Crescent Energy Company Class A (CRGY)
NYSE:CRGY
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Crescent Energy Company Class A
(NYSE:CRGY)
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Rating:68Neutral
Price Target:
$14.50
▲(7.89% Upside)
Action:ReiteratedDate:03/10/26
CRGY scores best on forward strategy and execution signals from the earnings call (FCF focus, deleveraging, capital returns) and on constructive technical momentum. The score is held back by only mid-level financial statement strength (volatile revenue, thin margins, leverage risk) and valuation uncertainty reflected in a negative P/E despite a solid dividend yield.
Positive Factors
Free cash flow generation
Sustained, sizable levered free cash flow demonstrates durable cash conversion from operations, supporting deleveraging, dividends and buybacks without relying on asset sales. Over the next 2–6 months this underpins capital allocation flexibility and reduces refinancing stress in a cyclical E&P business.
Negative Factors
Elevated leverage
A debt profile roughly comparable to equity leaves limited financial flexibility in weaker pricing environments; higher leverage raises refinancing and interest coverage risk, can constrain opportunistic investment, and makes deleveraging a multi-quarter priority to stabilize capital structure.
Read all positive and negative factors
Positive Factors
Negative Factors
Free cash flow generation
Sustained, sizable levered free cash flow demonstrates durable cash conversion from operations, supporting deleveraging, dividends and buybacks without relying on asset sales. Over the next 2–6 months this underpins capital allocation flexibility and reduces refinancing stress in a cyclical E&P business.
Read all positive factors
Crescent Energy Company Class A (CRGY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.41B
Dividend Yield5.78%
Average Volume (3M)10.39M
Price to Earnings (P/E)15.3
Beta (1Y)1.31
Revenue Growth32.31%
EPS Growth-122.30%
CountryUS
Employees987
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)0.49
Shares Outstanding327,900,270
10 Day Avg. Volume9,748,340
30 Day Avg. Volume10,385,803
Financial Highlights & Ratios
PEG Ratio-0.09
Price to Book (P/B)0.39
Price to Sales (P/S)0.57
P/FCF Ratio2.79
Enterprise Value/Market Cap2.26
Enterprise Value/Revenue2.78
Enterprise Value/Gross Profit4.16
Enterprise Value/Ebitda5.96
Forecast
1Y Price Target
$15.10Price Target Upside12.35% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
EPS Forecast (FY)1.66
Revenue Forecast (FY)$4.66B
Crescent Energy Company Class A Business Overview & Revenue Model
Company Description
Crescent Energy Company, an energy company, explores for, develops, and produces crude oil, natural gas, and natural gas liquids (NGLs) reserves. The company holds a portfolio of oil and natural gas assets in key proven basins, including the Eagle...
How the Company Makes Money
Crescent Energy makes money primarily by producing and selling crude oil, natural gas, and natural gas liquids (NGLs) from its operated and non-operated upstream properties. Revenue is generated when produced volumes are sold to third-party purcha...
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.
Data provided by:
The Fly
The FlyCrescent Energy Company Class A Earnings Call Summary
Earnings Call Date:Feb 25, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 11, 2026
Earnings Call Sentiment Positive
The call emphasized strong free cash flow generation, meaningful portfolio transformation, immediate synergy capture, and the strategic launch of a royalties platform — all supported by tangible metrics (production, adjusted EBITDA, levered free cash flow, cost reductions, transaction multiples). Key near-term headwinds include flat 2026 oil production guidance, legacy base declines, higher Permian well costs that need to be driven down, and market/M&A valuation dynamics. On balance, the positive operational and financial execution and clear pathways to unlock additional value (synergies, royalties, continued deleveraging) outweigh the listed challenges.Positive Updates
Strong Q4 Production and Free Cash Flow
Produced 268,000 BOE/d in Q4 2025, including 106,000 bbl/d of oil, and generated approximately $239 million of levered free cash flow for the quarter, demonstrating robust cash generation from the base business.
Negative Updates
Flat Oil Production Guidance for 2026
Management expects relatively flat oil volumes across 2026 (Eagle Ford and Permian expected to trend flat through the year), limiting near-term production growth despite strong cash generation.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Q4 Production and Free Cash Flow
Produced 268,000 BOE/d in Q4 2025, including 106,000 bbl/d of oil, and generated approximately $239 million of levered free cash flow for the quarter, demonstrating robust cash generation from the base business.
Read all positive updates
Company Guidance
The 2026 guidance centers on maximizing free cash flow through a 6–7 rig program (four rigs in the Eagle Ford, one in the Uinta and a disciplined 1–2 rig program in the Permian) while maintaining capital flexibility and deleveraging; management highlighted Q4 baselines of 268,000 boe/d production (106,000 bbls oil/d), ~$536M adjusted EBITDA, ~$226M CapEx and ~ $239M levered free cash flow, plus a $0.12/share quarterly dividend (~5% annualized), a $400M buyback authorization and >$700M of debt repaid in the quarter. Portfolio moves in 2025 totaled nearly $5B (>$4B of acquisitions at <3x EBITDA and ~ $1B of divestitures at >5x EBITDA), the minerals portfolio produces ~ $160M of annual cash flow, and Crescent has captured >$40M of synergies to date with synergy targets now ~100% higher than originally underwritten (management referenced an annual target in the ~ $190M area); operationally they drove a 15% YoY reduction in D&C cost per foot, plan ~+2,000 ft laterals in parts of the Eagle Ford, expect up to 70% simulfrac on South Texas pads, see relatively flat oil volumes through 2026, and target a corporate decline rate moving back to ≤25% within 12–18 months while keeping long‑term leverage around 1x (minerals financing expected <1.5x by year‑end).Crescent Energy Company Class A Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
48
Neutral
Cash Flow
62
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.58B | 2.93B | 2.38B | 3.06B | 1.48B |
| Gross Profit | 808.45M | 2.40B | 1.30B | 2.62B | 1.23B |
| EBITDA | 1.67B | 996.99M | 1.17B | 1.15B | -69.01M |
| Net Income | 132.91M | -114.61M | 67.61M | 96.67M | -19.38M |
Balance Sheet | |||||
| Total Assets | 12.44B | 9.16B | 6.80B | 6.02B | 5.16B |
| Cash, Cash Equivalents and Short-Term Investments | 290.00K | 132.82M | 2.97M | 0.00 | 128.58M |
| Total Debt | 5.53B | 3.13B | 1.76B | 1.32B | 1.09B |
| Total Liabilities | 7.28B | 4.79B | 3.17B | 2.72B | 2.14B |
| Stockholders Equity | 5.17B | 3.13B | 1.70B | 848.11M | 682.21M |
Cash Flow | |||||
| Free Cash Flow | 729.12M | -21.20M | -494.83M | -206.96M | -37.54M |
| Operating Cash Flow | 1.68B | 1.22B | 935.77M | 1.01B | 233.15M |
| Investing Cash Flow | -922.69M | -1.20B | -1.40B | -1.12B | -244.59M |
| Financing Cash Flow | -245.07M | 207.39M | 456.46M | -7.84M | 105.14M |
Crescent Energy Company Class A Technical Analysis
Positive
13.44
Price Trends
11.09
Positive
9.90
Positive
9.28
Positive
Market Momentum
0.69
Positive
63.88
Neutral
63.64
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CRGY, the sentiment is Positive. The current price of 13.44 is above the 20-day moving average (MA) of 12.59, above the 50-day MA of 11.09, and above the 200-day MA of 9.28, indicating a bullish trend. The MACD of 0.69 indicates Positive momentum. The RSI at 63.88 is Neutral, neither overbought nor oversold. The STOCH value of 63.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
80 Outperform | $3.11B | 9.38 | 27.16% | 9.94% | -0.75% | -29.40% | |
70 Outperform | $2.37B | 10.15 | 8.09% | 17.48% | 9.33% | ― | |
68 Neutral | $4.41B | 15.28 | 3.06% | 5.78% | 32.31% | -122.30% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
65 Neutral | $2.96B | 54.12 | 1.69% | 8.18% | 1.51% | -78.38% | |
65 Neutral | $2.64B | -3.89 | -20.26% | ― | -0.02% | -473.61% | |
59 Neutral | $2.98B | 14.44 | 10.00% | ― | 31.67% | ― |
* Energy Sector Average
CRGY
Crescent Energy Company Class A
13.44
5.94
79.18%
NOG
Northern Oil And Gas
28.29
7.22
34.25%
BSM
Black Stone Minerals
14.65
2.35
19.09%
TALO
Talos Energy
15.65
8.75
126.81%
MNR
Mach Natural Resources LP
14.06
2.63
23.00%
BKV
BKV Corporation
27.63
11.08
66.95%
Crescent Energy Company Class A Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Crescent Energy Prices Upsized Convertible Senior Notes Offering
Positive
Mar 9, 2026
On March 3, 2026, Crescent Energy announced it had priced an upsized private placement of $600 million in 2.75% Convertible Senior Notes due 2031 to qualified institutional buyers, increasing the deal from a previously planned $400 million, with s...
Business Operations and StrategyPrivate Placements and Financing
Crescent Energy Plans Convertible Notes Offering and Debt Redemption
Positive
Mar 2, 2026
On March 2, 2026, Crescent Energy Company announced a planned private placement of $400 million of convertible senior notes due 2031, with an option for an additional $60 million, aimed at qualified institutional buyers. The senior unsecured notes...
Business Operations and StrategyStock BuybackDividendsFinancial DisclosuresM&A Transactions
Crescent Energy Announces Eagle Ford Deals and 2026 Outlook
Positive
Feb 25, 2026
Crescent Energy reported that 2025 was a transformational year, with full-year production averaging 260 MBoe/d, record operating performance and $1.7 billion in operating cash flow and $856 million in levered free cash flow, exceeding upgraded gui...
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.