Phoenix Energy Announces Distribution for Preferred Shares

Rhea-AI Summary

Phoenix Energy (NYSE MKT: PHXE.P) authorized a cash distribution of $0.625 per Series A preferred share to holders of record on April 1, 2026, payable on April 15, 2026.

The payment is based on a $25.00 liquidation preference and a 10.00% per annum rate for the period from January 15, 2026 to April 15, 2026, calculated on a 360-day year (twelve 30-day months). Preferred shares have traded on NYSE American since September 30, 2025 and may appear as PHXE.P, PHXE-P, PHXE-PR, or PHXE/P on broker platforms.

Positive

• Cash distribution of $0.625 per preferred share announced
• 10.00% annualized rate applied to $25.00 liquidation preference
• Clear record and payment dates: record date April 1, 2026; pay date April 15, 2026

Negative

• None.

Key Figures

Preferred distribution: $0.625 per Preferred Share Liquidation preference: $25.00 per Preferred Share Distribution rate: 10.00% per annum +5 more

8 metrics

Preferred distribution $0.625 per Preferred Share Series A distribution from Jan 15, 2026 to Apr 15, 2026

Liquidation preference $25.00 per Preferred Share Basis for 10.00% per annum distribution rate

Distribution rate 10.00% per annum On $25.00 stated liquidation preference, 360‑day year basis

Record date April 1, 2026 Holders of record entitled to $0.625 distribution

Payment date April 15, 2026 Scheduled cash distribution date for Series A Preferred

Preferred listing date September 30, 2025 Series A Preferred listed on NYSE American (PHXE.P)

2025 revenue $687.2 million Reported in 2025 Form 10-K annual filing

2025 net income $66.1 million Reported in 2025 Form 10-K annual filing

Market Reality Check

normal vol

Market Pulse Summary

This announcement confirms a scheduled cash distribution of $0.625 per Series A preferred share, ref...

Analysis

This announcement confirms a scheduled cash distribution of $0.625 per Series A preferred share, reflecting a 10.00% annual rate on the $25.00 liquidation preference for the stated period. It is consistent with the existing share designation and applies to holders of record on April 1, 2026, with payment on April 15, 2026. Investors may contextualize this income stream alongside the company’s reported revenue of $687.2 million and net income of $66.1 million in 2025.

Key Terms

cumulative redeemable preferred shares, liquidation preference

2 terms

cumulative redeemable preferred shares financial

"authorized a cash distribution for the Series A Cumulative Redeemable Preferred Shares"

Cumulative redeemable preferred shares are a type of stock that pays regular dividends which, if skipped, accumulate and must be paid later; think of it like an interest-bearing note where missed payments pile up. The redeemable feature means the issuer can (or sometimes must) buy the shares back at a preset price or date, so investors get a clearer path to getting their money back. These features matter because they provide steadier income than common stock and a higher claim on payouts, but they also carry the issuer’s repayment risk and limited upside.

liquidation preference financial

"based on the stated liquidation preference of $25.00 per Preferred Share"

A liquidation preference is a rule that determines who gets paid first and how much they receive when a company is sold, goes bankrupt, or distributes its assets. It gives certain investors a priority claim—often returning their original investment plus any agreed multiple—before other owners receive money, which shapes how much common shareholders and founders ultimately get; think of it as a front-of-the-line pass that affects payout order and investor returns.

AI-generated analysis. Not financial advice.

IRVINE, Calif., March 20, 2026 (GLOBE NEWSWIRE) -- Phoenix Energy One, LLC (“Phoenix Energy” or the “Company”), an energy company focused on oil and gas exploration and production across key U.S. basins, with a primary footprint in the Williston Basin in North Dakota and Montana, announced today its board of directors has authorized a cash distribution for the Series A Cumulative Redeemable Preferred Shares (the “Preferred Shares”) of $0.625 per Preferred Share to holders of record as of the close of business on April 1, 2026, which distribution will be paid on April 15, 2026.

The announced distribution is consistent with and made pursuant to the terms of the share designation for the Preferred Shares attached to the Third Amended and Restated Limited Liability Company Agreement of the Company, which is available on Edgar through the SEC’s website and is based on the stated liquidation preference of $25.00 per Preferred Share (calculated on a 360-day year of twelve 30-day months) at a rate of 10.00% per annum for the period from and including January 15, 2026 to and excluding April 15, 2026.

The Company’s Preferred Shares are listed on the NYSE American LLC (NYSE MKT: PHXE.P) and might appear stylized as PHXE-P, PHXE-PR, or PHXE/P on different brokerage platforms. The preferred shares have been listed since September 30, 2025.

To learn more about Phoenix Energy, visit the Company’s website at https://phoenixenergy.com.

About Phoenix Energy

Founded in 2019 and headquartered in Irvine, California, Phoenix Energy is an innovative energy company specializing in oil production, mineral rights royalty acquisition, and non-operating working interests. Phoenix Energy’s drilling operations are currently focused on the Williston Basin (North Dakota and Montana), as well as the Powder River and Denver-Julesburg Basins (Wyoming and Colorado). Its royalty and working interest acquisitions target mineral, leasehold, overriding, and perpetual royalty interests across major U.S. basins.

Disclaimer

This press release contains forward-looking statements, which are statements regarding all matters that are not historical facts and include statements regarding Phoenix Energy’s current views, hopes, intentions, beliefs, or expectations concerning, among other things, its results of operations, financial condition, liquidity, prospects, growth, strategies, and position in the markets and the industries in which it operates. These forward-looking statements are generally identifiable by forward looking terminology such as “expect,” “believe,” “anticipate,” “outlook,” “could,” “target,” “project,” “intend,” “plan,” “seek,” “estimate,” “should,” “will,” “approximately,” “predict,” “potential,” “may,” and “assume,” as well as variations of such words and similar expressions referring to the future.

Contact

Company: Phoenix Energy One, LLC
Email: InvestorRelations@phoenixenergy.com
Address: 18575 Jamboree Road, Suite 830, Irvine, CA 92612
Phone: 949-416-5037

FAQ

What distribution did Phoenix Energy (PHXE.P) announce for preferred shares on March 20, 2026?

The company announced a cash distribution of $0.625 per Series A preferred share. According to Phoenix Energy, the payment reflects a 10.00% annual rate on a $25.00 liquidation preference for Jan 15–Apr 15, 2026.

When is the record date and payment date for the PHXE.P preferred share distribution in April 2026?

Record date is April 1, 2026 and payment date is April 15, 2026. According to Phoenix Energy, holders of record at close of business April 1 will receive the April 15 distribution.

How was the $0.625 preferred distribution for PHXE.P calculated for the Jan 15–Apr 15, 2026 period?

The distribution is based on a $25.00 liquidation preference and a 10.00% per annum rate using a 360-day year. According to Phoenix Energy, calculation uses twelve 30-day months for Jan 15–Apr 15, 2026.

How are Phoenix Energy preferred shares listed and how might PHXE.P appear on broker platforms?

Preferred shares are listed on NYSE American and may appear as PHXE.P, PHXE-P, PHXE-PR, or PHXE/P on broker platforms. According to Phoenix Energy, the preferred series has been listed since September 30, 2025.

Who is eligible to receive the Phoenix Energy preferred distribution payable April 15, 2026 (PHXE.P)?

Eligible holders are those on the company's books at the close of business on April 1, 2026. According to Phoenix Energy, only record holders as of that date will receive the April 15 payment.