Financial Performance - Crescent Energy's Q2 2025 Adjusted EBITDAX was approximately $514 million[17] - The company generated approximately $171 million in Levered Free Cash Flow during Q2 2025[17] - Crescent Energy repurchased approximately $28 million of shares at an average price of $788 per share during Q2 2025[13] - The company has ~$110 million of non-core divestitures YTD[15] Production and Operations - Q2 2025 production averaged approximately 263 Mboe/d, with approximately 41% oil and approximately 59% liquids[17] - Eagle Ford net production was approximately 173 Mboe/d with approximately 42% oil[33] - Uinta net production was approximately 23 Mboe/d with approximately 62% oil[39] - Drilling and completions efficiency gains of ~15% and ~33%, respectively, since 2023 in Eagle Ford[34] Outlook and Strategy - Capital Expenditures are expected to be between $910 million and $990 million for FY'25[20, 64] - Cash taxes are now projected to be 0% of Adjusted EBITDAX for FY'25, a decrease from the prior outlook of 20%-50%[20, 64] - The company closed acquisition of minerals and royalty assets for ~$72 million[15, 46]

Financial Performance - Crescent Energy reported revenue of $897.98 million for the quarter ended June 2025, reflecting a 37.5% increase year-over-year [1] - The earnings per share (EPS) was $0.43, up from $0.31 in the same quarter last year, representing an EPS surprise of +86.96% compared to the consensus estimate of $0.23 [1] - The reported revenue exceeded the Zacks Consensus Estimate of $895.46 million by +0.28% [1] Key Metrics - Average daily net sales volumes for natural gas liquids were 48 million barrels of oil per day, surpassing the analyst estimate of 45.09 million barrels [4] - Total average daily net sales volumes reached 263 million barrels of oil equivalent per day, compared to the estimated 256.49 million barrels [4] - Average daily net sales volumes for oil were 108 million barrels of oil per day, exceeding the estimate of 105.68 million barrels [4] - Average sales price per barrel of oil and condensate was $61.47, higher than the estimated $60.85 [4] - Average daily net sales volumes for natural gas were 644 million cubic feet per day, above the estimate of 635.15 million cubic feet [4] Revenue Breakdown - Revenues from natural gas amounted to $159 million, slightly below the average estimate of $162.35 million, but showed a significant year-over-year increase of +210.1% [4] - Midstream and other revenues were reported at $38.35 million, exceeding the estimate of $34 million, with an 8.1% year-over-year increase [4] - Revenues from natural gas liquids reached $98.14 million, surpassing the estimated $86.85 million [4] - Oil revenues were reported at $602.49 million, which was below the estimate of $616.23 million, but still represented a +20.6% change compared to the previous year [4] Stock Performance - Crescent Energy's shares have returned -1.9% over the past month, while the Zacks S&P 500 composite increased by +0.6% [3] - The stock currently holds a Zacks Rank 1 (Strong Buy), indicating potential for outperformance in the near term [3]

Core Insights - Crescent Energy (CRGY) reported quarterly earnings of $0.43 per share, exceeding the Zacks Consensus Estimate of $0.23 per share, and showing an increase from $0.31 per share a year ago, resulting in an earnings surprise of +86.96% [1] - The company achieved revenues of $897.98 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 0.28% and up from $653.28 million year-over-year [2] - Crescent Energy has consistently surpassed consensus EPS estimates over the last four quarters, achieving this four times [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.37, with projected revenues of $917.51 million, and for the current fiscal year, the EPS estimate is $1.52 on revenues of $3.7 billion [7] - The trend of estimate revisions for Crescent Energy was favorable ahead of the earnings release, leading to a Zacks Rank 1 (Strong Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Alternative Energy - Other industry, to which Crescent Energy belongs, is currently ranked in the bottom 39% of over 250 Zacks industries, suggesting potential challenges for stock performance compared to higher-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

[Part I - Financial Information](index=7&type=section&id=Part%20I%20-%20Financial%20Information) [Financial Statements](index=7&type=section&id=Item%201.%20Financial%20Statements) Crescent Energy's Q2 2025 financial statements reflect increased assets and liabilities due to acquisitions, with net income and operating cash flow significantly improving year-over-year Condensed Consolidated Balance Sheet Data (in thousands) | Account | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | **Total Current Assets** | $753,271 | $788,088 | | **Property, Plant and Equipment, net** | $8,980,400 | $8,145,054 | | **TOTAL ASSETS** | **$9,856,686** | **$9,160,649** | | **Total Current Liabilities** | $851,595 | $827,363 | | **Long-term Debt** | $3,373,595 | $3,049,255 | | **Total Liabilities** | $5,357,962 | $4,792,689 | | **Total Equity** | $4,498,724 | $3,139,631 | | **TOTAL LIABILITIES AND EQUITY** | **$9,856,686** | **$9,160,649** | Condensed Consolidated Statements of Operations (in thousands, except per share amounts) | Metric | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | **Total Revenues** | $1,848,156 | $1,310,756 | | **Total Expenses** | $1,596,293 | $1,057,352 | | **Income from Operations** | $251,863 | $253,404 | | **Net Income** | $168,412 | $37,841 | | **Net Income Attributable to Crescent** | $151,074 | $13,379 | | **Diluted EPS (Class A)** | $0.67 | $0.13 | Condensed Consolidated Statements of Cash Flows (in thousands) | Cash Flow Activity | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | **Net Cash from Operating Activities** | $836,080 | $470,696 | | **Net Cash used in Investing Activities** | $(1,269,111) | $(286,562) | | **Net Cash from Financing Activities** | $213,380 | $594,461 | - In April 2025, the company simplified its corporate structure by eliminating the Up-C structure; all remaining Class B common stock and corresponding OpCo units were exchanged for Class A common stock, resulting in all common stockholders holding Class A shares[37](index=37&type=chunk) - The company completed the Ridgemar Acquisition on January 31, 2025, for **$807.2 million** in cash and **5.5 million** shares of Class A Common Stock, plus up to **$170.0 million** in contingent consideration[64](index=64&type=chunk) - The company consummated the SilverBow Merger on July 30, 2024, issuing **51.6 million** shares of Class A Common Stock and paying **$382.4 million** in cash to former SilverBow shareholders[65](index=65&type=chunk)[67](index=67&type=chunk) - In March 2025, the company sold non-core assets for **$83.0 million**, recording an impairment of **$48.6 million** on these assets during the six months ended June 30, 2025[77](index=77&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=35&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management attributes significant H1 2025 revenue and production growth to recent acquisitions, effectively managing commodity price fluctuations and optimizing debt [Results of Operations](index=42&type=section&id=Results%20of%20Operations) Q2 2025 revenues rose **37%** to **$898.0 million** due to a **60%** increase in sales volumes, offsetting lower oil prices, with net income reaching **$162.5 million** and Adjusted EBITDAX increasing **61%** Q2 2025 vs Q2 2024 Revenue and Volume Comparison | Metric | Q2 2025 | Q2 2024 | % Change | | :--- | :--- | :--- | :--- | | **Total Revenues (in thousands)** | $897,983 | $653,283 | 37% | | **Oil Revenue (in thousands)** | $602,488 | $499,622 | 21% | | **Natural Gas Revenue (in thousands)** | $159,001 | $51,274 | 210% | | **Total Sales Volume (MBoe)** | 23,908 | 14,971 | 60% | | **Average Daily Volume (MBoe/d)** | 263 | 165 | 59% | Six Months 2025 vs 2024 Revenue and Volume Comparison | Metric | H1 2025 | H1 2024 | % Change | | :--- | :--- | :--- | :--- | | **Total Revenues (in thousands)** | $1,848,156 | $1,310,756 | 41% | | **Oil Revenue (in thousands)** | $1,222,147 | $973,516 | 26% | | **Natural Gas Revenue (in thousands)** | $346,441 | $131,218 | 164% | | **Total Sales Volume (MBoe)** | 47,125 | 30,059 | 57% | | **Average Daily Volume (MBoe/d)** | 260 | 165 | 58% | - General and administrative (G&A) expense for Q2 2025 increased by **164%** to **$124.6 million**, primarily driven by a **$71.3 million** increase in equity-based compensation expense, which included a **$69.3 million** expense from a change in estimate[189](index=189&type=chunk)[190](index=190&type=chunk)[191](index=191&type=chunk) Non-GAAP Financial Reconciliation (in thousands) | Metric | Q2 2025 | Q2 2024 | H1 2025 | H1 2024 | | :--- | :--- | :--- | :--- | :--- | | **Net Income (loss)** | $162,498 | $70,205 | $168,412 | $37,841 | | **Adjusted EBITDAX** | $513,854 | $319,774 | $1,043,310 | $633,097 | | **Levered Free Cash Flow** | $170,875 | $146,933 | $412,452 | $213,057 | [Liquidity and Capital Resources](index=51&type=section&id=Liquidity%20and%20Capital%20Resources) The company's liquidity is driven by operating cash flow and its Revolving Credit Facility, with **$1.7 billion** available, while strategic debt management included a tender offer for 2028 notes and issuance of new 2034 notes - As of June 30, 2025, the company had **$3.05 million** in cash and cash equivalents and **$3.37 billion** in long-term debt[222](index=222&type=chunk) - Net cash from operating activities increased by **77.6%** to **$836.1 million** for the six months ended June 30, 2025, compared to the same period in 2024[223](index=223&type=chunk) - In June 2025, the company commenced a tender offer for its **9.250% Senior Notes due 2028**, ultimately purchasing **$500 million** aggregate principal amount; in July 2025, it issued **$600 million** of **8.375% Senior Notes due 2034** to finance the tender and repay revolver borrowings[226](index=226&type=chunk)[228](index=228&type=chunk) Revolving Credit Facility Status (as of June 30, 2025) | Metric | Amount (in millions) | | :--- | :--- | | **Borrowing Base** | $2,600 | | **Elected Commitment** | $2,000 | | **Outstanding Borrowings** | $323.5 | | **Letters of Credit** | $19.9 | | **Availability** | ~$1,700 | [Quantitative and Qualitative Disclosures About Market Risk](index=57&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company faces commodity price volatility, mitigated by derivatives, and interest rate risk on variable debt, with a 1% rate change impacting six-month expense by **$1.6 million** - The company's main market risk exposure is the pricing of its oil, natural gas, and NGL production[258](index=258&type=chunk) - As of June 30, 2025, the fair value of the company's commodity derivative contracts was a net asset of **$72.1 million**; a hypothetical **10%** increase in commodity prices would result in a derivative loss of **$202.6 million**, while a **10%** decrease would result in a gain of **$170.2 million**[260](index=260&type=chunk)[261](index=261&type=chunk) - At June 30, 2025, the company had **$323.5 million** of variable rate debt; a **1%** change in the average interest rate would impact interest expense by approximately **$1.6 million** for a six-month period[267](index=267&type=chunk) [Controls and Procedures](index=58&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that the company's disclosure controls and procedures were effective as of June 30, 2025, with no material changes to internal control over financial reporting during Q2 2025 - The Chief Executive Officer and Chief Financial Officer concluded that the company's disclosure controls and procedures were effective as of June 30, 2025[270](index=270&type=chunk) - No material changes were made to the internal control over financial reporting during the three months ended June 30, 2025[271](index=271&type=chunk) [Part II - Other Information](index=59&type=section&id=Part%20II%20-%20Other%20Information) [Legal Proceedings](index=59&type=section&id=Item%201.%20Legal%20Proceedings) The company is not currently involved in any legal proceedings expected to have a material adverse effect on its financial position or operations - The company is unaware of any legal proceedings that are expected to have a material adverse effect on its financial condition or results of operations[273](index=273&type=chunk) [Risk Factors](index=59&type=section&id=Item%201A.%20Risk%20Factors) A new risk factor highlights potential U.S. government tariffs and trade measures, which could increase costs and reduce demand for oil and natural gas, adversely affecting financial results - A new risk factor was noted regarding the April 2025 announcement of a baseline **10%** tariff on products from all countries by the U.S. government[275](index=275&type=chunk) - The imposition of tariffs could increase the company's material input costs and supply chain costs, or reduce demand for oil and natural gas, which would adversely affect financial results[275](index=275&type=chunk)[276](index=276&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=60&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) During Q2 2025, the company repurchased approximately **3.6 million** Class A Common Stock shares for **$28.2 million** under its **$150 million** program, with **$86.0 million** remaining Share Repurchases for Q2 2025 | Period | Total Shares Purchased | Average Price Paid per Share | | :--- | :--- | :--- | | April 2025 | 2,941,982 | $7.87 | | May 2025 | 631,311 | $7.95 | | June 2025 | 0 | $0.00 | - As of June 30, 2025, approximately **$86.0 million** remained under the company's **$150.0 million** share repurchase authorization[279](index=279&type=chunk) [Other Information](index=60&type=section&id=Item%205.%20Other%20Information) No director or officer adopted or terminated a Rule 10b5-1 trading arrangement during the second quarter of 2025 - No director or officer adopted or terminated a Rule 10b5-1 trading arrangement during the second quarter of 2025[282](index=282&type=chunk)

[Financial & Operational Highlights](index=1&type=section&id=Second%20Quarter%202025%20Highlights) Crescent Energy reported a strong second quarter of 2025, achieving record production of 263 MBoe/d and generating significant cash flow, successfully reducing costs, executing accretive transactions, repaying debt, and returning capital to shareholders, leading to an enhanced full-year outlook Q2 2025 Financial and Operational Metrics | Metric | Q2 2025 Value | | :--- | :--- | | Average Production | 263 MBoe/d | | Oil Production | 108 Mbo/d | | Net Income | $162 million | | Adjusted Net Income | $110 million | | Adjusted EBITDAX | $514 million | | Operating Cash Flow | $499 million | | Levered Free Cash Flow | $171 million | | Capital Expenditures | $265 million | - Key operational and strategic achievements in Q2 2025 include: - Improved drilling, completion, and facilities (DC&F) costs by approximately **15%** in South Texas and the Uinta compared to 2024 - Repaid approximately **$200 million** of debt using excess free cash flow - Repurchased approximately **$28 million** of shares at an average price of **$7.88** - Simplified corporate structure by eliminating the Up-C structure[6](index=6&type=chunk) [Strategic Activities](index=2&type=section&id=Strategic%20Activities) During the quarter, Crescent continued its portfolio optimization strategy by closing a $72 million minerals acquisition and divesting approximately $110 million in non-core assets year-to-date, while maintaining its shareholder return program through a quarterly dividend and opportunistic share repurchases [Acquisitions and Divestitures](index=2&type=section&id=Acquisitions%20and%20Divestitures) Crescent closed a $72 million accretive minerals acquisition to scale its existing portfolio, with year-to-date divestitures of non-core assets reaching $110 million, including the sale of non-operated assets in the Permian and Eagle Ford basins, as part of a larger $250 million divestiture pipeline - On July 31, 2025, Crescent closed an accretive acquisition of complementary minerals assets for approximately **$72 million**[7](index=7&type=chunk) - Year-to-date, the company has divested approximately **$110 million** of non-core assets, including: - **$83 million** from non-operated Permian Basin assets (closed April 22, 2025) - **$22 million** from non-operated Eagle Ford Basin assets (closed July 30, 2025)[8](index=8&type=chunk) [Shareholder Return](index=2&type=section&id=Shareholder%20Return) The company declared a Q2 2025 cash dividend of $0.12 per share, and additionally repurchased $28 million of its Class A common stock at a weighted average price of $7.88 per share, leaving approximately $86 million available under its $150 million share repurchase program - The Board of Directors approved a Q2 2025 cash dividend of **$0.12 per share**, payable on September 2, 2025[11](index=11&type=chunk) - During Q2, the company repurchased approximately **$28 million** of shares, with **$86 million** remaining under the authorized **$150 million** Share Repurchase Program[12](index=12&type=chunk) [Enhanced 2025 Outlook](index=2&type=section&id=Enhanced%202025%20Outlook) Crescent has enhanced its full-year 2025 guidance, reducing its capital expenditure forecast by approximately 3% while maintaining production targets, and significantly improving the cash tax outlook to 0% of Adjusted EBITDAX, largely due to the new 'One Big Beautiful Bill Act' 2025 Full-Year Outlook Comparison | Metric | Prior 2025 Outlook | Current 2025 Outlook | Change vs. Midpoint | | :--- | :--- | :--- | :--- | | Total Production (MBoe/d) | 251 - 261 | 251 - 261 | 0% | | Capital Expenditures ($MM) | $925 - $1,025 | $910 - $990 | ($25 MM) / (~3%) | | Cash Taxes (% of Adj. EBITDAX) | 2.0% - 5.0% | 0% | (100%) | - The improved outlook reflects ongoing operational efficiencies, modest activity acceleration, and a more favorable tax outlook due to the 'One Big Beautiful Bill Act' (OBBBA) signed into law on July 4, 2025[9](index=9&type=chunk) [Financial Statements](index=5&type=section&id=Financial%20Statements) The company's financial statements reflect significant year-over-year growth in production and revenue, driven by acquisitions and operational performance, with net income for Q2 2025 at $162.5 million, total assets at $9.86 billion, and strong operating cash flow of $836.1 million for the first six months of 2025 [Operational Summary](index=5&type=section&id=Crescent%20Operational%20Summary) In Q2 2025, total average daily production increased to 263 MBoe/d from 165 MBoe/d in Q2 2024, a 59% increase, and while realized prices for oil and NGLs before derivatives were lower year-over-year, operating expenses per Boe decreased from $19.61 to $16.31, demonstrating improved cost efficiency Operational Summary: Q2 2025 vs Q2 2024 | Metric | Q2 2025 | Q2 2024 | YoY Change | | :--- | :--- | :--- | :--- | | Total Production (MBoe/d) | 263 | 165 | +59.4% | | Oil Production (MBbls/d) | 108 | 73 | +47.9% | | Realized Price ($/Boe, pre-hedges) | $35.96 | $41.27 | -12.9% | | Operating Expense ($/Boe) | $16.31 | $19.61 | -16.8% | [Income Statement](index=6&type=section&id=Crescent%20Condensed%20Consolidated%20Income%20Statement) For Q2 2025, Crescent reported total revenues of $898.0 million, up from $653.3 million in Q2 2024, driven by higher production volumes, with net income attributable to Crescent Energy at $153.2 million ($0.61 per basic share), a significant increase from $37.5 million ($0.34 per basic share) in the prior-year quarter, aided by a large gain on derivatives Condensed Consolidated Income Statement (Thousands) | (in thousands) | Q2 2025 | Q2 2024 | | :--- | :--- | :--- | | Total Revenues | $897,983 | $653,283 | | Income from Operations | $79,635 | $119,384 | | Net Income | $162,498 | $70,205 | | Net Income Attributable to Crescent | $153,221 | $37,547 | | EPS (Class A, basic) | $0.61 | $0.34 | [Balance Sheet](index=7&type=section&id=Crescent%20Condensed%20Consolidated%20Balance%20Sheet) As of June 30, 2025, Crescent's total assets stood at $9.86 billion, up from $9.16 billion at year-end 2024, with total liabilities increasing to $5.36 billion from $4.79 billion, primarily due to a rise in long-term debt to $3.37 billion, while total equity grew to $4.50 billion, strengthened by the elimination of redeemable noncontrolling interests following the corporate simplification Condensed Consolidated Balance Sheet (Thousands) | (in thousands) | June 30, 2025 | Dec 31, 2024 | | :--- | :--- | :--- | | Total Current Assets | $753,271 | $788,088 | | Property, Plant and Equipment, net | $8,980,400 | $8,145,054 | | **Total Assets** | **$9,856,686** | **$9,160,649** | | Total Current Liabilities | $851,595 | $827,363 | | Long-term Debt | $3,373,595 | $3,049,255 | | **Total Liabilities** | **$5,357,962** | **$4,792,689** | | **Total Equity** | **$4,498,724** | **$3,139,631** | [Cash Flow Statement](index=9&type=section&id=Crescent%20Condensed%20Consolidated%20Cash%20Flow%20Statement) For the six months ended June 30, 2025, net cash from operating activities was $836.1 million, a significant increase from $470.7 million in the same period of 2024, with net cash used in investing activities at $1.27 billion, primarily for property acquisitions and development, and financing activities providing $213.4 million in net cash Condensed Consolidated Cash Flow Statement (Thousands) | (in thousands) | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | Net cash provided by operating activities | $836,080 | $470,696 | | Net cash used in investing activities | ($1,269,111) | ($286,562) | | Net cash provided by (used in) financing activities | $213,380 | $594,461 | [Non-GAAP Financial Measures](index=10&type=section&id=Reconciliation%20of%20Non-GAAP%20Measures) The company provides reconciliations for key non-GAAP metrics used by management and investors to evaluate performance, with Q2 2025 Adjusted EBITDAX at $513.9 million, Levered Free Cash Flow at $170.9 million, Adjusted Net Income at $110.3 million, and a Net LTM Leverage ratio of 1.5x as of June 30, 2025 [Adjusted EBITDAX and Levered Free Cash Flow](index=10&type=section&id=Adjusted%20EBITDAX%20and%20Levered%20Free%20Cash%20Flow) Adjusted EBITDAX for Q2 2025 was $513.9 million, up from $319.8 million in Q2 2024, and after accounting for interest, taxes, and capital expenditures, the company generated $170.9 million in Levered Free Cash Flow for the quarter, compared to $146.9 million in the prior-year period Adjusted EBITDAX and Levered Free Cash Flow Reconciliation (Thousands) | (in thousands) | Q2 2025 | Q2 2024 | | :--- | :--- | :--- | | Net income (loss) | $162,498 | $70,205 | | **Adjusted EBITDAX (non-GAAP)** | **$513,854** | **$319,774** | | **Levered Free Cash Flow (non-GAAP)** | **$170,875** | **$146,933** | [Adjusted Net Income](index=12&type=section&id=Adjusted%20Net%20Income) Adjusted Net Income, which excludes items like unrealized derivative gains/losses and non-cash compensation, was $110.3 million ($0.43 per share) for Q2 2025, representing a significant increase from the $56.2 million ($0.31 per share) reported in Q2 2024 Adjusted Net Income Reconciliation (Thousands) | (in thousands, except EPS) | Q2 2025 | Q2 2024 | | :--- | :--- | :--- | | Net income (loss) | $162,498 | $70,205 | | **Adjusted Net Income (non-GAAP)** | **$110,255** | **$56,155** | | **Adjusted EPS** | **$0.43** | **$0.31** | [Net LTM Leverage](index=13&type=section&id=Net%20LTM%20Leverage) As of June 30, 2025, Crescent's Net LTM Leverage ratio, calculated as net debt divided by LTM Adjusted EBITDAX under its credit agreement, was 1.5x, based on net debt of $3.37 billion and LTM Adjusted EBITDAX of $2.28 billion Net LTM Leverage Calculation (Millions) | (in millions) | June 30, 2025 | | :--- | :--- | | Net Debt | $3,371 | | LTM Adjusted EBITDAX for Leverage Ratio | $2,284 | | **Net LTM Leverage** | **1.5x** |

Core Viewpoint - Crescent Energy (CRGY) is expected to report a year-over-year decline in earnings despite higher revenues, with the actual results being crucial for stock price movement [1][2]. Earnings Expectations - The upcoming earnings report is anticipated on August 4, with expected earnings of $0.23 per share, reflecting a year-over-year decrease of 25.8% [3]. - Revenues are projected to be $895.46 million, which is an increase of 37.1% compared to the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised 17.02% higher in the last 30 days, indicating a reassessment by analysts [4]. - Crescent Energy's Most Accurate Estimate aligns with the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [12]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likelihood of actual earnings deviating from consensus estimates, with a positive reading being a strong predictor of an earnings beat [9][10]. - Crescent Energy currently holds a Zacks Rank of 1, but the combination with a 0% Earnings ESP makes it challenging to predict an earnings beat [12]. Historical Performance - In the last reported quarter, Crescent Energy exceeded the expected earnings of $0.47 per share by delivering $0.56, resulting in a surprise of +19.15% [13]. - The company has beaten consensus EPS estimates in all of the last four quarters [14]. Market Reaction Factors - An earnings beat or miss may not solely dictate stock movement, as other factors can influence investor sentiment [15]. - Despite not appearing as a compelling earnings-beat candidate, other market conditions should be considered when evaluating Crescent Energy [17].

Core Viewpoint - Crescent Energy (CRGY) has seen a 3.7% increase in share price over the past four weeks, closing at $8.92, with a potential upside indicated by Wall Street analysts' price targets suggesting a mean estimate of $14.92, representing a 67.3% upside [1] Price Targets - The average of 12 short-term price targets ranges from a low of $10.00 to a high of $20.00, with a standard deviation of $2.75, indicating variability among estimates [2] - The lowest estimate suggests a 12.1% increase from the current price, while the highest estimate indicates a 124.2% upside [2] Analyst Consensus - There is strong agreement among analysts regarding CRGY's ability to report better earnings than previously predicted, which supports the view of potential upside [4] - The Zacks Consensus Estimate for the current year has increased by 13.5% over the past month, with three estimates rising and one falling [12] Zacks Rank - CRGY holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate factors, indicating a strong potential upside [13] Caution on Price Targets - While price targets are a common metric for investors, relying solely on them for investment decisions may not be wise due to historical inaccuracies in predicting stock price movements [3][7][10]

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 ...