Energetic materials are substances that can undergo rapid, exothermic reactions when subjected to an external stimulus, such as heating. In this work, we show that the well-known Peng−Robinson equation of state can be applied to energetic materials, whether they are pure components, liquid mixtures, or solid mixtures. We are specifically interested in two energetic materials: hexahydro-1,3,5-trinitro-1,3,5-triazine (RDX) and 2,4,6-trinitrotoluene (TNT). We model RDX and TNT in both their liquid and solid phases, as well liquid and solid mixtures of the two compounds. Our work examines temperatures and pressures as high as about 500 K and 2500 bar, respectively. The Peng−Robinson equation of state provides a good representation of experimental volumetric (e.g., density and bulk modulus), thermal (heat capacity), and phase behavior (melting temperature and solubility) data. It can be applied to other energetic materialsranging in complexity from pure components to multiphase, multicomponent mixturesby adapting the procedures described in this study.