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.

HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY) ("Crescent" or the "Company") today announced amendments to its revolving credit facility (the “Credit Facility”), effective September 23, 2022. The amendments were recently approved by the 11 member banks supporting the facility and reflect the strength of the business, an outlook for substantial cash flow, growing proved reserves and a strong balance sheet. Amendment Highlights An 11% increase in the Company's borrowing base to $2

Crescent Energy Announces Positive Amendments to Revolving Credit Facility and Completes Secondary Equity Offering

Shares of oil and gas concern Crescent Energy Company have fallen by some 30% from highs earlier this year. With reduced correlation to energy prices and trading at an EV/FY22E EBITDAX of 2.8, the recent broad insider buying merited a deeper dive into this quasi-anonymous company.

Crescent Energy: Now With A 5% Dividend Yield

HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY) (“Crescent” or the “Company”) today released its second environmental, social and governance (“ESG”) report discussing the Company's activities in 2021 and setting ambitious targets for ESG performance. The report includes benchmarks for measuring future performance, consistent with Crescent's commitment to aligning with the SASB and Task Force on Climate-related Financial Disclosures (“TCFD”) frameworks. The full report can be foun

Crescent Energy Publishes Second Annual ESG Report; Announces New ESG Goals

HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (“Crescent” or the “Company”) (NYSE: CRGY) today announced the pricing of an underwritten public offering of 5,000,000 shares of its Class A common stock, par value $0.0001 per share (“Class A common stock”), at a price to the public of $15.00 per share, pursuant to a registration statement on Form S-1 (the “Registration Statement”) filed previously with the U.S. Securities and Exchange Commission (the “SEC”). The Class A common stock is being o

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

The stock price of Crescent Energy (CRGY) fell by 7.53% today. This is why.

Crescent Energy (CRGY) Stock: Why It Fell 7.53% Today

HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (“Crescent” or the “Company”) (NYSE: CRGY) today announced the commencement of an underwritten public offering of 5,000,000 shares of its Class A common stock, par value $0.0001 per share (“Class A common stock”), pursuant to a registration statement on Form S-1 filed with the U.S. Securities and Exchange Commission (the “SEC”). The Class A common stock is being offered by Independence Energy Aggregator L.P., the direct beneficial owner of the s

Crescent Energy Company Announces Secondary Public Offering of Class A Common Stock

The growth by acquisitions strategy is not the usual upstream strategy. But it can be very profitable. The KKR management is very experienced at building and selling companies. That reduces investment risk.

Crescent Energy: Growth Through Acquisition

Crescent Energy Company (NYSE:CRGY ) Q2 2022 Results Conference Call August 10, 2022 11:00 AM ET Company Participants Brandi Kendall - Chief Financial Officer David Rockecharlie - Chief Executive Officer Todd Falk - Chief Accounting Officer Ben Conner - Executive Vice President Clay Rynd - Executive Vice President Conference Call Participants Neil Davies - Truist Securities Tarek Hamid - JP Morgan Operator Greetings. Welcome to Crescent Energy Second Quarter 2022 Results Conference Call.

Crescent Energy Company (CRGY) CEO David Rockecharlie on Q2 2022 Results - Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)---- $CRGY--Crescent Energy Company (NYSE: CRGY), ("Crescent" or the "Company"), today announced financial and operating results for the second quarter of 2022 and a quarterly cash dividend of $0.17 per share. The Company plans to host a conference call and webcast to discuss the results at 10 a.m. CT, Wednesday, August 10, 2022. Details can be found in this release. Second Quarter 2022 Highlights Produced 142 MBoe/d, an 18% increase over the first quarter, primarily driven by Uin

Crescent Energy Reports Second 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 second quarter 2022 financial and operating results at 10 a.m. CT, on Wednesday, August 10, 2022. The Company plans to release results after market close on Tuesday, August 9, 2022. The earnings release and presentation for the second quarter 2022 results will be available on the company's website at https://ir.crescentenergyco.com. Conference Call Informatio

Crescent Energy Schedules Second Quarter 2022 Earnings Release and Conference Call

Crescent's Uinta acquisition is looking more profitable than originally projected by management. Management has some drilling opportunities to go with the original older production purchases.

Crescent Energy: It Is Showtime

Crescent Energy is an energy company with assets in over 48 states, predictable cash flow, and a predictable base of production. In the last quarterly report, Crescent increased its free cash flow guidance for the year 2022.

Crescent Energy: With Risks, But Also Drilling Opportunities

If you are looking for stocks that are well positioned to maintain their recent uptrend, Crescent Energy (CRGY) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.

Crescent Energy (CRGY) Is a Great Choice for "Trend" Investors, Here's Why

Crescent Energy Company (NYSE:CRGY ) Q1 2022 Earnings Conference Call May 11, 2022 11:00 AM ET Company Participants David Rockecharlie – Chief Executive Officer Brandi Kendall – Chief Financial Officer Emily Newport – Senior Vice President, Finance and Investor Relations Benjamin Conner - Executive Vice President, Investments Conference Call Participants Neil Davies – Truist Securities Joseph McKay – Wells Fargo Operator Greetings. Welcome to Crescent Energy First Quarter 2022 Results Conference Call.

Crescent Energy Company (CRGY) CEO David Rockecharlie on Q1 2022 Results - Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)---- $CRGY--Crescent Energy Company (NYSE: CRGY) today announced financial and operating results for the first quarter of 2022 and increased its quarterly cash dividend by 40% to $0.17 per share. The Company plans to host a conference call and webcast to discuss the results at 10 a.m. CT, Wednesday, May 11, 2022. Details can be found in this release. Recent Highlights Produced 120 MBoe/d (54% liquids) and incurred $85 million of capital Generated $406 million net loss (including $

Crescent Energy Reports First Quarter 2022 Financial and Operating Results

HOUSTON--(BUSINESS WIRE)---- $CRGY--Crescent Energy (NYSE: CRGY) today announced plans to host a conference call and webcast to discuss its first quarter 2022 financial and operating results at 10 a.m. CT, on Wednesday, May 11, 2022. The Company plans to release results after market close on Tuesday, May 10, 2022. The earnings release and presentation for the first quarter 2022 results will be available on the company's website at https://ir.crescentenergyco.com. Conference Call Information Time: 10 a.m.

Crescent Energy Schedules First Quarter 2022 Earnings Release and Conference Call

Crescent Energy: Relaxing Acquisition Discipline

HOUSTON--(BUSINESS WIRE)---- $CRGY--Crescent Energy Company (NYSE: CRGY) today announced the closing of its previously announced acquisition of Uinta Basin assets. Total cash consideration at closing was approximately $690 million. Crescent CEO David Rockecharlie said, “We are excited to close this highly accretive transaction and expand our Rockies position. We were able to acquire these assets at a compelling valuation while maintaining our financial strength and flexibility. The transaction adds signi

Crescent Energy Closes Accretive Acquisition of Uinta Basin Assets

KKR is using an atypical low debt strategy in the pursuit of big profits.

Crescent Energy: No Debt Issues Here

This very experienced management can handle a growth-by-acquisition strategy.

Crescent Energy: It's Showtime

Crescent Energy Company 's (CRGY) CEO David Rockecharlie on Q4 2021 Results - Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)---- $CRGY--Crescent Energy Company (NYSE: CRGY) today announced actual and pro forma financial and operational results for 2021 and declared a quarterly cash dividend of $0.12 per share, payable on March 31, 2022, to holders of record on March 18, 2022. Crescent plans to host a conference call and webcast to discuss these results, as well as its 2022 outlook at 10 a.m. CT, Thursday, March 10. Complete details are available within this release. Pro forma 2021 financial and operati

Crescent Energy Reports 2021 Financial and Operational Results

HOUSTON--(BUSINESS WIRE)---- $CRGY--Crescent Energy today announced plans to host a conference call and webcast to discuss its full-year 2021 financial and operating results at 10 a.m. CT, on Thursday, March 10, 2022. The Company plans to release results after market close on Wednesday, March 9, 2022. The earnings release and presentation for the full-year 2021 results 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)

Crescent Energy Schedules Full-Year 2021 Earnings Release and Conference Call

Crescent Energy Co. CRGY, -2.72% said Wednesday it agreed to pay $815 million in cash for Uinta Basin assets previously owned by EP Energy. Verdun Oil Company II LLC is the seller on the deal, which is expected to close in the first half of 2022.

Crescent Energy buys Uinta oil and gas assets in Utah

HOUSTON--(BUSINESS WIRE)---- $CRGY--Crescent Energy Company (NYSE: CRGY) today announced that it has entered into a definitive purchase agreement with Verdun Oil Company II LLC to acquire Uinta Basin assets previously owned by EP Energy for $815 million, subject to customary purchase price adjustments. The all-cash transaction, expected to close in the first half of 2022, will be funded through the company's revolving credit facility and cash on hand. Closing is subject to customary closing conditions, i

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