CRGY
Crescent Energy Company8.26
-0.66-7.4%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A details Permian synergies, royalties.
Q&A drilled into Permian synergies, already capturing $40 million in overhead and financing savings en route to a doubled $190 million target—half from ops tweaks like simulfracs, longer laterals, and supply chain deals. Management flagged well-cost runway, Barnett as bonus upside, and flat 2026 oil volumes amid Vital declines, with corporate base decline in high 20s targeting under 25%. Royalties get same 2x returns discipline, primed for 20% CAGR scaling. No M&A rush; focus stays on integration. Team exudes execution confidence. Synergies will matter most.
Key Stats
Market Cap
2.10BP/E (TTM)
-Basic EPS (TTM)
-0.31Dividend Yield
0.05%Recent Filings
8-K
CRGY issues $690M convertibles
Crescent Energy issued $690M of 2.75% convertible senior notes due 2031 on March 6, 2026, upsized from $600M via full exercise of the $90M greenshoe. Notes convert at $14.89/share (32.5% premium to $11.24 close), with $57M capped calls capping dilution to $22.48/share. Proceeds repay 9.25% 2028 notes and fund general purposes. Notes rank senior unsecured, effectively junior to secured debt.
8-K
Launches $400M convertible notes
Crescent Energy launched a $400M private placement of Convertible Senior Notes due 2031, eyeing up to $60M more. Proceeds, plus revolver draws, will redeem all outstanding 9.250% Senior Notes due 2028 around March 12, 2026—Redemption hinges on Notes closing. Capped calls curb dilution. Refinancing swaps high-rate debt for longer-term convertibles.
8-K
CRGY's 2025 results beat expectations
Crescent Energy reported full-year 2025 results on February 25, 2026, with record 260 MBoe/d production, $1.7B operating cash flow, and $856M levered free cash flow after $5B in acquisitions and divestitures that scaled Eagle Ford, Permian, and Uinta positions. Net leverage hit 1.5x with $2B liquidity. 2026 guidance targets 320-335 MBoe/d. Portfolio sharpened.
10-K
FY2025 results
Crescent Energy grew production 29% to 260 MBoe/d in FY2025 ended December 31, 2025, with Eagle Ford driving 172 MBoe/d (up 64% y/y derived), fueled by SilverBow and Ridgemar acquisitions adding scale while generating $856M levered free cash flow. Q4 accelerated momentum, with Eagle Ford output surging amid strong drilling (380 gross productive wells). Reserves swelled 38% to 976 MMBoe (61% liquids), PV-10 up 34% to $8.6B. Debt rose to $5.5B post-Vital merger, but liquidity holds firm with $1.2B availability. Q4 buybacks paused; $0.48/share dividend steady. Commodity volatility risks quarterly momentum.
8-K
Hedge settlements yield $165M
Crescent Energy expects $84 million in total cash from hedge settlements for Q4 2025 and $165 million for the full year, including $50 million and $82 million from net derivative settlements plus $34 million and $83 million from acquired contracts tied to SilverBow and Vital mergers. These inflows boost Adjusted EBITDAX. Figures are preliminary.
CRC
California Resources Corporatio
44.64-2.15
CRCE
CIRCLE ENERGY INC
1.20+0.00
CRK
Comstock Resources, Inc.
21.28-0.41
CTRA
Coterra Energy Inc.
25.30-0.97
CVE
Cenovus Energy Inc
16.83-0.81
CVX
Chevron Corporation
146.75-3.05
DEC
Diversified Energy Company
13.61-0.13
EOG
EOG Resources, Inc.
101.78-4.15
NOG
Northern Oil and Gas, Inc.
21.69-0.91
USEG
U.S. Energy Corp.
0.94-0.01