Phoenix Energy One, LLC (PHXE-P) Cost of Revenue (2024 - 2026)

Phoenix Energy One (PHXE-P) has reported Cost of Revenue for 3 consecutive years, with $56.1 million the latest figure, recorded in Q1 2026.

• In Q1 2026, Cost of Revenue rose 107.11% year-over-year to $56.1 million; the TTM figure through Mar 2026 stood at $184.2 million (up 121.82% YoY), while the FY2025 annual figure was $155.2 million, up 142.71% from the prior year.
• Cost of Revenue grew to $56.1 million in Q1 2026 per PHXE-P's latest filing, from $50.0 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $56.1 million in Q1 2026 and bottomed at $8.0 million in Q1 2024.
• Historically, Cost of Revenue has averaged $30.6 million across 3 years, with a median of $27.1 million in 2025.
• Annual changes were most pronounced in 2025 — Cost of Revenue soared 239.3% — and 2026, when it surged 107.11%.
• Phoenix Energy One's Cost of Revenue stood at $23.6 million in 2024, then surged by 111.89% to $50.0 million in 2025, then gained by 12.11% to $56.1 million in 2026.
• Business Quant data shows PHXE-P's Cost of Revenue at $56.1 million in Q1 2026, $50.0 million in Q4 2025, and $42.9 million in Q3 2025.