Crescent Energy Co (CRGY)
Crescent Energy Company operates as an energy enterprise, primarily focused on the exploration, development, and extraction of crude oil, natural gas, and natural gas liquids (NGLs). Its operational footprint extends across a diverse array of oil and gas assets located within well-established basins throughout the United States, encompassing regions such as the Eagle Ford, Rockies, Barnett, Permian, and Mid-Con. By the close of 2021, specifically December 31st, the firm reported 1,528 gross undrilled sites, 567 of which were gross operated drilling locations. Additionally, its proven reserves were recorded at 531.6 net million barrels of oil equivalent. The company was established in 2020 and maintains its corporate headquarters in Houston, Texas.
Sector: Crude Petroleum & Natural Gas
Industry: Oil & Gas Exploration & Production
Crescent Energy Company
NYSE:CRGYEnergy · Oil & Gas Exploration & Production
+3.75%$13.83
AH Close$13.78-0.38%vs close
AH Close$13.78-0.38%vs close
Mkt Cap$5.84B
Float290.79M
O/S422.46M
Inst Own71.4%
SI12.7%
Div Yield3.47%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$3.58B
Net Income$132.91M
Total Assets$12.44B
Free Cash Flow-$89.75M
Debt & Equity
Debt 53%
Equity 47%
Total Debt$5.71B
Total Equity$5.16B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in CRGY's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$12.44B
Liabilities$7.28B
Accounts Receivable$742.83M
Accounts Payable$208.87M
Inventory$0
PP&E (Net)$10.28B
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Revenue | $3.58B | $2.93B | $2.38B | $3.06B | $1.48B | $754.22M | $1.09B | $1.2B |
| YoY Growth | 22.1% | 23.0% | -22.1% | 107.0% | 95.8% | -30.6% | -9.3% | - |
| Cost of Revenue | $2.77B | $528.82M | $1.08B | $438.75M | $243.5M | $202.18M | $255.11M | $246.22M |
| Gross Profit | $808.45M | $2.4B | $1.3B | $2.62B | $1.23B | $552.04M | $832.13M | $952.94M |
| Gross Margin | 22.6% | 82.0% | 54.7% | 85.6% | 83.5% | 73.2% | 76.5% | 79.5% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $472.16M | $639.58M | $428.48M | $265.08M | $276.24M | $196.05M | $154.36M | $156.69M |
| Other | -$137.43M | $1.54B | $551.04M | $1.07B | $473.49M | $729.62M | $450.66M | $945K |
| Total Operating Expenses | $334.73M | $2.18B | $979.52M | $1.33B | $749.74M | $925.67M | $605.02M | $573.19M |
| Operating Income (EBIT) | $473.73M | $218.46M | $324.74M | $1.28B | $483.74M | -$373.63M | $227.11M | $368.19M |
| Operating Margin | 13.2% | 7.5% | 13.6% | 42.0% | 32.8% | -49.5% | 20.9% | 30.7% |
| Interest Expense | $298.43M | $216.26M | $145.81M | $95.94M | $50.74M | $38.11M | $53.58M | $48.4M |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$272.06M | -$387.22M | $20.48M | -$767.27M | -$916.27M | $157.52M | -$180.38M | $9.11M |
| Income Before Tax (EBT) | $201.67M | -$168.75M | $345.22M | $516.89M | -$432.53M | -$216.11M | $46.74M | $377.29M |
| Income Tax Expense | $34.5M | -$31.07M | $23.23M | $36.29M | -$306K | $14K | $28K | $220K |
| Net Income | $132.91M | -$114.61M | $67.61M | $96.67M | -$19.38M | $0 | $0 | $278.91M |
| Net Income Margin | 3.7% | -3.9% | 2.8% | 3.2% | -1.3% | - | - | 23.3% |
| Supplementary Data | ||||||||
| EPS | 0.54 | -0.88 | 0.45 | 2.20 | -0.46 | 0.00 | 0.00 | 6.47 |
| Diluted EPS | 0.54 | -0.88 | 0.45 | 2.20 | -0.46 | 0.00 | 0.00 | 6.47 |
| Weighted Average OS | 242.06M | 201.23M | 150.99M | 168.72M | 169.49M | 43.10M | 43.10M | 43.10M |
| EBITDA | $1.67B | $996.99M | $1.17B | $1.15B | -$69.01M | $194.3M | $411.5M | $709.1M |
| EBITDA Margin | 46.6% | 34.0% | 49.0% | 37.5% | -4.7% | 25.8% | 37.8% | 59.1% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $10.16M | $132.82M | $2.97M | $0 | $128.58M | $36.86M | $19.89M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $10.16M | $132.82M | $2.97M | $0 | $128.58M | $36.86M | $19.89M |
| Accounts Receivable | $742.83M | $542.27M | $506.74M | $459.75M | $342.2M | $111.82M | $103.3M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $1.06B | $70.4M | $65.53M | $43.75M | $8.64M | $30.93M | $31.47M |
| Total Current Assets | $1.86B | $788.09M | $615.65M | $516.74M | $479.62M | $220.45M | $165.82M |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $10.28B | $8.15B | $6.12B | $5.44B | $4.56B | $3.64B | $3.77B |
| Goodwill | $0 | $0 | $0 | $0 | $76.56M | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $8.15M | $13.81M | $6.08M | $15.04M | $15.41M | $0 | $0 |
| Deferred Tax Assets | $143.71M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $154.33M | $213.7M | $65.78M | $50.3M | $30.75M | $44.77M | $58.16M |
| Total Long-Term Assets | $10.58B | $8.37B | $6.19B | $5.5B | $4.68B | $3.69B | $3.83B |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $12.44B | $9.16B | $6.8B | $6.02B | $5.16B | $3.91B | $4B |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $208.87M | $91.55M | $202.58M | $144.56M | $110.64M | $24.04M | $62.6M |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $36.13M | $58.1M | $55.5M | $5.06M | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $154.34M | $160.78M | $75.83M | $2.14M | $0 |
| Other Current Liabilities | $86.6M | $64.95M | -$74.47M | $177.29M | $192.14M | $28.82M | $65.67M |
| Total Current Liabilities | $1.26B | $827.36M | $750.26M | $893.75M | $616.13M | $120.67M | $200.89M |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $5.52B | $3.05B | $1.69B | $1.25B | $1.03B | $751.08M | $972.1M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $11.67M | $370.33M | $262.58M | $147.35M | $82.54M | $0 | $0 |
| Other Long-Term Liabilities | $479.32M | $542.22M | $453.34M | $424.79M | $405.23M | $142.46M | $112.47M |
| Total Long-Term Liabilities | $6.02B | $3.97B | $2.42B | $1.83B | $1.52B | $893.54M | $1.08B |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $7.28B | $4.79B | $3.17B | $2.72B | $2.14B | $1.01B | $1.29B |
| Stockholders' Equity | |||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $33K | $26K | $18K | $17K | $17K | $2.72B | $1.88B |
| Retained Earnings | $0 | -$64.75M | $95.45M | $61.96M | -$19.38M | $0 | $0 |
| Comprehensive Income & Other | -$0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $5.16B | $3.2B | $1.61B | $786.14M | $701.57M | $0 | $0 |
| Total Equity | $5.16B | $3.13B | $1.7B | $848.11M | $682.21M | $2.72B | $1.88B |
| Minority Interest | $7.53M | $1.24B | $1.93B | $2.45B | $2.34B | $176.27M | $830.33M |
| Total Liabilities and Equity | $12.44B | $7.92B | $4.87B | $3.57B | $2.82B | $3.73B | $3.17B |
| Supplementary Data | |||||||
| Total Debt | $5.71B | $3.13B | $1.76B | $1.32B | $1.09B | $774.79M | $1B |
| Net Debt | $5.7B | $3B | $1.76B | $1.32B | $962.17M | $737.93M | $980.87M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Operating Activities | ||||||||
| Net Income | $167.17M | -$137.68M | $321.99M | $480.6M | -$432.23M | -$216.12M | $46.71M | $377.07M |
| Depreciation & Amortization | $1.17B | $949.48M | $675.78M | $532.93M | $312.79M | $372.3M | $311.19M | $267.88M |
| Deferred Income Tax | $35.66M | -$35.85M | $22.73M | $33.18M | -$935K | $0 | $0 | $0 |
| Stock-Based Compensation | $245.47M | $185.61M | $82.94M | $38.06M | $39.92M | -$797K | -$2.72M | $8.01M |
| Changes in Working Capital: | ||||||||
| Accounts Receivable | $71.69M | $106.66M | -$41.52M | -$110.46M | -$91.63M | $14.65M | $24.1M | -$39.94M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $508K | -$153.16M | $112.59M | $139.66M | $30.75M | -$14.48M | -$5.49M | $25.07M |
| Other Working Capital | $9.36M | -$3.19M | $1.3M | -$37.46M | $43.27M | $12.14M | -$1.09M | -$717K |
| Total Working Capital Change | $81.56M | -$49.7M | $72.38M | -$8.26M | -$17.61M | $12.31M | $17.53M | -$15.58M |
| Other Non-Cash Items | -$16.6M | $311.23M | -$240.05M | -$64.14M | $331.22M | $243.34M | $112.81M | $101.42M |
| Net Cash from Operating | $1.68B | $1.22B | $935.77M | $1.01B | $233.15M | $411.03M | $485.51M | $470.92M |
| Investing Activities | ||||||||
| Capital Expenditures | -$1.77B | -$1.24B | -$1.43B | -$1.22B | -$270.68M | -$126.16M | -$338.65M | -$1.67B |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $847.22M | $45.98M | $31.8M | $94.98M | $26.09M | $1.22M | $10.49M | $40.57M |
| Net Cash from Investing | -$922.69M | -$1.2B | -$1.4B | -$1.12B | -$244.59M | -$124.94M | -$328.16M | -$1.63B |
| Financing Activities | ||||||||
| Debt Repaid | $820.61M | -$182.67M | -$984.63M | -$199.25M | -$350.63M | - | - | -$455.67M |
| Common Stock Issuance | $0 | $330.57M | $145.66M | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | -$38.62M | -$15.38M | -$72K | $0 | -$18.45M | $0 | $0 | $0 |
| Dividends Paid | -$115.12M | -$65.08M | -$34.12M | -$27.51M | -$35.33M | -$61.42M | -$124.84M | -$172.76M |
| Other Financing Activities | -$39.55M | -$201.9M | -$103.69M | -$195.58M | $16.37M | $10.36M | -$16.75M | $844.91M |
| Net Cash from Financing | -$245.07M | $207.39M | $456.46M | -$7.84M | $105.14M | -$272.09M | -$153.19M | $1.13B |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $512.4M | $232.18M | -$6.58M | -$119.81M | $93.7M | $14M | $4.17M | -$29.73M |
| Supplementary Data | ||||||||
| Operating Cash Flow | $1.68B | $1.22B | $935.77M | $1.01B | $233.15M | $411.03M | $485.51M | $470.92M |
| Capital Expenditure | -$1.77B | -$1.24B | -$1.43B | -$1.22B | -$270.68M | -$126.16M | -$338.65M | -$1.67B |
| Free Cash Flow | -$89.75M | -$21.2M | -$494.83M | -$206.96M | -$37.54M | $284.86M | $146.87M | -$1.2B |
| Cash at Beginning | $240.91M | $8.73M | $15.3M | $135.12M | $41.42M | $27.42M | $23.26M | $52.99M |
| Cash at End | $753.31M | $240.91M | $8.73M | $15.3M | $135.12M | $41.42M | $27.42M | $23.26M |