IRVINE, Calif., Oct. 01, 2025 (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, recently announced the successful closing of its initial public offering of Series A Cumulative Redeemable Preferred Shares (the "Preferred Shares") conducted pursuant to Regulation A under the Securities Act of 1933, as amended, and is now listed on the NYSE American LLC (NYSE MKT: PHXE.P).
In accordance with the terms of the Company's Preferred Shares, a short-period initial distribution of $0.11111 per share is payable on October 15, 2025, to holders of record on October 1, 2025.
The distribution rate, and other rights of the holders of Preferred Shares, are set forth in the Third Amended and Restated Limited Liability Company Agreement of Phoenix Energy One, LLC, which is available on Edgar through the SEC's website.
To learn more about Phoenix Energy, visit the Company's website at https://phoenixenergy.com.
About Phoenix Energy:
Phoenix Energy One, LLC, doing business as Phoenix Energy, is an energy company formed in 2019. The company is 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. Phoenix Energy operates under a three-pronged strategy of direct drilling, royalty acquisition, and non-operated working interests.
Phoenix Energy is headquartered in Irvine, CA, with offices in Denver, CO, Dallas, TX, Fort Lauderdale, FL, Casper, WY, and Dickinson and Williston, ND, with more than 165 employees across these seven locations.
Contact Phoenix Energy:
Investor Relations
investorrelations@phoenixenergy.com
303.376.9778
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.
Forward-looking statements are based on Phoenix Energy's beliefs, assumptions, and expectations, taking into account currently known market conditions and other factors. Phoenix Energy's ability to predict results or the actual effect of future events, actions, plans, or strategies is inherently uncertain and involves certain risks and uncertainties, many of which are beyond its control. Phoenix Energy's actual results and performance could differ materially from those set forth or anticipated in its forward-looking statements. Factors that could cause Phoenix Energy's actual results to differ materially from the expectations described in the forward-looking statements include, but are not limited to, the factors described in its filing with the SEC, including under the heading entitled "Risk Factors" therein. When considering forward-looking statements, you should keep in mind the risk factors and other cautionary statements included in this press release and Phoenix Energy's other filings with the SEC. You are cautioned that the forward-looking statements included in this press release are not guarantees of future performance, and there can be no assurance that such statements will be realized or that the forward-looking events and circumstances will occur. Any forward-looking statement made by Phoenix Energy in this press release speaks only as of the date of this press release, and Phoenix Energy undertakes no obligation to publicly update any forward-looking statement except as may be required by law.
