Core Viewpoint - Crescent Energy (CRGY) is positioned to continue its earnings-beat streak, having surpassed earnings estimates significantly in recent quarters [1][2]. Earnings Performance - In the most recent quarter, Crescent Energy reported earnings of $0.39 per share, exceeding the expected $0.28 per share by 39.29% [2]. - For the previous quarter, the company reported $0.31 per share against an expectation of $0.26 per share, resulting in a surprise of 19.23% [2]. Earnings Estimates and Predictions - Recent estimates for Crescent Energy have been revised upwards, indicating a positive outlook for the company's near-term earnings potential [3]. - The Zacks Earnings ESP for Crescent Energy is currently +9.09%, suggesting analysts are optimistic about the upcoming earnings report [6]. Zacks Rank and Earnings ESP - Crescent Energy holds a Zacks Rank of 2 (Buy), which, when combined with a positive Earnings ESP, indicates a strong likelihood of another earnings beat [6]. - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have historically produced positive surprises nearly 70% of the time [4]. Importance of Earnings ESP - The Earnings ESP metric is crucial for predicting earnings performance, as it compares the Most Accurate Estimate to the Zacks Consensus Estimate [5]. - A negative Earnings ESP does not necessarily indicate an earnings miss, as many companies can still beat consensus estimates despite a negative value [7].

Core Viewpoint - Crescent Energy's stock performance and upcoming earnings report are critical for investors, with expectations of a significant decline in EPS but an increase in revenue compared to the previous year [2][5]. Group 1: Stock Performance - Crescent Energy's stock closed at $15.45, reflecting a -1.21% change from the previous day, underperforming the S&P 500's 0.53% gain [1]. - Over the past month, Crescent Energy's stock has increased by 7.05%, outperforming the Oils-Energy sector's gain of 5.88% and the S&P 500's gain of 1.24% [1]. Group 2: Earnings Expectations - The anticipated EPS for Crescent Energy is $0.31, indicating a 46.55% decrease compared to the same quarter last year [2]. - Revenue is expected to reach $891.2 million, representing a 35.5% increase from the year-ago quarter [2]. Group 3: Analyst Projections - Recent shifts in analyst projections for Crescent Energy should be monitored, as they reflect short-term business trends and can indicate optimism about the company's outlook [3]. - Positive estimate revisions are seen as a favorable sign for the company's business prospects [3]. Group 4: Zacks Rank and Valuation - Crescent Energy currently holds a Zacks Rank of 2 (Buy), with a 24.01% rise in the Zacks Consensus EPS estimate over the past month [5]. - The company is trading at a Forward P/E ratio of 7.1, significantly lower than the industry average of 20.27, indicating a valuation discount [6]. Group 5: Industry Context - The Alternative Energy - Other industry, part of the Oils-Energy sector, has a Zacks Industry Rank of 38, placing it in the top 16% of over 250 industries [6]. - The Zacks Industry Rank suggests that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7].

Group 1 - Crescent Energy (CRGY) is currently outperforming its Oils-Energy peers with a year-to-date performance of approximately 10.6%, compared to the sector average of 9.5% [4] - Crescent Energy is ranked 7 in the Zacks Sector Rank among 248 companies in the Oils-Energy group, indicating a strong position within the sector [2] - The Zacks Rank for Crescent Energy is 2 (Buy), reflecting a positive earnings outlook and strong analyst sentiment, with a 46.7% increase in the consensus estimate for full-year earnings over the past 90 days [3][4] Group 2 - Crescent Energy is part of the Alternative Energy - Other industry, which has seen an average gain of 86.9% this year, indicating that CRGY is slightly underperforming its industry [6] - Kodiak Gas Services (KGS) is another notable stock in the Oils-Energy sector, with a year-to-date return of 19.6% and a Zacks Rank of 1 (Strong Buy) [5] - The Oil and Gas - Mechanical and Equipment industry, to which Kodiak Gas Services belongs, has experienced a year-to-date increase of 16.9% [6]

Core Viewpoint - Crescent Energy (CRGY) has been upgraded to a Zacks Rank 2 (Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][2][4] Earnings Estimates and Stock Price Impact - The Zacks rating system is based on changes in earnings estimates, which are strongly correlated with near-term stock price movements [3][5] - Institutional investors often rely on earnings estimates to determine the fair value of stocks, leading to buying or selling actions that affect stock prices [3] Company Performance and Outlook - For the fiscal year ending December 2024, Crescent Energy is expected to earn $1.47 per share, reflecting a decrease of 49.5% from the previous year [7] - However, the Zacks Consensus Estimate for Crescent Energy has increased by 44.9% over the past three months, indicating a positive trend in earnings outlook [7][9] Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks, which have averaged a +25% annual return since 1988 [6][8] - Crescent Energy's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [9]

Crescent Energy (CRGY) closed the most recent trading day at $15.73, moving +0.06% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 0.16%. Meanwhile, the Dow gained 0.25%, and the Nasdaq, a tech-heavy index, lost 0.06%.Heading into today, shares of the oil and gas company had gained 6.43% over the past month, outpacing the Oils-Energy sector's loss of 11.11% and the S&P 500's loss of 2.7% in that time.The investment community will be paying close attention to t ...

Have you been paying attention to shares of Crescent Energy (CRGY) ? Shares have been on the move with the stock up 8% over the past month. The stock hit a new 52-week high of $15.72 in the previous session. Crescent Energy has gained 7.6% since the start of the year compared to the 6% move for the Zacks Oils-Energy sector and the 68.5% return for the Zacks Alternative Energy - Other industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed o ...

The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Crescent Energy (CRGY) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.Crescent Energy is a member of the Oils-Energy sector. This group includes 250 individual stocks and currently holds a Zacks Sector Rank of #10. The Zacks Sector Rank includes 16 different groups and is listed in order from best to w ...

Exhibit 99.1 Crescent Energy Reports Third Quarter 2024 Financial and Operating Results, Raises Outlook for Third Consecutive Quarter Houston, November 4, 2024 – Crescent Energy Company (NYSE: CRGY) ("Crescent" or the "Company") today announced financial and operating results for the third quarter of 2024. A supplemental slide deck can be found at www.crescentenergyco.com. The Company plans to host a conference call and webcast at 10 a.m. CT on Tuesday, November 5, 2024. Details can be found in this release ...

Crescent Energy Company (NYSE:CRGY) Q3 2024 Earnings Conference Call November 5, 2024 11:00 AM ET Company Participants Reid Gallagher - Investor Relations David Rockecharlie - CEO Brandi Kendall - CFO Clay Rynd - EVP of Investments Conference Call Participants Neal Dingmann - Truist Securities Tim Rezvan - KeyBanc Capital Oliver Huang - TPH & Company Michael Scialla - Stephens John Freeman - Raymond James Arun Jayaram - J.P. Morgan John Abbott - Wolfe Research Michael Furrow - Pickering Energy Operator Gre ...

Earnings Performance - Crescent Energy reported quarterly earnings of $0 39 per share, beating the Zacks Consensus Estimate of $0 28 per share, representing a 39 29% earnings surprise [1] - The company's earnings per share (EPS) increased from $0 35 per share a year ago [1] - Over the last four quarters, the company has surpassed consensus EPS estimates four times [2] Revenue Performance - Crescent Energy posted revenues of $744 87 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 6 17% [2] - This compares to year-ago revenues of $642 4 million, showing a year-over-year increase [2] - The company has topped consensus revenue estimates three times over the last four quarters [2] Stock Performance - Crescent Energy shares have lost about 7 2% since the beginning of the year, underperforming the S&P 500's gain of 20 1% [3] - The stock's immediate price movement will depend on management's commentary on the earnings call [3] Earnings Outlook - The current consensus EPS estimate is $0 36 on $912 23 million in revenues for the coming quarter [7] - For the current fiscal year, the consensus EPS estimate is $1 36 on $3 01 billion in revenues [7] - The estimate revisions trend for Crescent Energy is currently unfavorable, translating into a Zacks Rank 5 (Strong Sell) [6] Industry Context - Crescent Energy belongs to the Zacks Alternative Energy - Other industry, which is currently in the bottom 28% of the 250 plus Zacks industries [8] - The top 50% of Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1 [8] Peer Comparison - ReNew Energy Global PLC (RNW), another company in the same industry, is expected to post quarterly earnings of $0 14 per share, representing a year-over-year change of +27 3% [9] - ReNew Energy Global PLC's revenues are expected to be $346 96 million, up 0 6% from the year-ago quarter [9]