to differ materially from the expectations described in the forward-looking statements include, but are not limited to, the factors described in its filing with the SEC, including under the heading entitled “Risk Factors” therein. When considering forward-looking statements, you should keep in mind the risk factors and other cautionary statements included in this press release and Phoenix Energy’s other filings with the SEC. You are cautioned that the forward-looking statements included in this press release are not guarantees of future performance, and there can be no assurance that such statements will be realized or that the forward-looking events and circumstances will occur. Any forward-looking statement made by Phoenix Energy in this press release speaks only as of the date of this press release, and Phoenix Energy undertakes no obligation to publicly update any forward-looking statement except as may be required by law.
