Pursuant to the terms merger agreement, William Albrecht and Jarvis Hollingsworth, former directors of Vital Energy, have been appointed to Crescent's Board of Directors (the "Board†) and Michael Duginski resigned from the Board in connection with the closing of the acquisition. With these changes, Crescent's Board now comprises twelve directors, ten of whom are independent. The newly appointed directors bring valuable expertise and will further strengthen Crescent's experienced and engaged Board. Additio ...

Core Points - Crescent Energy Finance LLC, a subsidiary of Crescent Energy Company, announced the early results of the 2029 Notes Exchange Offer for existing 7.75% Senior Notes due 2029 issued by Vital Energy, Inc. [1] Company Summary - The exchange offer involves any and all 7.75% Senior Notes due 2029 held by Eligible Holders, with an aggregate principal amount of up to $298,214,000 for the new notes [1]

Core Viewpoint - Crescent Energy Company has received overwhelming shareholder approval for the issuance of Class A common stock in connection with its proposed merger with Vital Energy, expected to close on December 15, 2025 [1][3]. Group 1: Shareholder Approval - Approximately 98% of the Crescent common stock voted in favor of the merger, resulting in about 81% of the outstanding Crescent common stock voting in favor [3]. - The strong support from shareholders reinforces investor confidence in Crescent's disciplined strategy and execution track record [2]. Group 2: Company Strategy and Operations - Crescent Energy is committed to delivering value for shareholders through a disciplined growth through acquisition strategy and consistent return of capital [4]. - The company focuses its investing and operating activities in the Eagle Ford, Permian, and Uinta basins, combining significant cash flow from stable production with high-quality development inventory [4].

Core Insights - Crescent Energy (CRGY) is focused on oil and gas exploration and production in the United States, primarily operating in the Eagle Ford Basin in Texas and the Uinta Basin [1] Company Overview - Crescent Energy is an American company dedicated to the exploration and production of oil and gas [1] - The company operates mainly in the Eagle Ford Basin in Texas and the Uinta Basin [1] Investment Focus - The company is characterized by sustained free cash flows, low levels of leverage, and sustainable debt over time [1] - It targets companies in distress with high recovery potential, particularly in sectors like oil & gas, metals, and mining [1] - Crescent Energy is positioned in emerging markets, showing high margins and medium to long-term investment opportunities [1] Shareholder Value - The company maintains a solid pro-shareholder attitude, with sustained buyback programs and dividend distributions [1]

Core Viewpoint - Crescent Energy Company (NYSE:CRGY) is considered a cheap oil stock under $10, with a Buy rating maintained by Siebert Williams Shank & Co. and a price target of $14 [1]. Financial Performance - Crescent Energy reported Q3 2025 revenues of $866.6 million, which is 16% higher than Q3 2024 but below the forecast of $876.5 million [2]. - The company's EPS fell short of analyst expectations by 111.76%, attributed to non-cash charges from asset impairments and acquisition expenses [2]. Production Metrics - Average net production for the quarter was 253 thousand barrels of oil equivalent per day (Mboe/d), consisting of 41% oil and 58% liquids, despite a 4 Mboe/d decline due to recent divestitures [3]. - Management reported drilling 16 gross operated wells and bringing 31 online in the Eagle Ford region [3]. Capital Expenditures - Full-year 2025 capital expenditures have been raised to $910–$970 million, reflecting a 4% improvement from initial targets, driven by efficiencies and proceeds from divestitures [4]. Company Overview - Crescent Energy is an oil and natural gas company that develops and operates large-scale production assets across the United States, focusing on crude oil and natural gas [4].

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about Crescent Energy (CRGY) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Crescent Energy currently ...

Group 1 - Crescent Energy Company's share price fell by 7.33% from November 11 to November 18, 2025, making it one of the worst-performing energy stocks during that week [1] - Piper Sandler analyst Mark Lear revised the price target for Crescent Energy from $15 to $13 while maintaining an 'Overweight' rating, citing updates to exploration and production models following Q3 reports [3] - The company reported a strong Q3 performance with adjusted EPS of $0.35, exceeding expectations by $0.04, and revenue growth of 16.3% year-over-year to $866 million [4] Group 2 - Crescent Energy agreed to sell its drilling portfolio in the US Rocky Mountain region for over $400 million, which is expected to strengthen its balance sheet and allow a focus on core areas in the Eagle Ford and Uinta basins [4] - Despite the recent dip in share price, the earlier gain of over 20% in the month was attributed to the positive Q3 results, indicating potential profit-taking by investors [4]

Core Insights - Crescent Energy Company (NYSE:CRGY) has shown strong performance, extending its winning streak to five consecutive days with an 8.15% increase in stock price, closing at $9.69, driven by rising oil and gas prices and investor interest ahead of a dividend record date [1][3]. Industry Overview - Natural gas prices increased by 5.23% to $4.57/MMBtu, while Brent and WTI crude oil prices rose by 1.65% and 1.51%, reaching $65.12 and $61.04 per barrel, respectively, influenced by sanctions imposed by President Donald Trump on Russian oil firms due to the ongoing war in Ukraine [2]. - The energy sector typically experiences a rise in power demand during the winter months, attributed to increased household consumption for heating [3]. Company Performance - In the third quarter, Crescent Energy reported a narrowed net loss of $9.5 million, down from $9.9 million year-on-year, while revenues increased by 16.3% to $866 million from $744.9 million [4]. - Common shareholders of Crescent Energy are set to receive a dividend of $0.12 per share, payable on December 1, 2025, for shares held as of November 17 [5].

Production and Sales - Third quarter production averaged 253 MBoe/d, consisting of approximately 41% oil and 58% liquids, with oil production at 103 Mbo/d[4] - For the three months ended September 30, 2025, average daily net sales volumes were 103 MBbls/d for oil, 631 MMcf/d for natural gas, and 45 MBbls/d for NGLs, resulting in a total of 253 MBoe/d, representing a 15.5% increase from 219 MBoe/d in the same period of 2024[26] - Total revenues for the three months ended September 30, 2025, were $866.6 million, up 16.3% from $744.9 million in the same period of 2024, driven by increased oil and natural gas sales[27] - The average realized price for oil was $63.07 per Bbl, a decrease of 8.3% from $69.19 per Bbl in the same period of 2024, while natural gas prices increased to $2.49 per Mcf from $1.55 per Mcf[26] Financial Performance - Crescent reported a net loss of $10 million and an Adjusted Net Income of $88 million for the third quarter[5] - Generated $487 million in Adjusted EBITDAX, $473 million in Operating Cash Flow, and $204 million in Levered Free Cash Flow[5] - Net income attributable to Crescent for the nine months ended September 30, 2025, was $141.6 million, compared to $3.4 million in the same period of 2024, indicating a significant improvement in profitability[27] - The company reported net cash provided by operating activities of $1,309,140 thousand for the nine months ended September 30, 2025, compared to $838,652 thousand for the same period in 2024, an increase of approximately 55.9%[32] - Adjusted Net Income for the three months ended September 30, 2025, was $88,332 thousand, compared to $81,972 thousand in 2024, showing an increase of approximately 7.5%[42] Cost Management and Efficiency - Achieved 15% savings in drilling, completion, and facilities costs per foot compared to 2024, enhancing capital efficiencies in the Eagle Ford[6] - Operating expenses per Boe for the three months ended September 30, 2025, were $16.65, slightly higher than $16.23 in the same period of 2024, reflecting ongoing cost management efforts[26] - General and administrative expenses decreased significantly to $74.3 million for the three months ended September 30, 2025, from $159.7 million in the same period of 2024, reflecting improved cost control measures[27] - The company incurred transaction and nonrecurring expenses of $19,938 thousand for the three months ended September 30, 2025, compared to $56,311 thousand in 2024, reflecting a decrease of approximately 64.5%[42] Debt and Equity - Strengthened the balance sheet with approximately $150 million in debt repayment and expanded the borrowing base by 50% to $3.9 billion[6] - Long-term debt increased to $3,221,409 thousand as of September 30, 2025, up from $3,049,255 thousand on December 31, 2024, marking an increase of about 5.6%[30] - Total current liabilities rose to $864,198 thousand as of September 30, 2025, compared to $827,363 thousand at the end of 2024, reflecting an increase of approximately 4.4%[30] - Total equity increased to $4,478,881 thousand as of September 30, 2025, compared to $3,139,631 thousand at the end of 2024, representing a growth of approximately 42.7%[30] Future Outlook and Guidance - Enhanced 2025 guidance for the second consecutive quarter, resulting in a 4% improvement in capital outlook while maintaining production levels[9][10] - Future guidance indicates a focus on increasing production volumes and optimizing operational efficiencies to drive revenue growth in the upcoming quarters[25] Acquisitions and Divestitures - Announced the acquisition of Vital Energy for approximately $3.1 billion in an all-stock transaction, expected to close in late Q4 2025[7] - Executed agreements for non-core divestitures totaling over $800 million year-to-date, including more than $700 million in September and October 2025[8] Market Conditions and Derivatives - The company achieved a gain on derivatives of $55.7 million for the three months ended September 30, 2025, compared to a gain of $96.9 million in the same period of 2024, indicating volatility in market conditions[27] - The unrealized loss on derivatives for the three months ended September 30, 2025, was $(33,859) thousand, compared to $(91,672) thousand in 2024, indicating an improvement in derivative performance[42] Dividends - Approved a cash dividend of $0.12 per share for the third quarter, payable on December 1, 2025[11] - Class A common stock dividends for Q3 2025 were $30,554,000, up from $19,562,000 in Q3 2024, representing a 56.9% increase[52] - Adjusted dividends paid for the nine months ended September 30, 2025, totaled $92,125,000, compared to $69,692,000 for the same period in 2024, reflecting a 32.2% increase[52]

Group 1 - The article discusses the analysis of oil and gas companies, specifically focusing on Crescent Energy and similar firms, highlighting the search for undervalued companies in the sector [1] - The author emphasizes the cyclical nature of the oil and gas industry, which requires patience and experience for successful investment [2] - The investing group, Oil & Gas Value Research, aims to identify under-followed oil companies and out-of-favor midstream companies that present attractive investment opportunities [2] Group 2 - The article mentions that the investing group includes an active chat room for discussions among oil and gas investors, facilitating the sharing of recent information and ideas [2] - The author has a beneficial long position in Crescent Energy shares, indicating a personal investment interest in the company [3] - The article does not provide specific investment recommendations but encourages investors to review company documents and press releases for their own investment qualifications [4]