PHXE-P · Phoenix Energy One, LLC
One customer — 44.3% of revenue (the six months ended June 30, 2026)
“For the six months ended June 30, 2026, one purchaser of our commodities and twelve third-party E&P operators made up 44.3% and 10.5% of our consolidated revenue, respectively, as compared to one purchaser of our commodities and eleven third-party E&P operators made up 47.0% and 18.0% of our consolidated revenue, respectively, for the six months ended June 30, 2025.”
One customer — 43.3% of revenue (the three months ended June 30, 2026)
“For the three months ended June 30, 2026, one purchaser of our commodities and eleven third-party E&P operators made up 43.3% and 9.8% of our consolidated revenue, respectively, as compared to one purchaser of our commodities and twelve third-party E&P operators that made up 33.0% and 16.0% of our consolidated revenue, respectively, for the three months ended June 30, 2025.”
12 customers — 10.5% of revenue (the six months ended June 30, 2026)
“For the six months ended June 30, 2026, one purchaser of our commodities and twelve third-party E&P operators made up 44.3% and 10.5% of our consolidated revenue, respectively, as compared to one purchaser of our commodities and eleven third-party E&P operators made up 47.0% and 18.0% of our consolidated revenue, respectively, for the six months ended June 30, 2025.”
11 customers — 9.8% of revenue (the three months ended June 30, 2026)
“For the three months ended June 30, 2026, one purchaser of our commodities and eleven third-party E&P operators made up 43.3% and 9.8% of our consolidated revenue, respectively, as compared to one purchaser of our commodities and twelve third-party E&P operators that made up 33.0% and 16.0% of our consolidated revenue, respectively, for the three months ended June 30, 2025.”
2 customers — 14.9% of receivables (as of June 30, 2026)
“Similarly, as of June 30, 2026, we had concentrations in accounts receivable of 14.9% and 11.0% with two purchasers of our commodities, as compared to 16.0% and 10.0% with two purchasers of our commodities and 13.0% with one third-party E&P operator as of June 30, 2025.”
2 customers — 11% of receivables (as of June 30, 2026)
“Similarly, as of June 30, 2026, we had concentrations in accounts receivable of 14.9% and 11.0% with two purchasers of our commodities, as compared to 16.0% and 10.0% with two purchasers of our commodities and 13.0% with one third-party E&P operator as of June 30, 2025.”
Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.
Chart any reported metric, KPI or segment over time — the full statement history lives here
| Line Item | TTM | FY2025 | FY2024 | FY2023 |
|---|---|---|---|---|
| $1.11B | $687.18M | $281.23M | $118.11M | |
| $200.63M | $155.21M | $63.95M | $19.73M | |
| $911.5M | $531.97M | $217.28M | $98.37M | |
| — | 77.41% | 77.26% | 83.29% | |
| $17.26M | $26.05M | $29.17M | $14.31M | |
| $244.57M | $177.91M | $85.98M | $34.23M | |
| $767.05M | $511.61M | $208.83M | $86.12M | |
| $345.09M | $175.58M | $72.4M | $31.99M | |
| — | 25.55% | 25.74% | 27.08% | |
| $589.66M | $353.49M | $158.37M | $66.22M | |
| $199.18M | $161.21M | $90.21M | $47.88M | |
| -$337.41M | -$109.47M | -$97.19M | -$48.18M | |
| $7.68M | $66.11M | -$24.79M | -$16.19M | |
| — | 9.62% | -8.82% | -13.71% |
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Product & Service (USD)
| Component | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Product | $437,421,000 | $125,649,000 | $0 |
| Mineral and Royalty | $124,999,000 | $152,999,000 | $118,088,000 |
| Crude Oil | $113,421,000 | $0 | $0 |
| Water Services | $10,777,000 | $2,478,000 | $0 |
| Other Revenue | $562,000 | $101,000 | $17,000 |