Phoenix Energy One, LLC announced a cash distribution of $0.625 per share for its Series A Cumulative Redeemable Preferred Shares. The distribution will be paid on July 15, 2026, to holders of record as of the close of business on July 1, 2026. The payment is consistent with the terms of the share designation in the Third Amended and Restated Limited Liability Company Agreement of the Company.

The distribution is calculated based on a stated liquidation preference of $25.00 per Preferred Share. The annual rate is 10.00%, applied over a 360-day year of twelve 30-day months. The specific period covered runs from and including April 15, 2026, to and excluding July 15, 2026.

Phoenix Energy's Preferred Shares are listed on the NYSE American LLC under the ticker PHXE. The shares may appear stylized as PHXE-P, PHXE-PR, or PHXE/P on various brokerage platforms. The listing has been active since September 30, 2025.

Distribution Details

Phoenix Energy is an energy company focused on oil and gas exploration and production across key U.S. basins. Its primary footprint is in the Williston Basin in North Dakota and Montana. The company is also involved in mineral rights royalty acquisition and non-operating working interests.

ONE Nuclear Energy LLC has entered into a Letter of Intent (LOI) with Sunshine Partners US LLC to evaluate the joint development of power generation projects across a portfolio of five sites in West Texas. The sites represent approximately 18,275 acres, marking a significant step in expanding large-scale energy solutions powered by natural gas and advanced nuclear technologies.

The agreement outlines a framework for both parties to assess the feasibility and potential of developing power generation infrastructure on the identified land. This strategic move aims to leverage the combined expertise of ONE Nuclear Energy in advanced nuclear technologies and Sunshine Partners' capabilities in project development.

Project Details

The focus of the LOI is on a specific portfolio of land located in West Texas. The following table provides an overview of the key parameters of the proposed joint development:

Strategic Objectives

ONE Nuclear Energy, an independent developer of large-scale energy solutions, intends to utilize this partnership to advance its portfolio of natural gas and advanced nuclear power projects. The evaluation process will determine the technical and commercial viability of the proposed developments.

The collaboration with Sunshine Partners US LLC is expected to facilitate the exploration of opportunities that align with the growing energy demands in the region. Further details regarding the timeline and specific investment requirements will be determined following the completion of the evaluation phase.