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

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

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 differentiated U.S. energy company committed to delivering value through a disciplined, returns-driven 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 a deep, high-quality development inventory. Its activities are focused in Texas and the Rocky Mountain region. Crescent Energy is headquartered in Houston, TX.

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.

Crescent Energy Reports First Quarter 2023 Financial and Operating Results

Crescent Energy (CRGY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Crescent Energy (CRGY) Q1 Earnings Expected to Decline

HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY) (“Crescent” or the “Company”) today announced that it has entered into a definitive purchase agreement to acquire operatorship and incremental working interest in its existing Western Eagle Ford assets from Mesquite Energy, Inc. for total consideration of $600 million in cash, subject to customary purchase price adjustments. The accretive acquisition is consistent with Crescent's strategy of acquiring high-value, cash flowing assets.

Crescent Energy Announces Accretive Eagle Ford Bolt-On; Acquires Operated Interest in Existing Non-Operated Assets

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, May 11, 2023 to discuss its first quarter 2023 financial and operating results. The Company plans to release results after market close on Wednesday, May 10, 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: Thurs.

Crescent Energy Schedules First Quarter 2023 Earnings Release and Conference Call

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Forty-nine small-cap energy producers are ranked on relative quality using a matrix with factors including, valuation, profitability, FCF, and debt. The quality matrix is a broad effort to identify those small-cap producers that are likely to be amongst the best and poorest investments in the group.

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Crescent Energy Company (NYSE:CRGY ) Q4 2022 Earnings Conference Call March 8, 2023 11:00 AM ET Company Participants Emily Newport - Senior Vice President, Finance and IR David Rockecharlie - Chief Executive Officer Brandi Kendall - Chief Financial Officer Todd Falk - Chief Accounting Officer Ben Conner - Executive Vice President Clay Rynd - Executive Vice President Conference Call Participants Neil Dingman - Truist Securities John Abbott - Bank of America Operator Greetings. And welcome to the Crescent Energy Fourth Quarter and Full Year 2022 Results Conference Call.

Crescent Energy Company (CRGY) Q4 2022 Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)---- $CRGY--Crescent Energy Company (NYSE: CRGY), ("Crescent" or the "Company"), today announced its financial and operating results for the fourth quarter and full year 2022 as well as a quarterly cash dividend of $0.17 per share for the period. Crescent has provided a supplemental slide deck on its results, which can be found at www.crescentenergyco.com.

Crescent Energy Announces Fourth Quarter and Full Year 2022 Financial and Operating Results, Year-End Reserves and 2023 Guidance

Crescent Energy combines the efforts of two famous and successful investor groups. The company is newly listed on the NYSE and so will take time to become seasoned.

Crescent Energy: Educating The Public

HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY) today announced plans to host a conference call and webcast at 10 a.m. CT, on Wednesday, March 8, 2023 to discuss its fourth quarter and full year 2022 financial and operating results, as well as its outlook for 2023. The Company plans to release results after market close on Tuesday, March 7, 2023. The release and supplemental slides will be available on the company's website at https://ir.crescentenergyco.com.

Crescent Energy Schedules Fourth Quarter and Full Year 2022 Earnings Release and Conference Call

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As oil and gas companies have shifted from survival to cash generation mode, their capital return strategies have come into focus. Some U.S. independents prioritize buybacks while others rely on dividends; few companies employ a mix of both strategies.

Buybacks Or Dividends? What Worked Better So Far

A low decline cash flow was the first priority. Now organic growth will likely be pursued.

Crescent Energy: Growth Ahead

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 $400 million aggregate principal amount of 9.250% Senior Notes due 2028 (the “Notes”). The Notes mature on February 15, 2028 and pay interest at the rate of 9.250% per year, payable on February 15 and August 15 of each year. The first interest payment on the Notes will be made on August 15, 2023. The Notes were priced at par. The Notes will be guaranteed on a senior unsecured basis by all of the Issuer's subsidiaries that guarantee its existing notes and the indebtedness under its revolving credit facility. The Issuer intends to use the net proceeds from this offering to repay a portion of the amounts outstanding under its revolving credit facility. This offering is expected to close on February 1, 2023, subject to customary closing conditions.

Crescent Energy Announces Pricing of $400 Million Private Placement of 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 $400 million aggregate principal amount of Senior Notes due 2028 (the “Notes”). The Notes will be guaranteed on a senior unsecured basis by all of the Issuer's subsidiaries that guarantee the Issuer's existing notes and the indebtedness under its revolving credit facility. The Issuer intends to use the net proceeds from this offering to repay a portion of the amounts outstanding under its revolving credit facility.

Crescent Energy Announces Offering of $400 Million Private Placement of Senior Notes Due 2028

U.S. Energy

U.S. Energy recently exchanged stock to outsiders who now control 80% of the voting shares after the sale. This transition has been underway since before 2019 when the new board was appointed.

Sell U.S. Energy Buy Crescent Energy

The company recently repurchased shares from a secondary offering. The repurchase reduces the need to find buyers for the additional public float. The time of post offering share weakness is likely to be smaller.

Crescent Energy: How To Handle More Public Shares

HOUSTON--( BUSINESS WIRE )--Crescent Energy Company (NYSE: CRGY), ("Crescent" or the "Company"), today announced that representatives of the Company will be participating in the BofA Leveraged Finance Conference in Boca Raton, Florida on November 29, 2022.

Crescent Energy to Attend BofA Leveraged Finance Conference

HOUSTON--( BUSINESS WIRE )--Crescent Energy Company (NYSE: CRGY), ("Crescent" or the "Company"), today announced that representatives of the Company will be participating in the BofA Global Energy Conference in Miami, Florida on November 17, 2022.

Crescent Energy to Attend BofA Global Energy Conference

Crescent Energy Company (NYSE:CRGY ) Q3 2022 Results Conference Call November 10, 2022 11:00 AM ET Company Participants Brandi Kendall - Chief Financial Officer David Rockecharlie - Chief Executive Officer Todd Falk - Chief Accounting Officer Benjamin Connor - Executive Vice Presidents Conference Call Participants Neil Dingman - Truist Securities Lloyd Byrne - Jefferies Tarek Hamid - JP Morgan Brandi Kendall Good morning and thank you for joining Crescent's third quarter 2022 earnings call. Our prepared remarks today will come from our CEO, David Rockecharlie, and myself, Todd Falk, Chief Accounting Officer and Ben Connor and Clay Rynd both Executive Vice Presidents are also here today and available during Q&A.

Crescent Energy Company (CRGY) Q3 2022 Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY), ("Crescent" or the "Company"), today announced financial and operating results for the third quarter of 2022 and a quarterly cash dividend of $0.17 per share.

Crescent Energy Reports Third Quarter 2022 Financial and Operating Results

HOUSTON--(BUSINESS WIRE)---- $CRGY--Crescent Energy Company (NYSE: CRGY) today announced plans to host a conference call and webcast to discuss its third quarter 2022 financial and operating results at 10 a.m.

Crescent Energy Schedules Third Quarter 2022 Earnings Release and Conference Call

Good management usually surprises to the upside. KKR is known for earning a return far in excess of typical investors.

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