Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
---|---|---|---|---|---|---|
Income Statement | ||||||
Total Revenue | 3.47B | 2.93B | 2.38B | 3.06B | 1.48B | 754.22M |
Gross Profit | 2.41B | 2.40B | 1.30B | 2.62B | 1.23B | 552.04M |
EBITDA | 1.27B | 996.99M | 1.17B | 1.15B | -69.01M | 194.30M |
Net Income | 36.37M | -114.61M | 67.61M | 480.60M | -432.23M | -216.12M |
Balance Sheet | ||||||
Total Assets | 9.86B | 9.16B | 6.80B | 6.02B | 5.16B | 3.91B |
Cash, Cash Equivalents and Short-Term Investments | 3.05M | 132.82M | 2.97M | -10.75M | 128.58M | 36.86M |
Total Debt | 3.48B | 3.13B | 1.76B | 1.26B | 1.09B | 774.79M |
Total Liabilities | 5.36B | 4.79B | 3.17B | 2.72B | 2.14B | 1.01B |
Stockholders Equity | 4.49B | 3.14B | 1.70B | 848.11M | 682.21M | 2.72B |
Cash Flow | ||||||
Free Cash Flow | 355.73M | -21.20M | -494.83M | -206.96M | -37.54M | 284.86M |
Operating Cash Flow | 1.59B | 1.22B | 935.77M | 1.01B | 233.15M | 411.03M |
Investing Cash Flow | -2.18B | -1.20B | -1.40B | -1.12B | -244.59M | -124.94M |
Financing Cash Flow | -173.69M | 207.39M | 456.46M | -7.84M | 105.14M | -272.09M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
77 Outperform | $1.67B | 7.30 | 16.84% | 16.17% | 11.56% | ― | |
73 Outperform | $3.29B | 4.49 | 11.31% | 8.78% | 0.24% | -9.19% | |
72 Outperform | $3.24B | 3.99 | 19.27% | 2.97% | 28.20% | 1.63% | |
71 Outperform | $2.35B | 23.27 | 0.70% | 5.48% | 32.84% | -755.17% | |
71 Outperform | $2.54B | 4.23 | 27.17% | 7.00% | 2.98% | 7.94% | |
68 Neutral | $1.68B | 45.09 | 4.52% | 12.38% | -2.89% | -107.61% | |
65 Neutral | $15.28B | 7.48 | 3.19% | 5.33% | 4.10% | -60.58% |
On August 24, 2025, Crescent Energy Company announced a merger agreement with Vital Energy, Inc., involving an all-equity transaction. The merger will result in Crescent’s shareholders owning approximately 77% of the combined entity, while Vital’s shareholders will own about 23%. The merger aims to enhance Crescent’s market position and operational capabilities, with the board of directors expanding to include two directors from Vital. The completion of the merger is subject to customary conditions, including shareholder approvals and regulatory clearances.
On August 25, 2025, Crescent Energy Company announced an all-equity merger agreement to acquire Vital Energy, Inc., valued at approximately $3.1 billion, including Vital’s net debt. This merger is set to establish Crescent as a top 10 independent energy company with a strategy focused on free cash flow and returns. The transaction, which offers significant value and accretion across key financial metrics, is expected to close by the end of 2025, subject to customary approvals. The merger will result in Crescent shareholders owning 77% of the combined company, while Vital shareholders will hold 23%. The combined entity will benefit from enhanced capital allocation flexibility and operational efficiencies, with a focus on long-term growth and value creation.
Crescent Energy Company reported strong financial and operational results for the second quarter of 2025, with record production and significant free cash flow. The company enhanced its 2025 guidance and executed strategic acquisitions and divestitures, including a $72 million minerals acquisition and $110 million in non-core asset sales, to optimize its portfolio and reduce debt. Crescent also simplified its corporate structure and continued its share repurchase program, reflecting its commitment to delivering value to investors.
On July 8, 2025, Crescent Energy Finance LLC, a subsidiary of Crescent Energy Company, issued $600 million in 8.375% Senior Notes due 2034. These notes are senior unsecured obligations guaranteed by the issuer’s existing subsidiaries but not by Crescent Energy Company itself. Additionally, Crescent Energy announced the early results of its tender offer to purchase up to $500 million of its 9.250% Senior Notes due 2028, with $306.125 million of these notes validly tendered by July 7, 2025. The tender offer is set to expire on July 22, 2025, unless extended or terminated.
On June 23, 2025, Crescent Energy Finance LLC, an indirect subsidiary of Crescent Energy Company, announced the pricing of $600 million in 8.375% Senior Notes due 2034. The proceeds from this offering, along with additional borrowings and cash on hand, are intended to fund a tender offer for a portion of the company’s outstanding 9.250% Senior Notes due 2028 and other corporate purposes. This strategic financial move is expected to enhance Crescent Energy’s capital structure and provide flexibility in managing its debt obligations.
On June 23, 2025, Crescent Energy Finance LLC announced its intention to offer $500 million in Senior Notes due 2034 through a private placement, subject to market conditions. The proceeds from this offering are intended to fund a cash tender offer to purchase up to $500 million of its outstanding 9.250% Senior Notes due 2028. This financial maneuver aims to optimize the company’s debt structure and potentially improve its financial flexibility, impacting its stakeholders by possibly enhancing its market positioning and operational efficiency.