# EDGAR Filing Document

**Accession Number:** 0001541901
**File Stem:** 0001172661-25-004057
**Filing Date:** 2025-8
**Character Count:** 21451
**Document Hash:** 0080f2d34ea212a2161c75c4e917c2c4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-25-004057.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001172661-25-004057

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250829

**EFFECTIVENESS DATE**: 20250829

**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:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-15266
- **FILM NUMBER:** 251280455

**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 N-PX
### ANNUAL REPORT OF PROXY VOTING RECORD

## N-PX: Filer Information

**Filer CIK:** 0001541901

**Date of Report:** 06/30/2025

**Are you a Registered Management Investment Company or an Institutional Manager?:** Institutional Manager

**Is this a LIVE or TEST Filing?:** LIVE

**Is this an electronic copy of an official filing submitted in paper format?:** [ ]

### Submission Contact Information
_Not provided in this filing._

### Notification Information
**Notify via Filing Website only?:** [ ]

## N-PX: Cover Page

**Name of reporting person:** Encompass Capital Advisors LLC

**Address:** 200 PARK AVENUE, 16TH FLOOR, NEW YORK, NY 10166

**Telephone number:** 646-351-8468

**Name of agent for service:** —

**Agent Address:** —, —, — —

**Reporting Period:** Report for the year ended 06/30/2025

**SEC File Number:** 028-15266

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** —

**Report Type (check only one):**

Institutional Manager.

- [x] Institutional Manager Voting Report

- [ ] Institutional Manager Notice Report

- [ ] Institutional Manager Combination Report

Registered Management Investment Company.

- [ ] Fund Voting Report

- [ ] Fund Notice Report

**Do you wish to provide explanatory information pursuant to Special Instruction B.4?:**

- [x] No

- [ ] Yes

**Additional information:** —

## N-PX: Summary - Included Managers

**Number of Included Institutional Managers:** 0

**Included Institutional Managers:** —

## FORM N-PX PROXY VOTING RECORD

| NAME OF ISSUER                       | CUSIP     | MEETING DATE   | VOTE DESCRIPTION                                                                                                                                                                                                        | VOTE CATEGORY                |   SHARES VOTED |   SHARES ON LOAN | HOW VOTED   |   SHARES VOTED FOR OR AGAINST MANAGEMENT | FOR OR AGAINST MANAGEMENT   | OTHER INFO   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| Arc Resources Ltd.                   | 00208D408 | 05/02/2025     | A resolution to approve the Corporation's Advisory Vote on Executive Compensation                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |        2063693 |           259826 | FOR         |                                  2063693 | FOR                         |  |
| Atlas Energy Solutions Inc.          | 642045108 | 05/08/2025     | To vote on the approval, on a non-binding advisory basis, of the frequency of future advisory votes on the Company's Named Executive Officer compensation;                                                              | SECTION 14A SAY-ON-PAY VOTES |         662182 |          1782574 | FOR         |                                   662182 | FOR                         |  |
| Cleveland-Cliffs Inc.                | 185899101 | 05/15/2025     | Approval on an advisory basis of Cleveland-Cliffs Inc.'s named executive officers' compensation                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |         252111 |          2355441 | FOR         |                                   252111 | FOR                         |  |
| Devon Energy Corporation             | 25179M103 | 06/04/2025     | Approve, in an advisory vote, executive compensation                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |        1233680 |           145481 | FOR         |                                  1233680 | FOR                         |  |
| Eldorado Gold Corporation            | 284902509 | 06/03/2025     | Approve an ordinary resolution as set out in the Management Information Circular supporting the Company's approach to executive compensation on an advisory basis                                                       | SECTION 14A SAY-ON-PAY VOTES |        1118205 |           387700 | FOR         |                                  1118205 | FOR                         |  |
| EQT Corporation                      | 26884L109 | 04/16/2025     | Approval of a non-binding resolution to approve the 2024 compensation of the Company's named executive officers (say-on-pay)                                                                                            | SECTION 14A SAY-ON-PAY VOTES |         622801 |           640805 | FOR         |                                   622801 | FOR                         |  |
| Expand Energy Corporation            | 165167735 | 06/05/2025     | Advisory Vote to Approve Named Executive Officer Compensation (Say on Pay) for 2024                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |         651716 |           286756 | FOR         |                                   651716 | FOR                         |  |
| Diamondback Energy, Inc.             | 25278X109 | 05/21/2025     | Approve, on an Advisory Basis, the Company's Executive Compensation                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |         205442 |           243406 | FOR         |                                   205442 | FOR                         |  |
| First Solar, Inc.                    | 336433107 | 05/14/2025     | To approve an advisory resolution on the compensation of our named executive officers                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |         129153 |           161778 | FOR         |                                   129153 | FOR                         |  |
| The Greenbrier Companies, Inc.       | 393657101 | 01/09/2025     | Advisory approval executive compensation                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |         838628 |                0 | FOR         |                                   838628 | FOR                         |  |
| GE Vernova Inc.                      | 36828A101 | 05/14/2025     | ADVISORY (NON-BINDING) VOTE TO APPROVE THE COMPENSATION OF OUR NEOS (SAY ON PAY)                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |         102742 |           100128 | FOR         |                                   102742 | FOR                         |  |
| GE Vernova Inc.                      | 36828A101 | 05/14/2025     | ADVISORY (NON-BINDING) VOTE ON THE FREQUENCY OF FUTURE ADVISORY VOTES ON EXECUTIVE COMPENSATION                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |         102742 |           100128 | FOR         |                                   102742 | FOR                         |  |
| Gran Tierra Energy Inc.              | 38500T200 | 05/02/2025     | Approve, on an advisory basis, the compensation of Gran Tierra's named executive officers as disclosed in the accompanying proxy statement.                                                                             | SECTION 14A SAY-ON-PAY VOTES |        2426028 |            74561 | FOR         |                                  2426028 | FOR                         |  |
| Halliburton Company                  | 406216101 | 05/21/2025     | Advisory approval executive compensation                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |         109660 |           740074 | FOR         |                                   109660 | FOR                         |  |
| Hudbay Minerals Inc.                 | 443628102 | 05/20/2025     | to consider and, if deemed appropriate, to approve a non-binding advisory resolution on executive compensation                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |        3264715 |           867347 | FOR         |                                  3264715 | FOR                         |  |
| Helix Energy Solutions Group, Inc.   | 42330P107 | 05/14/2025     | Advisory vote on the approval of the 2024 compensation of our named executive officers.                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |        3584494 |          1360480 | FOR         |                                  3584494 | FOR                         |  |
| International Seaways, Inc.          | Y41053102 | 06/10/2025     | Approving, by advisory vote, the compensation of the Named Executive Officers for 2024 as described in the accompanying proxy statement; and (4) Approving the INSW 2025 Management Incentive Compensation Plan.        | SECTION 14A SAY-ON-PAY VOTES |          11531 |           133201 | FOR         |                                    11531 | FOR                         |  |
| Kirby Corporation CMN                | 497266106 | 04/29/2025     | Cast an advisory vote on executive compensation.                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |         354329 |           367606 | FOR         |                                   354329 | FOR                         |  |
| Methanex Corporation                 | 59151K108 | 05/01/2025     | Consider and approve, on an advisory basis, a resolution to accept the Company's approach to executive compensation disclosed in the accompanying Information Circular.                                                 | SECTION 14A SAY-ON-PAY VOTES |         759268 |           240336 | FOR         |                                   759268 | FOR                         |  |
| Ramaco Resources, Inc.               | 75134P600 | 06/26/2025     | To approve our executive compensation.                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |         670797 |           234590 | FOR         |                                   670797 | FOR                         |  |
| Ramaco Resources, Inc.               | 75134P501 | 06/26/2025     | To approve our executive compensation.                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |          11324 |            10636 | FOR         |                                    11324 | FOR                         |  |
| Magnolia Oil  Gas Corporation        | 559663109 | 05/07/2025     | To approve an advisory, non-binding resolution regarding the compensation of Magnolia's Named Executive Officers for 2024 (“say-on-pay vote”)                                                                           | SECTION 14A SAY-ON-PAY VOTES |          12686 |           123225 | FOR         |                                    12686 | FOR                         |  |
| Magnolia Oil  Gas Corporation        | 559663109 | 05/07/2025     | To approve an advisory, non-binding resolution regarding the frequency with which Magnolia will hold future say-on-pay votes (“say-on-frequency”)                                                                       | SECTION 14A SAY-ON-PAY VOTES |          12686 |           123225 | FOR         |                                    12686 | FOR                         |  |
| Marathon Petroleum Corporation CMN   | 56585A102 | 04/30/2025     | Approve, on an advisory basis, our named executive officer compensation                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |          55917 |           162595 | FOR         |                                    55917 | FOR                         |  |
| Nucor Corporation                    | 670346105 | 05/08/2025     | Advisory Vote to Approve Named Executive Officer Compensation                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |           7000 |           220106 | FOR         |                                     7000 | FOR                         |  |
| Ovintiv Inc.                         | 69047Q102 | 05/01/2025     | Advisory Vote To Approve Compensation of Named Executive Officers                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |        1240719 |           577983 | FOR         |                                  1240719 | FOR                         |  |
| Precision Drilling Corporation       | 74022D407 | 05/15/2025     | Participate in Our 'say on pay' Advisory Vote                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |         475043 |            82771 | FOR         |                                   475043 | FOR                         |  |
| Peyto Exploration  Development Corp. | 717046106 | 05/22/2025     | Approving a non-binding advisory resolution to accept the Corporation's approach to executive compensation.                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |        3649806 |                0 | FOR         |                                  3649806 | FOR                         |  |
| Primoris Services Corporation        | 74164F103 | 04/30/2025     | to approve, in an advisory, non-binding vote, the Company's named executive officer compensation;                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |         366976 |           146078 | FOR         |                                   366976 | FOR                         |  |
| Ranger Energy Services, Inc.         | 75282U104 | 05/09/2025     | To provide non-binding approval of our executive compensation                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |        1500568 |                0 | FOR         |                                  1500568 | FOR                         |  |
| Reliance, Inc.                       | 759509102 | 05/21/2025     | To consider a non-binding, advisory vote to approve the compensation of our named executive officers.                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |            921 |            47117 | FOR         |                                      921 | FOR                         |  |
| Solaris Energy Infrastructure, Inc.  | 83418M103 | 05/15/2025     | Advisory, non-binding vote to approve the compensation of the Company's Named Executive Officers                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |        2432670 |           884710 | FOR         |                                  2432670 | FOR                         |  |
| Schneider National, Inc.             | 80689H102 | 04/29/2025     | A resolution to approve, on an advisory basis, the compensation of our named executive officers                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |             18 |           100864 | FOR         |                                       18 | FOR                         |  |
| Steel Dynamics, Inc.                 | 858119100 | 04/25/2025     | Advisory Vote to Approve the Compensation of the Named Executive Officers                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |          14130 |           122836 | FOR         |                                    14130 | FOR                         |  |
| Trinity Industries, Inc.             | 896522109 | 05/15/2025     | Advisory Vote to Approve Named Executive Officer Compensation                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |         671224 |           467464 | FOR         |                                   671224 | FOR                         |  |
| Union Pacific Corporation            | 907818108 | 05/08/2025     | To approve, by non-binding vote, the compensation of the Company's Named Executive Officers                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |          33195 |           135011 | FOR         |                                    33195 | FOR                         |  |
| Cactus, Inc.                         | 127203107 | 05/13/2025     | To approve, on a non-binding, advisory basis, the compensation of our named executive officers as reported in the accompanying Proxy Statement.                                                                         | SECTION 14A SAY-ON-PAY VOTES |          53066 |           354192 | FOR         |                                    53066 | FOR                         |  |
| Cactus, Inc.                         | 127203107 | 05/13/2025     | To approve, on a non-binding, advisory basis, the frequency of holding advisory votes on the compensation of our named executive officers at an interval of “every one year,” “every two years” or “every three years”" | SECTION 14A SAY-ON-PAY VOTES |          53066 |           354192 | FOR         |                                    53066 | FOR                         |  |
| The Williams Companies, Inc.         | 969457100 | 04/29/2025     | Approve, on an Advisory Basis, the Compensation of Our Named Executive Officers.                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |           1474 |             1331 | FOR         |                                     1474 | FOR                         |  |
| Expro Group Holdings N.V.            | N3144W105 | 06/05/2025     | To approve on a non-binding advisory basis the compensation of the Company's named executive officers                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |         759019 |           175050 | FOR         |                                   759019 | FOR                         |  |
| Nextracker Inc.                      | 65290E101 | 08/19/2024     | To approve, on an advisory basis, the compensation for our named executive officers                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |         135889 |           612487 | FOR         |                                   135889 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** Encompass Capital Advisors LLC

**By (Signature):** Michelina Cuccia

**By (Printed Signature):** Michelina Cuccia

**By (Title):** Chief Compliance Officer

**Date:** 08/29/2025