Filing Flows › Phoenix Energy One, LLC (PHXE-P) › Q2 2025
Phoenix Energy One, LLC (PHXE-P) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 12, 2025
Phoenix Energy One, LLC (PHXE-P) reported revenue of $164M for the second quarter 2025 (Q2 2025), +105% from a year earlier and +42% from the quarter before. Operating margin was 28.5%, net earnings $18.7M (11.4% of revenue).
Phoenix Energy One, LLC, Q2 2025: revenue $164M (+105% year over year), operating margin 28.5%, net earnings $18.7M, operating cash flow $84.7M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $164M | +42% | +105% |
| Operating profit | $46.7M | +19% | +76% |
| Net earnings | $18.7M | +234% | +123% |
| Operating cash flow | $84.7M | +434% | +366% |
What changed
Revenue was $163.8M in Q2 2025, up 105% year over year and up 42% from the previous quarter. Product was the largest line at 59% of revenue. Product added $69.9M year over year (up 256%), 83% of the total change. Mineral and Royalty declined 38%.
Operating profit was $46.7M, a 28.5% margin (down 4.8 points year over year). Of the extra revenue versus a year earlier, 24% reached operating profit, below the 33% margin then. Total costs grew 120% against revenue growth of 105%. The fastest-growing cost line was Other operating costs (+148%). Net earnings were $18.7M, up 123% year over year. The effective tax rate was 0.0%.
Operating cash flow was $84.7M (up 366% year over year), 453% of net earnings. Non-cash charges added back $36.6M of depreciation and amortization. Working capital and other items added $29.4M.
Questions
What was Phoenix Energy One, LLC's revenue in the second quarter 2025?
Phoenix Energy One, LLC (PHXE-P) reported revenue of $164M for the second quarter 2025 (Q2 2025), +105% from a year earlier and +42% from the quarter before.
Was Phoenix Energy One, LLC profitable in the second quarter 2025?
Operating profit was $46.7M (28.5% of revenue) and net earnings $18.7M.