# EDGAR Filing Document

**Accession Number:** 0001728850
**File Stem:** 0001172661-25-004079
**Filing Date:** 2025-8
**Character Count:** 10497
**Document Hash:** 35204b462813853976b4fc4d9fc1ab61
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-25-004079.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001172661-25-004079

**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:** LSP Investment Advisors, LLC
- **CENTRAL INDEX KEY:** 0001728850

**ORGANIZATION NAME:**
- **EIN:** 821717263
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-18583
- **FILM NUMBER:** 251280955

**BUSINESS ADDRESS:**
- **STREET 1:** 1700 BROADWAY
- **STREET 2:** FL. 35
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** 2126153546

**MAIL ADDRESS:**
- **STREET 1:** 1700 BROADWAY
- **STREET 2:** FL. 35
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019

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

## N-PX: Filer Information

**Filer CIK:** 0001728850

**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:** LSP Investment Advisors, LLC

**Address:** 1700 BROADWAY, NEW YORK, NY 10019

**Telephone number:** 212-615-3456

**Name of agent for service:** Corporation Service Company

**Agent Address:** 251 Little Falls Drive, Wilmington, DE 19808

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

**SEC File Number:** 028-18583

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** 549300X1XJX6Z0IGS544

**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:** 1

**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   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| Acadia Pharmaceuticals Inc.                  | 004225108 | 04/22/2025     | To approve, on an advisory basis, the compensation of the Company's named executive officers, as disclosed in the proxy statement                                                          | SECTION 14A SAY-ON-PAY VOTES |           6950 |                0 | WITHHOLD    |                                        0 | NONE                        |  |
| Amazon.com, Inc.                             | 02079K107 | 05/21/2025     | Advisory vote to approve executive compensation                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |          14200 |                0 | WITHHOLD    |                                        0 | NONE                        |  |
| Centerpoint Energy, Inc.                     | 15189T107 | 04/16/2025     | To conduct an advisory vote on executive compensation                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |          16250 |                0 | WITHHOLD    |                                        0 | NONE                        |  |
| Constellation Energy Corp                    | 21037T109 | 04/29/2025     | To consider and act on an advisory vote regarding the approval of compensation paid to our named executive officers                                                                        | SECTION 14A SAY-ON-PAY VOTES |           2208 |                0 | WITHHOLD    |                                        0 | NONE                        |  |
| Dominion Energy Inc.                         | 25746U109 | 05/07/2025     | Advisory vote on approval of executive compensation (say on pay)                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |           3350 |                0 | WITHHOLD    |                                        0 | NONE                        |  |
| Duke Energy Corp                             | 26441C204 | 05/01/2025     | Advisory vote to approve Duke Energy's named executive officer compensation                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |           3060 |                0 | WITHHOLD    |                                        0 | NONE                        |  |
| Exelon Corporation                           | 30161N101 | 04/29/2025     | Advisory vote on executive compensation                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |          13274 |                0 | WITHHOLD    |                                        0 | NONE                        |  |
| MacroGenics, Inc.                            | 556099109 | 05/21/2025     | To approve, on an advisory basis, the compensation of our named executive officers as disclosed in the attached proxy statement                                                            | SECTION 14A SAY-ON-PAY VOTES |           8600 |                0 | WITHHOLD    |                                        0 | NONE                        |  |
| Microsoft Corporation                        | 594918104 | 12/10/2024     | To approve, on a nonbinding advisory basis, the compensation paid to our named executive officers ("say on pay vote")                                                                      | SECTION 14A SAY-ON-PAY VOTES |           8280 |                0 | WITHHOLD    |                                        0 | NONE                        |  |
| Public Service Enterprise Group Incorporated | 744573106 | 04/22/2025     | Approve, on an advisory basis, our executive compensation                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |           5350 |                0 | WITHHOLD    |                                        0 | NONE                        |  |
| Robinhood Markets, Inc.                      | 770700102 | 06/25/2025     | To approve, on an advisory basis, the compensation of the Company's named executive officers                                                                                               | SECTION 14A SAY-ON-PAY VOTES |          15364 |                0 | WITHHOLD    |                                        0 | NONE                        |  |
| Antero Resources Corporation                 | 03674X106 | 06/04/2025     | To approve, on an advisory basis, the compensation of Antero's named executive officers                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |          94700 |                0 | WITHHOLD    |                                        0 | NONE                        |  |
| Battalion Oil Corporation                    | 40537Q605 | 04/30/2025     | To approve, in a non-binding advisory vote, the executive compensation of the Company's named officers                                                                                     | SECTION 14A SAY-ON-PAY VOTES |        2369769 |                0 | WITHHOLD    |                                        0 | NONE                        |  |
| Battalion Oil Corporation                    | 40537Q605 | 04/30/2025     | To determine, in a non-binding advisory vote, whether a stockholder vote to approve the compensation of the Company's named executive officers should occur every one, two, or three years | SECTION 14A SAY-ON-PAY VOTES |        2369769 |                0 | WITHHOLD    |                                        0 | NONE                        |  |
| Chesapeake Energy Corporation                | 165167735 | 05/07/2025     | To approve, on an advisory non-binding basis, the compensation of the Company's Named Executive Officers                                                                                   | SECTION 14A SAY-ON-PAY VOTES |         133687 |                0 | WITHHOLD    |                                        0 | NONE                        |  |
| 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 |         577500 |                0 | WITHHOLD    |                                        0 | NONE                        |  |
| 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 |          93130 |                0 | WITHHOLD    |                                        0 | NONE                        |  |

## N-PX: Signature Block

**Reporting Person:** LSP Investment Advisors, LLC

**By (Signature):** Jeffrey P. Wade

**By (Printed Signature):** Jeffrey P. Wade

**By (Title):** Chief Compliance Officer and Associate General Counsel

**Date:** 08/29/2025