Phoenix Energy One, LLC
Phoenix Energy One, LLC is a U.S.-based oil and gas company organized around mineral and royalty interests, non-operated working interests, and operated upstream production through its wholly owned subsidiary PhoenixOp. The company also includes Firebird Marketing and Firebird Services, which handle crude oil marketing and water disposal services tied to its producing properties.
Tilikausi 2025 · muutos edellisvuodesta
Kehitys 2023–2025
Liiketoiminta
Osuus liikevaihdostaPassive interests that earn a share of production proceeds from third-party operators.
PhoenixOp's drilling, extraction, and sale of crude oil, natural gas, and NGL.
Purchase and resale of crude oil through Firebird Marketing as principal.
Saltwater disposal and related services for PhoenixOp and third parties.
Redemption fees and intersegment or financing-related revenue items.
Tuotteet
Raportoitu · osuus liikevaihdosta- Products63,7 %
- Mineral and Royalty18,2 %
- Crude Oil16,5 %
- Water Services1,6 %
Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.
Asiakkaat
Phoenix Energy One sells into the upstream energy value chain rather than to end consumers. Its customers include crude oil and natural gas purchasers, third-party working interest owners, royalty interest holders, and operators that use water disposal services. The company also has internal customers through intercompany activity between PhoenixOp and the other segments.
Refiners, marketers, and other purchasers that buy crude oil, natural gas, and NGL from PhoenixOp or Firebird Marketing.
E&P operators and production counterparties that generate royalty and mineral revenue tied to well output.
Owners sharing in production and disposal economics on wells operated by PhoenixOp.
PhoenixOp and third parties that pay fixed-fee saltwater disposal charges.
Investors interacting with the capital-raising and redemption-fee activities in the securities segment.
Strategia
The company is building a larger share of revenue from operated production through PhoenixOp while continuing to monetize mineral and royalty interests. It also uses Firebird Marketing and Firebird Services to capture additional value from crude sales and disposal services tied to its operating footprint. Acquisitions of mineral and royalty interests remain part of the growth model, with new assets expected to contribute over time as wells and properties mature.
Operated wells give the company direct control over production volumes and sales mix.
Product sales can become a larger share of total revenue than passive royalty income.
Acquisitions add long-duration exposure to producing acreage and future drilling activity.
Water disposal and related services create incremental revenue around the operating base.
Maantiede
Phoenix Energy One is a U.S.-based business, and its operating footprint is tied to domestic oil and gas properties and wells. The reports provided do not disclose a country-by-country revenue split, but the company’s activities, counterparties, and regulatory exposure are centered in the United States. Geography matters mainly through local drilling conditions, weather, environmental regulation, and access to U.S. commodity markets and infrastructure.
Riskit
The business is exposed to commodity price swings, production declines, and operational hazards inherent in drilling and producing oil and gas. Because PhoenixOp is an operator, the company also faces environmental, weather, cybersecurity, and execution risks that can disrupt production, increase costs, or delay cash collection. Acquisition-driven growth adds integration and valuation risk, while the securities segment introduces financing and redemption-related complexity.
- Commodity price volatilityVaikutus: KorkeaTodennäköisyys: Korkea
Revenue depends on market-based prices for crude oil, natural gas, and NGL.
Kohdistuu: All operating and royalty revenue streams
- Operational and environmental incidentsVaikutus: KorkeaTodennäköisyys: Kohtalainen
Upstream drilling and production can involve spills, blowouts, leaks, and regulatory penalties.
Kohdistuu: PhoenixOp and third-party-operated wells
- Cybersecurity disruptionVaikutus: KorkeaTodennäköisyys: Kohtalainen
Digital systems are used for operating data, financial records, and transaction settlement.
Kohdistuu - Weather and climate disruptionVaikutus: KeskitasoTodennäköisyys: Kohtalainen
Freeze-offs and severe weather can temporarily halt production and damage equipment.
Kohdistuu: U.S. field operations
- Acquisition execution riskVaikutus: KeskitasoTodennäköisyys: Kohtalainen
New mineral and royalty assets may take time to generate revenue and may not be accretive.
Kohdistuu: Growth through acquisitions
Kirjanpito
Harkinnanvaraiset erätOil, gas, and NGL sales are recognized when control transfers, which can create timing differences.
Vaikutus: Affects quarterly revenue and receivables
Reported revenue may include estimates for volumes sold and prices not yet settled in cash.
Vaikutus: Can move revenue and working capital between periods
Firebird Marketing records crude purchases and sales gross when acting as principal, while royalty revenue is netted.
Vaikutus: Changes reported revenue scale and margin comparability
PhoenixOp, mineral/non-operating, and securities activities include intersegment charges and shared costs.
Vaikutus: Affects segment profitability and consolidated results
Operating assets and wells may require impairment testing if commodity prices or production assumptions weaken.
Vaikutus: Can create non-cash charges in periods of underperformance
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Päivitetty: 24.9.2026