Filing Flows › Phoenix Energy One, LLC (PHXE-P) › Operating margin
Phoenix Energy One, LLC (PHXE-P) operating margin by quarter
Phoenix Energy One, LLC's operating margin was 40.3% in Q2 2026 (second quarter 2026), +20.4 pts from Q4 2025. Over the last 5 quarters it ranged from 19.9% (Q4 2025) to 40.3% (Q2 2026).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q2 2026 | 40.3% | +20.4 pts | +11.8 pts |
| Q4 2025 | 19.9% | -4.6 pts | — |
| Q3 2025 | 24.5% | -4.0 pts | — |
| Q2 2025 | 28.5% | -5.3 pts | — |
| Q1 2025 | 33.8% | — | — |
Q2 2026 at a glance
Phoenix Energy One, LLC, Q2 2026: revenue $406M (+148% year over year), operating margin 40.3%, net earnings $106M, operating cash flow $173M. The chart follows the revenue to costs, profit and cash.
Questions
What is Phoenix Energy One, LLC's operating margin?
Phoenix Energy One, LLC's operating margin was 40.3% in Q2 2026 (second quarter 2026), +20.4 pts from Q4 2025.
How has Phoenix Energy One, LLC's operating margin changed?
Over the last 5 quarters it ranged from 19.9% (Q4 2025) to 40.3% (Q2 2026).
Q2 2026 results → · How Phoenix Energy One, LLC makes money →