Filing Flows › Phoenix Energy One, LLC (PHXE-P) › Q1 2026 › vs Q1 2025
Phoenix Energy One, LLC (PHXE-P) Q1 2026 vs Q1 2025 (year over year)
Phoenix Energy One, LLC's revenue rose $183M (+158%) from $116M in Q1 2025 to $299M in Q1 2026. The biggest changes: Product +$97.3M (+115%); Crude Oil +$77.1M (—); Mineral and Royalty +$5.8M (+19%).
Phoenix Energy One, LLC, Q1 2026: revenue $299M (+158% year over year), operating margin 30.7%, net loss $140M, operating cash flow $104M. The chart draws each line against Q1 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Product | $182M | $84.3M | $97.3M | +115% |
| Crude Oil | $77.1M | $0 | $77.1M | — |
| Mineral and Royalty | $35.7M | $29.9M | $5.8M | +19% |
| Water Services | $4.2M | $1.5M | $2.7M | +179% |
| Other Revenue | $98K | $89K | $9K | +10% |
| Revenue | $299M | $116M | $183M | +158% |
| Net loss | $140M | −$5.6M | $146M | — |
| Costs & expenses | $439M | $116M | $323M | +279% |
| Operating costs | $207M | $76.6M | $130M | +170% |
| Interest & other, net | $232M | $33.6M | $198M | +591% |
| Cost of revenue | $56.1M | $27.1M | $29.0M | +107% |
| SG&A | $4.3M | $9.5M | −$5.2M | -54% |
| Other operating costs | $146M | $40.0M | $106M | +266% |
| Operating cash sources | $244M | $10.3M | $234M | 24× |
| Depreciation & amortization | $60.2M | $31.2M | $29.0M | +93% |
| Share-based compensation | $68K | $0 | $68K | — |
| Working capital & other | $184M | −$21.0M | $205M | — |
| Net loss absorbed | $140M | −$5.6M | $146M | — |
| Operating cash flow | $104M | $15.9M | $87.9M | +554% |
Questions
How much did Phoenix Energy One, LLC's revenue grow year over year in Q1 2026?
Phoenix Energy One, LLC's revenue rose $183M (+158%) from $116M in Q1 2025 to $299M in Q1 2026.
What drove Phoenix Energy One, LLC's revenue change in Q1 2026?
Product +$97.3M (+115%); Crude Oil +$77.1M (—); Mineral and Royalty +$5.8M (+19%).