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Crescent Energy Company Class A (CRGY)
NYSE:CRGY
RESEARCH TOOLSreports
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.48Last Year’s EPS
0.5Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: -13.89%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Positive
The earnings call highlights a year of significant growth and financial success for Crescent Energy Company, with strong free cash flow and successful acquisitions. The company is well-positioned for continued success in 2025, though challenges remain in fully understanding the resource potential of the Uinta Basin. Overall, the sentiment is positive, with more highlights than lowlights.Company Guidance
During the Crescent Energy Company's Q4 fiscal year 2024 earnings call, the company provided an optimistic outlook for 2025, emphasizing its strong financial performance and strategic execution. Crescent Energy reported generating approximately $260 million in free cash flow for the fourth quarter, surpassing Wall Street expectations. The company's 2024 achievements included a significant expansion in the Eagle Ford basin, doubling its position through accretive acquisitions like Silverbell, with realized annual synergies exceeding $100 million. Crescent Energy plans to run four to five rigs in 2025, focusing on both oil and gas development, with an expected production range of 254,000 to 264,000 barrels of oil equivalent per day and capital expenditures between $925 million and $1.025 billion. The company highlighted its goal of maximizing free cash flow and maintaining a strong balance sheet, with net leverage reported at 1.4 times. Crescent Energy also announced a dividend of $0.12 per share, contributing to a 4% annualized yield, and noted its inclusion in the S&P 600 index, reflecting increased market presence.Transformational Year with Record Free Cash Flow
Crescent Energy Company reported approximately $260 million of free cash flow for Q4, exceeding Wall Street expectations, and $259 million in levered free cash flow for the quarter, closing out a transformational year.
Successful Acquisitions and Synergy Capture
The company's acquisition strategy resulted in significant growth, with accretive acquisitions more than doubling the Eagle Ford position. The Silverbell acquisition exceeded expectations with realized annual synergies in excess of $100 million.
Strong Operating Performance and Guidance for 2025
Production guidance for 2025 was set at 254,000 to 264,000 barrels of oil equivalent per day, with an expected capital expenditure of $925 million to $1.025 billion. The company plans to run four to five rigs, focusing on maximizing free cash flow.
Improved Financial Position and Dividend Announcement
Crescent Energy exited the year with a net leverage of 1.4 times and liquidity of $1.4 billion. A dividend of $0.12 per share was announced, with a total annualized yield of 4% from dividends and repurchases.
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CRGY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CRGY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | $13.32 | $12.63 | -5.18% |
| Nov 04, 2024 | $12.28 | $12.69 | +3.34% |
| Aug 05, 2024 | $9.88 | $9.89 | +0.10% |
| May 06, 2024 | $10.35 | $11.39 | +10.05% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Crescent Energy Company Class A (CRGY) report earnings?
Crescent Energy Company Class A (CRGY) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is Crescent Energy Company Class A (CRGY) earnings time?
Crescent Energy Company Class A (CRGY) earnings time is at May 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CRGY EPS forecast?
CRGY EPS forecast for the fiscal quarter 2025 (Q1) is 0.48.
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