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Crescent Energy Company Class A
(NYSE:CRGY)
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Rating:58Neutral
Price Target:
$10.50
▼(-11.09% Downside)
Action:Reiterated
Date:05/09/26
The score is driven primarily by moderate underlying financial quality (strong operating cash flow and margins but volatile net income and free cash flow) and a notably constructive earnings call with quantified free-cash-flow and integration progress. Technicals are mixed-to-soft in the near term, while valuation is helped by the dividend yield but clouded by a negative P/E tied to recent losses.
Positive Factors
Strong operating cash flow
Consistent operating cash flow underpins durable liquidity and funds capital spending, dividends, and debt service without relying on equity raises. Over a 2–6 month horizon this supports capital allocation flexibility, the dividend policy, and the ability to weather commodity swings while pursuing targeted investments.
Negative Factors
Volatile net income and free cash flow
Pronounced swings in net income and materially uneven free cash flow reduce predictability of distributable cash and complicate multi‑period planning. This variability, driven by commodity realization, timing, and one‑offs, makes sustained deleveraging and reliable buybacks/dividends harder to assume without conservative buffers.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong operating cash flow
Consistent operating cash flow underpins durable liquidity and funds capital spending, dividends, and debt service without relying on equity raises. Over a 2–6 month horizon this supports capital allocation flexibility, the dividend policy, and the ability to weather commodity swings while pursuing targeted investments.
Read all positive factors
Crescent Energy Company Class A Key Performance Indicators (KPIs)
Any
Revenue by Segment
Breakdown of revenue across the company’s business lines (for example oil, gas, NGLs, and any midstream or marketing revenue). Segment-level revenue reveals where income is concentrated, how diversified the business is, and which parts drive profits or risk—high concentration increases sensitivity to specific commodity prices or operational issues.
Breakdown of revenue across the company’s business lines (for example oil, gas, NGLs, and any midstream or marketing revenue). Segment-level revenue reveals where income is concentrated, how diversified the business is, and which parts drive profits or risk—high concentration increases sensitivity to specific commodity prices or operational issues.
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The Fly
The FlyCrescent Energy Company Class A (CRGY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.34B
Dividend Yield5.78%
Average Volume (3M)6.92M
Price to Earnings (P/E)―
Beta (1Y)1.04
Revenue Growth18.27%
EPS Growth-67.80%
CountryUS
Employees987
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-0.74
Shares Outstanding330,251,620
10 Day Avg. Volume5,831,512
30 Day Avg. Volume6,919,888
Financial Highlights & Ratios
PEG Ratio-0.10
Price to Book (P/B)0.39
Price to Sales (P/S)0.57
P/FCF Ratio-22.63
Enterprise Value/Market Cap2.67
Enterprise Value/Revenue2.34
Enterprise Value/Gross Profit3.33
Enterprise Value/Ebitda7.08
Forecast
1Y Price Target
$17.60Price Target Upside49.03% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)2.33
Revenue Forecast (FY)$5.05B
Crescent Energy Company Class A Business Overview & Revenue Model
Company Description
Crescent Energy Company operates as an energy enterprise, primarily focused on the exploration, development, and extraction of crude oil, natural gas, and natural gas liquids (NGLs). Its operational footprint extends across a diverse array of oil ...
How the Company Makes Money
Crescent Energy primarily makes money by producing and selling crude oil, natural gas, and natural gas liquids (NGLs) from its upstream portfolio. Its core revenue stream is commodity sales: production volumes are sold to third-party purchasers/ma...
Crescent Energy Company Class A Earnings Call Summary
Earnings Call Date:May 04, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 10, 2026
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.Positive Updates
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.
Negative Updates
Waha Pricing Headwinds in Permian
Waha spot was cited near negative $4 (current environment), creating regional pricing pressure; company notes exposure from Vital assets but indicates hedges in place (mid-$2s Waha protection over the next 24 months).
Read all updates
Q1-2026 Updates
Positive
Negative
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.
Read all positive updates
Company Guidance
Crescent left full‑year guidance intact but gave clear quantitative context: Q1 production was a record 341 mboe/d (including 140 kbbls/d oil) with Q1 adjusted EBITDA ≈ $690M and Q1 levered free cash flow $192M; the company ended the quarter with ≈ $2.0B liquidity, no near‑term maturities, declared a $0.12/share quarterly dividend, and after an opportunistic refinancing expects lower interest expense; at current prices Crescent expects ≈ $1.0B of 2026 levered free cash flow and ~ $200M of minerals/royalties EBITDA, targets minerals leverage of ~1.5x or below by year‑end, is hedged on Waha in the mid‑$2s for ~24 months, and expects to finish 2026 in the mid‑to‑high range of its production and CapEx bands while retaining the flexibility to move about ±1 rig; integration progress includes $120M of synergies captured to date, >$500k per‑well cost savings versus the prior operator, ~100k incremental lateral feet added to the 2026 plan, ~50% Permian simul‑frac penetration planned this year, Uinta well costs down ~20% YoY, and a $140M working‑capital draw that management expects to unwind next quarter.Crescent Energy Company Class A Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
52
Neutral
Cash Flow
49
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.81B | 3.58B | 2.93B | 2.38B | 3.06B | 1.48B |
| Gross Profit | 2.68B | 808.45M | 2.40B | 1.30B | 2.62B | 1.23B |
| EBITDA | 1.26B | 1.67B | 996.99M | 1.17B | 1.15B | -69.01M |
| Net Income | -284.79M | 132.91M | -114.61M | 67.61M | 96.67M | -19.38M |
Balance Sheet | ||||||
| Total Assets | 12.00B | 12.44B | 9.16B | 6.80B | 6.02B | 5.16B |
| Cash, Cash Equivalents and Short-Term Investments | 9.78M | 10.16M | 132.82M | 2.97M | 8.00M | 128.58M |
| Total Debt | 5.37B | 5.71B | 3.13B | 1.76B | 1.32B | 1.09B |
| Total Liabilities | 7.31B | 7.28B | 4.79B | 3.17B | 2.72B | 2.14B |
| Stockholders Equity | 4.68B | 5.16B | 3.13B | 1.70B | 848.11M | 682.21M |
Cash Flow | ||||||
| Free Cash Flow | 373.98M | -89.75M | -21.20M | -494.83M | -206.96M | -37.54M |
| Operating Cash Flow | 1.75B | 1.68B | 1.22B | 935.77M | 1.01B | 233.15M |
| Investing Cash Flow | -547.42M | -922.69M | -1.20B | -1.40B | -1.12B | -244.59M |
| Financing Cash Flow | -1.20B | -245.07M | 207.39M | 456.46M | -7.84M | 105.14M |
Crescent Energy Company Class A Technical Analysis
Negative
11.81
Price Trends
12.13
Negative
11.85
Negative
10.20
Negative
Market Momentum
-0.60
Positive
29.34
Positive
9.64
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CRGY, the sentiment is Negative. The current price of 11.81 is above the 20-day moving average (MA) of 11.20, below the 50-day MA of 12.13, and above the 200-day MA of 10.20, indicating a bearish trend. The MACD of -0.60 indicates Positive momentum. The RSI at 29.34 is Positive, neither overbought nor oversold. The STOCH value of 9.64 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CRGY.
Crescent Energy Company Class A Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $3.00B | 11.12 | 26.86% | 9.94% | 54.86% | 37.42% | |
68 Neutral | $2.12B | 17.20 | 13.10% | 17.48% | 22.47% | -56.03% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
63 Neutral | $2.84B | 7.84 | 15.50% | ― | 52.41% | ― | |
58 Neutral | $3.34B | -13.61 | -6.06% | 5.78% | 18.27% | -67.80% | |
52 Neutral | $2.22B | -3.10 | -33.22% | ― | -15.43% | -3103.48% | |
50 Neutral | $2.09B | -3.03 | -29.09% | 8.18% | -6.81% | -197.47% |
* Energy Sector Average
CRGY
Crescent Energy Company Class A
10.12
1.90
23.13%
NOG
Northern Oil And Gas
19.17
-7.75
-28.78%
BSM
Black Stone Minerals
14.10
2.14
17.85%
TALO
Talos Energy
13.32
4.84
57.08%
MNR
Mach Natural Resources LP
12.73
0.11
0.86%
BKV
BKV Corporation
25.95
1.83
7.59%
Crescent Energy Company Class A Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Crescent Energy Amends Credit Facility, Extends Revolving Maturity
Neutral
May 22, 2026
On May 18, 2026, Crescent Energy Finance LLC executed a fifteenth amendment to its long-standing credit agreement, reducing the borrowing base from $3.9 billion to $3.5 billion while keeping elected commitments at $2.0 billion. The amendment also ...
Business Operations and StrategyStock BuybackDividendsFinancial DisclosuresM&A TransactionsPrivate Placements and Financing
Crescent Energy Posts Record Production, Boosts Financial Flexibility
Positive
May 4, 2026
Crescent Energy reported first quarter 2026 results on May 4, 2026, highlighting record production of 341 MBoe/d, strong operational execution and $409 million in operating cash flow that generated $192 million in levered free cash flow, despite p...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.