Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth po ...

Crescent Energy (CRGY) ended the recent trading session at $8.45, demonstrating a -3.21% change from the preceding day's closing price. This change lagged the S&P 500's 0.14% gain on the day. Elsewhere, the Dow lost 0.04%, while the tech-heavy Nasdaq added 0.38%. Coming into today, shares of the oil and gas company had lost 7.81% in the past month. In that same time, the Oils-Energy sector lost 0.85%, while the S&P 500 gained 5.35%. The investment community will be paying close attention to the earnings per ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Crescent Energy (CRGY) . This company, which is in the Zacks Alternative Energy - Other industry, shows potential for another earnings beat.This oil and gas company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past t ...

Core Viewpoint - Crescent Energy's stock performance has shown resilience, with a recent increase of 2.73% despite broader market declines, indicating potential investor confidence in the company [1] Company Performance - Crescent Energy is expected to report an EPS of $0.23, reflecting a 25.81% decrease year-over-year, while revenue is anticipated to reach $877.96 million, a 34.39% increase from the previous year [2] - For the full year, earnings are projected at $1.67 per share, down 6.18% from the previous year, with revenue expected to be $3.65 billion, up 24.67% [3] Analyst Estimates - Recent changes in analyst estimates for Crescent Energy are crucial, as they often indicate shifts in near-term business trends, with positive revisions suggesting confidence in performance [3][4] - The Zacks Consensus EPS estimate has increased by 2.07% over the last 30 days, although Crescent Energy currently holds a Zacks Rank of 4 (Sell) [5] Valuation Metrics - Crescent Energy's Forward P/E ratio stands at 5.71, significantly lower than the industry average of 19.9, indicating a potential undervaluation [6] - The Alternative Energy - Other industry, part of the Oils-Energy sector, has a Zacks Industry Rank of 169, placing it in the bottom 32% of over 250 industries [6]

Financial Data and Key Metrics Changes - The company reported free cash flow generation of over $240 million for the quarter, translating to an annualized free cash flow yield of approximately 45% [7][21] - Adjusted EBITDA for the quarter was approximately $530 million, with levered free cash flow of about $242 million [18] - Capital expenditures were $208 million, which was notably better than forecasted due to improved drilling and completion costs [18] Business Line Data and Key Metrics Changes - The company achieved record production of 258,000 barrels of oil equivalent per day [11] - The Eagle Ford development saw a 10% savings in drilling, completions, and facilities costs compared to 2024 [11] Market Data and Key Metrics Changes - Approximately 60% of the company's 2025 oil and natural gas production is hedged at a significant premium to current market pricing [12] - The company maintains a net leverage of 1.5 times, within its publicly stated range of one to 1.5 times [19] Company Strategy and Development Direction - The company emphasizes flexibility in capital allocation, focusing on maximizing free cash flow and returns based on commodity price movements [9][22] - The strategy includes maintaining a low decline and less capital-intensive business model, which allows for durable free cash flow generation [10][22] - The company has closed approximately $90 million in accretive asset sales in 2025 to streamline its portfolio [15][16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to outperform during periods of volatility, highlighting a consistent strategy over the past decade [9][22] - The current market environment is viewed as an opportunity for the company to capitalize on potential acquisitions and enhance its portfolio [14][66] Other Important Information - The company announced a dividend of $0.12 per share and has repurchased approximately $30 million worth of stock year-to-date [20] - The transition to a single class of common shares has simplified the corporate structure, increasing investor accessibility [20][70] Q&A Session Summary Question: Current commodity price environment and capital allocation - Management indicated that capital allocation is focused on returns, with flexibility to adjust based on market conditions [24][26] Question: Expectations for oil volumes and CapEx - Oil production is expected to increase quarter over quarter, with Q2 anticipated to be the highest capital quarter for the year [30] Question: Status of the joint venture - The joint venture has no ongoing capital commitments, allowing for maximum flexibility [35] Question: Role of hedges in decision-making - Hedges are viewed as a separate asset, protecting the balance sheet but not influencing drilling decisions [41][42] Question: Allocating free cash flow between buybacks and debt reduction - The balance sheet and fixed dividend remain top priorities, with buybacks considered opportunistically [43] Question: Market conditions and M&A opportunities - The company is always in the market looking for value and can act quickly on opportunities [50][66] Question: Operating costs and LOE impacts - Operating costs are expected to be highest in Q1 due to winter weather, aligning with expectations [74] Question: Ridgemar acquisition oil mix - The Ridgemar assets are expected to contribute to an increase in oil cut over the year [78] Question: Benefits of eliminating the Up C structure - The simplification of the corporate structure is seen as a value add, streamlining reporting and enhancing investor accessibility [82][70]

Crescent Energy Co (CRGY) Q1 2025 Earnings Call May 06, 2025 11:00 AM ET Speaker0 Greetings, and welcome to the Crescent Energy Q1 twenty twenty five Results Conference Call. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. It's now my pleasure to introduce your host, Reed Gallagher, Investor Relations. Thank you. You may begin. Speaker1 Good Speaker2 morning, and thank you for joini ...

Group 1 - The article focuses on analyzing oil and gas companies, particularly Crescent Energy, to identify undervalued opportunities in the sector [1] - Cash flow is emphasized as a significant priority for management in the oil and gas industry, which is characterized as a cyclical boom-bust market [2] - The analysis includes a breakdown of balance sheets, competitive positions, and development prospects of companies in the oil and gas space [1] Group 2 - The author has a beneficial long position in Crescent Energy shares, indicating a personal investment interest in the company [3] - The article is not intended as investment advice, and investors are encouraged to conduct their own research [4] - Seeking Alpha clarifies that past performance does not guarantee future results and that the views expressed may not reflect the platform's overall stance [5]

Core Insights - Crescent Energy reported revenue of $950.17 million for the quarter ended March 2025, reflecting a 44.5% increase year-over-year [1] - The company's EPS was $0.56, up from $0.46 in the same quarter last year, with an EPS surprise of +19.15% compared to the consensus estimate of $0.47 [1] Financial Performance - Revenue exceeded the Zacks Consensus Estimate of $937.06 million, resulting in a surprise of +1.40% [1] - Average daily net sales volumes totaled 258 million barrels of oil equivalent, slightly below the analyst estimate of 259.04 million [4] - Natural gas sales volumes averaged 655 million cubic feet, slightly above the estimate of 652.47 million cubic feet [4] - Oil sales volumes averaged 102 million barrels, close to the estimate of 102.48 million barrels [4] - Natural gas liquids sales volumes averaged 47 million barrels, exceeding the estimate of 44.3 million barrels [4] Pricing Metrics - Average sales price per barrel for natural gas liquids was $25.43, above the estimate of $24.29 [4] - Average sales price per thousand cubic feet for natural gas was $3.18, compared to the estimate of $3.13 [4] - Average sales price per barrel for oil and condensate was $67.64, slightly above the estimate of $67.61 [4] - Average realized prices per barrel for natural gas liquids after derivative settlements were $25.13, exceeding the estimate of $24.25 [4] Revenue Breakdown - Revenues from natural gas reached $187.44 million, significantly above the estimate of $173.27 million, representing a year-over-year increase of +134.5% [4] - Revenues from oil were $619.66 million, slightly below the estimate of $637.78 million, with a year-over-year increase of +30.8% [4] - Revenues from natural gas liquids were $107.58 million, surpassing the estimate of $97.50 million [4] - Revenues from midstream and other operations totaled $35.50 million, above the estimate of $31.05 million [4] Stock Performance - Crescent Energy shares returned +10.2% over the past month, outperforming the Zacks S&P 500 composite's +0.4% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance in the near term [3]

Core Viewpoint - Crescent Energy (CRGY) reported quarterly earnings of $0.56 per share, exceeding the Zacks Consensus Estimate of $0.47 per share, and showing an increase from $0.46 per share a year ago, representing an earnings surprise of 19.15% [1][2] Financial Performance - The company posted revenues of $950.17 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 1.40%, and up from $657.47 million year-over-year [2] - Over the last four quarters, Crescent Energy has exceeded consensus EPS estimates four times and topped consensus revenue estimates two times [2] Stock Performance and Outlook - Crescent Energy shares have declined approximately 41% since the beginning of the year, compared to a decline of 3.3% for the S&P 500 [3] - The company's earnings outlook is uncertain, with current consensus EPS estimates at $0.26 for the upcoming quarter and $1.66 for the current fiscal year, with revenues expected to be $898.17 million and $3.7 billion respectively [7] Industry Context - The Alternative Energy - Other industry, to which Crescent Energy belongs, is currently ranked in the bottom 41% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Crescent Energy's stock performance [5]

May 2025 Disclaimer The information in this presentation relates to Crescent Energy Company (the "Company," "Crescent," "we," "us," "our" or "CRGY") and contains information that includes or is based upon "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included in this presentation, including statements ...