13F HOLDINGS REPORT
Encompass Capital Advisors LLC
Quarter ended Q4 2025 · Filed February 17, 2026 · Accession 0001172661-26-001127
Total Value
$2.45B
Positions
50
Other Managers
3
Confidential Omitted
No
Holdings (50)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | T1 ENERGY INC | TE-WT | 34,968,169 | $233.6M | 9.53% |
| 2 | OCCIDENTAL PETE CORP | 674599105 | 5,565,200 | $228.8M | 9.34% |
| 3 | UNITED AIRLS HLDGS INC | UNTCW | 1,167,000 | $130.5M | 5.33% |
| 4 | SABLE OFFSHORE CORP | SOC | 13,489,241 | $121.7M | 4.97% |
| 5 | SOLARIS ENERGY INFRAS INC | SEI | 2,559,543 | $117.7M | 4.80% |
| 6 | DIAMONDBACK ENERGY INC | FANG | 746,343 | $112.2M | 4.58% |
| 7 | NATIONAL ENERGY SERVICES REU | NESR | 7,103,284 | $111.2M | 4.54% |
| 8 | CONSTELLIUM SE | CSTM | 4,657,915 | $87.8M | 3.58% |
| 9 | KIRBY CORP | KEX | 649,758 | $71.6M | 2.92% |
| 10 | HELMERICH & PAYNE INC | HP | 2,081,644 | $59.7M | 2.44% |
| 11 | MATADOR RES CO | MTDR | 1,254,678 | $53.2M | 2.17% |
| 12 | VIPER ENERGY INC | VNOM | 1,348,366 | $52.1M | 2.13% |
| 13 | NUCOR CORP | NUE | 313,502 | $51.1M | 2.09% |
| 14 | WEATHERFORD INTL PLC | G48833118 | 599,274 | $46.9M | 1.91% |
| 15 | BAYTEX ENERGY CORP | BTE | 13,948,516 | $45.1M | 1.84% |
| 16 | NEXTPOWER INC | NXT | 499,837 | $43.5M | 1.78% |
| 17 | COMMERCIAL METALS CO | CMC | 599,871 | $41.5M | 1.69% |
| 18 | SHOALS TECHNOLOGIES GROUP IN | SHLS | 4,823,369 | $41.0M | 1.67% |
| 19 | ALCOA CORP | AA | 763,400 | $40.6M | 1.66% |
| 20 | PRECISION DRILLING CORP | PDS | 556,638 | $40.0M | 1.63% |
| 21 | HUNT J B TRANS SVCS INC | 445658107 | 205,000 | $39.8M | 1.63% |
| 22 | GXO LOGISTICS INCORPORATED | GXO | 698,974 | $36.8M | 1.50% |
| 23 | CHORD ENERGY CORPORATION | CHRD | 391,127 | $36.3M | 1.48% |
| 24 | STANDARD LITHIUM LTD | SLI | 8,053,722 | $36.0M | 1.47% |
| 25 | PRIMORIS SVCS CORP | 74164F103 | 289,907 | $36.0M | 1.47% |
| 26 | ORMAT TECHNOLOGIES INC | ORA | 312,675 | $34.5M | 1.41% |
| 27 | CAMECO CORP | CCJ | 375,000 | $34.3M | 1.40% |
| 28 | WARRIOR MET COAL INC | HCC | 375,791 | $33.1M | 1.35% |
| 29 | SELECT WATER SOLUTIONS INC | WTTR | 3,118,824 | $32.8M | 1.34% |
| 30 | VISTA ENERGY S.A.B. DE C.V. | VSOGF | 594,846 | $28.9M | 1.18% |
| 31 | FLOWCO HLDGS INC | FLOC | 1,503,216 | $28.2M | 1.15% |
| 32 | OKEANIS ECO TANKERS COR | ECO | 810,154 | $27.4M | 1.12% |
| 33 | TETRA TECHNOLOGIES INC DEL | 88162F105 | 2,891,590 | $27.1M | 1.11% |
| 34 | ALMONTY INDS INC | 020398707 | 2,908,033 | $25.6M | 1.05% |
| 35 | BRISTOW GROUP INC | VTOL | 699,429 | $25.6M | 1.05% |
| 36 | CMB.TECH NV | CMBT | 2,499,307 | $24.1M | 0.98% |
| 37 | RANGER ENERGY SVCS INC | 75282U104 | 1,510,795 | $21.1M | 0.86% |
| 38 | RICE ACQUISITION CORP 3 | KRSP-WT | 1,997,867 | $21.0M | 0.86% |
| 39 | ARCBEST CORP | ARCB | 275,000 | $20.4M | 0.83% |
| 40 | CORE NATURAL RESOURCES INC | CNR | 225,000 | $19.9M | 0.81% |
| 41 | CENTURY ALUM CO | CENX | 499,837 | $19.6M | 0.80% |
| 42 | TAMBORAN RES CORP | TBNRL | 713,698 | $19.4M | 0.79% |
| 43 | TMC THE METALS COMPANY INC | TMCWW | 3,000,000 | $18.5M | 0.76% |
| 44 | BARRICK MNG CORP | 06849F108 | 400,000 | $17.4M | 0.71% |
| 45 | SIGMA LITHIUM CORPORATION | SGML | 1,248,175 | $16.5M | 0.67% |
| 46 | BORR DRILLING LTD | BORR | 3,554,800 | $14.3M | 0.58% |
| 47 | NAVIGATOR HLDGS LTD | NVGS | 635,601 | $11.0M | 0.45% |
| 48 | SCORPIO TANKERS INC | STNG | 200,000 | $10.2M | 0.41% |
| 49 | PERPETUA RESOURCES CORP | PPTA | 168,750 | $4.1M | 0.17% |
| 50 | T1 ENERGY INC | TE-WT | 355,465 | $415,894 | 0.02% |