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Crescent Energy Company - CRGY STOCK NEWS

Welcome to our dedicated page for Crescent Energy Company news (Ticker: CRGY), a resource for investors and traders seeking the latest updates and insights on Crescent Energy Company stock.

Crescent Energy Company (CRGY) is a diversified, well-capitalized U.S. independent energy company with a robust portfolio of assets in key proven basins across the lower 48 states. The company’s mission is to invest in energy assets and deliver superior returns, efficient operations, and responsible stewardship.

Crescent Energy operates with a strategic focus on achieving attractive risk-adjusted investment returns and predictable cash flows across market cycles. The company primarily emphasizes operated oil and gas assets, which are complemented by non-operated assets, mineral and royalty interests, and midstream infrastructure. This approach ensures a balanced and resilient asset base.

The core leadership team at Crescent Energy consists of experienced professionals from investment, financial, and industry backgrounds. This team has consistently executed a successful strategy since 2011, leveraging their expertise to drive value creation and sustainable growth.

Some of the key basins where Crescent Energy holds assets include the Eagle Ford, Rockies, Barnett, Permian, and Mid-Con. These regions are known for their prolific production and stable output, contributing significantly to the company’s overall performance.

Crescent Energy employs a differentiated business model that combines an investor mindset with deep operational expertise. This model allows the company to invest capital with discipline, focusing on cash flow generation and the acquisition and development of low-risk energy assets. The company's financial condition is solid, supported by a disciplined investment strategy and a focus on maintaining a strong balance sheet.

The company is also committed to environmental, social, and governance (ESG) principles. It actively engages in responsible practices that ensure long-term sustainability and positive community impact.

Recent Achievements and Projects:

  • Successful acquisitions and development projects in key basins, enhancing production capacity and asset value.
  • Consistent delivery of predictable cash flows, reflecting the strength of the company's operational and financial strategies.
  • Ongoing investment in midstream infrastructure, supporting efficient and cost-effective production and transportation of resources.

Overall, Crescent Energy Company stands out as a leader in the independent energy sector, known for its disciplined investment approach, operational excellence, and commitment to ESG principles.

News

Crescent Energy Announces Tender Offer for Its 7.250% Senior Notes due 2026

Rhea-AI Summary
Crescent Energy Finance , a subsidiary of Crescent Energy Company, has initiated a cash tender offer to purchase all outstanding senior notes listed in the Offer to Purchase. The offer includes the purchase of 7.250% Senior Notes due 2026 with a principal amount of $700,000,000 at a price of $1,018.83 per $1,000 of Notes. Holders will also receive accrued and unpaid interest. The Tender Offer expires on March 25, 2024, with settlement expected on March 26, 2024, and any remaining Notes will be redeemed on May 1, 2024, subject to conditions. CE Finance plans to use the proceeds from a Notes Offering to fund the purchase and redemption. BofA Securities is the exclusive Dealer Manager for the Tender Offer.
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Crescent Energy Announces Offering of $700 Million Private Placement of Senior Notes Due 2032

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Crescent Energy Company (CRGY) announces a private placement offering of $700 million Senior Notes due 2032 to fund the repurchase of existing 2026 Senior Notes, subject to market conditions. The offering is aimed at qualified institutional buyers and non-US persons.
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Crescent Energy Company Announces Pricing of Secondary Public Offering of Common Stock and Agreement to Repurchase OpCo Units

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Crescent Energy Company (CRGY) announces the pricing of an underwritten public offering of 12,000,000 shares of its Class A common stock at $10.50 per share. The offering is made by the Selling Stockholder, with an option for underwriters to purchase additional shares. The Company will not sell any shares in the offering. The offering is expected to close on March 11, 2024, subject to customary closing conditions.
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Crescent Energy Company Announces Secondary Public Offering of Common Stock and Intention to Repurchase OpCo Units

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Crescent Energy Company (CRGY) announces a public offering of 12,000,000 shares of its Class A common stock. The offering is made by the Selling Stockholder, Independence Energy Aggregator L.P. The Company will not sell any shares in the offering. Wells Fargo Securities, Evercore Group, and Raymond James & Associates are the joint book-running managers. The offering is subject to market conditions. The Company plans to purchase OpCo Units from the Selling Stockholder concurrently with the offering. The offering is not conditioned upon the OpCo Unit Purchase.
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Crescent Energy Reports Fourth Quarter and Full Year 2023 Results

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Crescent Energy Company (CRGY) reveals fourth quarter and full year 2023 financial results and 2024 outlook.
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Crescent Energy Schedules Fourth Quarter and Full Year 2023 Earnings Release and Conference Call

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Crescent Energy Company (CRGY) is hosting a conference call to discuss its Q4 and full year 2023 financial results and outlook for 2024 on March 5, 2024. Results will be released on March 4, 2024, with a webcast available on the company's website.
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Crescent Energy Receives a Gold Standard Pathway Rating from the United Nations'; Oil & Gas Methane Partnership for a Second Consecutive Year

Rhea-AI Summary
Crescent Energy Company (NYSE: CRGY) has received the Oil & Gas Methane Partnership’s Gold Standard pathway rating for a second consecutive year. This prestigious rating signifies a credible multi-year plan to measure methane emissions accurately. Crescent is one of only four U.S. based upstream companies to receive this rating. CEO David Rockecharlie emphasized the company's commitment to transparent reporting and accurate measurement of emissions.
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Crescent Energy Announces Offering of $150 Million Private Placement of Additional 9.250% Senior Notes Due 2028

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Crescent Energy Company (NYSE: CRGY) intends to offer $150 million aggregate principal amount of 9.250% Senior Notes due 2028. The Notes will mature on February 15, 2028, and pay interest at the rate of 9.250% per year. The net proceeds from this offering will be used to repay a portion of the amounts outstanding under its revolving credit facility. The Notes and the related guarantees have not been registered under the Securities Act, and may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.
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Crescent Energy Reports Record Third Quarter 2023 Results

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Crescent Energy Company (NYSE: CRGY) reported a net loss of $131 million and $59 million of Adjusted Net Income in the third quarter of 2023. The company generated $290 million of Adjusted EBITDAX, $189 million of Operating Cash Flow, and $160 million of Levered Free Cash Flow. Crescent achieved record production of 157 Mboe/d, a 13% increase over the previous quarter. They completed the integration of Western Eagle Ford ahead of schedule and raised $600 million in the capital markets. The company also published its 2022 Sustainability Report and declared a quarterly cash dividend of $0.12 per share.
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Crescent Energy Schedules Third Quarter 2023 Earnings Release and Conference Call

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Crescent Energy Company (NYSE: CRGY) will host a conference call and webcast on November 7, 2023, to discuss its Q3 financial and operating results.
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FAQ

What is the current stock price of Crescent Energy Company (CRGY)?

The current stock price of Crescent Energy Company (CRGY) is $12.525 as of November 4, 2024.

What is the market cap of Crescent Energy Company (CRGY)?

The market cap of Crescent Energy Company (CRGY) is approximately 2.0B.

What does Crescent Energy Company do?

Crescent Energy Company invests in energy assets, focusing on operated oil and gas assets, non-operated assets, mineral and royalty interests, and midstream infrastructure.

Where are Crescent Energy Company's key assets located?

Key assets are located in the Eagle Ford, Rockies, Barnett, Permian, and Mid-Con basins across the lower 48 states.

Who leads Crescent Energy Company?

Crescent Energy is led by a team of experienced investment, financial, and industry professionals who have been executing their strategy since 2011.

What is Crescent Energy Company's business model?

The company employs a differentiated business model that combines an investor mindset with deep operational expertise, focusing on cash flow generation and the acquisition and development of low-risk energy assets.

How does Crescent Energy ensure sustainable practices?

Crescent Energy is committed to ESG principles, actively engaging in responsible practices to ensure long-term sustainability and positive community impact.

What recent achievements has Crescent Energy accomplished?

Recent achievements include successful acquisitions and projects in key basins, consistent cash flow delivery, and investment in midstream infrastructure.

How does Crescent Energy handle risk management?

The company focuses on achieving attractive risk-adjusted returns through disciplined capital investment and maintaining a diversified and resilient asset portfolio.

What is Crescent Energy's financial condition?

Crescent Energy maintains a strong financial condition supported by a disciplined investment strategy and a focus on cash flow and balance sheet strength.

What is the main goal of Crescent Energy?

The main goal is to deliver superior returns, efficient operations, and responsible stewardship of energy assets.

What sets Crescent Energy apart from other energy companies?

Crescent Energy's unique combination of an investor mindset and deep operational expertise, along with its commitment to ESG principles, sets it apart in the energy sector.

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Crescent Energy Company

NYSE:CRGY

CRGY Rankings

#1936 Ranked by Market Cap
#820 Ranked by Dividends

CRGY Stock Data

2.04B
163.12M
6.39%
63.64%
12.27%
Oil & Gas Integrated
Crude Petroleum & Natural Gas
Link
United States of America
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