NYSE : CRGY
Crescent Energy Company — Financial statements
Energy · Oil & Gas Exploration & Production · United States
Last price 14.2 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 5.83B
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Financial statements
Crescent Energy Company (CRGY) reported revenue of 4.31B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 4.31B | 3.58B | 2.93B | 2.38B | 3.06B | 1.48B |
| Cost of Revenue | 1.63B | 1.59B | 1.28B | 1.08B | 1.01B | 609.72M |
| Gross Profit | 2.68B | 1.99B | 1.65B | 1.30B | 2.04B | 867.25M |
| Selling, General & Admin | 309.54M | 371.83M | 266.34M | 140.92M | 84.99M | 54.28M |
| Other Operating Expenses | 329.36M | -302.90M | 114.35M | -166.98M | 676.90M | 866.02M |
| Operating Expenses | 2.14B | 1.49B | 1.51B | 808.64M | 1.44B | 1.23B |
| Operating Income | 537.41M | 505.77M | 144.56M | 495.62M | 602.62M | -367.01M |
| Interest Expense | -354.43M | -298.43M | -216.26M | -145.81M | -95.94M | -50.74M |
| Earnings From Equity Investments | 1.41M | 2.19M | 729.00K | -413.00K | 4.62M | 368.00K |
| Other Non Operating Income (Expenses) | -5.11M | -5.02M | 1.76M | -282.00K | 949.00K | 120.00K |
| EBT Excluding Unusual Items | 179.28M | 204.51M | -69.21M | 349.12M | 512.25M | -417.26M |
| Merger & Restructuring Charges | -20.80M | -20.80M | ||||
| Gain (Loss) on Sale of Investments | -3.90M | |||||
| Gain (Loss) on Sale of Assets | 145.46M | 147.54M | 29.43M | 4.64M | 8.79M | |
| Other Unusual Items | -152.18M | -129.57M | -128.98M | -24.06M | ||
| Pretax Income | 151.76M | 201.67M | -168.75M | 345.22M | 516.89M | -432.53M |
| Income Tax Expense | 78.48M | 34.50M | -31.07M | 23.23M | 36.29M | -306.00K |
| Earnings From Continuing Operations | 73.28M | 167.17M | -137.68M | 321.99M | 480.60M | -432.23M |
| Minority Interest in Earnings | -18.53M | -34.26M | 23.08M | -254.38M | -383.93M | 73.68M |
| Net Income | 54.75M | 132.91M | -114.61M | 67.61M | 96.67M | -358.54M |
| Preferred Dividends & Other Adjustments | -339.17M | |||||
| Net Income to Common | 54.75M | 132.91M | -114.61M | 67.61M | 96.67M | -19.38M |
| Shares Outstanding (Basic) | 295.50M | 242.06M | 130.72M | 66.60M | 43.87M | 41.95M |
| Shares Outstanding (Diluted) | 315.83M | 245.06M | 130.72M | 67.40M | 44.11M | 41.95M |
| EPS (Basic) | 0.19 | 0.55 | -0.88 | 1.02 | 2.20 | -0.46 |
| EPS (Diluted) | 0.19 | 0.54 | -0.88 | 1.02 | 2.20 | -0.46 |
| Free Cash Flow | 544.81M | -89.75M | -21.20M | -494.83M | -206.96M | -37.54M |
| Free Cash Flow Per Share | 1.73 | -0.37 | -0.16 | -7.34 | -4.69 | -0.90 |
| Dividend Per Share | 0.48 | 0.48 | 0.48 | 0.48 | 0.68 | 0.12 |
| Gross Margin | 62.16% | 55.65% | 56.39% | 54.74% | 66.85% | 58.72% |
| Operating Margin | 12.47% | 14.13% | 4.93% | 20.80% | 19.71% | -24.85% |
| Profit Margin | 1.27% | 3.71% | -3.91% | 2.84% | 3.16% | -1.31% |
| Free Cash Flow Margin | 12.64% | -2.51% | -0.72% | -20.77% | -6.77% | -2.54% |
| EBITDA | 2.02B | 1.91B | 1.26B | 1.32B | 1.28B | -54.22M |
| EBITDA Margin | 46.92% | 53.25% | 42.84% | 55.44% | 41.82% | -3.67% |
| D&A For EBITDA | 1.48B | 1.40B | 1.11B | 825.38M | 675.83M | 312.79M |
| EBIT | 537.41M | 505.77M | 144.56M | 495.62M | 602.62M | -367.01M |
| EBIT Margin | 12.47% | 14.13% | 4.93% | 20.80% | 19.71% | -24.85% |
| Effective Tax Rate | 51.71% | 17.11% | 6.73% | 7.02% | ||
| Revenue as Reported | 4.31B | 3.58B | 2.93B | 2.38B | 3.06B | 1.48B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 264.88M | 10.16M | 132.82M | 2.97M | 128.58M | |
| Cash & Short-Term Investments | 264.88M | 10.16M | 132.82M | 2.97M | 128.58M | |
| Receivables | 668.84M | 742.83M | 542.27M | 506.74M | 459.75M | 342.20M |
| Prepaid Expenses | 49.64M | 46.31M | 42.59M | 40.41M | 13.24M | 8.64M |
| Restricted Cash | 5.47M | 725.70M | 5.49M | 261.00K | 8.00M | |
| Other Current Assets | 113.79M | 336.06M | 64.91M | 65.27M | 35.75M | 200.00K |
| Total Current Assets | 1.10B | 1.86B | 788.09M | 615.65M | 516.74M | 479.62M |
| Property, Plant & Equipment | 10.63B | 10.36B | 8.21B | 6.14B | 5.44B | 4.56B |
| Long-Term Investments | 9.15M | 8.15M | 13.81M | 6.08M | 15.04M | 15.41M |
| Goodwill | 76.56M | |||||
| Long-Term Deferred Tax Assets | 73.09M | 143.71M | ||||
| Long-Term Deferred Charges | 13.40M | |||||
| Other Long-Term Assets | 192.22M | 73.03M | 147.10M | 41.58M | 31.90M | 30.75M |
| Total Assets | 12.01B | 12.44B | 9.16B | 6.80B | 6.02B | 5.16B |
| Accounts Payable | 151.79M | 145.67M | 74.66M | 135.52M | 104.59M | 96.01M |
| Accrued Expenses | 377.54M | 509.48M | 302.99M | 235.02M | 170.76M | 99.45M |
| Current Portion of Leases | 4.22M | 4.86M | 3.62M | 4.63M | 3.34M | 1.61M |
| Other Current Liabilities | 633.78M | 599.41M | 446.09M | 375.08M | 615.06M | 419.06M |
| Total Current Liabilities | 1.17B | 1.26B | 827.36M | 750.26M | 893.75M | 616.12M |
| Long-Term Debt | 5.17B | 5.52B | 3.05B | 1.69B | 1.25B | 1.03B |
| Long-Term Leases | 1.44M | 3.23M | 3.53M | 11.97M | 7.41M | 3.51M |
| Long-Term Deferred Tax Liabilities | 15.13M | 11.67M | 370.33M | 262.58M | 147.35M | 82.54M |
| Other Long-Term Liabilities | 498.87M | 479.32M | 542.22M | 448.44M | 424.79M | 405.23M |
| Total Liabilities | 6.85B | 7.28B | 4.79B | 3.17B | 2.72B | 2.14B |
| Common Stock | 33.00K | 33.00K | 26.00K | 18.00K | 17.00K | 17.00K |
| Additional Paid-In Capital | 5.19B | 5.23B | 3.23B | 1.63B | 804.59M | 720.02M |
| Retained Earnings | 33.29M | -64.75M | 95.45M | 61.96M | -19.38M | |
| Treasury Stock | -72.44M | -71.05M | -32.43M | -17.14M | -18.45M | -18.45M |
| Total Common Equity | 5.15B | 5.16B | 3.13B | 1.70B | 848.11M | 682.21M |
| Minority Interest | 7.64M | 7.53M | 1.24B | 1.93B | 2.45B | 2.34B |
| Shareholders' Equity | 5.16B | 5.17B | 4.37B | 3.64B | 3.30B | 3.02B |
| Total Liabilities & Equity | 12.01B | 12.44B | 9.16B | 6.80B | 6.02B | 5.16B |
| Total Debt | 5.17B | 5.53B | 3.06B | 1.71B | 1.26B | 1.04B |
| Net Cash (Debt) | -4.91B | -5.52B | -2.92B | -1.71B | -1.26B | -906.95M |
| Net Cash Per Share | -15.54 | -22.53 | -22.37 | -25.34 | -28.53 | -21.62 |
| Filing Date Shares Outstanding | 330.40M | 327.90M | 192.53M | 91.61M | 48.28M | 41.95M |
| Total Common Shares Outstanding | 330.35M | 327.90M | 187.07M | 91.61M | 48.28M | 41.95M |
| Working Capital | -64.72M | 601.64M | -39.27M | -134.60M | -377.01M | -136.51M |
| Book Value Per Share | 15.60 | 15.73 | 16.73 | 18.61 | 17.57 | 16.26 |
| Tangible Book Value | 5.15B | 5.16B | 3.13B | 1.70B | 848.11M | 605.64M |
| Tangible Book Value Per Share | 15.60 | 15.73 | 16.73 | 18.61 | 17.57 | 14.44 |
| Land | 37.39M | 20.69M | 5.37M | 5.37M | 5.47M | |
| Buildings | 19.52M | 14.18M | 13.45M | 6.01M | 6.64M | |
| Machinery | 33.58M | 31.80M | 24.15M | 18.93M | 18.01M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 54.75M | 132.91M | -114.61M | 67.61M | 96.67M | -358.54M |
| Depreciation & Amortization | 1.48B | 1.40B | 1.11B | 825.38M | 675.83M | 312.79M |
| Other Amortization | 15.21M | 14.52M | 13.38M | 12.83M | 8.89M | 10.19M |
| Loss (Gain) From Sale of Assets | -145.46M | -147.54M | -29.43M | -4.64M | -8.79M | |
| Asset Writedown & Restructuring Costs | 20.80M | 20.80M | ||||
| Loss (Gain) From Sale of Investments | 3.90M | |||||
| Stock-Based Compensation | 170.68M | 245.47M | 185.61M | 82.94M | 38.06M | 39.92M |
| Other Operating Activities | 363.78M | -68.22M | 106.80M | -129.26M | 205.81M | 255.21M |
| Change in Accounts Receivable | 71.69M | 71.69M | 106.66M | -41.52M | -110.46M | -91.63M |
| Change in Accounts Payable | 508.00K | 508.00K | -153.16M | 112.59M | 139.66M | 30.75M |
| Change in Other Net Operating Assets | -76.44M | 9.36M | -3.19M | 1.30M | -37.46M | 43.27M |
| Operating Cash Flow | 1.96B | 1.68B | 1.22B | 935.77M | 1.01B | 233.15M |
| Capital Expenditures | -1.42B | -1.77B | -1.24B | -1.43B | -1.22B | -270.68M |
| Sale of Property, Plant & Equipment | 768.53M | 847.14M | 54.77M | 28.95M | 93.20M | 25.72M |
| Other Investing Activities | -10.51M | 77.00K | -8.79M | 2.86M | 1.78M | 365.00K |
| Investing Cash Flow | -657.23M | -922.69M | -1.20B | -1.40B | -1.12B | -244.59M |
| Long-Term Debt Issued | 5.17B | 5.24B | 3.27B | 1.58B | 1.25B | |
| Total Debt Issued | 6.68B | 5.17B | 5.24B | 3.27B | 1.58B | 1.25B |
| Long-Term Debt Repaid | -5.22B | -5.08B | -2.82B | -1.37B | -1.10B | |
| Net Debt Issued (Repaid) | -809.30M | -51.77M | 159.17M | 448.68M | 215.25M | 142.55M |
| Issuance of Common Stock | 330.57M | 145.66M | ||||
| Repurchase of Common Stock | -6.18M | -38.62M | -15.38M | -72.00K | -18.45M | |
| Common Dividends Paid | -140.09M | -115.12M | -65.08M | -34.12M | -27.51M | -35.33M |
| Other Financing Activities | -79.37M | -39.55M | -201.90M | -103.69M | -195.58M | 16.37M |
| Financing Cash Flow | -1.03B | -245.07M | 207.39M | 456.46M | -7.84M | 105.14M |
| Net Cash Flow | 267.89M | 512.40M | 232.18M | -6.58M | -119.81M | 93.70M |
| Free Cash Flow | 544.81M | -89.75M | -21.20M | -494.83M | -206.96M | -37.54M |
| Free Cash Flow Margin | 12.64% | -2.51% | -0.72% | -20.77% | -6.77% | -2.54% |
| Free Cash Flow Per Share | 1.73 | -0.37 | -0.16 | -7.34 | -4.69 | -0.90 |
| Levered Free Cash Flow | 601.59M | -740.88M | 64.31M | -531.55M | -69.67M | 157.51M |
| Unlevered Free Cash Flow | 807.90M | -568.88M | 186.09M | -453.25M | -18.61M | 179.04M |
| Cash Interest Paid | 339.69M | 272.76M | 141.76M | 113.80M | 81.92M | 35.05M |
| Cash Income Tax Paid | 3.08M | 9.97M | 1.85M | -1.39M | 8.16M | 562.00K |
| Change in Working Capital | -4.23M | 81.56M | -49.70M | 72.38M | -8.26M | -17.61M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 5.61B | 2.14B | 2.70B | 1.21B | 578.90M | 546.50M |
| Enterprise Value | 10.52B | 5.37B | 7.13B | 4.82B | 4.36B | 1.26B |
| Last Close Price | 14.20 | 8.15 | 13.49 | 11.71 | 10.13 | 10.29 |
| PE Ratio | 73.75 | 16.07 | 17.90 | 5.99 | ||
| Forward PE | 4.90 | 5.83 | 7.59 | 7.69 | 2.94 | |
| PS Ratio | 1.30 | 0.60 | 0.92 | 0.51 | 0.19 | 0.37 |
| PB Ratio | 0.91 | 0.41 | 0.62 | 0.33 | 0.17 | 0.18 |
| P/TBV Ratio | 1.09 | 0.41 | 0.86 | 0.71 | 0.68 | 0.90 |
| P/OCF Ratio | 2.86 | 1.27 | 2.21 | 1.29 | 0.57 | 2.34 |
| PEG Ratio | 0.22 | 0.27 | 1.67 | 0.23 | ||
| EV/Sales Ratio | 2.44 | 1.50 | 2.43 | 2.02 | 1.43 | 0.85 |
| EV/EBITDA Ratio | 5.20 | 2.82 | 5.68 | 3.65 | 3.41 | |
| EV/EBIT Ratio | 19.56 | 10.61 | 49.33 | 9.73 | 7.24 | |
| Debt / Equity Ratio | 1.00 | 1.07 | 0.70 | 0.47 | 0.38 | 0.34 |
| Debt / EBITDA Ratio | 2.56 | 2.90 | 2.43 | 1.30 | 0.98 | |
| Debt / FCF Ratio | 9.49 | |||||
| Net Debt / Equity Ratio | 0.95 | 1.07 | 0.67 | 0.47 | 0.38 | 0.30 |
| Net Debt / EBITDA Ratio | 2.43 | 2.90 | 2.33 | 1.29 | 0.98 | -16.73 |
| Net Debt / FCF Ratio | 9.01 | -61.53 | -137.92 | -3.45 | -6.08 | -24.16 |
| Asset Turnover | 0.39 | 0.33 | 0.37 | 0.37 | 0.55 | 0.33 |
| Quick Ratio | 0.80 | 0.60 | 0.82 | 0.68 | 0.51 | 0.76 |
| Current Ratio | 0.94 | 1.48 | 0.95 | 0.82 | 0.58 | 0.78 |
| Return on Equity (ROE) | 1.52% | 3.51% | -3.44% | 9.29% | 15.21% | -14.62% |
| Return on Assets (ROA) | 3.07% | 2.93% | 1.13% | 4.83% | 6.74% | -5.06% |
| Return on Invested Capital (ROIC) | 2.60% | 4.66% | 2.29% | 9.34% | 13.21% | -9.74% |
| Return on Capital Employed (ROCE) | 5.00% | 4.50% | 1.70% | 8.20% | 11.80% | -8.10% |
| Earnings Yield | 1.36% | 6.22% | -4.25% | 5.59% | 16.70% | -65.61% |
| FCF Yield | 9.72% | -4.20% | -0.78% | -40.89% | -35.75% | -6.87% |
| Dividend Yield | 3.51% | 7.37% | 3.33% | 3.63% | 5.67% | 0.92% |
| Payout Ratio | 259.07% | 86.62% | 50.47% | 28.46% | ||
| Buyback Yield / Dilution | -65.29% | -87.48% | -93.93% | -52.80% | -5.14% | -5,320.61% |
| Total Shareholder Return | -61.80% | -80.11% | -90.61% | -49.16% | 0.53% | -5,319.69% |