Compared to Estimates, Crescent Energy (CRGY) Q1 Earnings: A Look at Key Metrics

Core Insights - Crescent Energy reported revenue of $950.17 million for the quarter ended March 2025, reflecting a 44.5% increase year-over-year [1] - The company's EPS was $0.56, up from $0.46 in the same quarter last year, with an EPS surprise of +19.15% compared to the consensus estimate of $0.47 [1] Financial Performance - Revenue exceeded the Zacks Consensus Estimate of $937.06 million, resulting in a surprise of +1.40% [1] - Average daily net sales volumes totaled 258 million barrels of oil equivalent, slightly below the analyst estimate of 259.04 million [4] - Natural gas sales volumes averaged 655 million cubic feet, slightly above the estimate of 652.47 million cubic feet [4] - Oil sales volumes averaged 102 million barrels, close to the estimate of 102.48 million barrels [4] - Natural gas liquids sales volumes averaged 47 million barrels, exceeding the estimate of 44.3 million barrels [4] Pricing Metrics - Average sales price per barrel for natural gas liquids was $25.43, above the estimate of $24.29 [4] - Average sales price per thousand cubic feet for natural gas was $3.18, compared to the estimate of $3.13 [4] - Average sales price per barrel for oil and condensate was $67.64, slightly above the estimate of $67.61 [4] - Average realized prices per barrel for natural gas liquids after derivative settlements were $25.13, exceeding the estimate of $24.25 [4] Revenue Breakdown - Revenues from natural gas reached $187.44 million, significantly above the estimate of $173.27 million, representing a year-over-year increase of +134.5% [4] - Revenues from oil were $619.66 million, slightly below the estimate of $637.78 million, with a year-over-year increase of +30.8% [4] - Revenues from natural gas liquids were $107.58 million, surpassing the estimate of $97.50 million [4] - Revenues from midstream and other operations totaled $35.50 million, above the estimate of $31.05 million [4] Stock Performance - Crescent Energy shares returned +10.2% over the past month, outperforming the Zacks S&P 500 composite's +0.4% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance in the near term [3]