Crescent Energy

Crescent Energy Co. is a diversified and independent energy company with a portfolio of assets in key proven basins across the 48 lower states. The company was founded in 2002 and is headquartered in Houston, TX.

Earnings data Q1 2022

Earnings data Q2 2022

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Earnings data Q4 2022

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Earnings data Q2 2023

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Earnings data Q4 2023

Earnings data Q1 2024

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Earnings data Q3 2024

Earnings data Q4 2024

Crescent Energy excels in Q4, eyes growth and sustainability

Crescent Energy's Q4 2022 earnings call highlighted robust financial performance, operational achievements, and a strategic focus on sustainability and shareholder value.
While facing challenges from production impacts and financial strategy optimization, the company aims to leverage opportunities for growth and value creation in 2023.
Investors can expect Crescent Energy to continue its disciplined approach to capital allocation, operational excellence, and commitment to environmental stewardship.

Crescent Energy reports robust Q1 performance and strategic acquisition

Crescent Energy's Q1 2023 earnings call highlighted strong performance, robust financials, and a strategic acquisition driving growth. Despite challenges from higher gas prices, the company effectively managed costs and emphasized a returns-driven approach. With opportunities for further expansion and value creation, Crescent Energy remains well-positioned for future success.

Crescent Energy surpasses Q2 expectations, targets investment-grade status

Crescent Energy's Q2 performance exceeded estimates, showcasing operational strength and financial resilience. With a focus on improving capital efficiencies and reducing debt, the company aims to achieve investment-grade status. Strategic capital market activities and revised guidance present growth opportunities amidst a positive outlook for 2023.

Crescent Energy achieves record Q3 results, eyes growth opportunities

Crescent Energy's Q3 2023 performance was exceptional, marked by record production, cash flow, and successful acquisitions. The company's strong financial position, commitment to generating free cash flow, and strategic focus on growth opportunities underscore a promising outlook for investors.

Crescent Energy (CRGY) reports strong 2023 performance and outlines growth strategies for 2024

Crescent Energy's strong 2023 performance, focus on operational efficiencies, and strategic acquisitions have enhanced its value proposition for investors. With a solid balance sheet, hedging strategy, and commitment to shareholder returns, the company is well-positioned for growth in 2024 despite potential challenges.

Crescent Energy excels in Q1 2024, eyes growth through acquisitions

Crescent Energy's Q1 2024 showcased strong financial and operational performance, driven by record production and robust free cash flow generation.
The company's strategic focus on acquisitions, capital structure refinancing, and enhanced production guidance highlights a commitment to value creation.
While facing challenges in capital allocation and operational efficiency, Crescent Energy remains poised to capitalize on opportunities for growth and portfolio enhancement.

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Crescent Energy Co. is a United States based energy company, which engages in exploration and production of crude oil, natural gas and NGLs. It focuses on delivering shareholder value through a disciplined growth through acquisition strategy and consistent return of capital. The company’s long-life, balanced portfolio combines stable cash flows from low-decline production with deep, high-quality development inventory. Its activities are focused in Texas and the Rocky Mountain region. Crescent Energy was founded in 2021 and is headquartered in Houston, TX.

Crescent Energy Company, a combination of KKR and John Goff, aims to capitalize on the seller's market in the oil and gas industry. Rarely can the public invest alongside such professionals. The Eagle Ford, with its low well breakeven points, premium pricing, and lack of takeaway issues for oil production, often outperforms the Permian basin. Bargain prices for Eagle Ford acreage lower the location cost of wells and prevent overpayments that may only be revealed during a downturn.

Crescent Energy: Let's Make A Deal

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Oil and gas minors are rebounding from 2023 lows due to positive macro and structural factors toward the backend of the year. Crescent Energy Company offers diversified exposure to the sector with a diverse portfolio of assets and stable cash flows. CRGY is trading at compressed multiples and has more tangible capital than its market value, presenting an asymmetrical risk/reward opportunity.

Crescent Energy: Curling Higher, With Cash Dividends + ROIC In Situ, Rating Buy

HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY) (“we” or “our”) announced today that its indirect subsidiary Crescent Energy Finance LLC (the “Issuer”) has priced its previously announced private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), to eligible purchasers of $150 million aggregate principal amount of 9.250% Senior Notes due 2028 (the “Notes”). The size of the offering was increased from the previousl.

Crescent Energy Announces Pricing of Upsized $150 Million Private Placement of Additional 9.250% Senior Notes Due 2028

HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY) (“we” or “our”) announced today that, subject to market conditions, its indirect subsidiary Crescent Energy Finance LLC (the “Issuer”) intends to offer for sale in a private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), to eligible purchasers $125 million aggregate principal amount of 9.250% Senior Notes due 2028 (the “Notes”). The Notes are being offered as add.

Crescent Energy Announces Offering of $125 Million Private Placement of Additional 9.250% Senior Notes Due 2028

HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (“Crescent” or the “Company”) (NYSE: CRGY) today announced the pricing of an underwritten, upsized public offering of 11,000,000 shares of its Class A common stock, par value $0.0001 per share (“Class A common stock”), at a price to the public of $12.25 per share, pursuant to a registration statement on Form S-3 (the “Registration Statement”) filed previously with the U.S. Securities and Exchange Commission (the “SEC”). The 11,000,000 share offe.

Crescent Energy Company Announces Pricing of Upsized Public Offering of Class A Common Stock

HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (“Crescent” or the “Company”) (NYSE: CRGY) today announced the commencement of an underwritten public offering of 10,000,000 shares of its Class A common stock, par value $0.0001 per share (“Class A common stock”), pursuant to an effective shelf registration statement on Form S-3 (the “Registration Statement”) filed with the U.S. Securities and Exchange Commission (the “SEC”). The Company intends to use the net proceeds it receives from the offe.

Crescent Energy Company Announces Public Offering of Class A Common Stock

HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY) today announced that it has entered into a definitive purchase agreement to acquire incremental working interest in its operated Western Eagle Ford assets for total consideration of $250 million in cash, subject to customary purchase price adjustments. The acquisition follows the recent $600 million acquisition of operatorship of the Western Eagle Ford position that closed in July 2023. Additional details have been posted on Crescen.

Crescent Energy to Acquire Additional Interests in its Operated Western Eagle Ford Position

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Crescent Energy Company (NYSE:CRGY ) Q2 2023 Results Conference Call August 10, 2023 11:00 AM ET Company Participants Emily Newport - IR David Rockecharlie - CEO and Director Brandi Kendall - CFO and Director Todd Falk - Chief Accounting Officer Ben Conner - EVP of Investments Clay Rynd - EVP of Investments Conference Call Participants Neal Dingmann - Truist Securities John Abbott - Bank of America Operator Greetings, and welcome to Crescent Energy's Second Quarter 2023 Results Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

Crescent Energy Company (CRGY) Q2 2023 Earnings Call Transcript

The headline numbers for Crescent Energy (CRGY) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Crescent Energy (CRGY) Q2 Earnings: A Look at Key Metrics

Crescent Energy (CRGY) came out with quarterly earnings of $0.52 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $5.38 per share a year ago.

Crescent Energy (CRGY) Surpasses Q2 Earnings and Revenue Estimates

HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY) ("Crescent" or the "Company") today announced results for the second quarter of 2023 and declared a quarterly cash dividend for the period of $0.12 per share. A supplemental slide deck on its second quarter results can be found at www.crescentenergyco.com. The Company plans to host a conference call and webcast at 10 a.m. CT, Thursday, August 10, 2023. Details can be found in this release. Second Quarter 2023 Highlights Reported $57.

Crescent Energy Reports Second Quarter 2023 Financial and Operating Results

On July 10, 2023, the TEACHER RETIREMENT SYSTEM OF TEXAS (Trades, Portfolio), a prominent investment firm, made a significant acquisition of 7,994,838 shares in Crescent Energy Co ( CRGY , Financial). This article aims to provide an in-depth analysis of this transaction, the profiles of the involved parties, and the potential implications for both the firm and Crescent Energy Co.

TEACHER RETIREMENT SYSTEM OF TEXAS Acquires Stake in Crescent Energy Co

HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY) today announced plans to host a conference call and webcast at 10 a.m. CT, on Thursday, August 10, 2023 to discuss its second quarter 2023 financial and operating results. The Company plans to release results after market close on Wednesday, August 9, 2023. The release and supplemental slides will be available on the company's website at https://ir.crescentenergyco.com. Conference Call Information Time: 10 a.m. CT (11 a.m. ET) Date:.

Crescent Energy Schedules Second Quarter 2023 Earnings Release and Conference Call

HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY) (“we” or “our”) announced today that its indirect subsidiary Crescent Energy Finance LLC (the “Issuer”) has priced its previously announced private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), to eligible purchasers of $300 million aggregate principal amount of 9.250% Senior Notes due 2028 (the “Notes”). The size of the offering was increased from the previousl.

Crescent Energy Announces Pricing of Upsized $300 Million Private Placement of Additional 9.250% Senior Notes Due 2028

HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY) (“we” or “our”) announced today that, subject to market conditions, its indirect subsidiary Crescent Energy Finance LLC (the “Issuer”) intends to offer for sale in a private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), to eligible purchasers $250 million aggregate principal amount of 9.250% Senior Notes due 2028 (the “Notes”). The Notes are being offered as add.

Crescent Energy Announces Offering of $250 Million Private Placement of Additional 9.250% Senior Notes Due 2028

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HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY) today announced that its credit ratings were upgraded by S&P. Crescent's credit ratings were also upgraded by Moody's earlier this year. Standard & Poor's Global Ratings upgraded Crescent's issuer credit rating to B+ and its senior unsecured notes rating to BB- with a stable outlook earlier today; Moody's Investors Services upgraded Crescent's corporate rating to Ba3 and its senior unsecured notes rating to B1 with a stable.

Crescent Energy Announces Rating Agency Upgrade

HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY) today announced the closing of its previously announced acquisition of operatorship and incremental working interest in its existing Western Eagle Ford assets for a total cash consideration of approximately $600 million, subject to customary purchase price adjustments. In addition the Company's public float increased to 46% from 29% with the previously announced conversion of approximately 28 million private shares to Class A public.

Crescent Energy Closes Accretive Western Eagle Ford Acquisition

Crescent Energy Company realized commodity prices outperformed unrealized commodity prices due to hedging. Cash flow from operating activities before changes in working capital grew materially. Operating costs appear to be set to continue to offset inflation and possibly then some.

Crescent Energy: Catching Up

HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY) today announced that an affiliate of KKR has notified the Company that it intends to convert and distribute approximately 27.9 million Class A shares to certain of its legacy investors, who are primarily large institutions (the “Class A Conversion”). Following the Class A Conversion, the amount of stock held by non-affiliated public holders will increase from 29% to 46% through the conversion of private Class B shares / OpCo Units i.

Crescent Energy to Increase Public Float to 46% Through Conversion of Class B Private Shares

Attractive positioning in the Eagle Ford and Uinta basins - while not the lowest cost for producers - does present good opportunities to the savvy operator. The company has very few cons, save its high interest debt load and limited growth potential without additional land acquisition.

Crescent Energy: A Potential Long-Term Play For The Dividend Investor

Crescent Energy (CRGY) came out with quarterly earnings of $1.12 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $6.56 per share a year ago.

Crescent Energy (CRGY) Q1 Earnings and Revenues Surpass Estimates

HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY) today announced financial and operating results for the first quarter of 2023 and declared a quarterly cash dividend for the period of $0.12 per share. Crescent has provided a supplemental slide deck on its first quarter results, which can be found at www.crescentenergyco.com. The Company plans to host a conference call and webcast at 10 a.m. CDT, Thursday, May 11, 2023. Details can be found in this release. First Quarter 2023 Highl.

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