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Crescent Energy Company - CRGY STOCK NEWS

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About Crescent Energy Company (CRGY)

Crescent Energy Company (NYSE: CRGY) is a U.S.-based independent energy company with a diversified portfolio of assets strategically located across key proven basins in the lower 48 states. The company operates in the capital-intensive oil and gas industry, focusing on delivering attractive risk-adjusted investment returns and predictable cash flows through disciplined capital allocation and operational excellence. Crescent Energy's asset portfolio includes operated and non-operated oil and gas assets, mineral and royalty interests, and midstream infrastructure, providing a balanced mix of revenue streams and risk management.

Business Model and Strategic Approach

Crescent Energy employs a differentiated business model that combines an investor mindset with deep operational expertise. This approach enables the company to identify and acquire low-risk energy assets while maintaining a disciplined focus on cash flow generation. By leveraging its leadership team's extensive experience in investment, financial management, and energy operations, Crescent Energy has built a robust portfolio designed to perform across market cycles. The company's strategy emphasizes:

  • Disciplined Capital Deployment: Prioritizing investments with high cash flow potential and low operational risk.
  • Portfolio Diversification: Balancing operated and non-operated assets with mineral and royalty interests to reduce exposure to market volatility.
  • Operational Efficiency: Leveraging advanced operational practices to optimize production and reduce costs.

Asset Portfolio

Crescent Energy's diversified asset base spans several key basins in the United States, including the Eagle Ford, Rockies, Barnett, Permian, and Mid-Continent regions. This geographical diversity allows the company to mitigate regional risks while capitalizing on opportunities in some of the most productive energy basins in the country. The company's portfolio includes:

  • Operated Oil and Gas Assets: Core assets where Crescent Energy maintains operational control, ensuring efficient management and optimization.
  • Non-Operated Assets: Investments in oil and gas projects managed by third parties, providing additional revenue streams without direct operational involvement.
  • Mineral and Royalty Interests: Ownership stakes in mineral rights, offering consistent income through royalties without operational costs.
  • Midstream Infrastructure: Assets that support the transportation and processing of oil and gas, enhancing value chain integration.

Leadership and Market Position

Crescent Energy's leadership team comprises seasoned professionals with extensive experience in investment, financial management, and energy operations. This expertise underpins the company's ability to execute its strategy effectively and adapt to industry challenges. Operating in a competitive landscape alongside other independent energy companies, Crescent Energy differentiates itself through its disciplined investment approach, diversified asset base, and focus on cash flow generation. The company's strategic positioning and operational capabilities make it a significant player in the U.S. energy sector.

Industry Context

The oil and gas industry is characterized by cyclical demand, commodity price volatility, and stringent regulatory requirements. Crescent Energy navigates these challenges by maintaining a diversified portfolio, focusing on low-risk assets, and employing disciplined capital allocation. The company's ability to generate predictable cash flows and deliver risk-adjusted returns positions it well within the broader energy market. Its focus on operational efficiency and strategic investments ensures resilience in a competitive and dynamic industry.

Conclusion

With a diversified portfolio, disciplined investment strategy, and experienced leadership, Crescent Energy Company is a notable independent energy company in the U.S. market. Its focus on operational excellence, cash flow generation, and risk-adjusted returns underscores its commitment to delivering value across market cycles. By leveraging its unique combination of investor mindset and operational expertise, Crescent Energy continues to strengthen its position within the energy sector.

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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 (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 Company (CRGY) reveals fourth quarter and full year 2023 financial results and 2024 outlook.
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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 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 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 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 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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Crescent Energy Company prices private placement of $150 million Senior Notes due 2028, increasing offering size from $125 million. Proceeds to fund oil and gas property acquisition and repay credit facility.
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Crescent Energy Company (NYSE: CRGY) plans to offer $125 million aggregate principal amount of 9.250% Senior Notes due 2028 in a private placement. The proceeds will fund the acquisition of oil and gas properties in Texas. The offering is not contingent upon the completion of the acquisition.
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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 $11.55 as of March 3, 2025.

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

The market cap of Crescent Energy Company (CRGY) is approximately 2.4B.

What does Crescent Energy Company do?

Crescent Energy Company is an independent energy company focused on acquiring and managing a diversified portfolio of oil and gas assets, mineral and royalty interests, and midstream infrastructure in the U.S.

What is Crescent Energy's business model?

Crescent Energy combines an investor mindset with operational expertise to acquire low-risk energy assets, generate cash flow, and deliver risk-adjusted investment returns.

Where are Crescent Energy's assets located?

Crescent Energy's assets are located in key basins across the lower 48 states, including the Eagle Ford, Rockies, Barnett, Permian, and Mid-Continent regions.

What differentiates Crescent Energy from its competitors?

Crescent Energy differentiates itself through its disciplined investment approach, diversified asset portfolio, and focus on cash flow generation, supported by an experienced leadership team.

What types of assets does Crescent Energy manage?

Crescent Energy manages operated and non-operated oil and gas assets, mineral and royalty interests, and midstream infrastructure, providing a balanced mix of revenue streams.

How does Crescent Energy mitigate risks in its operations?

Crescent Energy mitigates risks through portfolio diversification, disciplined capital allocation, and a focus on low-risk energy assets with predictable cash flows.

What is Crescent Energy's approach to capital deployment?

Crescent Energy employs a disciplined approach to capital deployment, prioritizing investments with high cash flow potential and low operational risk.

Who leads Crescent Energy Company?

Crescent Energy is led by a team of experienced professionals with expertise in investment, financial management, and energy operations, enabling effective execution of its strategy.
Crescent Energy Company

NYSE:CRGY

CRGY Rankings

CRGY Stock Data

2.40B
171.39M
5.49%
85.96%
11.78%
Oil & Gas Integrated
Crude Petroleum & Natural Gas
Link
United States
HOUSTON