Record Production and Cash Flow
Crescent Energy reported record production of 258,000 barrels of oil equivalent per day and approximately $242 million of free cash flow, exceeding Wall Street expectations.
Strong Financial Performance
The company achieved approximately $530 million of adjusted EBITDA and maintained a net leverage of 1.5 times, with $1.4 billion of liquidity and no near-term maturities.
Successful Asset Sales and Acquisitions
Crescent closed $90 million of accretive asset sales and successfully integrated the Ridgemar acquisition, which added high-margin production and significant low-risk inventory.
Cost Savings and Capital Efficiency
The company achieved savings of 10% on drilling, completions, and facilities costs across its Eagle Ford development relative to 2024.
Strategic Hedge Program
Crescent has approximately 60% of its 2025 oil and natural gas production hedged at a significant premium to current market pricing, supporting cash flow stability.
Dividend and Share Repurchase
Crescent announced a dividend of $0.12 per share and repurchased approximately $30 million worth of stock, equating to a 10% annualized yield.
Simplification of Corporate Structure
The company transitioned to a single class of common shares, eliminating [indiscernible] structure and reducing reporting complexity.