Crescent Energy Co (CRGY) Form 10-Q — Nov 2, 2026
Crescent Energy filed its Q3 2026 10-Q showing total revenues of $1.35 billion, up sharply from $867 million a year ago largely reflecting the Vital Energy merger, though a $406 million loss on derivatives left the quarter with a net loss of $0.6 million and EPS of -$0.01. Nine-month revenues were $3.93 billion with net income of $73.9 million ($0.21 diluted EPS). The headline item is the pending acquisition of Devon Energy's Eagle Ford assets for approximately $4.2 billion in cash, expected to close in Q4 2026 or early 2027.
Key figures
- Revenue
- 1351212000
- Total Debt
- 4717703000
- Revenue Yoy
- Q3 2026 total revenues $1,351.2M vs $866.6M in Q3 2025; nine-month revenues $3,929.0M vs $2,714.7M
- Cash Position
- 6126000
- Shares Outstanding
- 422456708
- Term loan b size
- $1.5 billion at SOFR+2.25%, priced at 99.5% of par
- 2031 convertible notes
- $690.0M at 2.750% due 3/15/2031
- October 2026 net proceeds
- ~$1.1 billion
- Devon ef acquisition price
- $4.2 billion cash
- Q3 2026 quarterly dividend
- $0.12 per share ($0.48 annualized)
- October 2026 offering price
- 12.5
- October 2026 offering shares
- 92000000
- Revolving credit borrowing base
- reduced from $3.9B to $3.5B
AI analysis
Red flags6 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.