Crescent Energy Company Class A (CRGY) AI Stock Analysis

• Market Cap: $3.69B
• Dividend Yield: 5.78%
• Average Volume (3M): 6.42M
• Price to Earnings (P/E): 15.3
• Beta (1Y): 1.48
• Revenue Growth: 32.31%
• EPS Growth: -122.30%
• Country: US
• Employees: 987
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): 0.49
• Shares Outstanding: 327,900,270
• 10 Day Avg. Volume: 8,405,550
• 30 Day Avg. Volume: 6,421,510
• PEG Ratio: -0.09
• Price to Book (P/B): 0.39
• Price to Sales (P/S): 0.57
• P/FCF Ratio: 2.79
• Enterprise Value/Market Cap: 2.54
• Enterprise Value/Revenue: 2.62
• Enterprise Value/Gross Profit: 3.92
• Enterprise Value/Ebitda: 5.62
• 1Y Price Target: $12.38
• Price Target Upside: 7.56% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 9
• EPS Forecast (FY): 1.12
• Revenue Forecast (FY): $4.39B

• Rating: 62 Neutral
• Price Target: $12.50 ▲(8.60% Upside)
• Action: Reiterated Date: 03/03/26
• Date: Action: Reiterated 03/03/26

The score is led by improving cash generation and a constructive earnings outlook focused on free cash flow, synergies, and deleveraging, supported by ongoing capital returns. It’s tempered by meaningful leverage and volatile/declining revenue, plus an overbought technical setup and a valuation that isn’t especially discounted for a cyclical E&P profile.

Positive Factors

Strengthening free cash flow generation

Crescent converted strong operating results into tangible levered free cash flow ($239M in Q4 2025). Durable FCF improves the firm's ability to fund dividends, repurchase shares, pay down debt, and sustain operations across cycles, increasing strategic optionality and financial resilience.

Disciplined M&A and synergy capture

The company materially upgraded portfolio quality via accretive transactions while realizing immediate synergies (> $40M captured, target near $190M). This disciplined deal-making and realized cost saves improve long-term cash-on-cash returns, scale economics and the durability of production cash flows.

Low‑capex minerals/royalties cash flow

A growing minerals and royalties platform provides stable, low-capex cash flow (~$160M annually, ~20% 5-year growth). This creates a diversified, less cyclical income stream that supports deleveraging, dividend capacity and buybacks, bolstering cash stability through commodity swings.

Negative Factors

Elevated leverage relative to peers

Balance-sheet leverage remains meaningful (debt roughly comparable to equity and net LTM leverage ~1.5x), constraining financial flexibility in commodity downturns. Elevated debt increases refinancing and covenant risk, limiting capital allocation and making sustained deleveraging a priority to reduce cyclical vulnerability.

Flat near‑term oil production and legacy declines

Guidance for flat 2026 oil output and base declines above target reduce growth optionality and force sustained reinvestment just to maintain volumes. This dynamic limits production-led upside, heightens sensitivity to commodity prices, and raises execution risk to sustainably restore decline rates toward targets.

Higher Permian well costs and integration drag

Above-peer Permian drilling and completion costs and near-term integration drag from Vital compress margins and delay production uplift. If execution fails to lower well costs or accelerate Vital recompletion/drilling, returns per dollar invested will remain pressured, slowing payback and deleveraging progress.

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 Ford, Rockies, Barnett, Permian, Mid-Con, and other basins in the United States. As of December 31, 2021, it had 1,528 gross undrilled locations, including 567 gross operated drilling locations; and 531.6 net million barrels of oil equivalent of proved reserves. The company was founded in 2020 and is based in Houston, Texas.

How the Company Makes Money

Crescent Energy generates revenue primarily through the sale of crude oil, natural gas, and natural gas liquids produced from its wells. The company’s revenue model is largely driven by the volume of production and prevailing market prices for these commodities. Key revenue streams include direct sales to energy companies, refiners, and marketers, as well as contracts for pipeline transportation and processing of hydrocarbons. Additionally, Crescent Energy may engage in hedging activities to mitigate price volatility and secure more predictable cash flows. Strategic partnerships with other energy firms and service providers also contribute to operational efficiency and cost management, enhancing overall profitability.

Crescent Energy Company Class A Financial Statement Overview

Summary

Fundamentals improved entering 2025 with net income turning positive and operating cash flow/free cash flow strengthening. Offsetting this, revenue has been volatile with a material 2025 decline, and leverage remains elevated for a cyclical commodity business—raising downside risk if pricing weakens.

Income Statement

Profitability improved in 2025 with net income turning positive (vs. a loss in 2024) and EBITDA margin remaining healthy, supported by very strong gross margins. However, revenue has been volatile and declined materially in 2025 after growth in 2024, and net margins remain thin for the sector—highlighting sensitivity to commodity prices and/or realized pricing.

Balance Sheet

Leverage is elevated with debt running around equity (debt-to-equity roughly ~1.0–1.6 in recent years), which can pressure flexibility in weaker pricing environments. While equity has grown versus earlier years and returns on equity recovered to positive in 2025, profitability relative to the capital base is still modest and the balance sheet carries meaningful debt risk for a cyclical business.

Cash Flow

Cash generation strengthened notably in 2025 with high operating cash flow and free cash flow turning solidly positive, and cash flow meaningfully exceeding reported earnings—suggesting good cash conversion. The key weakness is variability: free cash flow was negative in multiple prior years (including 2023–2024), indicating cash returns may be inconsistent through the cycle.

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	5.19B	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	20.18M	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

• Technical Analysis Sentiment: Positive
• Last Price: 11.51
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: 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 11.51 is above the 20-day moving average (MA) of 10.54, above the 50-day MA of 9.35, and above the 200-day MA of 9.03, indicating a bullish trend. The MACD of 0.58 indicates Negative momentum. The RSI at 63.25 is Neutral, neither overbought nor oversold. The STOCH value of 69.65 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MNR	81 Outperform	$2.17B	-11.69	6.68%	17.48%	9.33%	―
BSM	80 Outperform	$3.17B	9.38	26.57%	9.94%	-0.75%	-29.40%
NOG	70 Outperform	$2.76B	54.12	1.74%	8.18%	1.51%	-78.38%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
CRGY	62 Neutral	$3.69B	15.28	3.21%	5.78%	32.31%	-122.30%
TALO	61 Neutral	$2.21B	-3.89	-20.06%	―	-0.02%	-473.61%
BKV	61 Neutral	$3.05B	14.44	9.58%	―	31.67%	―

Crescent Energy Company Class A Corporate Events

Crescent Energy Plans Convertible Notes Offering and Debt Redemption

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, which may be converted into cash, Class A common stock or a mix of both, form part of a broader capital structure strategy that includes entering capped call transactions to limit potential equity dilution.

Crescent intends to use remaining proceeds from the offering, alongside borrowings under its undrawn revolving credit facility, to redeem all outstanding 9.250% senior notes due 2028 issued by Crescent Energy Finance LLC, with a conditional redemption targeted on or about March 12, 2026. The company also disclosed robust liquidity, a sizable commodity hedging book and NYMEX price-based reserve metrics, underscoring efforts to reduce interest costs, manage risk through derivatives and strengthen its balance sheet following recent acquisitions.

The most recent analyst rating on (CRGY) stock is a Buy with a $13.00 price target. To see the full list of analyst forecasts on Crescent Energy Company Class A stock, see the CRGY Stock Forecast page.

Crescent Energy Announces Eagle Ford Deals and 2026 Outlook

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 guidance. The company generated $167 million in net income and exited 2025 with a Net LTM Leverage ratio of 1.5x and about $2 billion of liquidity, subsequently using $714 million of divestiture proceeds to reduce revolver borrowings to immaterial levels.

The company executed roughly $5 billion of acquisitions and divestitures in 2025, including a $905 million Central Eagle Ford deal, a $3.1 billion all-stock acquisition of Vital Energy in the Permian and more than $900 million of non-core asset sales, materially upgrading portfolio quality and basin focus. On February 25, 2026, Crescent also announced two Eagle Ford minerals acquisitions totaling about $355 million and issued 2026 guidance featuring higher production of 320–335 MBoe/d, a flexible 6–7 rig program and an expanded $400 million share repurchase authorization alongside a $0.12 per-share fourth-quarter 2025 dividend payable on March 25, 2026.

The most recent analyst rating on (CRGY) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on Crescent Energy Company Class A stock, see the CRGY Stock Forecast page.

Crescent Energy refinances notes and reshapes capital structure

On the Settlement Date, a Crescent Energy subsidiary issued $294.8 million of senior unsecured notes maturing July 31, 2029, with a 7.75% coupon, and $237.2 million of senior unsecured notes maturing October 15, 2030, with a 9.75% coupon, both fully and unconditionally guaranteed on a senior unsecured basis by existing subsidiary guarantors under the group’s revolving credit facility but not by the listed parent company or OpCo. The new Crescent 2029 and 2030 notes, which were issued in exchange for existing Vital notes in unregistered exchange offers, include standard high‑yield features such as optional redemption schedules, change‑of‑control repurchase rights, leverage‑ and payout‑restricting covenants, and acceleration upon events of default, while concurrent supplemental indentures for the Vital notes, effective as of December 12, 2025, removed certain restrictive covenants, collectively reshaping the group’s capital structure and covenant package for noteholders.

The most recent analyst rating on (CRGY) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on Crescent Energy Company Class A stock, see the CRGY Stock Forecast page.

Crescent Energy Completes Acquisition of Vital Energy

On December 15, 2025, Crescent Energy Company announced the completion of its acquisition of Vital Energy, Inc., positioning itself as a leading independent exploration and production company. This all-stock transaction enhances Crescent’s free cash flow profile and operational scale, with the company focusing on integrating new assets and personnel to realize synergies and long-term value creation for shareholders. The governance update includes the appointment of former Vital Energy directors to Crescent’s board, strengthening its expertise.

The most recent analyst rating on (CRGY) stock is a Hold with a $12.00 price target. To see the full list of analyst forecasts on Crescent Energy Company Class A stock, see the CRGY Stock Forecast page.