FORM 10-Q For the transition period from to 600 Travis Street, Suite 7200 Houston, Texas 77002 (713) 337-4600 (Address, including zip code, and telephone number, including area code, of registrant's principal executive offices) Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was require ...

Financial Data and Key Metrics Changes - For Q1 2023, the company produced 137 MBoe per day and generated $232 million of adjusted EBITDAX, with production slightly impacted by minor downtime due to winter weather [22] - The company realized 150% of benchmark prices for gas due to exceptionally high West Coast gas realizations, positively impacting revenue despite higher operating expenses [22] - Adjusted operating expenses averaged $16.57 per BOE for the quarter, which is above initial guidance, but overall costs were offset by higher realized prices [23] Business Line Data and Key Metrics Changes - The acquisition of Western Eagle Ford assets adds approximately 20,000 BOE per day of production, enhancing the company's operational control and scale in the Eagle Ford region [6][21] - The company invested $202 million in Q1 2023, drilling 15 and bringing online 18 gross operated wells across the US and Eagle Ford, reflecting a higher level of activity than initially expected [23] Market Data and Key Metrics Changes - The company expects the acquisition market to be active in 2023, particularly in the Eagle Ford, which remains fragmented and offers opportunities for meaningful scale [8] - The company is roughly 60% hedged for the remainder of 2023, protecting expected returns on invested capital [25] Company Strategy and Development Direction - The acquisition strategy focuses on acquiring proven assets with meaningful reinvestment opportunities at a discount to PDP value, enhancing the company's scale and operational control [28] - The company emphasizes a disciplined capital allocation strategy, prioritizing returns to shareholders while maintaining a strong balance sheet [9][42] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the base business performance and the ability to pursue attractive M&A opportunities due to strong cash flows and a solid balance sheet [27] - The company remains focused on value creation for investors and is optimistic about future growth opportunities in the Eagle Ford and other regions [68] Other Important Information - The company announced a cash dividend of $0.12 per share, consistent with its strategy to distribute 10% of EBITDA to shareholders [44] - The company does not expect the recent acquisition to materially change its cash tax outlook for 2023 and 2024 [45] Q&A Session Summary Question: Was the higher liquids content a driving factor in the acquisition? - The company noted that while the exposure to liquids was favorable, it was not the primary driving factor for the deal [33] Question: Will the acquisition drive more activity in the near term? - The company confirmed that it will continue current activity levels on both the acquired asset and existing operations [36] Question: What is the company's view on resource expansion? - Management indicated that resource expansion opportunities exist beyond the Lower Eagle Ford, particularly in the Austin Chalk and Upper Eagle Ford formations [37] Question: Will the dividend level remain consistent throughout the year? - The company intends to maintain the current dividend level throughout the year, with updates provided after the acquisition closes [46][47] Question: How does the company view the current market for acquisitions? - Management expressed optimism about the acquisition market, noting a full pipeline of opportunities despite recent volatility [63]

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 March 31, 2023 (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) 600 Travis Street, Suite 7200 Houston, Texas 77002 (713) 337-4600 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For t ...

Crescent Energy Company (NYSE:CRGY) Q4 2022 Earnings Conference Call March 8, 2023 11:00 AM ET Company Participants Emily Newport - Senior Vice President, Finance and IR David Rockecharlie - Chief Executive Officer Brandi Kendall - Chief Financial Officer Todd Falk - Chief Accounting Officer Ben Conner - Executive Vice President Clay Rynd - Executive Vice President Conference Call Participants Neil Dingman - Truist Securities John Abbott - Bank of America Operator Greetings. And welcome to the Crescent Ener ...

• during the year ended December 31, 2022 produced 138 net MBoe/d; and • during the year ended December 31, 2022, generated $480.6 million of net income, $1,217.2 million of Adjusted EBITDAX and $484.0 million of levered free cash flow; See "—Non-GAAP financial measures" and "—Results of Operations" in "Part II., Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations" for definitions of Adjusted EBITDAX and levered free cash flow and reconciliations to the nearest comp ...

Crescent Energy Company (NYSE:CRGY) Q3 2022 Results Conference Call November 10, 2022 11:00 AM ET Company Participants Brandi Kendall - Chief Financial Officer David Rockecharlie - Chief Executive Officer Todd Falk - Chief Accounting Officer Benjamin Connor - Executive Vice Presidents Conference Call Participants Neil Dingman - Truist Securities Lloyd Byrne - Jefferies Tarek Hamid - JP Morgan Brandi Kendall Good morning and thank you for joining Crescent’s third quarter 2022 earnings call. Our prepared rema ...

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, 2022 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 Company (NYSE:CRGY) Q2 2022 Results Conference Call August 10, 2022 11:00 AM ET Company Participants Brandi Kendall - Chief Financial Officer David Rockecharlie - Chief Executive Officer Todd Falk - Chief Accounting Officer Ben Conner - Executive Vice President Clay Rynd - Executive Vice President Conference Call Participants Neil Davies - Truist Securities Tarek Hamid - JP Morgan Operator Greetings. Welcome to Crescent Energy Second Quarter 2022 Results Conference Call. At this time, all pa ...

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, 2022 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 ...

Crescent Energy Company (NYSE:CRGY) Q1 2022 Earnings Conference Call May 11, 2022 11:00 AM ET Company Participants David Rockecharlie – Chief Executive Officer Brandi Kendall – Chief Financial Officer Emily Newport – Senior Vice President, Finance and Investor Relations Benjamin Conner - Executive Vice President, Investments Conference Call Participants Neil Davies – Truist Securities Joseph McKay – Wells Fargo Operator Greetings. Welcome to Crescent Energy First Quarter 2022 Results Conference Call. At thi ...