Crescent Energy
Produces oil and gas across the Eagle Ford, Permian and Uinta basins.
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Profile
Produces and sells crude oil, natural gas and natural gas liquids from U.S. onshore assets in the Eagle Ford, Permian and Uinta basins, supplemented by minerals, royalties and midstream infrastructure. Acquisition-led growth has broadened the portfolio, while revenue remains tied to hydrocarbon prices within a single exploration-and-production segment.
Produces crude oil, natural gas and natural gas liquids from operated and non-operated wells across the Eagle Ford, Permian and Uinta basins. The portfolio also includes mineral and royalty interests and midstream infrastructure that supports upstream assets and third-party customers.
Acquisition-led growth has assembled a broad U.S. onshore footprint, with the Vital Energy transaction adding a large Permian position. Development spending is balanced with cash flow from established, lower-decline production, while gathering, processing and marketing support the core producing business.
Revenue comes primarily from selling hydrocarbons to U.S. customers. Results remain tied to commodity prices, drilling and operating performance, environmental regulation and the integration of acquired assets; all activities are reported as one exploration-and-production segment.
Company facts
Key statistics
Year to date +58.9% · Average volume (30d) 5.5M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 12, 2026 | Wells Fargo | Reiterate | Overweight | $13 | $24 |
| Aug 6, 2026 | UBS | Reiterate | Buy | $13 | $14 |
| Aug 3, 2026 | Raymond James | Reiterate | Strong Buy | $20 | $19 |
| Aug 3, 2026 | Morgan Stanley | Downgrade | Underweight | ||
| Jul 14, 2026 | UBS | Initiate | Buy | $13 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 3, 2026Q2 FY26 | $0.59 | $0.69 | +16.9% | $1.26B | $1.39B | +10.9% | −1.31% |
| May 4, 2026Q1 FY26 | $0.39 | $0.53 | +35.9% | $1.15B | $1.18B | +2.5% | +1.53% |
| Feb 25, 2026Q4 FY25 | $0.28 | $0.49 | +75.0% | $888.0M | $865.0M | −2.6% | +4.95% |
| Nov 3, 2025Q3 FY25 | $0.30 | $0.35 | +16.7% | $878.6M | $866.6M | −1.4% | −5.74% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $950.2M | $898.0M | $866.6M | $865.0M | $1.18B | $1.39B | |
| Gross profit | $788.6M | $737.8M | $702.9M | $159.1M | $1.08B | $1.30B | |
| Operating income | $172.2M | $79.6M | $30.8M | $50.2M | $327.5M | $581.0M | |
| Net income | −$2.2M | $153.2M | −$9.5M | −$8.7M | −$419.8M | $492.8M | |
| Diluted EPS | −$0.01 | $0.60 | −$0.04 | −$0.03 | −$1.28 | $1.30 | |
| Gross margin | 83.0% | 82.2% | 81.1% | 18.4% | 91.4% | 93.2% | |
| Operating margin | 18.1% | 8.9% | 3.6% | 5.8% | 27.7% | 41.6% |
Fiscal years (4-quarter sums)FY21 $1.48B · FY22 $3.06B · FY23 $2.38B · FY24 $2.93B · FY25 $3.58B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $264.9M · Total debt $5.28B · Total assets $12.01B · Shareholders' equity $5.16B
Dividends
Raised for 2 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 17, 2026 | Aug 17 | Aug 31 | $0.12 | |
| May 18, 2026 | May 18 | Jun 1 | $0.12 | |
| Mar 11, 2026 | Mar 11 | Mar 25 | $0.12 | |
| Nov 17, 2025 | Nov 17 | Dec 1 | $0.12 | |
| Aug 18, 2025 | Aug 18 | Sep 2 | $0.12 | |
| May 19, 2025 | May 19 | Jun 2 | $0.12 | |
| Mar 12, 2025 | Mar 12 | Mar 26 | $0.12 | |
| Nov 18, 2024 | Nov 18 | Dec 2 | $0.12 |
Ownership
Shares outstanding 330.28M · Float 295.56M · 89.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 38.72M | 11.72% | 13F | Aug 7, 2026 |
| Kohlberg Kravis Roberts & Co. L.P. | 28.66M | 8.68% | 13F | Aug 14, 2026 |
| KKR Upstream Associates LLC | 26.76M | 10.50% | 13D | Aug 26, 2025 |
| KKR Group Partnership L.P. · 10 percent owner | 26.19M | 7.93% | Form 4 | Apr 8, 2025 |
| American Century Companies Inc | 17.96M | 5.44% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 7, 2026 | Liberty Mutual Foundation Inc. | 10 percent owner | −32,600,000 | $12.33 |
| May 6, 2026 | Marcus C. Rowland | director | −40,000 | $13.25 |
Peers
- SM Energy
US onshore E&P with overlapping Eagle Ford, Uinta Basin, and Permian footprint
- Magnolia Oil & Gas
South Texas Eagle Ford pure-play at ~100 Mboe/d; Karnes and Giddings operator
- Permian Resources
Pure-play Delaware Basin E&P competing for Permian acreage and investor capital
- APA
Permian Midland and Delaware operator (~281 MBoe/d US); exited Eagle Ford 2024
- Matador Resources
Delaware Basin Wolfcamp/Bone Spring operator with integrated San Mateo midstream
- Ovintiv
Permian Midland E&P; ~190k net acres, ~219 MBoe/d; divested Uinta Jan 2025
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Crescent Energy | $13.76 | +1.77% | $4.47B | — | 6.4 | 1.0 | +55.3% |
| SM Energy | $36.27 | −1.01% | $8.78B | 9.5 | 5.3 | 1.6 | +218.4% |
| Magnolia Oil & Gas | $26.25 | +0.02% | $6.22B | 11.4 | 9.1 | 4.2 | +50.1% |
| Permian Resources | $22.86 | +0.82% | $19.01B | 15.0 | 10.3 | 3.3 | +55.2% |
| APA | $42.61 | +0.18% | $15.04B | 9.0 | 9.5 | 1.7 | +10.2% |
| Matador Resources | $56.39 | +0.04% | $7.00B | 9.7 | 7.3 | 1.8 | +28.2% |
| Ovintiv | $64.59 | −0.02% | $17.87B | 18.6 | 9.2 | 1.9 | +30.0% |
| Median | 10.5 | 9.2 | 1.8 | +40.0% |