Crescent Energy (CRGY) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on March 4, 2024, might help the stock move higher if these key numbers are better than ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Crescent Energy (CRGY) , which belongs to the Zacks Alternative Energy - Other industry, could be a great candidate to consider.When looking at the last two reports, this oil and gas company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 45.22%, on average, in the last two quarters.For the most recent ...

HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY) today announced plans to host a conference call and webcast at 10 a.m. CT, on Tuesday, March 5, 2024 to discuss its fourth quarter and full year 2023 financial and operating results, as well as its outlook for 2024. The Company plans to release results after market close on Monday, March 4, 2024. The release and supplemental slides will be available on the company’s website at https://ir.crescentenergyco.com. Conference Call Information Time: ...

Crescent Energy Co (NYSE:CRGY) Q3 2023 Earnings Conference Call November 7, 2023 11:00 AM ET Company Participants Emily Newport - IR David Rockecharlie - CEO & Director Brandi Kendall - CFO & Director Conference Call Participants Michael Scialla - Stephens Inc. Neal Dingmann - Truist Securities Roger Read - Wells Fargo Securities John Abbott - Bank of America Merrill Lynch Operator Ladies and gentlemen, good morning, and welcome to the Crescent Energy Third Quarter 2023 Earnings Conference Call. [Operator I ...

The information in this presentation relates to Crescent Energy Company (the "Company" or "CRGY") and contains information that includes or is based upon "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included in this presentation, including statements regarding business, strategy, financial position, p ...

FORM 10-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 For the transition period from to Commission file number 001-41132 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol Name of each exchange on which registered Class A Common Stock, par value $0.0001 CRGY New York Stock Exchange Indicate by check mark whether the Registrant (1) has filed all ...

Crescent Energy Company (NYSE:CRGY) Q2 2023 Results Conference Call August 10, 2023 11:00 AM ET Company Participants Emily Newport - IR David Rockecharlie - CEO and Director Brandi Kendall - CFO and Director Todd Falk - Chief Accounting Officer Ben Conner - EVP of Investments Clay Rynd - EVP of Investments Conference Call Participants Neal Dingmann - Truist Securities John Abbott - Bank of America Operator Greetings, and welcome to Crescent Energy's Second Quarter 2023 Results Conference Call. [Operator Ins ...

FORM 10-Q For the transition period from to 600 Travis Street, Suite 7200 Houston, Texas 77002 (713) 337-4600 (Address, including zip code, and telephone number, including area code, of registrant's principal executive offices) Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was require ...

Financial Data and Key Metrics Changes - For Q1 2023, the company produced 137 MBoe per day and generated $232 million of adjusted EBITDAX, with production slightly impacted by minor downtime due to winter weather [22] - The company realized 150% of benchmark prices for gas due to exceptionally high West Coast gas realizations, positively impacting revenue despite higher operating expenses [22] - Adjusted operating expenses averaged $16.57 per BOE for the quarter, which is above initial guidance, but overall costs were offset by higher realized prices [23] Business Line Data and Key Metrics Changes - The acquisition of Western Eagle Ford assets adds approximately 20,000 BOE per day of production, enhancing the company's operational control and scale in the Eagle Ford region [6][21] - The company invested $202 million in Q1 2023, drilling 15 and bringing online 18 gross operated wells across the US and Eagle Ford, reflecting a higher level of activity than initially expected [23] Market Data and Key Metrics Changes - The company expects the acquisition market to be active in 2023, particularly in the Eagle Ford, which remains fragmented and offers opportunities for meaningful scale [8] - The company is roughly 60% hedged for the remainder of 2023, protecting expected returns on invested capital [25] Company Strategy and Development Direction - The acquisition strategy focuses on acquiring proven assets with meaningful reinvestment opportunities at a discount to PDP value, enhancing the company's scale and operational control [28] - The company emphasizes a disciplined capital allocation strategy, prioritizing returns to shareholders while maintaining a strong balance sheet [9][42] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the base business performance and the ability to pursue attractive M&A opportunities due to strong cash flows and a solid balance sheet [27] - The company remains focused on value creation for investors and is optimistic about future growth opportunities in the Eagle Ford and other regions [68] Other Important Information - The company announced a cash dividend of $0.12 per share, consistent with its strategy to distribute 10% of EBITDA to shareholders [44] - The company does not expect the recent acquisition to materially change its cash tax outlook for 2023 and 2024 [45] Q&A Session Summary Question: Was the higher liquids content a driving factor in the acquisition? - The company noted that while the exposure to liquids was favorable, it was not the primary driving factor for the deal [33] Question: Will the acquisition drive more activity in the near term? - The company confirmed that it will continue current activity levels on both the acquired asset and existing operations [36] Question: What is the company's view on resource expansion? - Management indicated that resource expansion opportunities exist beyond the Lower Eagle Ford, particularly in the Austin Chalk and Upper Eagle Ford formations [37] Question: Will the dividend level remain consistent throughout the year? - The company intends to maintain the current dividend level throughout the year, with updates provided after the acquisition closes [46][47] Question: How does the company view the current market for acquisitions? - Management expressed optimism about the acquisition market, noting a full pipeline of opportunities despite recent volatility [63]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) 600 Travis Street, Suite 7200 Houston, Texas 77002 (713) 337-4600 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For t ...