IRVINE, Calif., June 18, 2026 (GLOBE NEWSWIRE) -- Phoenix Energy One, LLC ('Phoenix Energy” or the 'Company”), an energy company focused on oil and gas exploration and production across key U.S. basins, with a primary footprint in the Williston Basin in North Dakota and Montana, announced today its board of directors has authorized a cash distribution for the Series A Cumulative Redeemable Preferred Shares (the 'Preferred Shares”) of $0.625 per Preferred Share to holders of record as of the close of business on July 1, 2026, which distribution will be paid on July 15, 2026.