Crescent Energy Company Class A Common Stock (CRGY) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.59	$0.69	+16.9%	—	$1.4B	—
Q1 26	$0.36	$0.53	+47.2%	—	$1.2B	—
Q4 25	$0.33	$0.49	+48.5%	—	$865M	—
Q3 25	$0.31	$0.35	+12.9%	—	$866.6M	—
Q2 25	$0.31	$0.43	+38.7%	—	$898M	—
Q1 25	$0.44	$0.56	+27.3%	—	$950.2M	—
Q4 24	$0.4	$0.78	+95.0%	—	$875.3M	—
Q3 24	$0.29	$0.56	+93.1%	—	$744.9M	—
Q2 24	$0.3	$0.5	+66.7%	—	$653.3M	—
Q1 24	$0.22	$0.88	+300.0%	—	$657.5M	—
Q4 23	$0.2	$0.58	+190.0%	—	$657.7M	—
Q3 23	$0.27	-$0.67	-348.1%	—	$642.4M	—
Q2 23	$0.14	$0.11	-21.4%	—	$492.3M	—
Q1 23	$0.25	$1.24	+396.0%	—	$590.1M	—
Q4 22	$0.58	$1.34	+131.0%	—	$684.8M	—
Q3 22	$0.89	$2.74	+207.9%	—	$865M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$0.55	—	—	$3.6B	—
FY24	—	-$0.88	—	—	$2.9B	—
FY23	—	$1.02	—	—	$2.4B	—
FY22	—	$2.2	—	—	$3.1B	—
FY21

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1.2B	$1.1B	$754.2M	$1.5B	$3.1B	$2.4B	$2.9B	$3.6B
YoY change	—	-9.33%	-30.6%	+95.8%	+107%	-22.1%	+23%	+22.1%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1.2B	1.1B	754.2M	1.5B	3.1B	2.4B	2.9B	3.6B
Cost of revenue	246.2M	255.1M	202.2M	243.5M	438.8M	495.4M	528.8M	767.8M
Gross profit	952.9M	832.1M	552M	1.2B	2.6B	1.9B	2.4B	2.8B
Gross margin	79.5%	76.5%	73.2%	83.5%	85.6%	79.2%	82%	78.6%
Research & development	—	—	—	—	—	—	—	—
Selling, general & administrative	156.7M	154.4M	196M	276.2M	320.9M	428.5M	639.6M	780.8M
Operating expenses	214.6M	205.2M	245M	336.8M	416.5M	564.2M	869.5M	989M
Operating income	379.7M	227.1M	-126.4M	474.9M	1.4B	484.3M	420.5M	436.6M
Operating margin	31.7%	20.9%	-16.8%	32.2%	46.8%	20.3%	14.3%	12.2%
Non-operating income, net	46M	-126.8M	-51.6M	-856.7M	-817.7M	6.8M	-372.9M	63.5M
Pretax income	377.3M	46.7M	-216.1M	-432.5M	516.9M	345.2M	-168.8M	201.7M
Income tax	220K	28K	14K	-306K	36.3M	23.2M	-31.1M	34.5M
Net income	377.1M	870K	-97.5M	-93.1M	480.6M	322M	-137.7M	167.2M
Net margin	31.4%	0.08%	-12.9%	-6.3%	15.7%	13.5%	-4.7%	4.67%
EBITDA	648.6M	538.7M	246.2M	788.2M	2B	1.2B	1.4B	1.6B
EPS	6.47	0	0	-0.46	2.2	1.02	-0.88	0.55
Diluted EPS	6.47	0	0	-0.46	2.2	1.02	-0.88	0.54

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	642.4M	657.7M	657.5M	653.3M	744.9M	875.3M	950.2M	898M	866.6M	865M	1.2B	1.4B
Cost of revenue	120.8M	130.6M	130.7M	122.5M	129.5M	146.1M	161.6M	160.2M	163.7M	282.4M	234.2M	207.1M
Gross profit	521.6M	527.1M	526.8M	530.8M	615.3M	729.2M	788.6M	737.8M	702.9M	582.7M	948.7M	1.2B
Gross margin	81.2%	80.1%	80.1%	81.3%	82.6%	83.3%	83%	82.2%	81.1%	67.4%	80.2%	85.2%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	120.9M	119.3M	123M	122.1M	211.3M	183.2M	175.8M	248.3M	171.2M	185.6M	187.8M	187M
Operating expenses	156.3M	174.4M	182.1M	178.9M	275M	233.5M	236.3M	303.2M	223.4M	226.2M	201.1M	191.5M
Operating income	142.4M	123.1M	135.6M	108.4M	45.7M	130.7M	209.3M	82.5M	125.6M	19.2M	337.8M	569.3M
Operating margin	22.2%	18.7%	20.6%	16.6%	6.13%	14.9%	22%	9.18%	14.5%	2.22%	28.6%	40.8%
Non-operating income, net	-251.9M	78.4M	-129.5M	15.6M	8.9M	-268M	-127.6M	196.3M	-67.3M	62.1M	-734.7M	194.2M
Pretax income	-151.7M	158.3M	-36.6M	81.7M	-7.2M	-206.7M	8.5M	203.6M	-14.3M	3.9M	-501.4M	663.6M
Income tax	-20.6M	18.3M	-4.2M	11.5M	-1.6M	-36.8M	2.6M	41.1M	-4M	-5.1M	-82.3M	169.9M
Net income	-131.1M	140M	-32.4M	70.2M	-5.6M	-169.9M	5.9M	162.5M	-10.3M	9M	-419.2M	493.7M
Net margin	-20.4%	21.3%	-4.92%	10.7%	-0.75%	-19.4%	0.62%	18.1%	-1.19%	1.04%	-35.4%	35.4%
EBITDA	329.9M	303.7M	312.5M	321.4M	298.8M	439.7M	492.4M	380.1M	425.1M	303.1M	691.5M	927.9M
EPS	-0.67	—	-0.25	0.34	-0.07	-0.7	-0.01	0.61	-0.04	-0.03	-1.28	1.49
Diluted EPS	-0.67	—	-0.25	0.33	-0.07	-0.7	-0.01	0.6	-0.04	-0.03	-1.28	1.3

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	—	—	—	2B	2.3B	—	—	5.1B
Enterprise value	—	—	—	—	3.3B	4B	—	—	9.2B
Shares outstanding	43.1M	43.1M	43.1M	169.5M	168.7M	170.9M	201.2M	258.7M	258.7M

Valuation

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	—	—	4.21	7.01	—	—	162.3
P/S	—	—	—	—	0.66	0.95	—	—	1.18
P/B	—	—	—	—	0.61	0.62	—	—	0.83
EV/EBITDA	—	—	—	—	1.7	3.47	—	—	4.55
EV/Sales	—	—	—	—	1.09	1.69	—	—	2.14
Earnings yield	—	—	—	—	23.8%	14.3%	—	—	0.62%
FCF yield	—	—	—	—	-10.2%	-21.9%	—	—	11.8%
PEG	—	—	—	—	—	—	—	—	1.12

Profitability

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	79.5%	76.5%	73.2%	83.5%	85.6%	79.2%	82%	78.6%	85.2%
Operating margin	31.7%	20.9%	-16.8%	32.2%	46.8%	20.3%	14.3%	12.2%	53.8%
Net margin	31.4%	0.08%	-12.9%	-6.3%	15.7%	13.5%	-4.7%	4.67%	1.27%
ROE	—	0.03%	-3.37%	-3.08%	14.6%	8.86%	-3.15%	3.24%	1.52%
ROA	—	0.02%	-2.49%	-1.8%	7.98%	4.73%	-1.5%	1.34%	3.07%
ROIC	—	6.15%	-3.48%	11.9%	28.8%	8.37%	5.71%	3.33%	4.99%
Return on tangible assets	—	0.02%	-2.49%	-1.86%	7.98%	4.73%	-1.5%	1.34%	0.61%

Financial health

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	—	0.83	1.83	0.78	0.58	0.82	0.95	1.48	0.94
Quick ratio	—	0.83	1.83	0.78	0.58	0.82	0.95	1.48	0.94
Debt / equity	—	0.37	0.27	0.36	0.4	0.49	0.72	1.11	1
Debt / assets	—	0.25	0.2	0.21	0.22	0.26	0.34	0.46	0.44
Net debt / EBITDA	—	1.82	3	1.22	0.67	1.52	2.19	3.56	2.14
Interest coverage	8.8	1.87	-4.67	-7.52	6.39	3.37	0.22	1.68	1.43
Effective tax rate	0.06%	0.06%	0%	0%	7.02%	6.73%	0%	17.1%	51.7%

Per share

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	27.8	25.2	17.5	8.71	18.1	13.9	14.6	13.8	14.6
EPS (basic)	6.47	0	0	-0.46	2.2	1.02	-0.88	0.55	0.55
EPS (diluted)	6.47	0	0	-0.46	2.2	1.02	-0.88	0.54	0.08
Book value per share	—	62.9	67.1	17.8	19.6	21.3	21.7	20	15.6
FCF per share	-27.8	3.41	6.61	-0.22	-1.23	-2.9	-0.11	-0.35	1.43
Cash per share	—	0.46	0.86	0.76	0	0.02	0.66	0.04	0.8
Capex per share	37.5	7.49	2.71	1.45	6.67	8.2	5.91	—	—

Capital allocation

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	134.8%	29.7%	15.5%	16.6%	36.8%	58.8%	40.6%	—	—
Capex / operating cash flow	252%	90.9%	34.8%	-36.9%	347.5%	137.8%	139.4%	—	—
Payout ratio	45.8%	14.3K%	-63%	-38%	5.72%	10.6%	-47.3%	68.9%	600%
Dividend yield	—	—	—	—	1.36%	1.51%	—	—	3.7%

Yield

3.7%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.12

ex-dividend Aug 17, 2026

Payout ratio

600%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 17, 2026	$0.12
May 18, 2026	$0.12
Mar 11, 2026	$0.12
Nov 17, 2025	$0.12
Aug 18, 2025	$0.12
May 19, 2025	$0.12
Mar 12, 2025	$0.12
Nov 18, 2024	$0.12

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	19.9M	36.9M	128.6M	0	3M	132.8M	10.2M
Receivables	103.3M	111.8M	342.2M	459.8M	506.7M	542.3M	742.8M
Inventory	—	—	—	—	—	—	—
Total current assets	165.8M	220.4M	479.6M	516.7M	615.7M	788.1M	1.9B
Property, plant & equipment	-1.1B	-1.7B	-1.9B	-2.2B	-2.9B	20B	24B
Goodwill & intangibles	—	0	153.1M	0	—	—	—
Total assets	4B	3.9B	5.2B	6B	6.8B	9.2B	12.4B
Accounts payable	62.6M	24M	110.6M	144.6M	202.6M	91.5M	208.9M
Short-term debt	28.7M	23.7M	56.8M	61.7M	63.1M	80.6M	182.2M
Total current liabilities	200.9M	120.7M	616.1M	893.7M	750.3M	827.4M	1.3B
Long-term debt	972.1M	751.1M	1B	1.3B	1.7B	3.1B	5.5B
Total liabilities	1.3B	1B	2.1B	2.7B	3.2B	4.8B	7.3B
Shareholders' equity	2.7B	2.9B	3B	3.3B	3.6B	4.4B	5.2B
Total debt	1B	774.8M	1.1B	1.3B	1.8B	3.1B	5.7B
Net debt	980.9M	737.9M	962.2M	1.3B	1.8B	3B	5.7B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	228.6M	3M	5.3M	778.1M	136.2M	132.8M	6.3M	3.1M	3.5M	10.2M	9.8M	264.9M
Receivables	579.1M	506.7M	469.7M	481M	508.6M	542.3M	612.8M	596.3M	524.6M	742.8M	787.9M	668.8M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	903.1M	615.7M	563.8M	1.3B	864.7M	788.1M	679.3M	753.3M	702.7M	1.9B	896.4M	1.1B
Property, plant & equipment	14.5B	-2.9B	15.2B	15.2B	19.7B	20B	22.1B	22.1B	22.2B	24B	25.1B	25.3B
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	7B	6.8B	6.8B	7.5B	9.3B	9.2B	9.9B	9.9B	9.7B	12.4B	12B	12B
Accounts payable	154.9M	202.6M	183.7M	124.3M	129.1M	91.5M	123.7M	133.9M	151.1M	208.9M	239.7M	174.2M
Short-term debt	74.3M	63.1M	76.2M	85.5M	107.3M	80.6M	81.8M	100.5M	119.7M	182.2M	131.2M	111.2M
Total current liabilities	880.8M	750.3M	748.1M	712.3M	929.8M	827.4M	870.2M	851.6M	864.2M	1.3B	1.6B	1.2B
Long-term debt	1.9B	1.7B	1.8B	2.4B	3.2B	3.1B	3.6B	3.4B	3.2B	5.5B	5.2B	5.2B
Total liabilities	3.5B	3.2B	3.3B	3.9B	5.1B	4.8B	5.4B	5.4B	5.2B	7.3B	7.3B	6.8B
Shareholders' equity	3.5B	3.6B	3.5B	3.6B	4.2B	4.4B	4.4B	4.5B	4.5B	5.2B	4.7B	5.2B
Total debt	2B	1.8B	1.8B	2.5B	3.3B	3.1B	3.7B	3.5B	3.3B	5.7B	5.4B	5.3B
Net debt	1.8B	1.8B	1.8B	1.7B	3.2B	3B	3.7B	3.5B	3.3B	5.7B	5.4B	5B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	377.1M	46.7M	-216.1M	-432.2M	480.6M	322M	-137.7M	167.2M
Depreciation & amortization	267.9M	311.2M	372.3M	312.8M	532.9M	675.8M	949.5M	1.2B
Stock-based compensation	8M	-2.7M	-797K	39.9M	38.1M	82.9M	185.6M	245.5M
Change in working capital	-15.1M	18.4M	-11.2M	-57.6M	16.7M	78.9M	-52.9M	69M
Operating cash flow	641.2M	355.3M	335.6M	-664.1M	324.1M	1B	853.5M	1.7B
Capital expenditure	-1.6B	-322.8M	-116.8M	-245M	-1.1B	-1.4B	-1.2B	—
Investing cash flow	-1.6B	-328.2M	-124.9M	-244.6M	-1.1B	-1.4B	-1.2B	77K
Dividends paid	-172.8M	-124.8M	-61.4M	-35.3M	-27.5M	-34.1M	-65.1M	-115.1M
Share repurchases	—	0	0	-18.4M	0	—	-15.4M	-38.6M
Financing cash flow	1.1B	-718.1M	-769M	-877.3M	-1.4B	-2.4B	-3B	-4.1B
Net change in cash	140.6M	-691M	-558.3M	-1.8B	-2.2B	-2.7B	-3.3B	-2.4B
Free cash flow	-1.2B	146.9M	284.9M	-37.5M	-207M	-494.8M	-21.2M	-89.8M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	-131.1M	140M	-32.4M	70.2M	-5.6M	-169.9M	5.9M	162.5M	-10.3M	9M	-419.2M	493.7M
Depreciation & amortization	186.5M	182.9M	176.6M	212.4M	251.5M	309M	282.6M	297.1M	298.4M	288.8M	354.1M	358M
Stock-based compensation	29.5M	18.3M	28.2M	22.3M	81.4M	53.7M	26.2M	93.3M	23.8M	102.2M	23.4M	21.3M
Change in working capital	-63.5M	99.2M	-86.9M	40.2M	84.9M	-91.2M	-97M	166.7M	84.1M	8M	-142.3M	—
Operating cash flow	-60.4M	413M	56M	313.7M	401.9M	81.9M	191.7M	499M	473.1M	371M	409.2M	706.8M
Capital expenditure	-692.8M	-332M	-156.3M	-128.6M	-540.7M	-363.9M	-1.1B	—	—	—	—	—
Investing cash flow	-691.3M	-332.6M	-157.5M	-129.1M	-547.8M	-363.9M	-1.1B	-84K	75K	67K	-10.7M	18K
Dividends paid	-9.1M	-11M	-12.6M	-13.4M	-19.6M	-19.5M	-23.5M	-30.6M	-14M	-30.6M	-39.3M	-39.6M
Share repurchases	—	—	—	—	-14.9M	-502K	-5.3M	-28.5M	-58K	-4.7M	-8K	-1.4M
Financing cash flow	689.7M	-1.2B	-23.9M	618.3M	-429.4M	-1.3B	502.7M	-289.3M	-220.9M	-1.4B	-448.2M	-128.3M
Net change in cash	-62M	-1.1B	-125.3M	802.9M	-575.3M	-1.6B	-362.5M	209.6M	252.2M	-1B	-49.7M	578.6M
Free cash flow	-506.4M	-13.8M	27.4M	135.2M	-179.3M	-4.5M	-726.8M	202.4M	199.6M	234.9M	-263M	373.3M

Crescent Energy Company Class A Common Stock Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement