Crescent Energy Company Class A ( (CRGY) ) has released its Q4 earnings. Here is a breakdown of the information Crescent Energy Company Class A presented to its investors.
Crescent Energy Company is a U.S.-based energy firm focused on delivering shareholder value through disciplined growth via acquisitions and consistent capital returns, primarily operating in Texas and the Rocky Mountain region.
Crescent Energy reported strong financial and operational results for the fourth quarter and full year 2024, highlighting significant growth and strategic acquisitions that have enhanced the company’s position in the energy sector.
Key financial achievements include generating $1.2 billion in operating cash flow and $630 million in levered free cash flow, alongside a record annual production of 201 MBoe/d, marking a 30% increase year-over-year. The company executed over $3 billion in strategic acquisitions in the Eagle Ford region and divested $50 million of non-core assets, emphasizing its focus on portfolio optimization. Additionally, Crescent was added to the S&P SmallCap 600 Index, reflecting its increased market presence.
For 2025, Crescent anticipates approximately 30% production growth and plans to operate a flexible 4-5 rig program to maximize returns and free cash flow. The company’s outlook includes a significant contribution from recently acquired assets, positioning it for continued success.
Looking ahead, Crescent Energy remains committed to disciplined execution and strategic capital allocation, aiming to maximize free cash flow and shareholder returns, supported by its robust asset portfolio and strategic growth initiatives.