Crescent Energy (CRGY) Financials

$8.56 +0.50 (+6.14%)

Closing price 10/23/2025 03:59 PM Eastern

Extended Trading

$8.46 -0.09 (-1.05%)

As of 10/23/2025 07:59 PM Eastern

Annual Income Statements for Crescent Energy

This table shows Crescent Energy's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	0.00	0.00	-19	97	68	-115
Consolidated Net Income / (Loss)	47	-216	-432	481	322	-138
Net Income / (Loss) Continuing Operations	47	-216	-432	481	322	-138
Total Pre-Tax Income	47	-216	-433	517	345	-169
Total Operating Income	227	-374	484	1,284	325	218
Total Gross Profit	1,087	581	1,290	3,057	2,147	2,931
Total Revenue	1,087	754	1,477	3,057	2,383	2,931
Operating Revenue	1,087	754	1,477	3,057	2,383	2,931
Total Cost of Revenue	0.00	173	187	0.00	235	0.00
Total Operating Expenses	860	955	806	1,773	1,823	2,712
Selling, General & Admin Expense	2.36	17	78	85	141	336
Marketing Expense	231	-	-	415	-	476
Exploration Expense	0.47	0.49	1.18	3.43	9.33	17
Depreciation Expense	311	372	313	533	676	949
Other Operating Expenses / (Income)	315	318	423	598	843	802
Impairment Charge	0.00	247	0.00	143	153	162
Other Special Charges / (Income)	-0.02	0.00	-8.79	-4.64	0.00	-29
Total Other Income / (Expense), net	-180	158	-916	-767	20	-387
Interest Expense	54	38	51	96	146	275
Interest & Investment Income	0.00	0.00	0.37	4.62	-0.41	0.73
Other Income / (Expense), net	-127	196	-866	-676	167	-113
Income Tax Expense	0.03	0.01	-0.31	36	23	-31
Net Income / (Loss) Attributable to Noncontrolling Interest	0.87	-97	-74	384	254	-23
Basic Earnings per Share	$0.00	$0.00	$0.00	$2.20	$1.02	($0.88)
Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	168.72M	170.87M	201.23M
Diluted Earnings per Share	$0.00	$0.00	$0.00	$2.20	$1.02	($0.88)
Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	168.97M	171.67M	201.23M
Weighted Average Basic & Diluted Shares Outstanding	-	-	169.49M	166.93M	179.66M	258.47M

This table shows Crescent Energy's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	118	8.79	60	5.15	-53	56	-24	38	-9.95	-118	-2.15
Consolidated Net Income / (Loss)	555	49	256	57	-131	140	-32	70	-5.58	-170	5.91
Net Income / (Loss) Continuing Operations	555	49	256	57	-131	140	-32	70	-5.58	-170	5.91
Total Pre-Tax Income	594	51	272	67	-152	158	-37	82	-7.22	-207	8.52
Total Operating Income	418	104	151	64	142	-31	134	119	-7.42	-28	172
Total Gross Profit	820	816	590	441	581	536	657	587	655	1,031	845
Total Revenue	865	685	590	492	642	658	657	653	745	875	950
Operating Revenue	865	685	590	492	642	658	657	653	745	875	950
Total Cost of Revenue	45	-131	0.00	52	62	122	0.00	66	89	-155	105
Operating Cost of Revenue	45	-	-	52	62	-	-	66	89	-	105
Total Operating Expenses	403	712	440	377	439	567	523	468	663	1,058	673
Selling, General & Admin Expense	17	26	21	41	44	35	43	47	160	87	57
Exploration Expense	1.91	-0.42	-	1.54	0.00	-	-	0.19	15	-	0.31
Depreciation Expense	145	157	146	160	186	183	177	212	251	309	283
Other Operating Expenses / (Income)	239	-29	170	174	209	291	202	228	237	135	298
Impairment Charge	-	-	-	-	-	-	-	-	-	-	46
Other Special Charges / (Income)	-0.13	0.47	-	0.00	0.00	-	-	-19	0.01	-	-11
Total Other Income / (Expense), net	176	-53	121	2.62	-293	190	-171	-38	0.20	-179	-164
Interest Expense	27	27	29	31	42	43	65	42	98	69	73
Interest & Investment Income	0.83	0.53	0.16	0.12	0.12	-0.81	0.13	-0.05	0.04	0.61	0.39
Other Income / (Expense), net	202	-26	151	34	-251	234	-105	4.76	99	-110	-91
Income Tax Expense	38	1.76	16	9.18	-21	18	-4.21	12	-1.64	-37	2.61
Net Income / (Loss) Attributable to Noncontrolling Interest	437	41	196	52	-78	84	-8.20	33	4.37	-52	8.06
Basic Earnings per Share	$0.00	$2.93	$1.24	$0.00	$0.00	($0.22)	($0.25)	$0.00	$0.00	($0.63)	$0.00
Weighted Average Basic Shares Outstanding	0.00	168.72M	166.93M	0.00	0.00	170.87M	179.13M	0.00	0.00	201.23M	0.00
Diluted Earnings per Share	$0.00	$2.93	$1.24	$0.00	$0.00	($0.22)	($0.25)	$0.00	$0.00	($0.63)	$0.00
Weighted Average Diluted Shares Outstanding	0.00	168.97M	167.31M	0.00	0.00	171.67M	179.13M	0.00	0.00	201.23M	0.00
Weighted Average Basic & Diluted Shares Outstanding	166.93M	166.93M	167.01M	167.01M	179.66M	179.66M	177.46M	177.46M	228.29M	258.47M	255.25M

This table details how cash moves in and out of Crescent Energy's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	4.17	14	94	-120	-6.58	232
Net Cash From Operating Activities	486	411	233	1,012	936	1,223
Net Cash From Continuing Operating Activities	486	411	233	1,012	936	1,223
Net Income / (Loss) Continuing Operations	47	-216	-432	481	322	-138
Consolidated Net Income / (Loss)	47	-216	-432	481	322	-138
Depreciation Expense	311	372	313	533	676	949
Amortization Expense	4.73	4.94	7.65	8.89	13	13
Non-Cash Adjustments To Reconcile Net Income	102	238	364	-28	-146	516
Changes in Operating Assets and Liabilities, net	21	12	-19	18	71	-118
Net Cash From Investing Activities	-328	-125	-245	-1,124	-1,399	-1,198
Net Cash From Continuing Investing Activities	-328	-125	-245	-1,124	-1,399	-1,198
Purchase of Property, Plant & Equipment	-339	-126	-271	-1,219	-1,431	-1,244
Purchase of Investments	-5.41	-9.07	-8.54	-8.96	-12	-7.11
Divestitures	16	9.36	26	93	29	55
Sale and/or Maturity of Investments	5.41	9.05	12	7.20	13	7.20
Other Investing Activities, net	-5.31	-8.12	-2.80	3.54	2.76	-8.87
Net Cash From Financing Activities	-153	-272	105	-7.84	456	207
Net Cash From Continuing Financing Activities	-153	-272	105	-7.84	456	207
Repayment of Debt	-564	-485	-1,119	-1,195	-2,831	-3,939
Repurchase of Common Equity	0.00	0.00	-18	-36	-2.41	-49
Payment of Dividends	-143	-63	-39	-167	-127	-1,307
Issuance of Debt	553	276	1,247	1,385	3,268	5,243
Issuance of Common Equity	0.25	0.00	35	0.06	147	335
Other Financing Activities, net	-	-	-	5.99	1.24	-75

This table details how cash moves in and out of Crescent Energy's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	-34	-14	1.31	59	191	-259	2.44	776	-609	63	-217
Net Cash From Operating Activities	399	215	240	183	189	323	184	287	368	384	337
Net Cash From Continuing Operating Activities	399	215	240	183	189	323	184	287	368	384	337
Net Income / (Loss) Continuing Operations	555	49	256	57	-131	140	-32	70	-5.58	-170	5.91
Consolidated Net Income / (Loss)	555	49	256	57	-131	140	-32	70	-5.58	-170	5.91
Depreciation Expense	145	157	146	160	186	183	177	212	251	309	283
Amortization Expense	2.51	2.46	1.05	4.69	3.43	3.65	4.38	1.42	3.99	3.60	3.75
Non-Cash Adjustments To Reconcile Net Income	-427	51	-209	-31	213	-119	134	-27	53	357	159
Changes in Operating Assets and Liabilities, net	123	-45	45	-7.59	-82	115	-98	30	65	-115	-114
Net Cash From Investing Activities	-197	-63	-195	-180	-691	-333	-157	-129	-548	-364	-1,057
Net Cash From Continuing Investing Activities	-197	-63	-195	-180	-691	-333	-157	-129	-548	-364	-1,057
Purchase of Property, Plant & Equipment	-200	-151	-202	-196	-696	-337	-156	-152	-547	-389	-1,064
Purchase of Investments	-1.79	-1.78	-1.78	-7.10	-1.78	-1.78	-1.78	-1.78	-1.78	-1.78	-1.78
Divestitures	4.00	88	4.89	17	2.92	4.59	0.00	23	6.51	25	6.93
Sale and/or Maturity of Investments	1.80	1.80	1.80	7.12	1.80	1.80	1.80	1.80	1.80	1.80	1.80
Other Investing Activities, net	-0.75	-0.42	1.81	-	1.50	-0.54	-1.14	-0.56	-7.11	-0.06	0.00
Net Cash From Financing Activities	-236	-166	-44	56	693	-249	-24	618	-429	42	503
Net Cash From Continuing Financing Activities	-236	-166	-44	56	693	-249	-24	618	-429	42	503
Repayment of Debt	-352	-195	-617	-245	-992	-977	-1,346	-387	-2,056	-149	-534
Repurchase of Common Equity	-36	-	0.00	-	-2.41	-	-23	-0.86	-23	-2.91	-5.31
Payment of Dividends	-42	-56	-39	-31	-28	-29	-30	-29	-40	-1,208	-37
Issuance of Debt	200	68	612	330	1,570	757	1,375	1,036	1,686	1,147	1,080

This table presents Crescent Energy's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	3,907	5,157	6,020	6,803	9,161
Total Current Assets	220	480	517	616	788
Cash & Equivalents	37	129	0.00	2.97	133
Restricted Cash	-	-	-	0.26	5.49
Accounts Receivable	112	342	460	507	542
Prepaid Expenses	1.95	8.64	13	40	43
Other Current Assets	70	0.20	44	65	65
Plant, Property, & Equipment, net	3,642	4,555	5,438	6,116	8,145
Plant, Property & Equipment, gross	5,337	6,497	7,605	9,056	12,072
Accumulated Depreciation	1,695	1,942	2,167	2,941	3,927
Total Noncurrent Assets	45	123	65	72	228
Long-Term Investments	0.00	15	15	6.08	14
Other Noncurrent Operating Assets	45	31	50	66	214
Total Liabilities & Shareholders' Equity	3,907	5,157	6,020	6,803	9,161
Total Liabilities	1,014	2,138	2,721	3,168	4,793
Total Current Liabilities	121	616	894	750	827
Accounts Payable	90	347	552	666	759
Other Current Liabilities	31	270	341	84	69
Total Noncurrent Liabilities	894	1,522	1,827	2,417	3,965
Long-Term Debt	751	1,030	1,248	1,694	3,049
Capital Lease Obligations	0.00	3.51	7.41	7.07	3.53
Asset Retirement Reserve & Litigation Obligation	106	258	347	418	449
Noncurrent Deferred & Payable Income Tax Liabilities	0.00	83	147	263	370
Other Noncurrent Operating Liabilities	36	147	78	35	93
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	0.00	2,325	2,437	1,901	1,228
Total Equity & Noncontrolling Interests	2,893	695	862	1,735	3,140
Total Preferred & Common Equity	2,717	682	848	1,705	3,130
Preferred Stock	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,717	682	848	1,705	3,130
Common Stock	2,717	720	805	1,627	3,227
Retained Earnings	0.00	-19	62	95	-65
Treasury Stock	0.00	-18	-18	-17	-32
Noncontrolling Interest	176	12	14	30	9.34

This table presents Crescent Energy's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	6,230	6,112	6,148	6,986	6,798	7,481	9,250	9,872
Total Current Assets	580	540	597	903	564	1,334	865	679
Cash & Equivalents	22	2.93	2.25	229	5.32	778	136	6.26
Restricted Cash	-	-	69	33	-	-	-	3.25
Accounts Receivable	520	470	440	579	470	481	509	613
Prepaid Expenses	21	37	37	51	40	46	47	39
Other Current Assets	17	30	49	11	49	29	173	18
Plant, Property, & Equipment, net	5,507	5,505	5,483	6,014	6,167	6,044	8,208	9,067
Plant, Property & Equipment, gross	7,808	7,808	7,929	8,634	9,275	9,310	11,703	13,284
Accumulated Depreciation	2,301	2,303	2,446	2,620	3,108	3,266	3,495	4,218
Total Noncurrent Assets	142	67	68	70	67	102	177	126
Long-Term Investments	15	13	13	11	6.20	6.15	13	14
Other Noncurrent Operating Assets	50	54	56	59	61	96	164	113
Total Liabilities & Shareholders' Equity	6,230	6,112	6,148	6,986	6,798	7,481	9,250	9,872
Total Liabilities	2,961	2,588	2,631	3,470	3,255	3,894	5,055	5,438
Total Current Liabilities	1,040	786	672	881	748	712	930	870
Accounts Payable	636	606	537	603	611	608	790	758
Other Current Liabilities	404	180	136	278	137	104	140	113
Total Noncurrent Liabilities	1,921	1,802	1,958	2,590	2,507	3,181	4,125	4,568
Long-Term Debt	1,372	1,245	1,332	1,912	1,749	2,404	3,225	3,597
Capital Lease Obligations	5.03	7.15	7.64	7.76	6.19	5.32	4.38	3.71
Asset Retirement Reserve & Litigation Obligation	290	354	360	373	424	407	442	468
Noncurrent Deferred & Payable Income Tax Liabilities	142	163	241	234	288	306	388	368
Other Noncurrent Operating Liabilities	112	33	18	63	39	60	66	132
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	2,420	2,607	2,039	1,889	1,547	1,446	1,320	1,169
Total Equity & Noncontrolling Interests	849	916	1,478	1,627	1,996	2,141	2,875	3,265
Total Preferred & Common Equity	845	902	1,458	1,602	1,971	2,120	2,860	3,255
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	845	902	1,458	1,602	1,971	2,120	2,860	3,255
Common Stock	802	806	1,362	1,568	1,929	2,054	2,839	3,360
Retained Earnings	61	114	113	51	59	83	53	-67
Treasury Stock	-18	-18	-17	-17	-17	-17	-32	-38
Noncontrolling Interest	4.07	15	20	25	25	21	15	9.76

This table displays calculated financial ratios and metrics derived from Crescent Energy's official financial filings.

Metric	2019	2020	2021	2022	2023	2024
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-
Revenue Growth	0.00%	-30.63%	95.83%	106.98%	-22.06%	23.01%
EBITDA Growth	0.00%	-52.13%	-130.98%	1,963.09%	2.61%	-9.43%
EBIT Growth	0.00%	-277.45%	-114.69%	259.15%	-19.20%	-78.46%
NOPAT Growth	0.00%	-215.23%	229.47%	252.61%	-74.63%	-49.51%
Net Income Growth	0.00%	-562.70%	-99.99%	211.19%	-33.00%	-142.76%
EPS Growth	0.00%	0.00%	0.00%	0.00%	-53.64%	-186.27%
Operating Cash Flow Growth	0.00%	-15.34%	-43.28%	334.22%	-7.57%	30.70%
Free Cash Flow Firm Growth	0.00%	0.00%	100.94%	1,450.87%	-186.08%	-267.85%
Invested Capital Growth	0.00%	0.00%	8.38%	16.10%	17.38%	36.43%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	7.81%	-1.12%	8.02%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	-2.00%	14.68%	-16.69%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	-14.46%	33.85%	-76.27%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	-6.00%	-32.27%	-18.80%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	-19.92%	39.18%	-179.92%
EPS Q/Q Growth	0.00%	0.00%	0.00%	401.37%	-75.54%	-87.23%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	14.80%	13.03%	5.30%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-356.28%	7.08%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	-1.53%	3.19%	-0.09%
Profitability Metrics	-	-	-	-	-	-
Gross Margin	100.00%	77.05%	87.34%	100.00%	90.13%	100.00%
EBITDA Margin	38.28%	26.42%	-4.18%	37.62%	49.53%	36.46%
Operating Margin	20.89%	-49.54%	32.75%	42.01%	13.63%	7.45%
EBIT Margin	9.23%	-23.60%	-25.87%	19.90%	20.63%	3.61%
Profit (Net Income) Margin	4.30%	-28.66%	-29.26%	15.72%	13.51%	-4.70%
Tax Burden Percent	99.94%	100.01%	99.93%	92.98%	93.27%	81.59%
Interest Burden Percent	46.59%	121.41%	113.18%	84.99%	70.25%	-159.39%
Effective Tax Rate	0.06%	0.00%	0.00%	7.02%	6.73%	0.00%
Return on Invested Capital (ROIC)	0.00%	-14.50%	9.01%	28.27%	6.14%	2.43%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-1.78%	-87.10%	-38.73%	7.44%	-10.23%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-0.44%	-23.63%	-13.05%	3.15%	-5.87%
Return on Equity (ROE)	0.00%	-14.94%	-14.62%	15.21%	9.29%	-3.44%
Cash Return on Invested Capital (CROIC)	0.00%	-214.50%	0.97%	13.37%	-9.85%	-28.39%
Operating Return on Assets (OROA)	0.00%	-4.56%	-8.43%	10.88%	7.66%	1.33%
Return on Assets (ROA)	0.00%	-5.53%	-9.54%	8.60%	5.02%	-1.72%
Return on Common Equity (ROCE)	0.00%	-14.03%	-8.40%	3.68%	3.42%	-2.08%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-7.95%	-63.36%	56.67%	18.89%	-4.40%
Net Operating Profit after Tax (NOPAT)	227	-262	339	1,194	303	153
NOPAT Margin	20.88%	-34.68%	22.93%	39.06%	12.71%	5.22%
Net Nonoperating Expense Percent (NNEP)	0.00%	-12.72%	96.11%	66.99%	-1.30%	12.65%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	56.39%	8.82%	2.47%
Cost of Revenue to Revenue	0.00%	22.95%	12.67%	0.00%	9.87%	0.00%
SG&A Expenses to Revenue	0.22%	2.19%	5.30%	2.78%	5.91%	11.47%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	79.11%	126.58%	54.58%	57.99%	76.50%	92.55%
Earnings before Interest and Taxes (EBIT)	100	-178	-382	608	491	106
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	416	199	-62	1,150	1,180	1,069
Valuation Ratios	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	2.16	1.34	1.07
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	2.16	1.34	1.07
Price to Revenue (P/Rev)	0.00	0.00	0.00	0.60	0.96	1.14
Price to Earnings (P/E)	0.00	0.00	0.00	18.95	33.71	0.00
Dividend Yield	0.00%	0.00%	0.00%	5.74%	4.18%	3.29%
Earnings Yield	0.00%	0.00%	0.00%	5.28%	2.97%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	1.22	1.11	1.03
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	1.81	2.48	2.55
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	4.80	5.00	6.99
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	9.08	12.01	70.59
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	4.63	19.49	48.87
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	5.46	6.31	6.11
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	9.78	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-
Debt to Equity	0.00	0.26	0.34	0.38	0.47	0.70
Long-Term Debt to Equity	0.00	0.26	0.34	0.38	0.47	0.70
Financial Leverage	0.00	0.25	0.27	0.34	0.42	0.57
Leverage Ratio	0.00	1.35	1.53	1.77	1.85	1.99
Compound Leverage Factor	0.00	1.64	1.74	1.50	1.30	-3.18
Debt to Total Capital	0.00%	20.61%	25.51%	27.56%	31.88%	41.14%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	20.61%	25.51%	27.56%	31.88%	41.14%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	4.84%	57.66%	53.82%	36.18%	16.68%
Common Equity to Total Capital	0.00%	74.55%	16.83%	18.62%	31.94%	42.18%
Debt to EBITDA	0.00	3.77	-16.75	1.09	1.44	2.86
Net Debt to EBITDA	0.00	3.58	-14.42	1.08	1.43	2.71
Long-Term Debt to EBITDA	0.00	3.77	-16.75	1.09	1.44	2.86
Debt to NOPAT	0.00	-2.87	3.05	1.05	5.62	19.96
Net Debt to NOPAT	0.00	-2.73	2.63	1.04	5.59	18.97
Long-Term Debt to NOPAT	0.00	-2.87	3.05	1.05	5.62	19.96
Altman Z-Score	0.00	0.00	0.00	1.18	1.02	0.76
Noncontrolling Interest Sharing Ratio	0.00%	6.09%	42.51%	75.78%	63.19%	39.59%
Liquidity Ratios	-	-	-	-	-	-
Current Ratio	0.00	1.83	0.78	0.58	0.82	0.95
Quick Ratio	0.00	1.23	0.76	0.51	0.68	0.82
Cash Flow Metrics	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-3,869	36	565	-486	-1,788
Operating Cash Flow to CapEx	143.37%	325.79%	86.13%	83.03%	65.41%	98.30%
Free Cash Flow to Firm to Interest Expense	0.00	-101.53	0.72	5.89	-3.33	-6.49
Operating Cash Flow to Interest Expense	9.06	10.79	4.59	10.55	6.42	4.44
Operating Cash Flow Less CapEx to Interest Expense	2.74	7.48	-0.74	-2.16	-3.39	-0.08
Efficiency Ratios	-	-	-	-	-	-
Asset Turnover	0.00	0.19	0.33	0.55	0.37	0.37
Accounts Receivable Turnover	0.00	6.74	6.51	7.62	4.93	5.59
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.21	0.36	0.61	0.41	0.41
Accounts Payable Turnover	0.00	1.93	0.86	0.00	0.39	0.00
Days Sales Outstanding (DSO)	0.00	54.12	56.10	47.87	74.03	65.32
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	189.13	425.63	0.00	945.66	0.00
Cash Conversion Cycle (CCC)	0.00	-135.02	-369.53	47.87	-871.63	65.32
Capital & Investment Metrics	-	-	-	-	-	-
Invested Capital	0.00	3,607	3,910	4,539	5,328	7,269
Invested Capital Turnover	0.00	0.42	0.39	0.72	0.48	0.47
Increase / (Decrease) in Invested Capital	0.00	3,607	302	629	789	1,941
Enterprise Value (EV)	0.00	0.00	0.00	5,523	5,902	7,474
Market Capitalization	0.00	0.00	0.00	1,832	2,279	3,335
Book Value per Share	$0.00	$0.00	$4.03	$5.08	$9.49	$13.71
Tangible Book Value per Share	$0.00	$0.00	$3.57	$5.08	$9.49	$13.71
Total Capital	0.00	3,644	4,054	4,554	5,337	7,421
Total Debt	0.00	751	1,034	1,255	1,701	3,053
Total Long-Term Debt	0.00	751	1,034	1,255	1,701	3,053
Net Debt	0.00	714	890	1,240	1,692	2,901
Capital Expenditures (CapEx)	339	126	271	1,219	1,431	1,244
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	63	-265	-377	-138	-178
Debt-free Net Working Capital (DFNWC)	0.00	100	-137	-377	-135	-39
Net Working Capital (NWC)	0.00	100	-137	-377	-135	-39
Net Nonoperating Expense (NNE)	180	-45	771	713	-19	291
Net Nonoperating Obligations (NNO)	0.00	714	890	1,240	1,692	2,901
Total Depreciation and Amortization (D&A)	316	377	320	542	689	963
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	8.34%	-17.95%	-12.33%	-5.79%	-6.06%
Debt-free Net Working Capital to Revenue	0.00%	13.23%	-9.24%	-12.33%	-5.65%	-1.34%
Net Working Capital to Revenue	0.00%	13.23%	-9.24%	-12.33%	-5.65%	-1.34%
Earnings Adjustments	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($0.46)	$2.20	$1.02	($0.88)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	169.49M	168.72M	170.87M	201.23M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($0.46)	$2.20	$1.02	($0.88)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	169.49M	168.97M	171.67M	201.23M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	169.49M	166.93M	179.66M	258.47M
Normalized Net Operating Profit after Tax (NOPAT)	227	-88	332	1,323	446	245
Normalized NOPAT Margin	20.87%	-11.73%	22.51%	43.26%	18.72%	8.37%
Pre Tax Income Margin	4.30%	-28.65%	-29.29%	16.91%	14.49%	-5.76%
Debt Service Ratios	-	-	-	-	-	-
EBIT to Interest Expense	1.87	-4.67	-7.53	6.34	3.37	0.38
NOPAT to Interest Expense	4.24	-6.86	6.67	12.45	2.08	0.56
EBIT Less CapEx to Interest Expense	-4.45	-7.98	-12.87	-6.37	-6.44	-4.13
NOPAT Less CapEx to Interest Expense	-2.08	-10.17	1.34	-0.26	-7.73	-3.96
Payout Ratios	-	-	-	-	-	-
Dividend Payout Ratio	305.59%	-28.95%	-9.14%	34.85%	39.54%	-949.52%
Augmented Payout Ratio	305.59%	-28.95%	-13.40%	42.38%	40.29%	-985.32%

This table displays calculated financial ratios and metrics derived from Crescent Energy's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	136.50%	47.81%	-1.46%	-45.80%	-25.73%	-3.95%	11.41%	32.69%	15.95%	33.08%	44.52%
EBITDA Growth	1,133.85%	-8.99%	244.01%	-42.52%	-89.54%	63.52%	-53.30%	28.86%	331.78%	-55.07%	75.48%
EBIT Growth	517.06%	-56.85%	173.06%	-69.70%	-117.69%	159.32%	-90.51%	27.11%	183.07%	-168.18%	184.63%
NOPAT Growth	317.57%	-38.17%	-23.08%	-88.26%	-74.63%	-127.67%	-33.71%	85.71%	-105.24%	30.62%	27.31%
Net Income Growth	442.72%	-70.78%	162.96%	-79.61%	-123.61%	183.65%	-112.66%	22.15%	95.74%	-221.38%	118.26%
EPS Growth	0.00%	0.00%	161.08%	-100.00%	0.00%	-107.51%	-120.16%	0.00%	0.00%	-186.36%	100.00%
Operating Cash Flow Growth	253.15%	154.41%	74.88%	-29.75%	-52.53%	50.16%	-23.46%	56.39%	94.33%	19.07%	83.44%
Free Cash Flow Firm Growth	0.00%	0.00%	86.93%	87.28%	89.22%	-54.38%	15.49%	29.90%	-365.79%	-140.00%	-501.32%
Invested Capital Growth	0.00%	16.10%	15.93%	12.62%	12.01%	17.38%	11.07%	9.19%	40.91%	36.43%	51.53%
Revenue Q/Q Growth	-4.79%	-20.83%	-13.82%	-16.57%	30.48%	2.39%	-0.04%	-0.64%	14.02%	17.51%	8.56%
EBITDA Q/Q Growth	68.24%	-69.02%	88.67%	-41.55%	-69.39%	384.46%	-46.12%	61.30%	2.55%	-49.59%	110.43%
EBIT Q/Q Growth	92.36%	-87.42%	286.00%	-67.57%	-212.28%	284.49%	-85.88%	334.54%	-26.62%	-251.42%	158.96%
NOPAT Q/Q Growth	-16.94%	-74.31%	41.03%	-60.98%	79.42%	-128.02%	437.89%	9.31%	-105.07%	-270.79%	719.97%
Net Income Q/Q Growth	97.00%	-91.11%	417.85%	-77.52%	-328.11%	206.79%	-123.12%	316.92%	-107.95%	-2,946.16%	103.48%
EPS Q/Q Growth	-100.00%	0.00%	-57.68%	-100.00%	0.00%	0.00%	-13.64%	100.00%	0.00%	0.00%	100.00%
Operating Cash Flow Q/Q Growth	52.74%	-46.10%	11.66%	-23.58%	3.20%	70.52%	-43.08%	56.13%	28.24%	4.48%	-12.31%
Free Cash Flow Firm Q/Q Growth	-11.96%	87.46%	3.10%	6.46%	5.19%	-79.64%	46.98%	22.41%	-530.02%	7.44%	-32.90%
Invested Capital Q/Q Growth	8.75%	-1.53%	4.87%	0.28%	8.17%	3.19%	-0.77%	-1.42%	39.60%	-0.09%	10.21%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	94.83%	119.17%	100.00%	89.53%	90.39%	81.47%	100.00%	89.92%	88.00%	117.74%	88.92%
EBITDA Margin	88.74%	34.73%	76.03%	53.27%	12.49%	59.12%	31.87%	51.73%	46.53%	19.96%	38.69%
Operating Margin	48.28%	15.18%	25.51%	13.01%	22.03%	-4.77%	20.38%	18.27%	-1.00%	-3.14%	18.13%
EBIT Margin	71.68%	11.39%	51.03%	19.84%	-17.07%	30.76%	4.35%	19.00%	12.23%	-15.76%	8.56%
Profit (Net Income) Margin	64.21%	7.21%	43.31%	11.67%	-20.41%	21.29%	-4.92%	10.75%	-0.75%	-19.42%	0.62%
Tax Burden Percent	93.52%	96.55%	93.98%	86.23%	86.40%	88.42%	88.49%	85.90%	77.28%	82.22%	69.35%
Interest Burden Percent	95.77%	65.53%	90.32%	68.25%	138.38%	78.27%	-128.02%	65.84%	-7.93%	149.86%	10.48%
Effective Tax Rate	6.48%	3.45%	6.02%	13.77%	0.00%	11.58%	0.00%	14.10%	0.00%	0.00%	30.65%
Return on Invested Capital (ROIC)	55.55%	10.60%	16.49%	6.55%	7.61%	-2.04%	6.96%	8.21%	-0.30%	-1.02%	6.09%
ROIC Less NNEP Spread (ROIC-NNEP)	80.14%	5.82%	24.84%	6.72%	-7.80%	9.41%	-1.51%	5.96%	-0.32%	-7.59%	1.83%
Return on Net Nonoperating Assets (RNNOA)	32.86%	1.96%	11.07%	2.88%	-3.44%	3.98%	-0.64%	2.42%	-0.20%	-4.35%	1.22%
Return on Equity (ROE)	88.41%	12.57%	27.56%	9.43%	4.17%	1.94%	6.32%	10.63%	-0.50%	-5.38%	7.31%
Cash Return on Invested Capital (CROIC)	0.00%	13.37%	10.06%	3.38%	-2.18%	-9.85%	-4.80%	-2.21%	-30.94%	-28.39%	-38.27%
Operating Return on Assets (OROA)	32.63%	6.23%	25.32%	8.41%	-6.22%	11.43%	1.65%	7.28%	4.09%	-5.79%	3.31%
Return on Assets (ROA)	29.22%	3.94%	21.49%	4.95%	-7.44%	7.91%	-1.87%	4.12%	-0.25%	-7.13%	0.24%
Return on Common Equity (ROCE)	22.85%	3.04%	5.93%	3.10%	1.50%	0.71%	2.57%	5.35%	-0.29%	-3.25%	4.79%
Return on Equity Simple (ROE_SIMPLE)	71.03%	0.00%	126.70%	62.95%	14.44%	0.00%	1.73%	2.20%	6.02%	0.00%	-3.05%
Net Operating Profit after Tax (NOPAT)	391	100	142	55	99	-28	94	103	-5.20	-19	119
NOPAT Margin	45.15%	14.65%	23.98%	11.22%	15.42%	-4.22%	14.27%	15.70%	-0.70%	-2.20%	12.57%
Net Nonoperating Expense Percent (NNEP)	-24.59%	4.79%	-8.35%	-0.17%	15.41%	-11.44%	8.47%	2.25%	0.02%	6.56%	4.27%
Return On Investment Capital (ROIC_SIMPLE)	-	4.74%	-	-	-	-0.81%	-	-	-	-0.31%	1.74%
Cost of Revenue to Revenue	5.17%	-19.17%	0.00%	10.47%	9.61%	18.53%	0.00%	10.08%	12.00%	-17.74%	11.08%
SG&A Expenses to Revenue	2.00%	3.72%	3.60%	8.36%	6.82%	5.27%	6.50%	7.22%	21.44%	9.90%	5.97%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	46.55%	103.99%	74.49%	76.53%	68.36%	86.24%	79.62%	71.65%	88.99%	120.88%	70.79%
Earnings before Interest and Taxes (EBIT)	620	78	301	98	-110	202	29	124	91	-138	81
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	768	238	449	262	80	389	210	338	347	175	368
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.47	2.16	1.97	1.13	1.26	1.34	1.06	0.98	0.68	1.07	0.89
Price to Tangible Book Value (P/TBV)	2.71	2.16	1.97	1.13	1.26	1.34	1.06	0.98	0.68	1.07	0.89
Price to Revenue (P/Rev)	0.73	0.60	0.58	0.63	0.84	0.96	0.85	0.80	0.72	1.14	0.90
Price to Earnings (P/E)	30.40	18.95	7.34	8.60	96.95	33.71	0.00	129.69	32.95	0.00	0.00
Dividend Yield	3.74%	5.74%	6.41%	6.37%	4.79%	4.18%	4.12%	4.09%	4.38%	3.29%	4.27%
Earnings Yield	3.29%	5.28%	13.63%	11.62%	1.03%	2.97%	0.00%	0.77%	3.03%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.27	1.22	1.18	1.04	1.08	1.11	1.02	0.99	0.87	1.03	0.96
Enterprise Value to Revenue (EV/Rev)	2.06	1.81	1.85	1.89	2.32	2.48	2.21	1.98	2.34	2.55	2.38
Enterprise Value to EBITDA (EV/EBITDA)	4.98	4.80	2.95	2.89	5.43	5.00	5.75	5.09	4.96	6.99	6.24
Enterprise Value to EBIT (EV/EBIT)	8.22	9.08	4.26	4.53	15.21	12.01	24.72	21.08	14.25	70.59	48.30
Enterprise Value to NOPAT (EV/NOPAT)	4.60	4.63	5.12	7.23	12.49	19.49	18.93	15.75	33.76	48.87	42.64
Enterprise Value to Operating Cash Flow (EV/OCF)	6.63	5.46	5.05	4.79	6.74	6.31	6.15	5.26	5.47	6.11	5.57
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	9.78	12.62	32.65	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.42	0.38	0.36	0.38	0.55	0.47	0.50	0.67	0.77	0.70	0.81
Long-Term Debt to Equity	0.42	0.38	0.36	0.38	0.55	0.47	0.50	0.67	0.77	0.70	0.81
Financial Leverage	0.41	0.34	0.45	0.43	0.44	0.42	0.42	0.41	0.61	0.57	0.67
Leverage Ratio	1.91	1.77	2.00	1.97	1.95	1.85	1.83	1.92	2.11	1.99	2.09
Compound Leverage Factor	1.83	1.16	1.81	1.34	2.70	1.45	-2.34	1.26	-0.17	2.99	0.22
Debt to Total Capital	29.64%	27.56%	26.21%	27.57%	35.32%	31.88%	33.13%	40.18%	43.50%	41.14%	44.81%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	29.64%	27.56%	26.21%	27.57%	35.32%	31.88%	33.13%	40.18%	43.50%	41.14%	44.81%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	52.17%	53.82%	54.91%	42.41%	35.21%	36.18%	29.67%	24.47%	17.99%	16.68%	14.67%
Common Equity to Total Capital	18.18%	18.62%	18.88%	30.02%	29.47%	31.94%	37.20%	35.36%	38.52%	42.18%	40.52%
Debt to EBITDA	1.17	1.09	0.66	0.78	1.87	1.44	1.87	2.37	2.52	2.86	2.93
Net Debt to EBITDA	1.14	1.08	0.65	0.73	1.60	1.43	1.85	1.60	2.40	2.71	2.92
Long-Term Debt to EBITDA	1.17	1.09	0.66	0.78	1.87	1.44	1.87	2.37	2.52	2.86	2.93
Debt to NOPAT	1.08	1.05	1.14	1.95	4.29	5.62	6.14	7.34	17.15	19.96	20.04
Net Debt to NOPAT	1.06	1.04	1.12	1.83	3.68	5.59	6.10	4.95	16.35	18.97	19.91
Long-Term Debt to NOPAT	1.08	1.05	1.14	1.95	4.29	5.62	6.14	7.34	17.15	19.96	20.04
Altman Z-Score	1.13	0.89	1.05	0.87	0.66	0.88	0.74	0.84	0.56	0.67	0.64
Noncontrolling Interest Sharing Ratio	74.15%	75.78%	78.47%	67.13%	63.94%	63.19%	59.35%	49.64%	42.14%	39.59%	34.48%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.56	0.58	0.69	0.89	1.03	0.82	0.75	1.87	0.93	0.95	0.78
Quick Ratio	0.52	0.51	0.60	0.66	0.92	0.68	0.64	1.77	0.69	0.82	0.71
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-4,219	-529	-513	-479	-455	-817	-433	-336	-2,118	-1,960	-2,605
Operating Cash Flow to CapEx	199.28%	142.01%	118.96%	93.41%	27.21%	95.91%	117.54%	189.09%	67.24%	98.84%	31.69%
Free Cash Flow to Firm to Interest Expense	-155.92	-19.29	-17.48	-15.40	-10.77	-18.92	-6.64	-7.94	-21.53	-28.25	-35.59
Operating Cash Flow to Interest Expense	14.74	7.84	8.19	5.89	4.49	7.48	2.82	6.77	3.74	5.54	4.61
Operating Cash Flow Less CapEx to Interest Expense	7.34	2.32	1.30	-0.42	-12.00	-0.32	0.42	3.19	-1.82	-0.07	-9.93
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.46	0.55	0.50	0.42	0.36	0.37	0.38	0.38	0.33	0.37	0.39
Accounts Receivable Turnover	5.45	7.62	6.20	5.08	4.38	4.93	5.21	5.67	4.99	5.59	5.96
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.51	0.61	0.56	0.48	0.42	0.41	0.42	0.45	0.38	0.41	0.42
Accounts Payable Turnover	0.35	0.00	0.22	0.24	0.26	0.39	0.00	0.03	0.06	0.00	0.05
Days Sales Outstanding (DSO)	66.94	47.87	58.89	71.83	83.25	74.03	70.03	64.36	73.16	65.32	61.28
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	1,029.82	0.00	1,654.52	1,506.19	1,421.72	945.66	0.00	14,584.23	6,052.58	0.00	6,990.91
Cash Conversion Cycle (CCC)	-962.87	47.87	-1,595.63	-1,434.35	-1,338.47	-871.63	70.03	-14,519.86	-5,979.41	65.32	-6,929.63
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,609	4,539	4,760	4,773	5,163	5,328	5,287	5,212	7,276	7,269	8,011
Invested Capital Turnover	1.23	0.72	0.69	0.58	0.49	0.48	0.49	0.52	0.44	0.47	0.48
Increase / (Decrease) in Invested Capital	4,609	629	654	535	554	789	527	439	2,112	1,941	2,724
Enterprise Value (EV)	5,847	5,523	5,630	4,968	5,584	5,902	5,410	5,172	6,359	7,474	7,661
Market Capitalization	2,083	1,832	1,772	1,653	2,023	2,279	2,094	2,081	1,943	3,335	2,905
Book Value per Share	$4.99	$5.08	$5.40	$8.73	$9.59	$9.49	$10.97	$11.95	$16.12	$13.71	$12.59
Tangible Book Value per Share	$4.53	$5.08	$5.40	$8.73	$9.59	$9.49	$10.97	$11.95	$16.12	$13.71	$12.59
Total Capital	4,646	4,554	4,775	4,857	5,436	5,337	5,298	5,996	7,425	7,421	8,034
Total Debt	1,377	1,255	1,252	1,339	1,920	1,701	1,755	2,409	3,230	3,053	3,601
Total Long-Term Debt	1,377	1,255	1,252	1,339	1,920	1,701	1,755	2,409	3,230	3,053	3,601
Net Debt	1,340	1,240	1,236	1,256	1,647	1,692	1,744	1,625	3,080	2,901	3,577
Capital Expenditures (CapEx)	200	151	202	196	696	337	156	152	547	389	1,064
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-482	-377	-249	-146	-240	-138	-190	-156	-201	-178	-200
Debt-free Net Working Capital (DFNWC)	-459	-377	-246	-75	22	-135	-184	622	-65	-39	-191
Net Working Capital (NWC)	-459	-377	-246	-75	22	-135	-184	622	-65	-39	-191
Net Nonoperating Expense (NNE)	-165	51	-114	-2.25	230	-168	126	32	0.38	151	114
Net Nonoperating Obligations (NNO)	1,340	1,240	1,236	1,256	1,647	1,692	1,744	1,625	3,080	2,901	3,577
Total Depreciation and Amortization (D&A)	148	160	148	165	190	187	181	214	255	313	286
Debt-free, Cash-free Net Working Capital to Revenue	-16.99%	-12.33%	-8.17%	-5.56%	-9.95%	-5.79%	-7.74%	-5.98%	-7.42%	-6.06%	-6.22%
Debt-free Net Working Capital to Revenue	-16.20%	-12.33%	-8.07%	-2.87%	0.93%	-5.65%	-7.52%	23.82%	-2.40%	-1.34%	-5.92%
Net Working Capital to Revenue	-16.20%	-12.33%	-8.07%	-2.87%	0.93%	-5.65%	-7.52%	23.82%	-2.40%	-1.34%	-5.92%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.74	$2.93	$1.24	$0.11	$0.00	($0.22)	($0.25)	$0.00	$0.00	($0.63)	$0.00
Adjusted Weighted Average Basic Shares Outstanding	168.99M	168.72M	166.93M	167.01M	0.00	170.87M	179.13M	0.00	0.00	201.23M	0.00
Adjusted Diluted Earnings per Share	$2.74	$2.93	$1.24	$0.11	$0.00	($0.22)	($0.25)	$0.00	$0.00	($0.63)	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	169.01M	168.97M	167.31M	167.36M	0.00	171.67M	179.13M	0.00	0.00	201.23M	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	166.93M	166.93M	167.01M	167.01M	179.66M	179.66M	177.46M	177.46M	228.29M	258.47M	255.25M
Normalized Net Operating Profit after Tax (NOPAT)	390	101	142	55	99	-28	94	86	-5.19	-19	144
Normalized NOPAT Margin	45.14%	14.72%	23.98%	11.22%	15.42%	-4.22%	14.27%	13.14%	-0.70%	-2.20%	15.11%
Pre Tax Income Margin	68.65%	7.47%	46.09%	13.54%	-23.62%	24.07%	-5.56%	12.51%	-0.97%	-23.61%	0.90%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	22.92	2.85	10.27	3.14	-2.60	4.69	0.44	2.93	0.93	-1.99	1.11
NOPAT to Interest Expense	14.43	3.66	4.83	1.77	2.35	-0.64	1.44	2.42	-0.05	-0.28	1.63
EBIT Less CapEx to Interest Expense	15.52	-2.68	3.39	-3.17	-19.09	-3.11	-1.96	-0.65	-4.64	-7.59	-13.43
NOPAT Less CapEx to Interest Expense	7.04	-1.86	-2.06	-4.54	-14.14	-8.44	-0.96	-1.16	-5.62	-5.88	-12.91
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	18.90%	34.85%	17.33%	18.35%	66.97%	39.54%	347.59%	247.87%	74.11%	-949.52%	-1,322.90%
Augmented Payout Ratio	28.00%	42.38%	17.33%	22.30%	68.02%	40.29%	421.41%	303.42%	101.04%	-985.32%	-1,355.00%

Financials Breakdown Chart

Key Financial Trends

The recent financial results for Crescent Energy (NYSE: CRGY) through Q1 2025 show a company experiencing mixed performance with signs of recovery but also ongoing challenges reflected in profitability and cash flows. Below is an analysis based on the last four years of quarterly financial data.

Operating revenue increased to $950.2 million in Q1 2025, up from $875.3 million in Q4 2024, showing growth in top-line sales.
The company reported a total gross profit of $844.9 million in Q1 2025, though this is down from $1.03 billion in Q4 2024, indicating a still-strong gross margin performance despite some erosion.
Net cash from continuing operating activities remains strong at $337.1 million in Q1 2025, a sign of healthy operational cash generation.
Total assets have increased to $9.87 billion by Q1 2025 from $6.8 billion in Q1 2023, indicating asset growth and possibly expansion.
Long-term debt increased to $3.6 billion by Q1 2025 from $1.7 billion in Q1 2023 showing the company has raised capital to possibly fund growth.
Despite positive revenue growth, net income attributable to common shareholders was negative $2.15 million in Q1 2025, showing continued challenges in profitability.
The company’s operating expenses remain high, with significant depreciation and other operating expenses consistently increasing, reducing operating income.
Dividends and common equity repurchases continue, with Q1 2025 cash outflows for dividends ($37.4 million) and buybacks ($5.3 million), which may impact liquidity but demonstrate shareholder return efforts.
Net income has been highly volatile over the past year, with losses of $169.9 million in Q4 2024 and profits swinging significantly quarter to quarter indicating earnings instability.
The net change in cash and equivalents was negative $217.2 million in Q1 2025, due largely to heavy investing cash outflows, reflecting significant capital expenditure spending.

Summary: Crescent Energy has seen revenue growth and strong cash flows from operations, supported by asset growth and capital raising. However, profitability remains inconsistent, with net losses in several recent quarters and high operating expenses weighing on earnings. The company is investing heavily in property, plant, and equipment, leading to substantial cash outflows which may pressure liquidity. Investors should watch for improvements in operational efficiency and sustained profitability in upcoming quarters.

10/24/25 01:27 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Crescent Energy's Financials

When does Crescent Energy's fiscal year end?

According to the most recent income statement we have on file, Crescent Energy's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Crescent Energy's net income changed over the last 5 years?

Crescent Energy's net income appears to be on an upward trend, with a most recent value of -$137.68 million in 2024, falling from $46.71 million in 2019. The previous period was $321.99 million in 2023. Find out what analysts predict for Crescent Energy in the coming months.

What is Crescent Energy's operating income?

Crescent Energy's total operating income in 2024 was $218.46 million, based on the following breakdown:

Total Gross Profit: $2.93 billion
Total Operating Expenses: $2.71 billion

How has Crescent Energy's revenue changed over the last 5 years?

Over the last 5 years, Crescent Energy's total revenue changed from $1.09 billion in 2019 to $2.93 billion in 2024, a change of 169.6%.

How much debt does Crescent Energy have?

Crescent Energy's total liabilities were at $4.79 billion at the end of 2024, a 51.3% increase from 2023, and a 372.6% increase since 2020.

How much cash does Crescent Energy have?

In the past 4 years, Crescent Energy's cash and equivalents has ranged from $0.00 in 2022 to $132.82 million in 2024, and is currently $132.82 million as of their latest financial filing in 2024.

How has Crescent Energy's book value per share changed over the last 5 years?

Over the last 5 years, Crescent Energy's book value per share changed from 0.00 in 2019 to 13.71 in 2024, a change of 1,371.2%.

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This page (NYSE:CRGY) was last updated on 10/24/2025 by MarketBeat.com Staff

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Crescent Energy (CRGY) Financials

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Crescent Energy (CRGY) Financials

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