UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-41132 Crescent Energy Company (Exact name of registrant as specified in its charter) Delaware 87-1133610 (State or other jur ...

Crescent Energy (CRGY) closed at $12.13 in the latest trading session, marking a -0.66% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.16%. Meanwhile, the Dow experienced a drop of 0.37%, and the technology-dominated Nasdaq saw an increase of 0.78%. Prior to today's trading, shares of the oil and gas company had gained 11.51% over the past month. This has outpaced the Oils-Energy sector's loss of 9.36% and the S&P 500's gain of 1.67% in that time. The upcoming earnin ...

Core Viewpoint - Three stocks have been added to the Zacks Rank 5 (Strong Sell) List due to significant downward revisions in their earnings estimates for the current year [1] Company Summaries - Crescent Energy Company (CRGY) is an explorer and producer of oil and natural gas, with a 5% downward revision in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - DHT Holdings, Inc. (DHT) operates in the oil tankers sector, experiencing an 11.3% downward revision in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Liberty Energy Inc. (LBRT) provides hydraulic services, with an 18.2% downward revision in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1]

The financial news frequently emphasizes stocks with heavy insider selling, premised on the assumption that insiders believe the stock is overpriced and that they are taking profits ahead of retail investors. However, most of the time, these sales are part of a previously disclosed plan and disclosed to the SEC months in advance. This proves the saying that investors have many reasons to sell a stock, but the same is not necessarily true of insider buying. Typically, insiders have only one reason to buy a s ...

Say hello to the index effect. News of fresh inclusion on a well-known stock index was the catalyst sending shares of oil, gas, and natural gas liquids (NGL) conglomerate Crescent Energy (CRGY 0.89%) higher over the past few trading days. As of market close on Thursday, according to data compiled by S&P Global Market Intelligence, the company's stock had risen by nearly 12% week-to-date. Index advancement On Tuesday, S&P Dow Jones announced that Crescent Energy would be to the newest component stock of its ...

Shares of Crescent Energy Co (CRGY, Financial) surged 10.88% in mid-day trading on Oct 2. The stock reached an intraday high of $12.49, before settling at $12.39, up from its previous close of $11.17. This places CRGY 10.58% below its 52-week high of $13.85 and 25.35% above its 52-week low of $9.88. Trading volume was 4,600,369 shares, 178.9% of the average daily volume of 2,571,405. Wall Street Analysts Forecast Based on the one-year price targets offered by 9 analysts, the average target price for Crescen ...

Group 1 - Crescent Energy Co. (NYSE:CRGY) will be added to the S&P SmallCap 600 index effective October 4, 2024 [1] - Perficient Inc. (NASD:PRFT) will be removed from the S&P SmallCap 600 index due to its acquisition by EQT Group [1] - The change will take effect prior to the opening of trading on the specified date [1]

The latest trading session saw Crescent Energy (CRGY) ending at $10.37, denoting no adjustment from its last day's close. The stock's change was less than the S&P 500's daily gain of 0.45%. On the other hand, the Dow registered a loss of 0.23%, and the technology-centric Nasdaq increased by 0.84%. The oil and gas company's stock has dropped by 4.42% in the past month, falling short of the Oils-Energy sector's loss of 2.65% and the S&P 500's gain of 2.54%. Market participants will be closely following the fi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the securities exchange act of 1934 Date of report (Date of earliest event reported): September 4, 2024 Crescent Energy Company (Exact name of registrant as specified in its charter) | --- | --- | --- | |--------------------------------------------------------|-----------------------------------------------------------------|---------------------------------------------| | Delaw ...

Financial Data and Key Metrics Changes - Crescent Energy reported production of 165,000 barrels of oil equivalent per day, generating $320 million in adjusted EBITDA and $147 million in levered free cash flow for Q2 2024 [13] - The company increased standalone production guidance for the second time this year to 160,000 to 162,500 barrels of oil equivalents per day, while improving full-year capital guidance to $550 million to $600 million [14] Business Line Data and Key Metrics Changes - The Eagle Ford operations showed significant improvements, with average production per well roughly double the results seen by the prior operator [7] - Crescent has captured approximately $60 million in annual cash flow uplift from the Western Eagle Ford acquisitions, driven by improved capital execution and operational efficiencies [8] Market Data and Key Metrics Changes - Crescent's acquisition of SilverBow Resources positions it as one of the largest operators in the Eagle Ford, enhancing its overall business profile and operational capabilities [9][10] - The company expects to run four rigs across the combined business for the remainder of the year, with three in the Eagle Ford and one in the Uinta [11] Company Strategy and Development Direction - Crescent aims to leverage its growth-through-acquisition strategy, focusing on integrating SilverBow's assets and realizing synergies [12] - The company is positioned for further cost of capital improvements and plans to maintain a disciplined capital allocation framework [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to continue executing its strategy, highlighting the strong cash flow generation and operational efficiencies achieved [5][16] - The management team emphasized the importance of capturing synergies from the SilverBow acquisition and the potential for further growth in the fragmented Eagle Ford market [12][17] Other Important Information - Crescent announced a dividend of $0.12 per share, providing a peer-leading yield of around 4% [15] - The company has executed 15% of its total $150 million share buyback authorization to date, viewing share repurchases as an attractive tool for shareholder returns [15] Q&A Session Summary Question: Future efficiency gains in Eagle Ford - Management indicated optimism about future efficiencies from the combination of both companies, expecting to improve drilling and completion practices [20][21] Question: Shareholder return strategy - Management confirmed a focus on maintaining the base dividend and balance sheet strength while using share repurchases opportunistically when stock is undervalued [22] Question: Readiness for future M&A transactions - Management stated readiness to pursue further acquisitions when market opportunities arise, emphasizing their experience in integrating past acquisitions [25] Question: Leverage and potential divestitures - Management expressed confidence in their balance sheet, with a target leverage of 1 to 1.5 times, and mentioned the possibility of divesting non-core assets opportunistically [26][27] Question: Initial results from Austin Chalk development - Management reported encouraging early results from Austin Chalk wells, indicating plans for continued capital allocation in this area [30] Question: Cost per foot and efficiencies - Management noted that drilling and completion costs are generally consistent across operations, with ongoing efforts to improve efficiencies [36]