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]

| --- | --- | --- | --- | --- | |----------------|-------|-------|-------|-------| | | | | | | | | | | | | | Q2'24 Earnings | | | | | | Presentation | | | | | | August 2024 | | | | | | | | | | | Disclaimer The information in this presentation relates to Crescent Energy Company (the "Company" 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 ...

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 June 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 jurisdic ...

The latest trading session saw Crescent Energy (CRGY) ending at $11.82, denoting a +0.42% adjustment from its last day's close. The stock outperformed the S&P 500, which registered a daily loss of 0.5%. On the other hand, the Dow registered a gain of 0.5%, and the technology-centric Nasdaq decreased by 1.28%. Investors will be eagerly watching for the performance of Crescent Energy in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on August 5, 2024. The company's upcom ...

Core Viewpoint - Crescent Energy is expected to report a year-over-year increase in earnings, with a consensus EPS estimate of $0.26, reflecting a 73.3% increase compared to the previous year [4][11]. Earnings Expectations - The upcoming earnings report is anticipated to be released on August 5, 2024, and could influence the stock price depending on whether the actual results meet or exceed expectations [12]. - Revenues for Crescent Energy are projected to be $611.25 million, representing a 24.2% increase from the same quarter last year [13]. Estimate Revisions - The consensus EPS estimate has been revised down by 8.62% over the last 30 days, indicating a reassessment by analysts [14]. - Crescent Energy's Earnings ESP is currently at 0%, suggesting no recent analyst views differ from the consensus estimate [7]. Historical Performance - In the last reported quarter, Crescent Energy exceeded the expected EPS of $0.18 by delivering $0.46, resulting in a surprise of +155.56% [18]. - The company has beaten consensus EPS estimates in each of the last four quarters [25]. Comparative Analysis - Crescent Energy's current Zacks Rank is 5 (Strong Sell), which complicates the prediction of an earnings beat [2][8]. - The combination of a negative Earnings ESP and a low Zacks Rank makes it challenging to predict a positive outcome for Crescent Energy's upcoming earnings [8][20].

Crescent Energy has a price-to-earnings ratio (P/E) of 6.74 compared with 37.70 for the industry. The company possesses a Value Scoreof A. Greenland Technologies Holding Corporation (GTEC) : This material handling equipment company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its next year earnings increasing 18.2% over the last 60 days. Learn more about the Value score and how it is calculated here. Crescent Energy Company (CRGY) : This oil and gas company carries a Zacks Ran ...

UNITED STATES Washington, D.C. 20549 CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Crescent Energy Company | --- | --- | --- | --- | |--------------------------------------------------------|---------------------------------|--------------|---------------------------------------------| | | | | | | Delaware | 001-41132 | | 87-1133610 | | (State or Other Jurisdiction of Incorporation) | (Commission File Number) | | (I.R.S. Employer Identification Number) | | 600 Travis ...