CRGY Stock - Crescent Energy Company
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $2.93B | $2.38B | $3.06B | $1.48B | $754.22M |
| Gross Profit | $2.40B | $1.30B | $2.62B | $1.23B | $552.04M |
| Gross Margin | 82.0% | 54.7% | 85.6% | 83.5% | 73.2% |
| Operating Income | $218.46M | $324.74M | $1.28B | $483.74M | $-373,628,000 |
| Net Income | $-114,605,000 | $67.61M | $96.67M | $-19,376,000 | N/A |
| Net Margin | -3.9% | 2.8% | 3.2% | -1.3% | 0.0% |
| EPS | $-0.88 | $0.45 | $2.20 | $-0.46 | $0.00 |
Crescent Energy Company, an energy company, explores for, develops, and produces crude oil, natural gas, and natural gas liquids (NGLs) reserves. The company holds a portfolio of oil and natural gas assets in key proven basins, including the Eagle Ford, Rockies, Barnett, Permian, Mid-Con, and other basins in the United States. As of December 31, 2021, it had 1,528 gross undrilled locations, including 567 gross operated drilling locations; and 531.6 net million barrels of oil equivalent of proved reserves. The company was founded in 2020 and is based in Houston, Texas.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 16th 2025 | Evercore ISI | Resumed | Outperform | - |
| August 25th 2025 | William Blair | Initiation | Outperform | - |
| June 9th 2025 | Piper Sandler | Initiation | Overweight | $14 |
| February 3rd 2025 | Siebert Williams Shank | Initiation | Buy | - |
| October 28th 2024 | Pickering Energy Partners | Initiation | Outperform | - |
| September 24th 2024 | Evercore ISI | Resumed | Outperform | $17 |
| September 18th 2024 | JP Morgan | Initiation | Neutral | $12 |
| August 8th 2024 | Wells Fargo | Resumed | Overweight | $20 |
| July 18th 2024 | Wolfe Research | Resumed | Outperform | $16 |
| June 27th 2024 | KeyBanc Capital Markets | Initiation | Overweight | $16 |
| April 10th 2024 | Tudor, Pickering, Holt & Co. | Initiation | Buy | $18 |
| January 3rd 2024 | Mizuho | Downgrade | Neutral | $14← $18 |
| December 5th 2023 | Raymond James | Initiation | Strong Buy | $16 |
| December 1st 2023 | Evercore ISI | Initiation | Outperform | $16 |
| September 27th 2023 | Stephens | Initiation | Overweight | $17 |
Earnings History & Surprises
CRGYEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 4, 2026 | — | — | — | — |
Q1 2026 | Feb 25, 2026 | $0.25 | — | — | — |
Q4 2025 | Nov 3, 2025 | $0.30 | $0.35 | +16.7% | ✓ BEAT |
Q3 2025 | Aug 4, 2025 | $0.23 | $0.43 | +87.0% | ✓ BEAT |
Q2 2025 | May 5, 2025 | $0.47 | $0.56 | +19.1% | ✓ BEAT |
Q1 2025 | Feb 26, 2025 | $0.26 | $0.56 | +115.4% | ✓ BEAT |
Q4 2024 | Nov 4, 2024 | $0.28 | $0.39 | +39.3% | ✓ BEAT |
Q3 2024 | Aug 5, 2024 | $0.26 | $0.31 | +19.2% | ✓ BEAT |
Q2 2024 | May 6, 2024 | $0.18 | $0.46 | +155.6% | ✓ BEAT |
Q1 2024 | Mar 4, 2024 | $0.15 | $0.61 | +306.7% | ✓ BEAT |
Q4 2023 | Nov 6, 2023 | $0.34 | $0.35 | +2.9% | ✓ BEAT |
Q3 2023 | Aug 9, 2023 | $0.14 | $0.11 | -21.4% | ✗ MISS |
Q2 2023 | May 10, 2023 | $0.31 | $0.32 | +3.2% | ✓ BEAT |
Q1 2023 | Mar 7, 2023 | $0.63 | $1.51 | +139.7% | ✓ BEAT |
Q4 2022 | Nov 9, 2022 | $0.75 | $4.14 | +452.0% | ✓ BEAT |
Q3 2022 | Aug 9, 2022 | $0.90 | $5.38 | +497.8% | ✓ BEAT |
Q2 2022 | May 10, 2022 | $0.59 | $6.56 | +1011.9% | ✓ BEAT |
Q2 2022 | Apr 8, 2022 | — | $-126.59 | — | — |
Q1 2022 | Mar 10, 2022 | — | $-0.11 | — | — |
Q3 2021 | Sep 30, 2021 | — | $-0.96 | — | — |
Latest News
Evercore ISI Group Reinstates Outperform on Crescent Energy, Announces $13 Price Target
📈 PositiveVital Energy Stockholders Approve Merger With Crescent Energy
📈 PositiveMizuho Maintains Neutral on Crescent Energy, Raises Price Target to $12
➖ NeutralCrescent Energy Divests Non-Operated DJ Basin Assets In Colorado To Private Buyer For $90M In Cash
📈 PositivePiper Sandler Maintains Overweight on Crescent Energy, Lowers Price Target to $13
➖ NeutralCrescent Energy Q3 Adj. EPS $0.35, Inline, Sales $866.579M Miss $886.091M Estimate
➖ NeutralWells Fargo Maintains Overweight on Crescent Energy, Lowers Price Target to $15
➖ NeutralMizuho Maintains Neutral on Crescent Energy, Lowers Price Target to $10
➖ NeutralRaymond James Reiterates Strong Buy on Crescent Energy, Raises Price Target to $17
📈 PositiveCrescent Energy Will Be Required To Pay Vital Energy Termination Fee Of Up To $76.9M, If Deal Terminated Under Some Circumstances
📉 NegativeWilliam Blair Initiates Coverage On Crescent Energy with Outperform Rating
📈 PositiveVital Energy shares are trading higher after Crescent Energy agreed to acquire the company in a $3.1 billion all-stock transaction.
📈 PositiveCrescent Energy shares are trading lower after the company agreed to acquire Vital Energy in a $3.1 billion all-stock transaction.
➖ NeutralCrescent Energy to buy Vital Energy in all-stock deal valued at $3.1B
📈 PositiveCrescent Energy To Acquire Vital Energy In $3.1B All-Stock Transaction; Vital Shareholders To Receive 1.9062 Crescent Class A Shares For Each Vital Share
➖ NeutralCrescent Energy nears deal for Permian Basin producer Vital Energy - Reuters
📈 Positive'Crescent Energy nears deal for US shale peer Vital Energy, sources say'- Reuters Exclusive
📈 PositiveRaymond James Reiterates Strong Buy on Crescent Energy, Lowers Price Target to $14
📈 PositiveFrequently Asked Questions about CRGY
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