Phoenix Energy Announces Distribution for Preferred Shares

Phoenix Energy (NYSE American: PHXE.P) authorized a cash distribution on its Series A Cumulative Redeemable Preferred Shares of $0.625 per share.

Rhea-AI Summary

Phoenix Energy (NYSE American: PHXE.P) authorized a cash distribution on its Series A Cumulative Redeemable Preferred Shares of $0.625 per share.

Holders of record on July 1, 2026 will be paid on July 15, 2026, reflecting a 10.00% annual rate on a $25 liquidation preference.

Positive

• Authorized cash distribution of $0.625 per Series A preferred share
• Distribution reflects 10.00% per annum rate on $25 liquidation preference
• Clear record date July 1, 2026 and payment date July 15, 2026

Negative

• None.

Key Figures

Preferred cash distribution: $0.625 per Preferred Share Liquidation preference: $25.00 per Preferred Share Distribution rate: 10.00% per annum +4 more

Preferred cash distribution

$0.625 per Preferred Share

Series A distribution for period Apr 15, 2026–Jul 15, 2026

Liquidation preference

$25.00 per Preferred Share

Basis for stated 10.00% annual distribution rate

Distribution rate

10.00% per annum

On $25.00 liquidation preference, Series A Preferred Shares

Record date

July 1, 2026

Holders of record eligible for $0.625 distribution

Payment date

July 15, 2026

Scheduled payment of declared Series A distribution

Preferred listing date

September 30, 2025

Series A Preferred listed on NYSE American

Day-count convention

360-day year, twelve 30-day months

Basis for calculating the 10.00% preferred distribution

Key Terms

cumulative redeemable preferred shares, liquidation preference, nyse american llc, edgar

4 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.

nyse american llc financial

"The Company’s Preferred Shares are listed on the NYSE American LLC"

NYSE American LLC is a U.S. securities exchange where shares and certain options are listed and traded, with a focus on smaller and mid-sized companies and specific listing rules and trading features. For investors, the exchange matters because it shapes how easily a stock can be bought or sold, the pool of buyers and sellers and the transparency and oversight around trading—like a marketplace that sets the stalls, hours and quality checks that affect liquidity and risk.

edgar regulatory

"share designation ... is available on Edgar through the SEC’s website"

EDGAR is a system used by companies to share important financial and business information with the public. It functions like an online filing cabinet where investors can access official reports and documents that help them understand a company's financial health and operations. This transparency allows investors to make more informed decisions, much like checking a company's report card before investing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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IRVINE, Calif., June 18, 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 July 1, 2026, which distribution will be paid on July 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 April 15, 2026 to and excluding July 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What dividend did Phoenix Energy (PHXE) declare for its Series A preferred shares on June 18, 2026?

Phoenix Energy declared a cash distribution of $0.625 per Series A Cumulative Redeemable Preferred Share. According to Phoenix Energy, this payment is based on a $25 liquidation preference at a 10.00% annual rate for the period from April 15 to July 15, 2026.

What are the record date and payment date for Phoenix Energy (PHXE) Series A preferred distribution?

The record date is July 1, 2026, and the payment date is July 15, 2026. According to Phoenix Energy, holders of Series A preferred shares on the July 1 close of business will receive the $0.625 per share cash distribution on July 15.

How is the $0.625 Phoenix Energy (PHXE) preferred distribution amount calculated?

The $0.625 distribution is calculated using a 10.00% annual rate on a $25 liquidation preference. According to Phoenix Energy, it is computed on a 360-day year of twelve 30-day months for the period from April 15, 2026 to July 15, 2026.

On which exchange are Phoenix Energy (PHXE) Series A preferred shares listed and under what ticker?

Phoenix Energy’s Series A preferred shares are listed on NYSE American under ticker PHXE.P. According to Phoenix Energy, the shares may appear as PHXE-P, PHXE-PR, or PHXE/P on some brokerage platforms, and have traded since September 30, 2025.

What type of security is the Phoenix Energy (PHXE) Series A Cumulative Redeemable Preferred Share?

Phoenix Energy’s Series A is a cumulative redeemable preferred share with a stated $25 liquidation preference. According to Phoenix Energy, distributions like the $0.625 payment are made under the share designation in its Third Amended and Restated Limited Liability Company Agreement.