Phoenix Energy One Successfully Lists on NYSE American
Phoenix Energy One, LLC, a rising star (phoenix) in the energy sector, has successfully completed its initial public offering (IPO) of Series A Cumulative Redeemable Preferred Shares. The company is now listed on the NYSE American LLC under the ticker symbol PHXE.P.
Based in Irvine, CA, Phoenix Energy operates from multiple locations across the United States. It maintains offices in Denver, CO, Dallas, TX, Fort Lauderdale, FL, Casper, WY, and Dickinson and Williston, ND, employing over 165 people.
The company operates under a three-pronged strategy. It engages in direct drilling, royalty acquisition, and non-operated working interests. Phoenix Energy One, LLC was established in 2019, focusing on oil and gas exploration and production. Its primary footprint lies in the Williston Basin, spanning North Dakota and Montana.
Following its IPO, Phoenix Energy One, LLC will pay an initial distribution of $0.11111 per share on October 15, 2025, to holders of record on October 1, 2025. The company's listing on the NYSE American LLC marks a significant milestone in its growth and expansion.
