CRGY

MKT CAP:$4B

Crescent Energy Company

Market Cap

$4B

Energy·Oil & Gas Exploration & Production·🇺🇸 United States·NYSE

Energy·Oil & Gas Exploration & Production·🇺🇸·NYSE

Stock Price

$11.79+$3.29 (+38.60%)

Apr 17, 2026

Company Details

Crescent Energy Company, an energy company, explores for, develops, and produces crude oil, natural gas, and natural gas liquids (NGLs) reserves. The company holds a portfolio of oil and natural gas assets in key proven basins, including th...

CEO

David C. Rockecharlie

IPO Date

Dec 8, 2021

Website

www.crescentenergyco.com

Key Metrics TTM

Revenue

$2.6B

+193.3% YoY

Net Income

-$167M

EPS (Diluted)

-$2.92

Free Cash Flow

$415M

Revenue / Share

$10.10

Gross Margin

82.6%

Operating Margin

23.2%

Net Margin

-6.5%

FCF Margin

16.1%

P/S

1.6x

P/E

—

Earnings Reports

Q4 2025

May 4, 2026

PENDING

FY 2025

Nov 3, 2025

$867MEPS -$0.04

Q3 2025

Nov 3, 2025

$867MEPS -$0.04

FY 2023

Nov 6, 2023

$642M+7.3%EPS -$0.67

Q3 2023

Nov 6, 2023

$642MEPS -$0.67

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 20	$208M	$83M	$3M
Q2 20	$104M	$12M	-$293M
Q3 20	$191M	$64M	-$27M
Q4 20	$252M	$116M	-$57M
Q2 21	$330M	$269M	$100M
Q4 21	$463M	$396M	$162M
Q1 22	$599M	$504M	$263M
Q3 23	$642M	$522M	$142M
Q3 25	$867M	$703M	$31M

Valuation

Quarter	P/S	P/E
Q1 20	—	—
Q2 20	—	—
Q3 20	—	—
Q4 20	0.8x	—
Q2 21	0.7x	—
Q4 21	1.8x	—
Q1 22	1.8x	—
Q3 23	0.5x	—
Q3 25	0.9x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 20	$111M	$41M
Q2 20	$92M	$60M
Q3 20	$95M	$87M
Q4 20	$114M	$97M
Q2 21	-$91M	-$110M
Q4 21	$85M	$13M
Q1 22	$137M	$43M
Q3 23	$189M	$101M
Q3 25	$473M	$258M

Capital Expenditures

Quarter	CapEx
Q1 20	$70M
Q2 20	$33M
Q3 20	$8M
Q4 20	$16M
Q2 21	$19M
Q4 21	$72M
Q1 22	$94M
Q3 23	$88M
Q3 25	$215M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 21	+58.8%	+12.3%
Q4 21	+347.6%	-24.0%
Q1 22	+214.2%	+54.7%
Q3 23	+154.7%	+62.0%
Q3 25	+162.5%	+263.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 20	$335.0K	0.2%
Q2 20	$248.0K	0.2%
Q3 20	$200.0K	0.1%
Q4 20	-$2M	-0.6%
Q2 21	$0	0.0%
Q4 21	$0	0.0%
Q1 22	$0	0.0%
Q3 23	$0	0.0%
Q3 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q1 20	$1M	$97.0K
Q2 20	$2M	$123.0K
Q3 20	$7M	$248.0K
Q4 20	$3M	$18.0K
Q2 21	$15M	$48M
Q4 21	$34M	$51M
Q1 22	$29M	$48M
Q3 23	$59M	$62M
Q3 25	$78M	$93M

Revenue Segments

Quarter	Midstream And Other	Natural Gas Liquids	Natural Gas, Production	Oil
Q1 22	$12M	$71M	$143M	$373M
Q3 23	$11M	$55M	$72M	$505M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$113M	$0	$113M
Q2 22	$55M	$0	$55M
Q3 22	$22M	$0	$22M
Q4 22	$0	$0	$0
Q1 23	$3M	$0	$3M
Q2 23	$2M	$0	$2M
Q3 23	$229M	$0	$229M
Q4 23	$3M	$0	$3M
Q1 24	$5M	$0	$5M
Q2 24	$778M	$0	$778M
Q3 24	$136M	$0	$136M
Q4 24	$133M	$0	$133M
Q1 25	$6M	$0	$6M
Q2 25	$3M	$0	$3M
Q3 25	$4M	$0	$4M
Q4 25	$290.0K	$0	$290.0K

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 20	620K	—	—
Q2 20	620K	0.0%	—
Q3 20	802K	+29.3%	—
Q4 20	1M	+31.2%	—
Q2 21	43M	+3995.6%	+6849.2%
Q4 21	106M	+146.6%	+17038.6%
Q1 22	169M	+59.5%	+21037.4%
Q3 23	170M	+0.2%	+16031.5%
Q3 25	255M	+50.0%	+490.8%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 20	—	—
Q2 20	—	—
Q3 20	—	—
Q4 20	—	—
Q2 21	—	—
Q4 21	—	—
Q1 22	—	—
Q3 23	$738.4K	870
Q3 25	$878.0K	987

Revenue / Employee