# EDGAR Filing Document

**Accession Number:** 0001541901
**File Stem:** 0001172661-26-002316
**Filing Date:** 2026-5
**Character Count:** 10556
**Document Hash:** 14629928438c11bbf65a390bf6ad43ce
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-26-002316.hdr.sgml**: 20260515

**ACCESSION NUMBER**: 0001172661-26-002316

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260515

**DATE AS OF CHANGE**: 20260515

**EFFECTIVENESS DATE**: 20260515

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Encompass Capital Advisors LLC
- **CENTRAL INDEX KEY:** 0001541901

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-15266
- **FILM NUMBER:** 26987584

**BUSINESS ADDRESS:**
- **STREET 1:** 200 PARK AVENUE, 16TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10166
- **BUSINESS PHONE:** 646-351-8452

**MAIL ADDRESS:**
- **STREET 1:** 200 PARK AVENUE, 16TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10166

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Encompass Capital Advisors LLC<br>**Address:** 200 Park Avenue 16th Floor<br>New York, NY 10166

**Form 13F File Number:** 028-15266

**CRD Number (if applicable):** 000160113

**SEC File Number (if applicable):** 801-73723

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Michelina Cuccia<br>**Title:** Chief Compliance Officer<br>**Phone:** 646-351-8468

**Signature, Place, and Date of Signing:**

/s/ Michelina Cuccia  New York, NY  05-15-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 3

**Form 13F Information Table Entry Total:** 61

**Form 13F Information Table Value Total:** $3338266387

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

| No.   | Name                                                 | Form 13F File Number   |
|:---|:---|:---|
|  | Encompass Capital Master Fund LP                     | 028-15267              |
|  | Encompass Capital E L Master Fund L.P.               | 028-16638              |
|  | Encompass Capital Energy Transition Master Fund L.P. | 028-24177              |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ALAMOS GOLD INC | COM CL A | 011532108 |  | 13331888 | 300065 | SH |  | DFND | 12 | 300065 | 0 | 0 |
| ALCOA CORP | COM | 013872106 |  | 40139533 | 605149 | SH |  | DFND | 123 | 605149 | 0 | 0 |
| ALMONTY INDS INC | COM NEW | 020398707 |  | 62276149 | 4300839 | SH |  | DFND | 123 | 4300839 | 0 | 0 |
| ASP ISOTOPES INC | COM | 00218A105 |  | 30551279 | 6912054 | SH |  | DFND | 123 | 6912054 | 0 | 0 |
| ATLAS ENERGY SOLUTIONS INC | COM NEW | 642045108 |  | 119853588 | 9135182 | SH |  | DFND | 123 | 9135182 | 0 | 0 |
| BAYTEX ENERGY CORP | COM | 07317Q105 |  | 89694763 | 20071614 | SH |  | DFND | 12 | 20071614 | 0 | 0 |
| BIMERGEN ENERGY CORP | *W EXP 12/12/203 | 84856X122 |  | 712500 | 1000000 | SH |  | DFND | 123 | 1000000 | 0 | 0 |
| BIMERGEN ENERGY CORP | COM NEW | 84856X205 |  | 1491000 | 700000 | SH |  | DFND | 123 | 700000 | 0 | 0 |
| BRISTOW GROUP INC | COM | 11040G103 |  | 27541498 | 587364 | SH |  | DFND | 12 | 587364 | 0 | 0 |
| CACTUS INC | CL A | 127203107 |  | 36262398 | 765514 | SH |  | DFND | 12 | 765514 | 0 | 0 |
| CENTURY ALUM CO | COM | 156431108 |  | 91049436 | 1551362 | SH |  | DFND | 123 | 1551362 | 0 | 0 |
| CF INDUSTRIES HOLD | COM | 125269100 |  | 34459536 | 265400 | SH | Put | DFND | 123 | 265400 | 0 | 0 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 441558936 | 1556100 | SH | Put | DFND | 123 | 1556100 | 0 | 0 |
| CMB.TECH NV | SHS | B38564108 |  | 44275000 | 3500000 | SH |  | DFND | 12 | 3500000 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 55850000 | 200000 | SH |  | DFND | 123 | 200000 | 0 | 0 |
| CONSTELLIUM SE | CL A SHS | F21107101 |  | 60891493 | 2477278 | SH |  | DFND | 123 | 2477278 | 0 | 0 |
| CORE NATURAL RESOURCES INC | COM SHS | 218937100 |  | 52365000 | 500000 | SH |  | DFND | 12 | 500000 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 32257090 | 785800 | SH |  | DFND | 12 | 785800 | 0 | 0 |
| DARLING INGREDIENTS INC | COM | 237266101 |  | 24740000 | 400000 | SH |  | DFND | 123 | 400000 | 0 | 0 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 26045632 | 517600 | SH |  | DFND | 12 | 517600 | 0 | 0 |
| ENPHASE ENERGY INC | COM | 29355A107 |  | 27234089 | 720288 | SH |  | DFND | 123 | 720288 | 0 | 0 |
| FLOWCO HLDGS INC | COM CL A | 342909108 |  | 26265906 | 1275044 | SH |  | DFND | 12 | 1275044 | 0 | 0 |
| FORGENT POWER SOLUTIONS INC | COM SHS CL A | 34631F102 |  | 56365210 | 1925699 | SH |  | DFND | 123 | 1925699 | 0 | 0 |
| KIRBY CORP | COM | 497266106 |  | 62401910 | 469611 | SH |  | DFND | 12 | 469611 | 0 | 0 |
| KNIGHT-SWIFT TRANSN HLDGS IN | CL A | 499049104 |  | 28790000 | 500000 | SH |  | DFND | 12 | 500000 | 0 | 0 |
| LINDE PLC | SHS | G54950103 |  | 24788000 | 50000 | SH |  | DFND | 123 | 50000 | 0 | 0 |
| LYONDELLBASELL INDUSTRIES NV | SHS - A - | N53745100 |  | 102633440 | 1274000 | SH | Put | DFND | 12 | 1274000 | 0 | 0 |
| MATSON INC | COM | 57686G105 |  | 32760786 | 199834 | SH |  | DFND | 12 | 199834 | 0 | 0 |
| MURPHY USA INC | COM | 626755102 |  | 44457300 | 90000 | SH |  | DFND | 12 | 90000 | 0 | 0 |
| NATIONAL ENERGY SERVICES REU | SHS | G6375R107 |  | 91492022 | 4261389 | SH |  | DFND | 12 | 4261389 | 0 | 0 |
| NAVIGATOR HLDGS LTD | SHS | Y62132108 |  | 19991395 | 1034216 | SH |  | DFND | 12 | 1034216 | 0 | 0 |
| NEXTPOWER INC | CLASS A COM | 65290E101 |  | 58377784 | 484262 | SH |  | DFND | 123 | 484262 | 0 | 0 |
| NUCOR CORP | COM | 670346105 |  | 29592500 | 175000 | SH |  | DFND | 12 | 175000 | 0 | 0 |
| OCCIDENTAL PETE CORP | COM | 674599105 |  | 29340740 | 451396 | SH |  | DFND | 12 | 451396 | 0 | 0 |
| OKEANIS ECO TANKERS COR | SHS | Y64177101 |  | 19094285 | 377432 | SH |  | DFND | 12 | 377432 | 0 | 0 |
| OLD DOMINION FREIGHT LINE IN | COM | 679580100 |  | 60585919 | 310061 | SH |  | DFND | 12 | 310061 | 0 | 0 |
| PAR PAC HOLDINGS INC | COM NEW | 69888T207 |  | 28839018 | 460393 | SH |  | DFND | 12 | 460393 | 0 | 0 |
| PERMIAN RESOURCES CORP | CLASS A COM | 71424F105 |  | 34065331 | 1597811 | SH |  | DFND | 12 | 1597811 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 |  | 55510246 | 304700 | SH |  | DFND | 12 | 304700 | 0 | 0 |
| POWELL INDS INC | COM | 739128106 |  | 21643200 | 40000 | SH |  | DFND | 123 | 40000 | 0 | 0 |
| PRECISION DRILLING CORP | COM NEW | 74022D407 |  | 34503929 | 351189 | SH |  | DFND | 12 | 351189 | 0 | 0 |
| QUANTA SVCS INC | COM | 74762E102 |  | 32941200 | 60000 | SH |  | DFND | 123 | 60000 | 0 | 0 |
| RANGER ENERGY SVCS INC | COM CL A | 75282U104 |  | 25838602 | 1507503 | SH |  | DFND | 12 | 1507503 | 0 | 0 |
| RICE ACQUISITION CORP 3 | UNIT 99/99/9999 | G7553X122 |  | 20517519 | 1935615 | SH |  | DFND | 123 | 1935615 | 0 | 0 |
| SABLE OFFSHORE CORP | COM SHS | 78574H104 |  | 222173201 | 13448741 | SH |  | DFND | 123 | 13448741 | 0 | 0 |
| SCORPIO TANKERS INC | SHS | Y7542C130 |  | 14932000 | 200000 | SH |  | DFND | 12 | 200000 | 0 | 0 |
| SELECT WATER SOLUTIONS INC | CL A COM | 81617J301 |  | 47204310 | 3085249 | SH |  | DFND | 123 | 3085249 | 0 | 0 |
| SM ENERGY COMPANY | COM | 78454L100 |  | 21757404 | 697800 | SH |  | DFND | 12 | 697800 | 0 | 0 |
| SOLARIS ENERGY INFRAS INC | COM CL A | 83418M103 |  | 98892500 | 1750000 | SH |  | DFND | 123 | 1750000 | 0 | 0 |
| SOLV ENERGY INC | COM SHS CL A | 78475V103 |  | 30042012 | 1000400 | SH |  | DFND | 123 | 1000400 | 0 | 0 |
| SOUTHERN COPPER CORP | COM | 84265V105 |  | 53011686 | 308100 | SH | Put | DFND | 123 | 308100 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R556 |  | 252743700 | 1390000 | SH | Put | DFND | 12 | 1390000 | 0 | 0 |
| STEEL DYNAMICS INC | COM | 858119100 |  | 18007740 | 100043 | SH |  | DFND | 12 | 100043 | 0 | 0 |
| T1 ENERGY INC | COM NEW | 35834F104 |  | 153510262 | 34968169 | SH |  | DFND | 123 | 34968169 | 0 | 0 |
| T1 ENERGY INC | *W EXP 07/09/202 | 35834F112 |  | 78558 | 355465 | SH |  | DFND | 12 | 355465 | 0 | 0 |
| TAMBORAN RES CORP | COM | 87507T101 |  | 35677763 | 713698 | SH |  | DFND | 123 | 713698 | 0 | 0 |
| TETRA TECHNOLOGIES INC DEL | COM | 88162F105 |  | 27280640 | 3201953 | SH |  | DFND | 123 | 3201953 | 0 | 0 |
| URANIUM ENERGY CORP | COM | 916896103 |  | 40500000 | 3000000 | SH |  | DFND | 123 | 3000000 | 0 | 0 |
| USA RARE EARTH INC | COM | 91733P107 |  | 6224025 | 465000 | SH |  | DFND | 123 | 465000 | 0 | 0 |
| VIPER ENERGY INC | CL A | 64361Q101 |  | 21831742 | 464604 | SH |  | DFND | 12 | 464604 | 0 | 0 |
| VISTA ENERGY S.A.B. DE C.V. | SPONSORED ADS | 92837L109 |  | 41021794 | 543551 | SH |  | DFND | 12 | 543551 | 0 | 0 |

---