CRGY on NYSE
Crescent Energy Co
American crude petroleum and natural gas company based in Houston.
Price unavailable
Last updated Oct 18, 2026.
Overview
Compare with Matador Resources Co, SM Energy or Range Resources, or pick any stock.
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
6.4%Operating margin3
3.7%Net margin3
22.1%Revenue growth, 20253
2.6%Return on equity3
1.07×Debt to equity3
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Oil brought in 66% of the revenue Crescent Energy Co broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Oil | $1.8B | $2.1B | $2.4B |
| Natural Gas, Production | $371.1M | $349.9M | $673.5M |
| Natural Gas Liquids (NGL) | $192.9M | $317.0M | $390.6M |
| Midstream And Other | $67.7M | $133.7M | $142.9M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs95¢$3.4B
- Income tax1¢$34.5M
- Profit4¢$132.9M
Out of $3.6B in revenue.3
Where each dollar of operating cash went, fiscal 2025
- Dividends paid7¢$115.1M
- Share buybacks2¢$33.5M
- Kept or used elsewhere91¢$1.5B
Out of $1.7B of cash from operations.3
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Total revenues | $3.6B | $2.9B | $2.4B |
| Lease and asset operating expense | $767.8M | $632.0M | $582.0M |
| Workover expense | $74.5M | $60.3M | $58.4M |
| Gathering, processing and transportation | $408.9M | $312.9M | $235.2M |
| Production and other taxes | $219.4M | $162.6M | $163.0M |
| Depreciation, depletion and amortization | $1.2B | $949.5M | $675.8M |
| Impairment expense | $254.6M | $161.5M | $153.5M |
| Exploration expense | $16.8M | $16.6M | $9.3M |
| Midstream and other operating expense | $116.9M | $110.1M | $39.8M |
| General and administrative expense | $472.2M | $336.2M | $140.9M |
| (Gain) loss on sale of assets | -$147.5M | -$29.4M | $0 |
| Total expenses | $3.4B | $2.7B | $2.1B |
| Income (loss) from operations | $229.3M | $218.5M | $324.7M |
| Gain (loss) on derivatives | $302.9M | -$114.3M | $167.0M |
| Interest expense | -$298.4M | -$216.3M | -$145.8M |
| Loss from extinguishment of debt | -$29.2M | -$59.1M | $0 |
| Other income (expense) | -$5.0M | $1.8M | -$282.0K |
| Income (loss) from equity affiliates | $2.2M | $729.0K | -$413.0K |
| Total other income (expense) | -$27.6M | -$387.2M | $20.5M |
| Income (loss) before taxes | $201.7M | -$168.8M | $345.2M |
| Income tax benefit (expense) | -$34.5M | $31.1M | -$23.2M |
| Net income (loss) | $167.2M | -$137.7M | $322.0M |
| Less: net (income) loss attributable to noncontrolling interests | -$20.2M | $1.2M | -$472.0K |
| Less: net (income) loss attributable to redeemable noncontrolling interests | -$14.1M | $21.9M | -$253.9M |
| Net income (loss) attributable to Crescent Energy | $132.9M | -$114.6M | $67.6M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $10.2M | $132.8M | $3.0M | |
| Restricted cash | $725.7M | $5.5M | $261.0K | |
| Derivative assets current | $322.8M | $53.3M | ||
| Prepaid expenses | $46.3M | $42.6M | ||
| Other current assets | $13.3M | $11.6M | ||
| Total current assets | $1.9B | $788.1M | ||
| Proved | $13.3B | $11.5B | ||
| Unproved | $413.4M | $374.3M | ||
| Oil and natural gas properties at cost, successful efforts method | $13.7B | $11.8B | ||
| Field and other property and equipment, at cost | $157.0M | $226.9M | ||
| Total property, plant and equipment | $13.8B | $12.1B | ||
| Less: accumulated depreciation, depletion, amortization and impairment | -$3.6B | -$3.9B | ||
| Property, plant and equipment, net | $10.3B | $8.1B | ||
| Derivative assets noncurrent | $2.8M | $6.7M | ||
| Investments in equity affiliates | $8.1M | $13.8M | ||
| Deferred tax asset | $143.7M | $0 | ||
| Other assets | $151.5M | $207.0M | ||
| TOTAL ASSETS | $12.4B | $9.2B | ||
| Derivative liabilities current | $0 | $2.7M | ||
| Financing lease obligations current | $4.9M | $3.6M | ||
| Other current liabilities | $86.6M | $62.3M | ||
| Total current liabilities | $1.3B | $827.4M | ||
| Long-term debt | $5.5B | $3.0B | ||
| Derivative liabilities noncurrent | $13.4M | $37.7M | ||
| Asset retirement obligations | $383.1M | $448.9M | ||
| Deferred tax liability | $11.7M | $370.3M | ||
| Financing lease obligations noncurrent | $3.2M | $3.5M | ||
| Other liabilities | $82.8M | $55.5M | ||
| Total liabilities | $7.3B | $4.8B | ||
| Redeemable noncontrolling interests | $0 | $1.2B | $1.9B | $2.4B |
| Preferred stock, $0.0001 par value; 500,000,000 shares authorized and 1,000 Series I preferred shares issued and outstanding as of December 31, 2025 and 2024 | $0 | $0 | ||
| Treasury stock, at cost; 7,079,021 and 2,434,484 shares of Class A common stock as of December 31, 2025 and 2024, respectively | -$71.1M | -$32.4M | ||
| Additional paid-in capital | $5.2B | $3.2B | ||
| Retained earnings (accumulated deficit) | $0 | -$64.8M | ||
| Noncontrolling interests | $7.5M | $9.3M | ||
| Total equity | $5.2B | $3.1B | $1.7B | $862.3M |
| TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY | $12.4B | $9.2B | ||
| Preferred stock, par value (in USD per share) | $0.00 | $0.00 | ||
| Preferred stock authorized (in shares) | 500.0M shares | 500.0M shares | ||
| Preferred stock issued (in shares) | 1.0K shares | 1.0K shares | ||
| Preferred stock outstanding (in shares) | 1.0K shares | 1.0K shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $10.2M | $132.8M | $3.0M | |
| Restricted cash | $725.7M | $5.5M | $261.0K | |
| Derivative assets current | $322.8M | $53.3M | ||
| Prepaid expenses | $46.3M | $42.6M | ||
| Other current assets | $13.3M | $11.6M | ||
| Total current assets | $1.9B | $788.1M | ||
| Proved | $13.3B | $11.5B | ||
| Unproved | $413.4M | $374.3M | ||
| Oil and natural gas properties at cost, successful efforts method | $13.7B | $11.8B | ||
| Field and other property and equipment, at cost | $157.0M | $226.9M | ||
| Total property, plant and equipment | $13.8B | $12.1B | ||
| Less: accumulated depreciation, depletion, amortization and impairment | -$3.6B | -$3.9B | ||
| Property, plant and equipment, net | $10.3B | $8.1B | ||
| Derivative assets noncurrent | $2.8M | $6.7M | ||
| Investments in equity affiliates | $8.1M | $13.8M | ||
| Deferred tax asset | $143.7M | $0 | ||
| Other assets | $151.5M | $207.0M | ||
| TOTAL ASSETS | $12.4B | $9.2B | ||
| Derivative liabilities current | $0 | $2.7M | ||
| Financing lease obligations current | $4.9M | $3.6M | ||
| Other current liabilities | $86.6M | $62.3M | ||
| Total current liabilities | $1.3B | $827.4M | ||
| Long-term debt | $5.5B | $3.0B | ||
| Derivative liabilities noncurrent | $13.4M | $37.7M | ||
| Asset retirement obligations | $383.1M | $448.9M | ||
| Deferred tax liability | $11.7M | $370.3M | ||
| Financing lease obligations noncurrent | $3.2M | $3.5M | ||
| Other liabilities | $82.8M | $55.5M | ||
| Total liabilities | $7.3B | $4.8B | ||
| Redeemable noncontrolling interests | $0 | $1.2B | $1.9B | $2.4B |
| Preferred stock, $0.0001 par value; 500,000,000 shares authorized and 1,000 Series I preferred shares issued and outstanding as of December 31, 2025 and 2024 | $0 | $0 | ||
| Treasury stock, at cost; 7,079,021 and 2,434,484 shares of Class A common stock as of December 31, 2025 and 2024, respectively | -$71.1M | -$32.4M | ||
| Additional paid-in capital | $5.2B | $3.2B | ||
| Retained earnings (accumulated deficit) | $0 | -$64.8M | ||
| Noncontrolling interests | $7.5M | $9.3M | ||
| Total equity | $5.2B | $3.1B | $1.7B | $862.3M |
| TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY | $12.4B | $9.2B | ||
| Preferred stock, par value (in USD per share) | $0.00 | $0.00 | ||
| Preferred stock authorized (in shares) | 500.0M shares | 500.0M shares | ||
| Preferred stock issued (in shares) | 1.0K shares | 1.0K shares | ||
| Preferred stock outstanding (in shares) | 1.0K shares | 1.0K shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income (loss) | $167.2M | -$137.7M | $322.0M |
| Depreciation, depletion and amortization | $1.2B | $949.5M | $675.8M |
| Impairment expense | $254.6M | $161.5M | $153.5M |
| Deferred income tax expense (benefit) | $35.7M | -$35.9M | $22.7M |
| (Gain) loss on sale of assets | -$147.5M | -$29.4M | $0 |
| (Gain) loss on derivatives | -$302.9M | $114.3M | -$167.0M |
| Net cash (paid) received on settlement of derivatives | $81.6M | -$35.9M | -$153.7M |
| Non-cash equity-based compensation expense | $245.5M | $185.6M | $82.9M |
| Amortization of debt issuance costs, premium and discount | $14.5M | $13.4M | $12.8M |
| Loss from debt extinguishment | $29.2M | $59.1M | $0 |
| Settlement of acquired derivative contracts | $83.1M | $60.8M | -$61.5M |
| Other | -$29.2M | -$32.6M | -$24.2M |
| Accounts receivable | $69.3M | $111.4M | -$42.1M |
| Accounts receivable affiliates | $2.4M | -$4.7M | $573.0K |
| Prepaid and other current assets | $12.5M | $3.2M | -$6.5M |
| Accounts payable and accrued liabilities | -$32.0M | -$128.0M | $91.8M |
| Accounts payable affiliates | $32.5M | -$25.1M | $20.8M |
| Other | -$3.2M | -$6.4M | $7.8M |
| Net cash provided by operating activities | $1.7B | $1.2B | $935.8M |
| Development of oil and natural gas properties | -$951.0M | -$685.7M | -$581.4M |
| Acquisitions of oil and natural gas properties, net of cash acquired | -$818.9M | -$558.6M | -$849.3M |
| Proceeds from the sale of oil and natural gas properties | $847.1M | $54.8M | $28.9M |
| Purchases of restricted investment securities HTM | -$23.4M | -$7.1M | -$12.4M |
| Maturities of restricted investment securities HTM | $23.4M | $7.2M | $12.5M |
| Other | $0 | -$8.9M | $2.8M |
| Net cash used in investing activities | -$922.7M | -$1.2B | -$1.4B |
| Proceeds from the issuance of Senior Notes, after premium, discount and underwriting fees | $591.8M | $2.1B | $984.6M |
| Repurchase of Senior Notes, including extinguishment costs | -$522.4M | -$714.8M | $0 |
| Payment of debt issuance costs | -$9.7M | -$28.0M | -$7.2M |
| Settlement of acquired deferred acquisition consideration | $0 | -$75.0M | $0 |
| Proceeds from the Equity Issuances after underwriting fees | $0 | $330.6M | $145.7M |
| Payment of costs related to the Equity Issuances | $0 | -$1.3M | -$2.3M |
| Redeemable noncontrolling interest contributions | $0 | $0 | $1.2M |
| Redeemable noncontrolling interest distributions | $0 | -$293.0K | -$417.0K |
| Dividend to Class A common stock | -$115.1M | -$65.1M | -$34.1M |
| Cash distributions to redeemable noncontrolling interests initiated by Class A common stock dividend | -$7.6M | -$32.0M | -$56.3M |
| Cash distributions to redeemable noncontrolling interests initiated by Manager Compensation | -$8.8M | -$22.2M | -$33.2M |
| Cash distributions to redeemable noncontrolling interests initiated by income taxes | -$1.1M | -$458.0K | -$798.0K |
| Noncontrolling interest distributions | -$8.4M | -$10.1M | -$2.5M |
| Noncontrolling interest contributions | $0 | $4.3M | $1.8M |
| Cash paid for treasury stock acquired for equity-based compensation tax withholding | -$5.2M | -$7.5M | -$72.0K |
| Repurchases of Class A common stock | -$33.5M | -$7.8M | $0 |
| Other | -$4.0M | -$4.1M | -$3.9M |
| Net cash provided by (used in) financing activities | -$245.1M | $207.4M | $456.5M |
| Net change in cash, cash equivalents and restricted cash | $512.4M | $232.2M | -$6.6M |
No quarter-by-quarter statement was filed.
Leadership
Who has led Crescent Energy Co, and when. Pick a name to see everywhere that person has worked.
- Chief executive officerDavid C. Rockecharlie Dec 7, 2021 to now10
- Chief financial officerBrandi Kendall Dec 7, 2021 to now11
Board members and other officers (20)
- OfficerBrandi Kendall Jun 12, 2023 to now12
- OfficerDavid C. Rockecharlie Jun 12, 2023 to now13
- OfficerBo Shi Mar 10, 2022 to now14
- Executive Vice PresidentBenjamin Conner Dec 7, 2021 to Nov 22, 202215
- Executive Vice PresidentJohn Clayton Rynd Dec 7, 2021 to now16
- Chief Accounting OfficerTodd Falk Dec 7, 2021 to now17
- Board memberConrad Langenhagen V. May 14, 2025 to now18
- Board memberJarvis Hollingsworth V. Dec 19, 2025 to now19
- Board memberWilliam E. Albrecht Dec 19, 2025 to now20
- Board memberMarcus C. Rowland Aug 1, 2024 to now21
- Board memberMichael Duginski Aug 1, 2024 to now22
- Board memberBevin Brown Dec 7, 2021 to now23
- Board memberBrandi Kendall Dec 7, 2021 to now11
- Board memberClaire S. Farley Dec 7, 2021 to now24
- Board memberDavid C. Rockecharlie Dec 7, 2021 to now10
- Board memberEllis L. McCain Dec 7, 2021 to now25
- Board memberErich Bobinsky Dec 7, 2021 to now26
- Board memberJohn C. Goff Dec 7, 2021 to now27
- Board memberKaren Jo Simon Dec 7, 2021 to now28
- Board memberRobert G. Gwin Dec 7, 2021 to now29
Former names
- IE PubCo Inc.Jun 8, 2021 to Nov 22, 20212
Timeline
Filings
428 filings to the SEC since October 2021: 5 annual reports, 14 quarterly reports, 105 major events, 169 insider forms, 46 large holders, 89 other. The latest 20:
- Oct 15, 20268-K EDGAR
- Oct 13, 2026424B3 EDGAR
- Oct 13, 2026SCHEDULE 13D/A EDGAR
- Oct 9, 20268-K EDGAR
- Oct 8, 2026424B3 EDGAR
- Oct 8, 2026S-3ASR EDGAR
- Oct 8, 20268-K EDGAR
- Oct 8, 2026SCHEDULE 13G EDGAR
- Sep 25, 20264 EDGAR
- Sep 25, 20264 EDGAR
- Sep 25, 20264 EDGAR
- Aug 18, 20264 EDGAR
- Aug 7, 2026SCHEDULE 13G EDGAR
- Aug 3, 202610-Q EDGAR
- Aug 3, 20268-K EDGAR
- Jul 27, 2026SCHEDULE 13G/A EDGAR
- Jul 8, 20268-K EDGAR
- Jul 8, 2026SD EDGAR
- Jun 4, 20264 EDGAR
- May 22, 20268-K EDGAR
The 428 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last three years, summarized. The full record is on SEC EDGAR.
Insider trades and holders
Large holders
Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 46 such filings since October 2021, the latest 10:
- Oct 13, 2026SCHEDULE 13D/A
- Oct 8, 2026SCHEDULE 13G
- Aug 7, 2026SCHEDULE 13G
- Jul 27, 2026SCHEDULE 13G/A
- May 11, 2026SCHEDULE 13D/A
- May 1, 2026SCHEDULE 13G/A
- Apr 29, 2026SCHEDULE 13G
- Mar 26, 2026SCHEDULE 13G/A
- Dec 22, 2025SCHEDULE 13D/A
- Aug 27, 2025SCHEDULE 13D/A
From Forms 4 and Schedules 13D and 13G filed with the SEC.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| BlackRock, Inc. | 38,716,409 | $380.2M | 0.0% | +1,359,062 |
| Kohlberg Kravis Roberts & Co. L.P. | 28,655,357 | $281.4M | 5.2% | No change |
| American Century Companies Inc | 17,958,226 | $176.3M | 0.1% | +671,779 |
| Vanguard Portfolio Management LLC | 17,244,762 | $169.3M | 0.0% | +1,017,520 |
| Goldman Sachs Group Inc | 16,912,550 | $166.1M | 0.0% | +8,602,274 |
| State Street Corp | 16,551,114 | $162.5M | 0.0% | +465,744 |
| Dimensional Fund Advisors LP | 16,311,619 | $160.2M | 0.0% | +3,140,586 |
| Vanguard Capital Management LLC | 11,999,515 | $117.8M | 0.0% | +677,100 |
| Invesco Ltd. | 8,778,114 | $86.2M | 0.0% | +198,785 |
| Jennison Associates LLC | 7,589,933 | $74.5M | 0.0% | +3,335,526 |
| Geode Capital Management, LLC | 6,499,983 | $63.8M | 0.0% | +401,337 |
| Two Sigma Investments, LP | 5,623,753 | $55.2M | 0.0% | +3,835,830 |
| Charles Schwab Investment Management Inc | 5,114,028 | $50.2M | 0.0% | −333,657 |
| Bank of New York Mellon Corp | 4,459,464 | $43.8M | 0.0% | +193,993 |
| Liberty Mutual Group Asset Management Inc. | 4,254,746 | $41.8M | 3.6% | −32,600,000 |
| Assenagon Asset Management S.A. | 3,954,208 | $38.8M | 0.0% | New |
| Morgan Stanley | 3,434,358 | $33.7M | 0.0% | +310,784 |
| Pickering Energy Partners LP | 3,203,978 | $31.5M | 87.4% | +61,500 |
| Citadel Advisors LLC | 3,186,604 | $31.3M | 0.0% | +3,097,467 |
| Hotchkis & Wiley Capital Management LLC | 2,883,335 | $28.3M | 0.1% | +318,050 |
| Segall Bryant & Hamill, LLC | 2,714,204 | $26.7M | 0.3% | +120,052 |
| Northern Trust Corp | 2,517,949 | $24.7M | 0.0% | +178,657 |
| Miller Value Partners, LLC | 2,092,679 | $20.6M | 4.9% | +89,547 |
| Wells Fargo & Company/mn | 2,039,694 | $20.0M | 0.0% | +1,530,917 |
| Nomura Holdings Inc | 1,822,936 | $17.9M | 0.1% | +1,810,719 |
13F reports cover disclosed long positions in U.S. stocks only.
Members of Congress who traded it
4 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| Jun 24, 2025 | Lisa C. McClainRepublican, House | Sale | $1,001 - $15,000 | −29.8% | Report |
| Jun 9, 2025 | Lisa C. McClainRepublican, House | Buy | $1,001 - $15,000 | +23.0% | Report |
| Dec 12, 2022 | Christopher L. Jacobs, House | Sale | $1,001 - $15,000 | +81.2% | Report |
| Jul 18, 2022 | Christopher L. Jacobs, House | Buy | $1,001 - $15,000 | −95.7% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
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- 11
- 12SEC EDGARBrandi Kendall, Officer
- 13SEC EDGARDavid C. Rockecharlie, Officer
- 14SEC EDGARBo Shi, Officer
- 15
- 16
- 17SEC EDGARTodd Falk, Chief Accounting Officer
- 18SEC EDGARConrad Langenhagen V., Board member
- 19
- 20SEC EDGARWilliam E. Albrecht, Board member
- 21SEC EDGARMarcus C. Rowland, Board member
- 22SEC EDGARMichael Duginski, Board member
- 23SEC EDGARBevin Brown, Board member
- 24SEC EDGARClaire S. Farley, Board member
- 25SEC EDGAREllis L. McCain, Board member
- 26SEC EDGARErich Bobinsky, Board member
- 27SEC EDGARJohn C. Goff, Board member
- 28SEC EDGARKaren Jo Simon, Board member
- 29SEC EDGARRobert G. Gwin, Board member
- 30