Crescent Energy Company Class A (CRGY)
NYSE:CRGY
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Earnings Data
Report Date
Aug 10, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.63Last Year’s EPS
0.43Same Quarter Last Year
Strong Buy
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong operational execution, record production, meaningful free cash flow and EBITDA, successful and ahead-of-plan Permian integration with material synergies and well cost savings, and a strengthened balance sheet and liquidity. Key risks mentioned include Permian Waha pricing pressure (though hedged near-term), commodity/geopolitical volatility, a short-term working capital draw that should unwind, and potential future cash tax exposure if oil prices remain high. Overall, the positive operational and financial developments substantially outweigh the highlighted challenges.Company Guidance
Record Production
Crescent produced a record 341 thousand barrels of oil equivalent per day (boe/d) in Q1, including 140 thousand barrels of oil per day (bbl/d), exceeding internal expectations.
Strong Cash Generation and Profitability
Generated approximately $192 million of levered free cash flow in Q1 and approximately $690 million of adjusted EBITDA; management expects about $1 billion of levered free cash flow for full-year 2026 at current prices.
Permian Integration Outperformance and Synergies
Permian acquisition integration is ahead of plan with $120 million of synergies captured to date, already exceeding the initial target; operational changes have driven >$500k savings per well versus prior operator and ~ $25 per lateral foot cost reductions in some operations.
Material Well Cost Reductions and Efficiency Gains
Across assets the company is reducing well costs and accelerating cycle times (management cited a ~50/50 split between Permian cycle-time improvements and base optimization driving the Q1 outperformance); simul-frac adoption is approaching ~50% of Permian wells this year and lateral lengths have been increased, adding roughly 100k incremental lateral feet to the 2026 plan.
Uinta Execution and Cost Improvement
Strong execution in the Uinta with well costs down roughly 20% year-over-year through implementation of Crescent’s operating practices (simul-frac, longer laterals, efficiency measures) and further delineation investment planned.
Minerals & Royalties Strength
Minerals and royalties business now expected to generate approximately $200 million of EBITDA this year—a meaningful increase versus prior guidance—providing high-margin, cost-free organic cash flow; management expects minerals leverage of ~1.5x or below by year-end.
Balance Sheet and Liquidity Improvements
Ended the quarter with approximately $2 billion of liquidity, no near-term debt maturities, and an opportunistic refinancing that reduced interest expense and extended maturities, lowering cost of capital and supporting higher free cash flow.
Shareholder Returns and Capital Discipline
Declared a $0.12 per share quarterly dividend and reiterated a disciplined capital allocation framework prioritizing balance sheet strength, dividends, debt reduction, accretive M&A, and potential buybacks supported by strong free cash flow generation.
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
CRGY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 04, 2026 | $13.58 | $13.79 | +1.53% |
Feb 25, 2026 | $10.11 | $10.61 | +4.95% |
Nov 03, 2025 | $8.27 | $7.79 | -5.73% |
Aug 04, 2025 | $8.49 | $8.95 | +5.41% |
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.
FAQ
When does Crescent Energy Company Class A (CRGY) report earnings?
Crescent Energy Company Class A (CRGY) is schdueled to report earning on Aug 10, 2026, After Close (Confirmed).
What is Crescent Energy Company Class A (CRGY) earnings time?
Crescent Energy Company Class A (CRGY) earnings time is at Aug 10, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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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 2026 (Q2) is 0.63.