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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.

Rhea-AI Summary
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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Crescent Energy Company announces pricing of upsized public offering of 11,000,000 shares of Class A common stock at $12.25 per share
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Crescent Energy Company announces underwritten public offering of 10,000,000 shares of its Class A common stock to fund oil and gas property acquisition in Texas.
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Crescent Energy Company announces acquisition of working interest in Western Eagle Ford assets for $250 million in cash. Transaction expected to be immediately accretive to key financial metrics. Crescent will operate approximately 90% of its Eagle Ford position. Acquisition increases current production by 12 Mboe/d and capital investments by $5 million. Transaction to close in September 2023.
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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 $13.68 as of December 20, 2024.

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

The market cap of Crescent Energy Company (CRGY) is approximately 2.5B.

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.

Crescent Energy Company

NYSE:CRGY

CRGY Rankings

CRGY Stock Data

2.52B
168.14M
5.6%
75.11%
10.51%
Oil & Gas Integrated
Crude Petroleum & Natural Gas
Link
United States of America
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