crescent energy is a diversified, well capitalized, u.s. independent energy company with a portfolio of assets in key proven basins across the lower 48 states. our core leadership team is a group of experienced investment, financial and industry professionals who continue to execute on the strategy we have employed since 2011. our mission is to invest in energy assets and deliver better returns, operations and stewardship. we seek to deliver attractive risk-adjusted investment returns and predictable cash flows across cycles with a focus on operated oil and gas assets and complemented by non‐operated assets, mineral and royalty interests and midstream infrastructure. our approach includes: o employing a differentiated business model combining the best of an investor mindset and deep operational expertise o investing capital with discipline and a focus on cash flow o acquiring and developing a portfolio of low‐risk energy assets o engaging key environmental, social and governance (esg)
Company profile
Ticker
CRGY
Exchange
Website
CEO
David C. Rockecharlie
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
IE PubCo Inc.
SEC CIK
Corporate docs
Subsidiaries
Bridge Energy Holdings LLC • Bridge Energy LLC • Bridge Energy Management LLC • CMP Legacy Co. LLC • CMP Venture Co. LLC • CMP Crescent Minerals I (Gray) LLC • Colt Admiral A Holding GP LLC • Colt Admiral A Holding L.P. • Contango AgentCo Onshore, Inc. • Contango Alta Investments, LLC ...
CRGY stock data
Latest filings (excl ownership)
8-K
Entry into a Material Definitive Agreement
12 Apr 24
8-K
Crescent Energy Announces Expiration and Results of Its
28 Mar 24
8-K
Crescent Energy Announces Pricing of $700 Million Private Placement of 7.625% Senior Notes Due 2032
20 Mar 24
8-K
Crescent Energy Announces Offering of $700 Million Private Placement of Senior Notes Due 2032
19 Mar 24
8-K
Crescent Energy Company Announces Secondary Public Offering of Common Stock and Intention to Repurchase OpCo Units
11 Mar 24
424B3
Prospectus supplement
8 Mar 24
424B3
Prospectus supplement
6 Mar 24
S-3ASR
Automatic shelf registration
6 Mar 24
8-K
Unaudited Pro Forma Condensed Combined Statement of Operations
6 Mar 24
10-K
2023 FY
Annual report
4 Mar 24
Transcripts
CRGY
Earnings call transcript
2023 Q3
7 Nov 23
CRGY
Earnings call transcript
2023 Q2
10 Aug 23
CRGY
Earnings call transcript
2023 Q1
11 May 23
CRGY
Earnings call transcript
2022 Q4
8 Mar 23
CRGY
Earnings call transcript
2022 Q3
10 Nov 22
CRGY
Earnings call transcript
2022 Q2
10 Aug 22
CRGY
Earnings call transcript
2022 Q1
11 May 22
CRGY
Earnings call transcript
2021 Q4
10 Mar 22
CRGY
Earnings call transcript
2020 Q3
17 Nov 20
CRGY
Earnings call transcript
2020 Q2
19 Aug 20
Latest ownership filings
SC 13G/A
VANGUARD GROUP INC
10 Apr 24
4
HENRY R KRAVIS
3 Apr 24
4
Change in insider ownership
3 Apr 24
SC 13D/A
Independence Energy Aggregator L.P.
3 Apr 24
4
ELLIS L MCCAIN
3 Apr 24
4
ROBERT G GWIN
3 Apr 24
4
CLAIRE S FARLEY
3 Apr 24
4
Karen Jo Simon
3 Apr 24
4
Bevin Brown
3 Apr 24
4
Erich Bobinsky
3 Apr 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | |
---|---|---|---|
Revenue | |||
Cost of revenue | |||
Operating income | |||
Operating margin | |||
Net income | |||
Net profit margin | |||
Cash on hand | |||
Change in cash | |||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 267.33 mm | 267.33 mm | 267.33 mm | 267.33 mm | 267.33 mm | 267.33 mm |
Cash burn (monthly) | (no burn) | (no burn) | 50.58 mm | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | n/a | 334.17 mm | n/a | n/a | n/a |
Cash remaining | n/a | n/a | -66.83 mm | n/a | n/a | n/a |
Runway (months of cash) | n/a | n/a | -1.3 | n/a | n/a | n/a |
Institutional ownership, Q3 2023
13F holders | Current |
---|---|
Total holders | 168 |
Opened positions | 35 |
Closed positions | 19 |
Increased positions | 58 |
Reduced positions | 32 |
13F shares | Current |
---|---|
Total value | 524.14 bn |
Total shares | 142.21 mm |
Total puts | 167.40 k |
Total calls | 134.00 k |
Total put/call ratio | 1.2 |
Largest owners | Shares | Value |
---|---|---|
Independence Energy Aggregator | 54.81 mm | $571.09 mm |
PT Independence Energy | 36.81 mm | $598.96 mm |
Teacher Retirement System Of Texas | 7.99 mm | $101.06 mm |
Vanguard | 7.64 mm | $96.59 bn |
Goff John C | 4.68 mm | $59.21 bn |
BLK Blackrock | 3.29 mm | $41.54 bn |
Aventail Capital | 2.10 mm | $26.50 bn |
Citadel Advisors | 1.75 mm | $22.13 bn |
STT State Street | 1.49 mm | $18.78 bn |
Hotchkis & Wiley Capital Management | 1.38 mm | $17.40 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Apr 24 | PT Independence Energy | Class A Common Stock | Grant | Acquire A | Yes | No | 0 | 28,622 | 0.00 | 51,480 |
1 Apr 24 | Bo Shi | Class A Common Stock | Payment of exercise | Dispose F | No | No | 11.68 | 1,624 | 18.97 k | 44,861 |
1 Apr 24 | Bo Shi | Class A Common Stock | Grant | Acquire A | No | No | 0 | 22,361 | 0.00 | 46,485 |
1 Apr 24 | Goff John C | Class A Common Stock | Grant | Acquire A | No | No | 0 | 25,492 | 0.00 | 45,849 |
1 Apr 24 | Bevin Brown | Class A Common Stock | Grant | Acquire A | No | No | 0 | 14,311 | 0.00 | 25,739 |
1 Apr 24 | Erich Bobinsky | Class A Common Stock | Grant | Acquire A | No | No | 0 | 14,311 | 0.00 | 25,739 |
News
Is WisdomTree U.S. High Yield Corporate Bond ETF (WFHY) a Strong ETF Right Now?
10 Apr 24
Truist Securities Maintains Buy on Crescent Energy, Lowers Price Target to $19
5 Apr 24
Analyst Scoreboard: 4 Ratings For Crescent Energy
22 Mar 24
Mizuho Reiterates Neutral on Crescent Energy, Lowers Price Target to $13
22 Mar 24
Crescent Energy Announces Pricing Of $700M Private Placement Of 7.625% Senior Notes Due 2032
19 Mar 24
Press releases
Crescent Energy Announces Expiration and Results of Its Tender Offer for Its 7.250% Senior Notes Due 2026
26 Mar 24
Crescent Energy Announces Tender Offer for Its 7.250% Senior Notes due 2026
19 Mar 24
Crescent Energy Announces Offering of $700 Million Private Placement of Senior Notes Due 2032
19 Mar 24
Crescent Energy Company Announces Pricing of Secondary Public Offering of Common Stock and Agreement to Repurchase OpCo Units
6 Mar 24
Crescent Energy Company Announces Secondary Public Offering of Common Stock and Intention to Repurchase OpCo Units
6 Mar 24