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Encompass Capital Advisors LLC

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13F filer, CIK 1541901, New York, NY

Encompass Capital Advisors LLC reported $2,450,272,852 across 50 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-17. Its ten largest share positions make up 48.82% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001172661-26-001127

Period
2025-12-31
Reported value
$2.45B
Holdings
50
Top 10 weight
48.82%
New
23
Sold out
29

Part of the filer group Encompass Capital Advisors LLC

How groups are built

Largest buys vs the previous quarter

SecurityShares changeApprox. value
TEadded+21,504,901$144M
FANGnew+746,343$112M
SOCadded+6,317,325$57M
MTDRnew+1,254,678$53.2M
VNOMnew+1,348,366$52.1M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
FSLRexited-421,026-$92.8M
UECexited-6,769,688-$90.3M
WMBexited-1,298,275-$82.2M
KEXreduced-736,566-$81.2M
KGSexited-1,736,009-$64.2M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2025

Share positions as resolved from 13F-HR 0001172661-26-001127, largest first. % of portfolio is the value over $2,090,937,888, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
TET1 ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 13,463,268 shares; 2024Q4: 13,463,268 shares; 2025Q1: 13,463,268 shares; 2025Q2: 13,463,268 shares; 2025Q3: 13,463,268 shares; 2025Q4: 34,968,169 shares 34,968,169$234M11.17%+21,504,901Timeline
SOCSABLE OFFSHORE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 611,505 shares; 2024Q4: 1,400,000 shares; 2025Q1: 2,694,954 shares; 2025Q2: 4,952,023 shares; 2025Q3: 7,171,916 shares; 2025Q4: 13,489,241 shares 13,489,241$122M5.82%+6,317,3252026-10-01, 13G/A: 12,063,568 shares, 6.29% of the class, 13G/A filed 2026-10-08 Timeline
SEISOLARIS ENERGY INFRAS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,880,124 shares; 2024Q4: 2,290,643 shares; 2025Q1: 3,628,977 shares; 2025Q2: 3,627,158 shares; 2025Q3: 2,919,586 shares; 2025Q4: 2,559,543 shares 2,559,543$118M5.63%-360,043Timeline
FANGDIAMONDBACK ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 278,763 shares; 2025Q1: 471,944 shares; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 746,343 shares 746,343$112M5.37%newTimeline
NESRNATIONAL ENERGY SERVICES REUQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 8,829,032 shares; 2025Q1: 8,823,247 shares; 2025Q2: 9,205,887 shares; 2025Q3: 9,205,887 shares; 2025Q4: 7,103,284 shares 7,103,284$111M5.32%-2,102,603Timeline
CSTMCONSTELLIUM SEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,655,680 shares; 2024Q4: 1,838,324 shares; 2025Q1: 3,357,544 shares; 2025Q2: 5,362,760 shares; 2025Q3: 4,264,275 shares; 2025Q4: 4,657,915 shares 4,657,915$87.8M4.2%+393,640Timeline
KEXKIRBY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 932,827 shares; 2024Q4: 700,358 shares; 2025Q1: 925,357 shares; 2025Q2: 1,225,338 shares; 2025Q3: 1,386,324 shares; 2025Q4: 649,758 shares 649,758$71.6M3.42%-736,566Timeline
HPHELMERICH & PAYNE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 785,107 shares; 2025Q4: 2,081,644 shares 2,081,644$59.7M2.86%+1,296,537Timeline
MTDRMATADOR RES COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 779,431 shares; 2025Q3: not reported; 2025Q4: 1,254,678 shares 1,254,678$53.2M2.55%newTimeline
VNOMVIPER ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1,348,366 shares 1,348,366$52.1M2.49%newTimeline
NUENUCOR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 100,000 shares; 2025Q3: not reported; 2025Q4: 313,502 shares 313,502$51.1M2.45%newTimeline
WFRDWEATHERFORD INTL PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 510,830 shares; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 599,274 shares 599,274$46.9M2.24%newTimeline
BTEBAYTEX ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 13,948,516 shares 13,948,516$45.1M2.15%newTimeline
NXTNEXTPOWER INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,524,497 shares; 2025Q1: 2,630,114 shares; 2025Q2: 2,919,777 shares; 2025Q3: 1,191,583 shares; 2025Q4: 499,837 shares 499,837$43.5M2.08%-691,746Timeline
CMCCOMMERCIAL METALS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 699,756 shares; 2025Q3: not reported; 2025Q4: 599,871 shares 599,871$41.5M1.99%newTimeline
SHLSSHOALS TECHNOLOGIES GROUP INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,726,603 shares; 2024Q4: 5,410,245 shares; 2025Q1: not reported; 2025Q2: 13,204,602 shares; 2025Q3: 11,863,507 shares; 2025Q4: 4,823,369 shares 4,823,369$41M1.96%-7,040,138Timeline
AAALCOA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,148,890 shares; 2024Q4: 955,506 shares; 2025Q1: 268,923 shares; 2025Q2: not reported; 2025Q3: 857,220 shares; 2025Q4: 763,400 shares 763,400$40.6M1.94%-93,820Timeline
PDSPRECISION DRILLING CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 562,687 shares; 2024Q4: 558,346 shares; 2025Q1: 557,814 shares; 2025Q2: 557,556 shares; 2025Q3: 557,562 shares; 2025Q4: 556,638 shares 556,638$40M1.91%-924Timeline
JBHTHUNT J B TRANS SVCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 54,091 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 205,000 shares 205,000$39.8M1.91%newTimeline
GXOGXO LOGISTICS INCORPORATEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 400,000 shares; 2025Q4: 698,974 shares 698,974$36.8M1.76%+298,974Timeline
CHRDCHORD ENERGY CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 374,142 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 391,777 shares; 2025Q4: 391,127 shares 391,127$36.3M1.73%-650Timeline
SLISTANDARD LITHIUM CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 8,053,722 shares 8,053,722$36M1.72%newTimeline
PRIMPRIMORIS SVCS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 224,729 shares; 2024Q4: 473,288 shares; 2025Q1: 547,472 shares; 2025Q2: 586,040 shares; 2025Q3: 374,800 shares; 2025Q4: 289,907 shares 289,907$36M1.72%-84,893Timeline
ORAORMAT TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 638,532 shares; 2025Q4: 312,675 shares 312,675$34.5M1.65%-325,857Timeline
CCJCAMECO CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 899,650 shares; 2025Q3: 700,000 shares; 2025Q4: 375,000 shares 375,000$34.3M1.64%-325,000Timeline
HCCWARRIOR MET COAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 375,791 shares 375,791$33.1M1.58%newTimeline
WTTRSELECT WATER SOLUTIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 2,372,290 shares; 2025Q4: 3,118,824 shares 3,118,824$32.8M1.57%+746,534Timeline
VISTVISTA ENERGY S.A.B. DE C.V.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 823,451 shares; 2024Q4: 817,098 shares; 2025Q1: 1,016,319 shares; 2025Q2: 765,850 shares; 2025Q3: 965,859 shares; 2025Q4: 594,846 shares 594,846$28.9M1.38%-371,013Timeline
FLOCFLOWCO HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 534,803 shares; 2025Q2: 984,301 shares; 2025Q3: 1,234,313 shares; 2025Q4: 1,503,216 shares 1,503,216$28.2M1.35%+268,903Timeline
ECOOKEANIS ECO TANKERS CORQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 810,154 shares 810,154$27.4M1.31%newTimeline
TTITETRA TECHNOLOGIES INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 2,891,590 shares 2,891,590$27.1M1.3%newTimeline
ALMALMONTY INDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 2,908,033 shares 2,908,033$25.6M1.23%newTimeline
VTOLBRISTOW GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 699,429 shares 699,429$25.6M1.22%newTimeline
CMBTCMB.TECH NVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,503,007 shares; 2025Q4: 2,499,307 shares 2,499,307$24.1M1.15%+996,300Timeline
RNGRRANGER ENERGY SVCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,513,678 shares; 2024Q4: 1,502,000 shares; 2025Q1: 1,500,568 shares; 2025Q2: 1,513,284 shares; 2025Q3: 1,513,302 shares; 2025Q4: 1,510,795 shares 1,510,795$21.1M1.01%-2,507Timeline
KRSPURICE ACQUISITION CORP 3Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1,997,867 shares 1,997,867$21M1%newTimeline
ARCBARCBEST CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 164,355 shares; 2025Q3: not reported; 2025Q4: 275,000 shares 275,000$20.4M0.98%newTimeline
CNRCORE NATURAL RESOURCES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 225,000 shares 225,000$19.9M0.95%newTimeline
CENXCENTURY ALUM COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 750,000 shares; 2025Q2: 104,535 shares; 2025Q3: 811,162 shares; 2025Q4: 499,837 shares 499,837$19.6M0.94%-311,325Timeline
TBNTAMBORAN RES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 563,698 shares; 2025Q4: 713,698 shares 713,698$19.4M0.93%+150,000Timeline
TMCTMC THE METALS COMPANY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 3,000,000 shares 3,000,000$18.5M0.89%newTimeline
BBARRICK MNG CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,485,605 shares; 2025Q4: 400,000 shares 400,000$17.4M0.83%-1,085,605Timeline
SGMLSIGMA LITHIUM CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1,248,175 shares 1,248,175$16.5M0.79%newTimeline
BORRBORR DRILLING LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 2,748,241 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 3,554,800 shares 3,554,800$14.3M0.69%newTimeline
NVGSNAVIGATOR HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,349,563 shares; 2024Q4: 1,339,151 shares; 2025Q1: 1,337,875 shares; 2025Q2: 1,437,201 shares; 2025Q3: 1,437,217 shares; 2025Q4: 635,601 shares 635,601$11M0.53%-801,616Timeline
STNGSCORPIO TANKERS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 789,425 shares; 2025Q3: 1,238,960 shares; 2025Q4: 200,000 shares 200,000$10.2M0.49%-1,038,960Timeline
PPTAPERPETUA RESOURCES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,472,891 shares; 2025Q2: 3,608,369 shares; 2025Q3: not reported; 2025Q4: 168,750 shares 168,750$4.09M0.2%newTimeline
TEWST1 ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 355,465 shares; 2024Q4: 355,465 shares; 2025Q1: 355,465 shares; 2025Q2: 355,465 shares; 2025Q3: 355,465 shares; 2025Q4: 355,465 shares 355,465$416K0.02%0Timeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
OXYOCCIDENTAL PETE CORP COMcall5,565,200$229Mnew
UALUNITED AIRLS HLDGS INC Stockput1,167,000$130Mnew

Sold out in Q4 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
ARKKARK ETF TR6,922,500$597Mput
FSLRFIRST SOLAR INC421,026$92.8Mshares
UECURANIUM ENERGY CORP6,769,688$90.3Mshares
WMBWILLIAMS COS INC1,298,275$82.2Mshares
KGSKODIAK GAS SVCS INC1,736,009$64.2Mshares
MGYMAGNOLIA OIL & GAS CORP2,182,088$52.1Mshares
TSTENARIS S A1,432,704$51.2Mshares
BPBP PLC1,449,093$49.9Mshares
GLNGGOLAR LNG LTD1,140,969$46.1Mshares
INSWINTERNATIONAL SEAWAYS INC874,204$40.3Mshares
DINOHF SINCLAIR CORP697,632$36.5Mshares
TGSTRANSPORTADORA DE GAS DEL SU1,404,472$29.5Mshares
NXENEXGEN ENERGY LTD3,151,178$28.2Mshares
GATXGATX CORP149,946$26.2Mshares
CEGCONSTELLATION ENERGY CORP69,938$23Mshares
DTMDT MIDSTREAM INC195,690$22.1Mshares
CDLRCADELER A S1,053,393$21.8Mshares
BTUPEABODY ENGR CORP809,460$21.5Mshares
SOCSABLE OFFSHORE CORP1,225,400$21.4Mcall
GFRGREENFIRE RES LTD NEW4,619,563$21.3Mshares
TRNTRINITY INDS INC749,510$21Mshares
GPREGREEN PLAINS INC2,239,642$19.7Mshares
AALAMERICAN AIRLINES GROUP INC1,499,265$16.9Mshares
INRINFINITY NAT RES INC849,113$11.1Mshares
CSXCSX CORP297,749$10.6Mshares
AUGOAURA MINERALS INC199,700$7.43Mshares
PARRPAR PAC HOLDINGS INC151,517$5.37Mshares
ASPIASP ISOTOPES INC500,000$4.81Mshares
URGUR-ENERGY INC2,528,941$4.53Mshares

How Q4 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001172661-26-001127 base2026-02-17acceptance time not in the bulk data set