Carbon dioxide (CO2) phase transition fracturing is widely regarded as a promising coal seam mining technology because it can effectively enhance the permeability of coal pore structure and prevent gas outbursts. A CO2 phase transition impact pressure test system was designed and developed, and the effects of different factors on phase transition impact pressure were investigated by combining CO2 release experiments and smoothed particle hydrodynamics (SPH) numerical simulation. In addition, based on the Peng-Robinson (P-R) equation and the pipeline pressure drop formula, new mathematical models of the pressure in the buffer tank and the velocity of gaseous CO2 at the nozzle were obtained. The results show that the CO2 phase transition impact pressure can divided into rapid boost, fluctuation, and attenuation stages. The impact distance and impact angle have the most significant effects on pressure. The model of the pressure in the buffer tank and the velocity of gaseous CO2 at the nozzle well-simulated the experimentally obtained impact pressure curves of CO2. The impact results can be applied to reference for the application of CO2 phase transition fracturing technology.