Logo

CRGY

Crescent Energy Company

CRGY

Crescent Energy Company • NYSE
$9.41 ▲ 1.73% (+0.16)
Market Cap $2.40 B
52w High $16.94
52w Low $6.83
Dividend Yield 0.48%
P/E -30.35
Volume 1.87M
Outstanding Shares 254.63M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $866.579M ▼ $672.073M ▲ $-9.507M ▼ -1.097% ▼ $-0.037 ▼ $356.778M ▼
Q2-2025 $897.983M ▼ $658.198M ▲ $153.221M ▲ 17.063% ▲ $0.6 ▲ $575.83M ▲
Q1-2025 $950.172M ▲ $616.35M ▼ $-2.15M ▲ -0.226% ▲ $-0.01 ▲ $364.279M ▲
Q4-2024 $875.289M ▲ $756.675M ▲ $-118.039M ▼ -13.486% ▼ $-0.7 ▼ $171.719M ▼
Q3-2024 $744.874M $622.75M $-9.945M -1.335% $-0.07 $306.119M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $3.531M ▲ $9.694B ▼ $5.215B ▼ $4.471B ▼
Q2-2025 $3.054M ▼ $9.857B ▼ $5.358B ▼ $4.488B ▲
Q1-2025 $6.255M ▼ $9.872B ▲ $5.438B ▲ $3.255B ▲
Q4-2024 $132.818M ▼ $9.161B ▼ $4.793B ▼ $3.13B ▲
Q3-2024 $136.151M $9.25B $5.055B $2.86B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-9.507M ▼ $473.06M ▼ $-249.918M ▼ $-220.948M ▲ $1.983M ▲ $257.739M ▲
Q2-2025 $162.501M ▲ $498.966M ▲ $-212.188M ▲ $-289.273M ▼ $-2.495M ▲ $202.421M ▲
Q1-2025 $5.911M ▲ $337.114M ▼ $-1.057B ▼ $502.653M ▲ $-217.156M ▼ $-726.759M ▼
Q4-2024 $-169.945M ▼ $384.434M ▲ $-363.923M ▲ $42.327M ▲ $62.838M ▲ $-4.53M ▲
Q3-2024 $-5.579M $367.956M $-547.814M $-429.396M $-609.254M $-179.278M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Midstream And Other
Midstream And Other
 $30.00M ▲$40.00M ▲$40.00M ▲$30.00M ▼
Natural Gas Production
Natural Gas Production
 $140.00M ▲$190.00M ▲$160.00M ▼$140.00M ▼
Oil
Oil
 $610.00M ▲$620.00M ▲$0 ▼$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Crescent’s revenue base has expanded meaningfully over the past few years, but it has been bumpy, rising and falling with both acquisitions and commodity prices. Operating performance has generally been positive, yet profits at the bottom line have been inconsistent, with only one standout year of strong earnings and a recent return to a modest loss. This pattern suggests the core operations can generate healthy cash profits, but heavy non-cash charges, acquisition-related costs, interest, and price swings can quickly erode reported net income. Overall, it looks like an income statement shaped by deal activity and oil and gas cycles rather than by smooth, steady growth.

Balance Sheet

Balance Sheet The balance sheet shows a company that has scaled up quickly, with a significantly larger asset base than just a few years ago, largely driven by acquisitions. To fund that growth, debt levels have climbed, leaving Crescent meaningfully leveraged and dependent on disciplined cash management and stable commodity prices. Equity has been rebuilt after earlier pressure, which helps absorb some risk, but the cash balance on hand is relatively thin, suggesting limited cushion and reliance on ongoing cash generation and credit access. In short, it is a bigger, more complex balance sheet with more financial risk attached.

Cash Flow

Cash Flow Crescent’s operations consistently generate solid cash inflows, which is a key strength and helps offset the volatility seen in earnings. However, the company has been spending heavily on capital projects and acquisitions, so free cash flow after investment has often been near zero or negative. That pattern indicates a deliberate choice to reinvest aggressively for growth rather than to harvest cash, which can pay off if acquisitions and drilling deliver as planned but leaves less room for error. The business appears fundamentally cash-generative, but its investment pace means liquidity and leverage need close monitoring.

Competitive Edge

Competitive Edge Crescent positions itself as a specialist in buying and improving existing oil and gas assets, rather than relying solely on risky exploration or expensive bidding wars for premier acreage. Its edge lies in disciplined deal-making, a strong presence in established basins like the Eagle Ford, and a track record of squeezing more production and cash flow out of acquired properties. Hedging and a focus on long-life, lower-decline assets provide some cushion against price swings, though the company remains exposed to the usual commodity and regulatory risks of the sector. Execution risk is central here: the strategy depends on continuing to find attractive deals and integrating them smoothly in a competitive, cyclical industry.

Innovation and R&D

Innovation and R&D Crescent is not a classic lab-driven R&D story; its innovation is mostly about smarter operations and better use of existing technologies. The company leans on digital tools, data analytics, and advanced drilling and completion techniques to lift output and reduce costs from acquired fields. It is also experimenting with carbon capture and enhanced oil recovery and has set relatively ambitious emissions-reduction targets, which could help its positioning as environmental scrutiny rises. Still, most of these tools are available across the industry, so Crescent’s advantage comes more from disciplined application and integration than from owning unique, proprietary technology.

Summary

Crescent Energy has transformed itself into a larger, acquisition-driven energy producer with solid operating cash generation but uneven reported profits and rising financial leverage. The core business model—buying underappreciated assets, running them more efficiently, and protecting cash flows with hedging—seems coherent, yet it is inherently exposed to execution risk and commodity cycles. Heavy reinvestment has constrained free cash flow and increased debt, making balance-sheet discipline and successful integration of deals critical to the story. Looking ahead, the company’s trajectory will largely depend on how well it manages growth-by-acquisition, keeps leverage in check, and follows through on its operational efficiency and emissions-reduction goals in a volatile energy environment.

NEWS

November 3, 2025 · 4:20 PM UTC

Crescent Energy Reports Third Quarter 2025 Results

Read more

October 22, 2025 · 4:30 PM UTC

Crescent Energy Announces Updates to Revolving Credit Facility: Increased Borrowing Base, Extended Tenor and Early Synergy Capture

Read more

October 7, 2025 · 4:30 PM UTC

Crescent Energy Schedules Third Quarter 2025 Earnings Release and Conference Call

Read more