Phoenix Energy
Phoenix Energy (formerly Phoenix Capital Group) is a real, fast-growing Williston Basin oil producer that funds itself by selling unsecured bonds at 9-16.5% directly to individual investors — $1.82 billion of total debt at mid-2026, every retail dollar of it sitting below a $525 million Fortress secured facility whose covenants the company failed at year-end 2025 and again each month from April to July 2026 (waived both times), while contracted future interest on the book exceeds the principal itself and the company's own filings say 2025 operating cash flow alone could not service the debt.
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Platform Identity
- Website
- phoenixenergy.com
- Headquarters
- Irvine, US
- Founded
- 2019
- Parent
- Phoenix Equity (majority voting interests: Lion of Judah Capital, LLC)
- Platform type
- Direct-Issuer High-Yield Corporate Bonds (Oil & Gas E&P Operator)
- Eligibility
- retail
AltStreet Coverage
- Review status
- Published
- Coverage type
- Investment platform
- Review date
- Aug 29, 2026
- Last updated
- Sep 16, 2026
- Composite score
- 4.1
- Structural signals
- 20 total
Key Data Points
- EDGAR-linked offerings
- 2
- Filing-verified raised
- $1.54B
Auditors of Record
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Reference Reading
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