Filing Flows › Phoenix Energy One, LLC (PHXE-P) › Q2 2026 › vs Q1 2026
Phoenix Energy One, LLC (PHXE-P) Q2 2026 vs Q1 2026 (quarter over quarter)
Phoenix Energy One, LLC's revenue rose $107M (+36%) from $299M in Q1 2026 to $406M in Q2 2026. The biggest changes: Product +$60.3M (+33%); Crude Oil +$30.9M (+40%); Mineral and Royalty +$13.4M (+38%). Operating margin 40.3% against 30.7% (+9.5 pts).
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 draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 40.3% | 30.7% | +9.5 pts |
| Net margin | 26.1% | -46.9% | +73.0 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Product | $242M | $182M | $60.3M | +33% |
| Crude Oil | $108M | $77.1M | $30.9M | +40% |
| Mineral and Royalty | $49.1M | $35.7M | $13.4M | +38% |
| Water Services | $6.1M | $4.2M | $1.9M | +46% |
| Other Revenue | $694K | $98K | $596K | +608% |
| Revenue | $406M | $299M | $107M | +36% |
| Operating profit | $164M | $91.8M | $71.7M | +78% |
| Costs & expenses | $242M | $207M | $35.5M | +17% |
| Pre-tax earnings | $106M | −$140M | $246M | — |
| Other expense, net | $57.5M | $232M | −$174M | -75% |
| Cost of revenue | $51.6M | $56.1M | −$4.5M | -8% |
| SG&A | $2.8M | $4.3M | −$1.6M | -36% |
| Other operating costs | $188M | $146M | $41.6M | +28% |
| Net earnings | $106M | −$140M | $246M | — |
| Depreciation & amortization | $74.3M | $60.2M | $14.0M | +23% |
| Share-based compensation | $43K | $68K | −$25K | -37% |
| Working capital & other | $6.8M | −$184M | $190M | — |
| Operating cash flow | $173M | $104M | $69.7M | +67% |
Questions
How much did Phoenix Energy One, LLC's revenue grow quarter over quarter in Q2 2026?
Phoenix Energy One, LLC's revenue rose $107M (+36%) from $299M in Q1 2026 to $406M in Q2 2026.
What drove Phoenix Energy One, LLC's revenue change in Q2 2026?
Product +$60.3M (+33%); Crude Oil +$30.9M (+40%); Mineral and Royalty +$13.4M (+38%).