Production and Financial Performance - Crescent Energy reported a record fourth quarter production of 255 MBoe/d, with 38% oil and 56% liquids[5]. - For the full year 2024, Crescent reported $1.6 billion in Adjusted EBITDAX and $1.2 billion in Operating Cash Flow, with an average production of 201 MBoe/d, a greater than 30% increase year-over-year[6]. - The company forecasts approximately 30% year-over-year production growth for 2025, with total production guidance of 254 - 264 MBoe/d[7][8]. - Total revenues for Q4 2024 reached $875.3 million, a 33.1% increase from $657.7 million in Q4 2023[19]. - Net income for 2024 was a loss of $137.683 million, a significant decrease from a profit of $321.991 million in 2023[24]. - Net cash provided by operating activities increased to $1.223 billion in 2024, up from $935.769 million in 2023, reflecting improved operational efficiency[24]. - Adjusted EBITDAX for 2024 was $1.598 billion, compared to $1.022 billion in 2023, indicating a 56% year-over-year increase[30]. - Levered Free Cash Flow for 2024 was $630.168 million, up from $310.204 million in 2023, representing a 103% increase[30]. Cash Flow and Liquidity - The company generated $1.2 billion in Operating Cash Flow and $630 million in Levered Free Cash Flow for the fourth quarter[6]. - Cash and cash equivalents rose to $132.8 million in 2024, compared to $2.97 million in 2023, indicating improved liquidity[20]. - Cash, cash equivalents, and restricted cash at the end of the period increased to $240.908 million in 2024, compared to $8.729 million in 2023[24]. - Net cash provided by operating activities for Q4 2024 was $384,434,000, up from $322,869,000 in Q4 2023, representing a 19.1% increase[32]. - Levered Free Cash Flow for Q4 2024 was $259,422,000, compared to $102,451,000 in Q4 2023, indicating a significant increase of 153.5%[32]. Expenses and Liabilities - The company’s total expenses for Q4 2024 were $902.8 million, up from $689.1 million in Q4 2023, marking a 31.0% increase[19]. - Long-term debt increased to $3.05 billion in 2024, compared to $1.69 billion in 2023, reflecting a significant rise in leverage[22]. - The company reported a depreciation, depletion, and amortization expense of $949.480 million in 2024, up from $675.782 million in 2023[24]. - The company’s total liabilities reached $4.79 billion in 2024, compared to $3.17 billion in 2023, indicating increased financial obligations[22]. Shareholder Returns and Dividends - Crescent's Board approved a cash dividend of $0.12 per share for the fourth quarter of 2024, payable on March 26, 2025[9]. - The company utilized approximately 20% of its authorized Share Repurchase Program at a weighted average share price of $10.07 during 2024[10]. - Adjusted Dividends Paid for Q4 2024 totaled $27,396,000, compared to $21,919,000 in Q4 2023, marking an increase of 24.5%[42]. M&A Activity - Crescent executed over $3 billion in accretive M&A transactions in the Eagle Ford region during 2024[5]. General and Administrative Expenses - General and administrative expenses for Q4 2024 were $86,687,000, compared to $34,683,000 in Q4 2023, showing an increase of 149.2%[38]. - Adjusted Recurring Cash G&A for the year ended December 31, 2024, was $92,820,000, up from $82,512,000 in 2023, reflecting a 12.8% increase[38].

Core Insights - Crescent Energy (CRGY) is expected to report quarterly earnings of $0.26 per share, reflecting a year-over-year decline of 55.2% [1] - Revenue is anticipated to reach $890.87 million, which represents a 35.5% increase compared to the same quarter last year [1] Earnings Estimates - Over the last 30 days, the consensus EPS estimate has been revised downward by 1.2%, indicating a collective reassessment by analysts [2] - Changes in earnings estimates are crucial for predicting investor reactions to the stock, with empirical studies showing a strong correlation between earnings estimate revisions and short-term stock performance [3] Key Metrics Forecast - Analysts project 'Average daily net sales volumes - Natural Gas' to be 650.90 million cubic feet, up from 386 million cubic feet in the previous year [5] - The consensus for 'Average daily net sales volumes - Oil' is 99.69 million barrels, compared to 71 million barrels reported in the same quarter last year [5] - 'Average daily net sales volumes - Natural gas liquids' are forecasted to reach 46.00 million barrels, an increase from 30 million barrels in the prior year [6] Stock Performance - Over the past month, Crescent Energy shares have declined by 10.2%, while the Zacks S&P 500 composite has decreased by 1.8% [7] - Crescent Energy holds a Zacks Rank 2 (Buy), suggesting it is likely to outperform the overall market in the near future [7]

Core Viewpoint - Crescent Energy (CRGY) has experienced a significant decline of 10.8% over the past four weeks, but it is now positioned for a potential trend reversal as it enters oversold territory, with analysts predicting better earnings than previously estimated [1]. Group 1: Stock Performance and Technical Indicators - CRGY's Relative Strength Index (RSI) reading is at 29.73, indicating that the heavy selling pressure may be exhausting, suggesting a possible bounce back towards equilibrium in supply and demand [5]. - Stocks oscillate between overbought and oversold conditions, and the RSI serves as a quick tool to identify potential price reversals [3]. Group 2: Earnings Estimates and Analyst Consensus - There has been a strong consensus among sell-side analysts to raise earnings estimates for CRGY, with a 14.5% increase in the consensus EPS estimate over the last 30 days [6]. - An upward trend in earnings estimate revisions typically correlates with price appreciation in the near term [6]. Group 3: Zacks Rank and Investment Potential - CRGY holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating a strong potential for a turnaround [7].

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 ...