phoenix energy stock: PHXE.P preferred shares
Phoenix Energy One, LLC (preferred shares: PHXE.P)
phoenix energy stock refers to the Series A cumulative redeemable preferred shares issued by Phoenix Energy One, LLC (doing business as Phoenix Energy). The company launched a Regulation A+ offering of Series A preferred shares in 2025, with management disclosing an intended public listing on the NYSE American under the ticker PHXE.P. This article summarizes the company, the security, offering terms, timeline, trading considerations, investor materials and key risks; it is intended as an informational reference and not investment advice.
Company overview
Phoenix Energy One, LLC ("Phoenix Energy") was formed in 2019 and operates as an independent energy company focused on oil & gas exploration and production. Phoenix Energy's disclosed strategy emphasizes direct drilling, acquisition of royalty interests and non-operated working interests. Its primary operational footprint is in the Williston Basin, where the company reported exploration and production activity in 2024–2025 investor materials. Management describes a capital allocation approach that balances drilling programs, acreage consolidation and opportunistic royalties to generate midstream and upstream cash flows.
Securities and listing
Series A Cumulative Redeemable Preferred Shares (PHXE.P)
The security commonly referred to as phoenix energy stock in public materials is a Series A Cumulative Redeemable Preferred Share issued under a Regulation A+ offering in 2025. These preferred shares are perpetual in nature but include a stated liquidation preference and cumulative quarterly cash distributions. Phoenix Energy disclosed that the preferred shares were intended to be listed on the NYSE American under the ticker PHXE.P, subject to exchange approval and customary listing conditions.
Offering mechanics and terms
Key terms disclosed in the offering circular and public investor materials include:
- IPO price: $20 per preferred share.
- Stated liquidation preference: $25.00 per preferred share.
- Distribution schedule (expressed relative to the $25 liquidation preference): 10.0% per annum for the first three years, 10.5% in year four, and 11.0% in year five and beyond. Phoenix Energy converted these percentages to dollar distributions per $25 liquidation preference and provided corresponding effective yields relative to the $20 offering price.
- Example announced distribution: the company’s December 2025 press release authorized a quarterly distribution of $0.625 per preferred share for the quarter covering Oct. 15, 2025–Jan. 15, 2026 (this figure is consistent with a 10.0% annualized rate on a $25 liquidation preference; distributions remain subject to board declaration and applicable law).
- Minimum investment: offering materials stated a minimum initial investment requirement for direct purchasers under the Reg A+ process (see the offering circular for exact dollar thresholds and investor eligibility requirements).
- Redemption and company call: the shares are described as redeemable at the company’s option at specified redemption prices after defined periods, subject to the offering terms.
- IRA eligibility: the offering circular indicated that the preferred shares could be eligible for inclusion in certain IRAs, depending on custodian policies and the investor’s account structure.
All the above terms were presented in the company’s Form 1‑A offering circular filed with the SEC and in Phoenix Energy’s investor presentation and press releases. Investors must consult the offering circular for the complete terms, conditions, and legal disclaimers.
Listing and trading
Phoenix Energy stated that closing the Regulation A+ offering was conditioned on obtaining approval for listing the Series A preferred shares on the NYSE American. The company indicated that the preferred shares would trade under the ticker PHXE.P. Broker platforms may display tickers or preferred-stock suffixes differently; common stylizations for preferred securities include PHXE.P, PHXE-P, or PHXE/PR on various quote pages and brokerage terminals. Phoenix Energy cautioned that listing approval and active trading were not guaranteed, and market liquidity could be limited if trading commenced.
Offering timeline and corporate actions
Public disclosures and filings documented a sequence of corporate milestones:
- SEC Form 1‑A qualification: Phoenix Energy’s Form 1‑A offerring circular was qualified by the SEC in late August 2025, enabling the company to commence its Regulation A+ preferred-share offering.
- Launch of offering and marketing: Following SEC qualification, Phoenix Energy launched the offering and distributed investor presentation materials and press releases in September 2025.
- Listing expectation: The company targeted an NYSE American listing around late September 2025; listing application and approval remained subject to exchange review and closing conditions.
- Post-offering corporate actions: Phoenix Energy issued quarterly operating updates, declared distributions and released Q2/Q3 2025 financial results in late 2025 and early 2026. For example, a December 2025 press release announced a board-authorized quarterly distribution that illustrates the preferred shares’ cumulative distribution mechanics.
For authoritative timing and any subsequent developments, investors should consult Phoenix Energy press releases and the SEC EDGAR filings for official dates and texts.
Operations and business model
Phoenix Energy’s disclosed core activities center on upstream oil and gas operations: exploration, development drilling and production. The company reported primary operational presence in the Williston Basin and referenced asset classes that include operated wells, non-operated working interests and royalty positions. Management emphasized capital discipline, targeting returns through both drilling-led cash flow generation and strategic royalty acquisitions to diversify production exposure.
The company’s investor materials provide additional operational metrics, such as well counts, estimated proved reserves and production volumes for specific reporting periods; those figures are dynamic and should be verified against the company’s latest operating reports and audited or reviewed financial statements.
Financial results and investor materials
Phoenix Energy released quarterly financial and operating results (including Q2 and Q3 2025 reports) alongside investor presentations and the Form 1‑A offering circular. These materials include balance-sheet snapshots, statements of operations, cash-flow highlights, and management discussion of capital expenditures and production performance. The offering circular and investor presentation are the primary sources for the preferred-share terms and related legal disclaimers.
Source documents to consult for detailed financial data include:
- The Form 1‑A offering circular and any amendments filed with the SEC (EDGAR).
- Company press releases announcing quarterly results and corporate actions.
- Investor presentation decks published by Phoenix Energy in 2025.
Dividends / distributions
The Series A preferred shares are cumulative and payable by quarterly cash distributions when declared by the board. The stated distribution schedule in the offering materials tied percentage rates to the $25 liquidation preference, producing set quarterly cash amounts when declared. For example, a 10.0% annual rate on a $25 liquidation preference equates to $2.50 per share annually, or $0.625 per quarter — consistent with Phoenix Energy’s December 2025 announcement authorizing a $0.625 quarterly distribution for the Oct. 15, 2025–Jan. 15, 2026 period.
Important distribution caveats:
- Distributions are subject to the board’s declaration and applicable state law and contractual restrictions; they are not guaranteed.
- Cumulative status means unpaid distributions generally accrue and are owed to holders before certain declared common-stock dividends, but accrued distributions may still be subject to subordination or other structural limits described in the offering circular.
- Dividend history (declared and paid) and future distribution policy may change with company performance, liquidity and corporate decisions.
Trading, market data and performance
Market quotes for phoenix energy stock (PHXE.P) are available on financial quote pages and brokerage platforms if and when the shares trade. Market data commonly reported includes last trade price, day range, 52‑week high/low, volume and indicative dividend yield. Preferred shares typically show different price behavior and liquidity profiles compared with common equity; they can be more sensitive to interest-rate moves and issuer credit perceptions, and may trade at premiums or discounts to liquidation preferences.
Common sources for market data include broker quote pages, dedicated market-data sites and financial news outlets. Note that platform tickers and preferred-stock suffixes differ across vendors—expect PHXE.P, PHXE-P, or PHXE/PR to appear in various feeds. If market quotations are thin or not widely distributed, price discovery may be limited and spreads wider than for larger-cap, highly liquid securities.
Regulatory filings and investor access
The principal public documents for phoenix energy stock investors are the Form 1‑A offering circular and any subsequent Form 1‑A amendments or related SEC filings. These documents contain the legal terms of the offering, risk factors, financial statements and the identities of selling agents and underwriters. Phoenix Energy’s press releases and investor presentations supplement those filings with operating updates and management commentary.
Investor access considerations under Regulation A+ include investor suitability and purchase mechanics: Regulation A+ offerings typically allow both accredited and non‑accredited investors to participate within specified limits and disclosure frameworks, but final availability and any minimum investment thresholds are set forth in the offering circular and by selling agents. Broker‑dealer or selling-agent disclosures are also provided in the offering materials.
Risks and disclosures
Phoenix Energy’s offering circular and related investor materials include an extensive risk factor section. Principal investor cautions include:
- Distribution uncertainty: Distributions require board declaration and may be reduced, delayed or eliminated by the company under financial stress or legal constraints.
- Speculative and illiquid nature: Regulation A+ securities and smaller preferred-share offerings may be speculative and subject to limited secondary-market liquidity.
- Dependence on listing approval: The offering completion was conditioned on listing approval; failure to obtain a listing could materially affect liquidity and price discovery.
- Business and industry risks: Exposure to commodity-price volatility, operational risks, environmental and regulatory matters, and capital‑intensive drilling activities.
- No guarantee of redemption or return of capital: Preferred shares are unsecured equity-like securities with specific contractual rights; they are not the same as bank deposits or investment-grade bonds.
- Regulatory and legal risks: Offers made under Regulation A+ are subject to SEC rules and state securities law considerations; changes in law could affect investor protections or issuer obligations.
The offering circular includes additional legal disclaimers and language that investors should read carefully before making any decision.
Corporate governance and management
Investor materials include management biographies, board composition and disclosures of related-party arrangements. Phoenix Energy named specific managers and directors in its investor presentation and offering circular, and disclosed relationships with third parties such as Dalmore Group, LLC and Digital Offering, LLC in distribution or broker-dealer contexts where applicable. For exact biographies, compensation practices and governance documents, consult the company’s investor presentation and Form 1‑A exhibits.
Disambiguation — similarly named entities
The name "Phoenix" appears across multiple firms in the energy sector. To avoid confusion, phoenix energy stock (PHXE.P) refers specifically to the Series A preferred shares of Phoenix Energy One, LLC. Investors should be careful not to confuse these preferred shares with other companies such as PHX Energy Services Corp. listed on Canadian exchanges (ticker PHX.TO or PHXHF) or unrelated entities that feature "Phoenix" or "PHX" in their names.
References and further reading
Primary sources for facts in this article include Phoenix Energy press releases (offering and preferred-share pages, investor presentation, quarterly results), the Form 1‑A offering circular and amendments filed with the SEC, and market-quote pages that may list PHXE.P. Official documents and SEC filings should be consulted for legally binding details and the most current information.
Contextual market note (news reference)
As of Jan 27, 2026, Benzinga reported on broader pre-market movers across U.S. exchanges, noting gains and losses in multiple tickers and highlighting how earnings and corporate events can drive early trading activity. That market snapshot underscores that issuer-specific events (earnings, regulatory approvals, or corporate announcements) and macro drivers can influence market behavior for equities and preferred shares alike. Investors tracking phoenix energy stock should note the date and source when correlating market-wide movements with company-level developments; market-data contexts change daily.
Reporting date and source: As of Jan 27, 2026, Benzinga provided pre-market trading coverage and a list of actively moving tickers, illustrating the broader market backdrop around the time of Phoenix Energy’s late‑2025 actions.
How to verify current data and next steps for investors
To verify the most current status of phoenix energy stock, holders and prospective investors should:
- Review the Form 1‑A offering circular and any amendments filed on the SEC EDGAR system for binding terms and risk disclosures.
- Check Phoenix Energy press releases and investor-relations materials for declared distributions, corporate actions and official announcements on listing status.
- Consult market-data pages and broker feeds for live quotes, volume and indicative yields if PHXE.P is actively trading. Remember that platform tickers can adopt different suffixes for preferreds.
- Speak with qualified financial, tax or legal advisors for questions about suitability, IRA eligibility, custodial acceptance and tax treatment of preferred-share distributions.
Important investor cautions and legal language
The following points reflect the offering’s legal framing (paraphrased for clarity): phoenix energy stock was offered under Regulation A+ and the offering materials include forward‑looking statements and risk disclosures. Distributions are subject to the board’s discretion and legal limits; the offering’s completion was conditioned on obtaining an exchange listing; and there are no assurances regarding market liquidity, trading price or future corporate actions. These statements are factual summaries and not legal or investment advice — consult the offering circular and counsel for definitive guidance.
Where Bitget fits in
Phoenix Energy’s preferred shares are U.S. securities and, if listed on NYSE American and made available through global brokers, could be traded via platforms that support U.S.-listed equities and preferreds. For users interested in trading and custody services, Bitget provides trading infrastructure and custody solutions for a broad set of digital assets and traditional securities access where supported. Prospective investors should confirm availability of any specific U.S. securities like PHXE.P on their brokerage or custody platform and follow Bitget’s platform disclosures and eligibility rules.
Frequently asked practical questions
Is phoenix energy stock a cryptocurrency?
No. phoenix energy stock (PHXE.P) is a Regulation A+ preferred equity security issued by Phoenix Energy One, LLC. It is not a cryptocurrency or tokenized asset.
How are distributions paid and when were they announced?
The Series A preferred shares are cumulative with quarterly cash distributions declared by the board. As disclosed in the company’s December 2025 press release, the board authorized a $0.625 per share quarterly distribution for the Oct. 15, 2025–Jan. 15, 2026 quarter, illustrating the declared payment pattern when the board acts. Distribution payments depend on board declarations and applicable corporate constraints.
How can I find the offering circular and official filings?
Search the SEC EDGAR system for Phoenix Energy One, LLC Form 1‑A and subsequent filings to access the offering circular, financial statements and exhibits. Also consult Phoenix Energy’s investor relations pages and press releases for presentation decks and corporate announcements.
What should I watch for after a Reg A+ preferred offering?
- Exchange listing approval and the commencement of secondary-market trading.
- Declared distributions and any changes to dividend policy.
- Operating results, production metrics and commodity-price exposure that can influence issuer cash flow.
- Broker/custodian acceptance for IRAs and other account types where applicable.
Further exploration and resources
For those wishing to delve deeper into phoenix energy stock, start with the Form 1‑A offering circular, the company’s investor presentation and the press releases documenting distribution declarations and quarterly operating results. Track market-data pages for PHXE.P quotations (if trading) and monitor relevant regulatory filings for amendments or additional disclosures.
If you use Bitget for custody or trading services, review Bitget’s platform notices and product offerings to determine whether U.S.-listed preferred shares and IRA-eligible securities are available and for any procedural steps required to participate.
Article last updated: Jan 27, 2026 (reflects Phoenix Energy disclosures through late 2025 and a market context note from Benzinga dated Jan 27, 2026). For the most recent company or market information, consult the primary sources cited above.
This article aims to provide a neutral, factual summary of phoenix energy stock and related corporate disclosures. It does not provide investment, tax or legal advice. Always consult the offering documents and professional advisors before making investment decisions.
