CRGY Q1 2023 Earnings — Crescent Energy Company Revenue & Financial Results | Market Cap Arena

CRGYCrescent Energy Company

$4B

Q1 2023 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$590M-1.5% YoY

Gross Profit

$459M77.8% margin

Operating Income

$151M25.5% margin

Net Income

$60M10.1% margin

EPS (Diluted)

$1.24

QoQ Revenue Growth

-13.8%

Cash Flow

Operating Cash Flow

$240M

Free Cash Flow

$38M

Stock-Based Comp.

$8M

Balance Sheet

Total Assets

$6.1B

Total Liabilities

$2.6B

Stockholders' Equity

$902M

Cash & Equivalents

$3M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$590M	$599M	-1.5%
Gross Profit	$459M	$504M	-8.9%
Operating Income	$151M	$263M	-42.7%
Net Income	$60M	-$85M	+170.3%

Revenue Segments

Oil

$372M63%

Natural Gas, Production

$162M27%

Natural Gas Liquids

$43M7%

Midstream And Other

$13M2%