Filing Flows › Phoenix Energy One, LLC (PHXE-P) › Q2 2026
Phoenix Energy One, LLC (PHXE-P) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 10, 2026
Phoenix Energy One, LLC (PHXE-P) reported revenue of $406M for the second quarter 2026 (Q2 2026), +148% from a year earlier and +36% from the quarter before. Operating margin was 40.3%, net earnings $106M (26.1% of revenue).
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.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $406M | +36% | +148% |
| Operating profit | $164M | +78% | +250% |
| Net earnings | $106M | — | +467% |
| Operating cash flow | $173M | +67% | +105% |
What changed
Revenue was $405.9M in Q2 2026, up 148% year over year and up 36% from the previous quarter. Product was the largest line at 60% of revenue. Product added $144.6M year over year (up 149%), 60% of the total change.
Operating profit was $163.5M, a 40.3% margin (up 11.8 points year over year). Of the extra revenue versus Q2 2025, 48% reached operating profit, above the 29% margin then. Total costs grew 107% against revenue growth of 148%. The fastest-growing cost line was Other operating costs (+149%). Net earnings were $106.0M, up 467% year over year. The effective tax rate was 0.0%.
Operating cash flow was $173.5M (up 105% year over year), 164% of net earnings. Non-cash charges added back $74.3M of depreciation and amortization and $43K of share-based compensation.
Questions
What was Phoenix Energy One, LLC's revenue in the second quarter 2026?
Phoenix Energy One, LLC (PHXE-P) reported revenue of $406M for the second quarter 2026 (Q2 2026), +148% from a year earlier and +36% from the quarter before.
Was Phoenix Energy One, LLC profitable in the second quarter 2026?
Operating profit was $164M (40.3% of revenue) and net earnings $106M.