Crescent Energy (CRGY) Financials

$13.90 +0.19 (+1.41%)

Closing price 03:59 PM Eastern

Extended Trading

$13.90 -0.01 (-0.06%)

As of 06:42 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	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	0.00	0.00	-19	97	68	-115	133
Consolidated Net Income / (Loss)	47	-216	-432	481	322	-138	167
Net Income / (Loss) Continuing Operations	47	-216	-432	481	322	-138	167
Total Pre-Tax Income	47	-216	-433	517	345	-169	202
Total Operating Income	227	-374	484	1,284	325	218	229
Total Gross Profit	1,087	581	1,290	3,057	2,147	2,618	3,171
Total Revenue	1,087	754	1,477	3,057	2,383	2,931	3,580
Operating Revenue	1,087	754	1,477	3,057	2,383	2,931	3,580
Total Cost of Revenue	0.00	173	187	0.00	235	313	409
Operating Cost of Revenue	-	173	187	-	235	313	409
Total Operating Expenses	860	955	806	1,773	1,823	2,400	2,942
Selling, General & Admin Expense	2.36	17	78	85	141	336	472
Marketing Expense	231	-	-	415	163	163	219
Exploration Expense	0.47	0.49	1.18	3.43	9.33	17	17
Depreciation Expense	311	372	313	533	676	949	1,167
Other Operating Expenses / (Income)	315	318	423	598	680	802	959
Impairment Charge	0.00	247	0.00	143	153	162	255
Other Special Charges / (Income)	-0.02	0.00	-8.79	-4.64	0.00	-29	-148
Total Other Income / (Expense), net	-180	158	-916	-767	20	-387	-28
Interest Expense	54	38	51	96	146	275	328
Interest & Investment Income	0.00	0.00	0.37	4.62	-0.41	0.73	2.19
Other Income / (Expense), net	-127	196	-866	-676	167	-113	298
Income Tax Expense	0.03	0.01	-0.31	36	23	-31	35
Net Income / (Loss) Attributable to Noncontrolling Interest	0.87	-97	-74	384	254	-23	34
Basic Earnings per Share	$0.00	$0.00	$0.00	$2.20	$1.02	($0.88)	$0.55
Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	168.72M	170.87M	201.23M	258.67M
Diluted Earnings per Share	$0.00	$0.00	$0.00	$2.20	$1.02	($0.88)	$0.54
Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	168.97M	171.67M	201.23M	261.67M
Weighted Average Basic & Diluted Shares Outstanding	-	-	169.49M	166.93M	179.66M	258.47M	327.90M

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	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	5.15	-53	56	-24	38	-9.95	-118	-2.15	153	-9.51	-8.66
Consolidated Net Income / (Loss)	57	-131	140	-32	70	-5.58	-170	5.91	162	-10	9.03
Net Income / (Loss) Continuing Operations	57	-131	140	-32	70	-5.58	-170	5.91	162	-10	9.03
Total Pre-Tax Income	67	-152	158	-37	82	-7.22	-207	8.52	204	-14	3.89
Total Operating Income	64	142	-31	134	119	-7.42	-28	172	80	31	-53
Total Gross Profit	441	581	536	588	653	745	1,031	845	898	773	655
Total Revenue	492	642	658	657	653	745	875	950	898	867	865
Operating Revenue	492	642	658	657	653	745	875	950	898	867	865
Total Cost of Revenue	52	62	122	70	0.00	0.00	-155	105	0.00	93	210
Total Operating Expenses	377	439	567	454	534	752	1,058	673	818	742	708
Selling, General & Admin Expense	41	44	35	43	47	160	87	57	125	74	217
Exploration Expense	1.54	0.00	-	0.00	0.19	15	-	0.31	5.57	1.00	9.91
Depreciation Expense	160	186	183	177	212	251	309	283	297	298	289
Other Operating Expenses / (Income)	174	209	291	235	197	194	135	298	229	293	139
Impairment Charge	-	-	-	0.00	0.00	0.00	-	46	2.99	74	132
Other Special Charges / (Income)	0.00	0.00	-	0.00	-19	0.01	-	-11	-1.91	1.64	-136
Total Other Income / (Expense), net	2.62	-293	190	-171	-38	0.20	-179	-164	124	-45	57
Interest Expense	31	42	43	65	42	98	69	73	75	102	77
Interest & Investment Income	0.12	0.12	-0.81	0.13	-0.05	0.04	0.61	0.39	0.44	0.86	0.49
Other Income / (Expense), net	34	-251	234	-105	4.76	99	-110	-91	199	56	134
Income Tax Expense	9.18	-21	18	-4.21	12	-1.64	-37	2.61	41	-4.03	-5.13
Net Income / (Loss) Attributable to Noncontrolling Interest	52	-78	84	-8.20	33	4.37	-52	8.06	9.28	-0.76	18
Basic Earnings per Share	$0.00	$0.00	($0.22)	($0.25)	$0.34	($0.07)	($0.63)	$0.00	$0.61	($0.04)	($0.02)
Weighted Average Basic Shares Outstanding	0.00	0.00	170.87M	179.13M	177.46M	212.57M	201.23M	0.00	255.25M	254.62M	258.67M
Diluted Earnings per Share	$0.00	$0.00	($0.22)	($0.25)	$0.33	($0.07)	($0.63)	$0.00	$0.60	($0.04)	($0.02)
Weighted Average Diluted Shares Outstanding	0.00	0.00	171.67M	179.13M	179.17M	212.57M	201.23M	0.00	257.52M	254.62M	261.67M
Weighted Average Basic & Diluted Shares Outstanding	167.01M	179.66M	179.66M	177.46M	177.46M	228.29M	258.47M	255.25M	254.62M	254.63M	327.90M

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	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	4.17	14	94	-120	-6.58	232	512
Net Cash From Operating Activities	486	411	233	1,012	936	1,223	1,680
Net Cash From Continuing Operating Activities	486	411	233	1,012	936	1,223	1,680
Net Income / (Loss) Continuing Operations	47	-216	-432	481	322	-138	167
Consolidated Net Income / (Loss)	47	-216	-432	481	322	-138	167
Depreciation Expense	311	372	313	533	676	949	1,167
Amortization Expense	4.73	4.94	7.65	8.89	13	13	15
Non-Cash Adjustments To Reconcile Net Income	102	238	364	-28	-146	516	244
Changes in Operating Assets and Liabilities, net	21	12	-19	18	71	-118	88
Net Cash From Investing Activities	-328	-125	-245	-1,124	-1,399	-1,198	-923
Net Cash From Continuing Investing Activities	-328	-125	-245	-1,124	-1,399	-1,198	-923
Purchase of Property, Plant & Equipment	-339	-126	-271	-1,219	-1,431	-1,244	-1,770
Purchase of Investments	-5.41	-9.07	-8.54	-8.96	-12	-7.11	-23
Divestitures	16	9.36	26	93	29	55	847
Sale and/or Maturity of Investments	5.41	9.05	12	7.20	13	7.20	23
Other Investing Activities, net	-5.31	-8.12	-2.80	3.54	2.76	-8.87	0.00
Net Cash From Financing Activities	-153	-272	105	-7.84	456	207	-245
Net Cash From Continuing Financing Activities	-153	-272	105	-7.84	456	207	-245
Repayment of Debt	-564	-485	-1,119	-1,195	-2,831	-3,939	-4,347
Repurchase of Common Equity	0.00	0.00	-18	-36	-2.41	-49	-39
Payment of Dividends	-143	-63	-39	-167	-127	-1,307	-1,031
Issuance of Debt	553	276	1,247	1,385	3,268	5,243	5,171
Issuance of Common Equity	0.25	0.00	35	0.06	147	335	0.00
Other Financing Activities, net	-	-	-	5.99	1.24	-75	0.00

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	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Change in Cash & Equivalents	59	191	-259	2.44	776	-609	63	-217	-2.50	2.19	730
Net Cash From Operating Activities	183	189	323	184	287	368	384	337	499	473	371
Net Cash From Continuing Operating Activities	183	189	323	184	287	368	384	337	499	473	371
Net Income / (Loss) Continuing Operations	57	-131	140	-32	70	-5.58	-170	5.91	163	-10	9.02
Consolidated Net Income / (Loss)	57	-131	140	-32	70	-5.58	-170	5.91	163	-10	9.02
Depreciation Expense	160	186	183	177	212	251	309	283	297	298	289
Amortization Expense	4.69	3.43	3.65	4.38	1.42	3.99	3.60	3.75	3.79	3.62	3.36
Non-Cash Adjustments To Reconcile Net Income	-31	213	-119	134	-27	53	357	159	-67	109	43
Changes in Operating Assets and Liabilities, net	-7.59	-82	115	-98	30	65	-115	-114	103	72	27
Net Cash From Investing Activities	-180	-691	-333	-157	-129	-548	-364	-1,057	-212	-250	596
Net Cash From Continuing Investing Activities	-180	-691	-333	-157	-129	-548	-364	-1,057	-212	-250	596
Purchase of Property, Plant & Equipment	-196	-696	-337	-156	-152	-547	-389	-1,064	-297	-273	-136
Purchase of Investments	-7.10	-1.78	-1.78	-1.78	-1.78	-1.78	-1.78	-1.78	-7.19	-7.19	-7.20
Divestitures	17	2.92	4.59	0.00	23	6.51	25	6.93	84	23	732
Sale and/or Maturity of Investments	7.12	1.80	1.80	1.80	1.80	1.80	1.80	1.80	7.10	7.26	7.26
Net Cash From Financing Activities	56	693	-249	-24	618	-429	42	503	-289	-221	-237
Net Cash From Continuing Financing Activities	56	693	-249	-24	618	-429	42	503	-289	-221	-237
Repayment of Debt	-245	-992	-977	-1,346	-387	-2,056	-149	-534	-929	-1,731	-1,152
Repurchase of Common Equity	-	-2.41	-	-23	-0.86	-23	-2.91	-5.31	-29	-0.06	-4.74
Payment of Dividends	-31	-28	-29	-30	-29	-40	-1,208	-37	-35	-33	-925
Issuance of Debt	330	1,570	757	1,375	1,036	1,686	1,147	1,080	704	1,544	1,845

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	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	3,907	5,157	6,020	6,803	9,161	12,443
Total Current Assets	220	480	517	616	788	1,861
Cash & Equivalents	37	129	0.00	2.97	133	10
Restricted Cash	-	-	-	0.26	5.49	726
Accounts Receivable	112	342	460	507	542	743
Prepaid Expenses	1.95	8.64	13	40	43	46
Other Current Assets	70	0.20	44	65	65	336
Plant, Property, & Equipment, net	3,642	4,555	5,438	6,116	8,145	10,276
Plant, Property & Equipment, gross	5,337	6,497	7,605	9,056	12,072	13,835
Accumulated Depreciation	1,695	1,942	2,167	2,941	3,927	3,559
Total Noncurrent Assets	45	123	65	72	228	306
Long-Term Investments	0.00	15	15	6.08	14	8.15
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	0.00	144
Other Noncurrent Operating Assets	45	31	50	66	214	154
Total Liabilities & Shareholders' Equity	3,907	5,157	6,020	6,803	9,161	12,443
Total Liabilities	1,014	2,138	2,721	3,168	4,793	7,278
Total Current Liabilities	121	616	894	750	827	1,259
Accounts Payable	90	347	552	666	759	1,168
Other Current Liabilities	31	270	341	84	69	91
Total Noncurrent Liabilities	894	1,522	1,827	2,417	3,965	6,018
Long-Term Debt	751	1,030	1,248	1,694	3,049	5,524
Capital Lease Obligations	0.00	3.51	7.41	7.07	3.53	3.23
Asset Retirement Reserve & Litigation Obligation	106	258	347	418	449	383
Noncurrent Deferred & Payable Income Tax Liabilities	0.00	83	147	263	370	12
Other Noncurrent Operating Liabilities	36	147	78	35	93	96
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	0.00	2,325	2,437	1,901	1,228	0.00
Total Equity & Noncontrolling Interests	2,893	695	862	1,735	3,140	5,165
Total Preferred & Common Equity	2,717	682	848	1,705	3,130	5,158
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,717	682	848	1,705	3,130	5,158
Common Stock	2,717	720	805	1,627	3,227	5,229
Retained Earnings	0.00	-19	62	95	-65	0.00
Treasury Stock	0.00	-18	-18	-17	-32	-71
Noncontrolling Interest	176	12	14	30	9.34	7.53

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	Q2 2025	Q3 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	6/30/2025	9/30/2025
Total Assets	6,230	6,112	6,148	6,986	6,798	7,481	9,250	9,872	9,857	9,694
Total Current Assets	580	540	597	903	564	1,334	865	679	753	703
Cash & Equivalents	22	2.93	2.25	229	5.32	778	136	6.26	3.05	3.53
Restricted Cash	-	-	69	33	-	-	-	3.25	3.84	5.35
Accounts Receivable	520	470	440	579	470	481	509	613	596	525
Prepaid Expenses	21	37	37	51	40	46	47	39	42	45
Other Current Assets	17	30	49	11	49	29	173	18	108	124
Plant, Property, & Equipment, net	5,507	5,505	5,483	6,014	6,167	6,044	8,208	9,067	8,980	8,867
Plant, Property & Equipment, gross	7,808	7,808	7,929	8,634	9,275	9,310	11,703	13,284	13,380	13,608
Accumulated Depreciation	2,301	2,303	2,446	2,620	3,108	3,266	3,495	4,218	4,400	4,741
Total Noncurrent Assets	142	67	68	70	67	102	177	126	123	124
Long-Term Investments	15	13	13	11	6.20	6.15	13	14	13	14
Other Noncurrent Operating Assets	50	54	56	59	61	96	164	113	110	110
Total Liabilities & Shareholders' Equity	6,230	6,112	6,148	6,986	6,798	7,481	9,250	9,872	9,857	9,694
Total Liabilities	2,961	2,588	2,631	3,470	3,255	3,894	5,055	5,438	5,358	5,215
Total Current Liabilities	1,040	786	672	881	748	712	930	870	852	864
Accounts Payable	636	606	537	603	611	608	790	758	779	788
Other Current Liabilities	404	180	136	278	137	104	140	113	73	76
Total Noncurrent Liabilities	1,921	1,802	1,958	2,590	2,507	3,181	4,125	4,568	4,506	4,351
Long-Term Debt	1,372	1,245	1,332	1,912	1,749	2,404	3,225	3,597	3,374	3,221
Capital Lease Obligations	5.03	7.15	7.64	7.76	6.19	5.32	4.38	3.71	2.30	1.51
Asset Retirement Reserve & Litigation Obligation	290	354	360	373	424	407	442	468	480	484
Noncurrent Deferred & Payable Income Tax Liabilities	142	163	241	234	288	306	388	368	554	564
Other Noncurrent Operating Liabilities	112	33	18	63	39	60	66	132	97	80
Commitments & Contingencies	0.00	0.00	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	0.00	0.00
Total Equity & Noncontrolling Interests	849	916	1,478	1,627	1,996	2,141	2,875	3,265	4,499	4,479
Total Preferred & Common Equity	845	902	1,458	1,602	1,971	2,120	2,860	3,255	4,488	4,471
Preferred Stock	0.00	0.00	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	4,488	4,471
Common Stock	802	806	1,362	1,568	1,929	2,054	2,839	3,360	4,498	4,521
Retained Earnings	61	114	113	51	59	83	53	-67	56	16
Treasury Stock	-18	-18	-17	-17	-17	-17	-32	-38	-66	-66
Noncontrolling Interest	4.07	15	20	25	25	21	15	9.76	11	8.30

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

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-
Revenue Growth	0.00%	-30.63%	95.83%	106.98%	-22.06%	23.01%	22.14%
EBITDA Growth	0.00%	-52.13%	-130.98%	1,963.09%	2.61%	-9.43%	59.87%
EBIT Growth	0.00%	-277.45%	-114.69%	259.15%	-19.20%	-78.46%	397.91%
NOPAT Growth	0.00%	-215.23%	229.47%	252.61%	-74.63%	-49.51%	24.28%
Net Income Growth	0.00%	-562.70%	-99.99%	211.19%	-33.00%	-142.76%	221.41%
EPS Growth	0.00%	0.00%	0.00%	0.00%	-53.64%	-186.27%	161.36%
Operating Cash Flow Growth	0.00%	-15.34%	-43.28%	334.22%	-7.57%	30.70%	37.37%
Free Cash Flow Firm Growth	0.00%	0.00%	100.94%	1,450.87%	-186.08%	-267.85%	-39.28%
Invested Capital Growth	0.00%	0.00%	8.38%	16.10%	17.38%	36.43%	36.87%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	7.81%	-1.12%	8.02%	-0.29%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	-2.00%	14.68%	-16.69%	13.13%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	-14.46%	33.85%	-76.27%	70.91%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	-6.00%	-32.27%	-18.80%	6.41%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	-19.92%	39.18%	-179.92%	1,516.06%
EPS Q/Q Growth	0.00%	0.00%	0.00%	401.37%	-75.54%	-87.23%	263.64%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	14.80%	13.03%	5.30%	-0.79%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-356.28%	7.08%	-1,006.55%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	-1.53%	3.19%	-0.09%	29.56%
Profitability Metrics	-	-	-	-	-	-	-
Gross Margin	100.00%	77.05%	87.34%	100.00%	90.13%	100.00%	88.58%
EBITDA Margin	38.28%	26.42%	-4.18%	37.62%	49.53%	36.46%	47.73%
Operating Margin	20.89%	-49.54%	32.75%	42.01%	13.63%	7.45%	6.40%
EBIT Margin	9.23%	-23.60%	-25.87%	19.90%	20.63%	3.61%	14.73%
Profit (Net Income) Margin	4.30%	-28.66%	-29.26%	15.72%	13.51%	-4.70%	4.67%
Tax Burden Percent	99.94%	100.01%	99.93%	92.98%	93.27%	81.59%	82.89%
Interest Burden Percent	46.59%	121.41%	113.18%	84.99%	70.25%	-159.39%	38.26%
Effective Tax Rate	0.06%	0.00%	0.00%	7.02%	6.73%	0.00%	17.11%
Return on Invested Capital (ROIC)	0.00%	-14.50%	9.01%	28.27%	6.14%	2.43%	2.21%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-1.78%	-87.10%	-38.73%	7.44%	-10.23%	1.61%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-0.44%	-23.63%	-13.05%	3.15%	-5.87%	1.30%
Return on Equity (ROE)	0.00%	-14.94%	-14.62%	15.21%	9.29%	-3.44%	3.51%
Cash Return on Invested Capital (CROIC)	0.00%	-214.50%	0.97%	13.37%	-9.85%	-28.39%	-28.93%
Operating Return on Assets (OROA)	0.00%	-4.56%	-8.43%	10.88%	7.66%	1.33%	4.88%
Return on Assets (ROA)	0.00%	-5.53%	-9.54%	8.60%	5.02%	-1.72%	1.55%
Return on Common Equity (ROCE)	0.00%	-14.03%	-8.40%	3.68%	3.42%	-2.08%	3.05%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-7.95%	-63.36%	56.67%	18.89%	-4.40%	0.00%
Net Operating Profit after Tax (NOPAT)	227	-262	339	1,194	303	153	190
NOPAT Margin	20.88%	-34.68%	22.93%	39.06%	12.71%	5.22%	5.31%
Net Nonoperating Expense Percent (NNEP)	0.00%	-12.72%	96.11%	66.99%	-1.30%	12.65%	0.60%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	56.39%	8.82%	2.47%	1.78%
Cost of Revenue to Revenue	0.00%	22.95%	12.67%	0.00%	9.87%	0.00%	11.42%
SG&A Expenses to Revenue	0.22%	2.19%	5.30%	2.78%	5.91%	11.47%	13.19%
R&D to Revenue	0.00%	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%	82.17%
Earnings before Interest and Taxes (EBIT)	100	-178	-382	608	491	106	527
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	416	199	-62	1,150	1,180	1,069	1,709
Valuation Ratios	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	2.16	1.34	1.07	0.41
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	2.16	1.34	1.07	0.41
Price to Revenue (P/Rev)	0.00	0.00	0.00	0.60	0.96	1.14	0.60
Price to Earnings (P/E)	0.00	0.00	0.00	18.95	33.71	0.00	16.07
Dividend Yield	0.00%	0.00%	0.00%	5.74%	4.18%	3.29%	5.72%
Earnings Yield	0.00%	0.00%	0.00%	5.28%	2.97%	0.00%	6.22%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	1.22	1.11	1.03	0.70
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	1.81	2.48	2.55	1.94
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	4.80	5.00	6.99	4.05
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	9.08	12.01	70.59	13.14
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	4.63	19.49	48.87	36.45
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	5.46	6.31	6.11	4.12
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	9.78	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-
Debt to Equity	0.00	0.26	0.34	0.38	0.47	0.70	1.07
Long-Term Debt to Equity	0.00	0.26	0.34	0.38	0.47	0.70	1.07
Financial Leverage	0.00	0.25	0.27	0.34	0.42	0.57	0.81
Leverage Ratio	0.00	1.35	1.53	1.77	1.85	1.99	2.27
Compound Leverage Factor	0.00	1.64	1.74	1.50	1.30	-3.18	0.87
Debt to Total Capital	0.00%	20.61%	25.51%	27.56%	31.88%	41.14%	51.69%
Short-Term Debt to Total Capital	0.00%	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%	51.69%
Preferred Equity to Total Capital	0.00%	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%	0.07%
Common Equity to Total Capital	0.00%	74.55%	16.83%	18.62%	31.94%	42.18%	48.24%
Debt to EBITDA	0.00	3.77	-16.75	1.09	1.44	2.86	3.24
Net Debt to EBITDA	0.00	3.58	-14.42	1.08	1.43	2.71	2.80
Long-Term Debt to EBITDA	0.00	3.77	-16.75	1.09	1.44	2.86	3.24
Debt to NOPAT	0.00	-2.87	3.05	1.05	5.62	19.96	29.08
Net Debt to NOPAT	0.00	-2.73	2.63	1.04	5.59	18.97	25.17
Long-Term Debt to NOPAT	0.00	-2.87	3.05	1.05	5.62	19.96	29.08
Altman Z-Score	0.00	0.00	0.00	1.18	1.02	0.76	0.66
Noncontrolling Interest Sharing Ratio	0.00%	6.09%	42.51%	75.78%	63.19%	39.59%	13.06%
Liquidity Ratios	-	-	-	-	-	-	-
Current Ratio	0.00	1.83	0.78	0.58	0.82	0.95	1.48
Quick Ratio	0.00	1.23	0.76	0.51	0.68	0.82	0.60
Cash Flow Metrics	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-3,869	36	565	-486	-1,788	-2,490
Operating Cash Flow to CapEx	143.37%	325.79%	86.13%	83.03%	65.41%	98.30%	94.93%
Free Cash Flow to Firm to Interest Expense	0.00	-101.53	0.72	5.89	-3.33	-6.49	-7.60
Operating Cash Flow to Interest Expense	9.06	10.79	4.59	10.55	6.42	4.44	5.13
Operating Cash Flow Less CapEx to Interest Expense	2.74	7.48	-0.74	-2.16	-3.39	-0.08	-0.27
Efficiency Ratios	-	-	-	-	-	-	-
Asset Turnover	0.00	0.19	0.33	0.55	0.37	0.37	0.33
Accounts Receivable Turnover	0.00	6.74	6.51	7.62	4.93	5.59	5.57
Inventory Turnover	0.00	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	0.39
Accounts Payable Turnover	0.00	1.93	0.86	0.00	0.39	0.00	0.42
Days Sales Outstanding (DSO)	0.00	54.12	56.10	47.87	74.03	65.32	65.52
Days Inventory Outstanding (DIO)	0.00	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	859.90
Cash Conversion Cycle (CCC)	0.00	-135.02	-369.53	47.87	-871.63	65.32	-794.39
Capital & Investment Metrics	-	-	-	-	-	-	-
Invested Capital	0.00	3,607	3,910	4,539	5,328	7,269	9,949
Invested Capital Turnover	0.00	0.42	0.39	0.72	0.48	0.47	0.42
Increase / (Decrease) in Invested Capital	0.00	3,607	302	629	789	1,941	2,680
Enterprise Value (EV)	0.00	0.00	0.00	5,523	5,902	7,474	6,927
Market Capitalization	0.00	0.00	0.00	1,832	2,279	3,335	2,136
Book Value per Share	$0.00	$0.00	$4.03	$5.08	$9.49	$13.71	$20.26
Tangible Book Value per Share	$0.00	$0.00	$3.57	$5.08	$9.49	$13.71	$20.26
Total Capital	0.00	3,644	4,054	4,554	5,337	7,421	10,693
Total Debt	0.00	751	1,034	1,255	1,701	3,053	5,527
Total Long-Term Debt	0.00	751	1,034	1,255	1,701	3,053	5,527
Net Debt	0.00	714	890	1,240	1,692	2,901	4,783
Capital Expenditures (CapEx)	339	126	271	1,219	1,431	1,244	1,770
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	63	-265	-377	-138	-178	-134
Debt-free Net Working Capital (DFNWC)	0.00	100	-137	-377	-135	-39	602
Net Working Capital (NWC)	0.00	100	-137	-377	-135	-39	602
Net Nonoperating Expense (NNE)	180	-45	771	713	-19	291	23
Net Nonoperating Obligations (NNO)	0.00	714	890	1,240	1,692	2,901	4,783
Total Depreciation and Amortization (D&A)	316	377	320	542	689	963	1,181
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	8.34%	-17.95%	-12.33%	-5.79%	-6.06%	-3.75%
Debt-free Net Working Capital to Revenue	0.00%	13.23%	-9.24%	-12.33%	-5.65%	-1.34%	16.81%
Net Working Capital to Revenue	0.00%	13.23%	-9.24%	-12.33%	-5.65%	-1.34%	16.81%
Earnings Adjustments	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($0.46)	$2.20	$1.02	($0.88)	$0.55
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	169.49M	168.72M	170.87M	201.23M	258.67M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($0.46)	$2.20	$1.02	($0.88)	$0.54
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	169.49M	168.97M	171.67M	201.23M	261.67M
Adjusted Basic & Diluted Earnings per Share	$0.00	$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	327.90M
Normalized Net Operating Profit after Tax (NOPAT)	227	-88	332	1,323	446	245	279
Normalized NOPAT Margin	20.87%	-11.73%	22.51%	43.26%	18.72%	8.37%	7.79%
Pre Tax Income Margin	4.30%	-28.65%	-29.29%	16.91%	14.49%	-5.76%	5.63%
Debt Service Ratios	-	-	-	-	-	-	-
EBIT to Interest Expense	1.87	-4.67	-7.53	6.34	3.37	0.38	1.61
NOPAT to Interest Expense	4.24	-6.86	6.67	12.45	2.08	0.56	0.58
EBIT Less CapEx to Interest Expense	-4.45	-7.98	-12.87	-6.37	-6.44	-4.13	-3.79
NOPAT Less CapEx to Interest Expense	-2.08	-10.17	1.34	-0.26	-7.73	-3.96	-4.82
Payout Ratios	-	-	-	-	-	-	-
Dividend Payout Ratio	305.59%	-28.95%	-9.14%	34.85%	39.54%	-949.52%	616.75%
Augmented Payout Ratio	305.59%	-28.95%	-13.40%	42.38%	40.29%	-985.32%	639.85%

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

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-45.80%	-25.73%	-3.95%	11.41%	32.69%	15.95%	33.08%	44.52%	37.46%	16.34%	-1.17%
EBITDA Growth	-42.52%	-89.54%	63.52%	-53.30%	28.86%	331.78%	-55.07%	75.48%	71.38%	12.18%	113.49%
EBIT Growth	-69.70%	-117.69%	159.32%	-90.51%	27.11%	183.07%	-168.18%	184.63%	124.21%	-4.81%	158.58%
NOPAT Growth	-88.26%	-74.63%	-127.67%	-33.71%	85.71%	-105.24%	30.62%	27.31%	-38.01%	515.00%	-542.67%
Net Income Growth	-79.61%	-123.61%	183.65%	-112.66%	22.15%	95.74%	-221.38%	118.26%	131.46%	-84.07%	105.31%
EPS Growth	-100.00%	0.00%	-107.51%	-120.16%	0.00%	0.00%	-186.36%	100.00%	81.82%	42.86%	97.75%
Operating Cash Flow Growth	-29.75%	-52.53%	50.16%	-23.46%	56.39%	94.33%	19.07%	83.44%	73.90%	28.56%	-3.49%
Free Cash Flow Firm Growth	87.28%	89.22%	-54.38%	15.49%	29.90%	-365.79%	-140.00%	-501.32%	-667.33%	81.96%	-43.06%
Invested Capital Growth	12.62%	12.01%	17.38%	11.07%	9.19%	40.91%	36.43%	51.53%	50.71%	5.55%	36.87%
Revenue Q/Q Growth	-16.57%	30.48%	2.39%	-0.04%	-0.64%	14.02%	17.51%	8.56%	-5.49%	-3.50%	-0.18%
EBITDA Q/Q Growth	-41.55%	-69.39%	384.46%	-46.12%	61.30%	2.55%	-49.59%	110.43%	57.54%	-32.87%	-4.06%
EBIT Q/Q Growth	-67.57%	-212.28%	284.49%	-85.88%	334.54%	-26.62%	-251.42%	158.96%	242.30%	-68.85%	-6.82%
NOPAT Q/Q Growth	-60.98%	79.42%	-128.02%	437.89%	9.31%	-105.07%	-270.79%	719.97%	-46.77%	-66.08%	-674.21%
Net Income Q/Q Growth	-77.52%	-328.11%	206.79%	-123.12%	316.92%	-107.95%	-2,946.16%	103.48%	2,649.08%	-106.32%	187.90%
EPS Q/Q Growth	-100.00%	0.00%	0.00%	-13.64%	100.00%	0.00%	0.00%	100.00%	0.00%	-106.67%	50.00%
Operating Cash Flow Q/Q Growth	-23.58%	3.20%	70.52%	-43.08%	56.13%	28.24%	4.48%	-12.31%	48.01%	-5.19%	-21.57%
Free Cash Flow Firm Q/Q Growth	6.46%	5.19%	-79.64%	46.98%	22.41%	-530.02%	7.44%	-32.90%	0.98%	85.19%	-633.88%
Invested Capital Q/Q Growth	0.28%	8.17%	3.19%	-0.77%	-1.42%	39.60%	-0.09%	10.21%	-1.95%	-2.23%	29.56%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	89.53%	90.39%	81.47%	100.00%	89.92%	88.00%	117.74%	88.92%	100.00%	89.22%	75.70%
EBITDA Margin	53.27%	12.49%	59.12%	31.87%	51.73%	46.53%	19.96%	38.69%	64.50%	44.86%	43.12%
Operating Margin	13.01%	22.03%	-4.77%	20.38%	18.27%	-1.00%	-3.14%	18.13%	8.87%	3.55%	-6.17%
EBIT Margin	19.84%	-17.07%	30.76%	4.35%	19.00%	12.23%	-15.76%	8.56%	31.00%	10.01%	9.34%
Profit (Net Income) Margin	11.67%	-20.41%	21.29%	-4.92%	10.75%	-0.75%	-19.42%	0.62%	18.10%	-1.19%	1.04%
Tax Burden Percent	86.23%	86.40%	88.42%	88.49%	85.90%	77.28%	82.22%	69.35%	79.83%	71.81%	231.91%
Interest Burden Percent	68.25%	138.38%	78.27%	-128.02%	65.84%	-7.93%	149.86%	10.48%	73.13%	-16.49%	4.82%
Effective Tax Rate	13.77%	0.00%	11.58%	0.00%	14.10%	0.00%	0.00%	30.65%	20.17%	0.00%	-131.91%
Return on Invested Capital (ROIC)	6.55%	7.61%	-2.04%	6.96%	8.21%	-0.30%	-1.02%	6.09%	3.76%	1.19%	-5.95%
ROIC Less NNEP Spread (ROIC-NNEP)	6.72%	-7.80%	9.41%	-1.51%	5.96%	-0.32%	-7.59%	1.83%	7.73%	0.18%	-2.49%
Return on Net Nonoperating Assets (RNNOA)	2.88%	-3.44%	3.98%	-0.64%	2.42%	-0.20%	-4.35%	1.22%	4.76%	0.13%	-2.01%
Return on Equity (ROE)	9.43%	4.17%	1.94%	6.32%	10.63%	-0.50%	-5.38%	7.31%	8.52%	1.33%	-7.96%
Cash Return on Invested Capital (CROIC)	3.38%	-2.18%	-9.85%	-4.80%	-2.21%	-30.94%	-28.39%	-38.27%	-38.13%	-3.01%	-28.93%
Operating Return on Assets (OROA)	8.41%	-6.22%	11.43%	1.65%	7.28%	4.09%	-5.79%	3.31%	12.40%	3.79%	3.10%
Return on Assets (ROA)	4.95%	-7.44%	7.91%	-1.87%	4.12%	-0.25%	-7.13%	0.24%	7.24%	-0.45%	0.35%
Return on Common Equity (ROCE)	3.10%	1.50%	0.71%	2.57%	5.35%	-0.29%	-3.25%	4.79%	6.96%	1.12%	-6.92%
Return on Equity Simple (ROE_SIMPLE)	62.95%	14.44%	0.00%	1.73%	2.20%	6.02%	0.00%	-3.05%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	55	99	-28	94	103	-5.20	-19	119	64	22	-124
NOPAT Margin	11.22%	15.42%	-4.22%	14.27%	15.70%	-0.70%	-2.20%	12.57%	7.08%	2.49%	-14.31%
Net Nonoperating Expense Percent (NNEP)	-0.17%	15.41%	-11.44%	8.47%	2.25%	0.02%	6.56%	4.27%	-3.97%	1.01%	-3.46%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-0.81%	-	-	-	-0.31%	1.74%	0.81%	0.28%	-1.16%
Cost of Revenue to Revenue	10.47%	9.61%	18.53%	0.00%	10.08%	12.00%	-17.74%	11.08%	0.00%	10.78%	24.30%
SG&A Expenses to Revenue	8.36%	6.82%	5.27%	6.50%	7.22%	21.44%	9.90%	5.97%	13.88%	8.57%	25.03%
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	76.53%	68.36%	86.24%	79.62%	71.65%	88.99%	120.88%	70.79%	91.13%	85.66%	81.87%
Earnings before Interest and Taxes (EBIT)	98	-110	202	29	124	91	-138	81	278	87	81
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	262	80	389	210	338	347	175	368	579	389	373
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.13	1.26	1.34	1.06	0.98	0.68	1.07	0.89	0.49	0.51	0.41
Price to Tangible Book Value (P/TBV)	1.13	1.26	1.34	1.06	0.98	0.68	1.07	0.89	0.49	0.51	0.41
Price to Revenue (P/Rev)	0.63	0.84	0.96	0.85	0.80	0.72	1.14	0.90	0.63	0.63	0.60
Price to Earnings (P/E)	8.60	96.95	33.71	0.00	129.69	32.95	0.00	0.00	95.08	96.54	16.07
Dividend Yield	6.37%	4.79%	4.18%	4.12%	4.09%	4.38%	3.29%	4.27%	5.58%	5.38%	5.72%
Earnings Yield	11.62%	1.03%	2.97%	0.00%	0.77%	3.03%	0.00%	0.00%	1.05%	1.04%	6.22%
Enterprise Value to Invested Capital (EV/IC)	1.04	1.08	1.11	1.02	0.99	0.87	1.03	0.96	0.71	0.71	0.70
Enterprise Value to Revenue (EV/Rev)	1.89	2.32	2.48	2.21	1.98	2.34	2.55	2.38	1.60	1.53	1.94
Enterprise Value to EBITDA (EV/EBITDA)	2.89	5.43	5.00	5.75	5.09	4.96	6.99	6.24	3.79	3.63	4.05
Enterprise Value to EBIT (EV/EBIT)	4.53	15.21	12.01	24.72	21.08	14.25	70.59	48.30	17.78	17.77	13.14
Enterprise Value to NOPAT (EV/NOPAT)	7.23	12.49	19.49	18.93	15.75	33.76	48.87	42.64	36.63	30.68	36.45
Enterprise Value to Operating Cash Flow (EV/OCF)	4.79	6.74	6.31	6.15	5.26	5.47	6.11	5.57	3.50	3.24	4.12
Enterprise Value to Free Cash Flow (EV/FCFF)	32.65	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.38	0.55	0.47	0.50	0.67	0.77	0.70	0.81	0.75	0.72	1.07
Long-Term Debt to Equity	0.38	0.55	0.47	0.50	0.67	0.77	0.70	0.81	0.75	0.72	1.07
Financial Leverage	0.43	0.44	0.42	0.42	0.41	0.61	0.57	0.67	0.62	0.72	0.81
Leverage Ratio	1.97	1.95	1.85	1.83	1.92	2.11	1.99	2.09	2.14	2.18	2.27
Compound Leverage Factor	1.34	2.70	1.45	-2.34	1.26	-0.17	2.99	0.22	1.57	-0.36	0.11
Debt to Total Capital	27.57%	35.32%	31.88%	33.13%	40.18%	43.50%	41.14%	44.81%	42.87%	41.85%	51.69%
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	27.57%	35.32%	31.88%	33.13%	40.18%	43.50%	41.14%	44.81%	42.87%	41.85%	51.69%
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	42.41%	35.21%	36.18%	29.67%	24.47%	17.99%	16.68%	14.67%	0.14%	0.11%	0.07%
Common Equity to Total Capital	30.02%	29.47%	31.94%	37.20%	35.36%	38.52%	42.18%	40.52%	56.99%	58.05%	48.24%
Debt to EBITDA	0.78	1.87	1.44	1.87	2.37	2.52	2.86	2.93	2.30	2.13	3.24
Net Debt to EBITDA	0.73	1.60	1.43	1.85	1.60	2.40	2.71	2.92	2.29	2.12	2.80
Long-Term Debt to EBITDA	0.78	1.87	1.44	1.87	2.37	2.52	2.86	2.93	2.30	2.13	3.24
Debt to NOPAT	1.95	4.29	5.62	6.14	7.34	17.15	19.96	20.04	22.23	18.05	29.08
Net Debt to NOPAT	1.83	3.68	5.59	6.10	4.95	16.35	18.97	19.91	22.10	17.92	25.17
Long-Term Debt to NOPAT	1.95	4.29	5.62	6.14	7.34	17.15	19.96	20.04	22.23	18.05	29.08
Altman Z-Score	0.87	0.66	0.88	0.74	0.84	0.56	0.67	0.64	0.69	0.64	0.54
Noncontrolling Interest Sharing Ratio	67.13%	63.94%	63.19%	59.35%	49.64%	42.14%	39.59%	34.48%	18.28%	15.49%	13.06%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.89	1.03	0.82	0.75	1.87	0.93	0.95	0.78	0.88	0.81	1.48
Quick Ratio	0.66	0.92	0.68	0.64	1.77	0.69	0.82	0.71	0.70	0.61	0.60
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-479	-455	-817	-433	-336	-2,118	-1,960	-2,605	-2,579	-382	-2,804
Operating Cash Flow to CapEx	93.41%	27.21%	95.91%	117.54%	189.09%	67.24%	98.84%	31.69%	168.26%	173.02%	272.67%
Free Cash Flow to Firm to Interest Expense	-15.40	-10.77	-18.92	-6.64	-7.94	-21.53	-28.25	-35.59	-34.29	-3.75	-36.23
Operating Cash Flow to Interest Expense	5.89	4.49	7.48	2.82	6.77	3.74	5.54	4.61	6.63	4.64	4.79
Operating Cash Flow Less CapEx to Interest Expense	-0.42	-12.00	-0.32	0.42	3.19	-1.82	-0.07	-9.93	2.69	1.96	3.04
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.42	0.36	0.37	0.38	0.38	0.33	0.37	0.39	0.40	0.38	0.33
Accounts Receivable Turnover	5.08	4.38	4.93	5.21	5.67	4.99	5.59	5.96	6.44	6.95	5.57
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	0.48	0.42	0.41	0.42	0.45	0.38	0.41	0.42	0.46	0.42	0.39
Accounts Payable Turnover	0.24	0.26	0.39	0.00	0.03	0.06	0.00	0.05	0.05	0.16	0.42
Days Sales Outstanding (DSO)	71.83	83.25	74.03	70.03	64.36	73.16	65.32	61.28	56.68	52.53	65.52
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)	1,506.19	1,421.72	945.66	0.00	14,584.23	6,052.58	0.00	6,990.91	7,086.30	2,230.82	859.90
Cash Conversion Cycle (CCC)	-1,434.35	-1,338.47	-871.63	70.03	-14,519.86	-5,979.41	65.32	-6,929.63	-7,029.62	-2,178.29	-794.39
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,773	5,163	5,328	5,287	5,212	7,276	7,269	8,011	7,855	7,679	9,949
Invested Capital Turnover	0.58	0.49	0.48	0.49	0.52	0.44	0.47	0.48	0.53	0.48	0.42
Increase / (Decrease) in Invested Capital	535	554	789	527	439	2,112	1,941	2,724	2,643	404	2,680
Enterprise Value (EV)	4,968	5,584	5,902	5,410	5,172	6,359	7,474	7,661	5,562	5,480	6,927
Market Capitalization	1,653	2,023	2,279	2,094	2,081	1,943	3,335	2,905	2,195	2,271	2,136
Book Value per Share	$8.73	$9.59	$9.49	$10.97	$11.95	$16.12	$13.71	$12.59	$17.58	$17.56	$20.26
Tangible Book Value per Share	$8.73	$9.59	$9.49	$10.97	$11.95	$16.12	$13.71	$12.59	$17.58	$17.56	$20.26
Total Capital	4,857	5,436	5,337	5,298	5,996	7,425	7,421	8,034	7,875	7,702	10,693
Total Debt	1,339	1,920	1,701	1,755	2,409	3,230	3,053	3,601	3,376	3,223	5,527
Total Long-Term Debt	1,339	1,920	1,701	1,755	2,409	3,230	3,053	3,601	3,376	3,223	5,527
Net Debt	1,256	1,647	1,692	1,744	1,625	3,080	2,901	3,577	3,356	3,200	4,783
Capital Expenditures (CapEx)	196	696	337	156	152	547	389	1,064	297	273	136
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-146	-240	-138	-190	-156	-201	-178	-200	-105	-170	-134
Debt-free Net Working Capital (DFNWC)	-75	22	-135	-184	622	-65	-39	-191	-98	-161	602
Net Working Capital (NWC)	-75	22	-135	-184	622	-65	-39	-191	-98	-161	602
Net Nonoperating Expense (NNE)	-2.25	230	-168	126	32	0.38	151	114	-99	32	-133
Net Nonoperating Obligations (NNO)	1,256	1,647	1,692	1,744	1,625	3,080	2,901	3,577	3,356	3,200	4,783
Total Depreciation and Amortization (D&A)	165	190	187	181	214	255	313	286	301	302	292
Debt-free, Cash-free Net Working Capital to Revenue	-5.56%	-9.95%	-5.79%	-7.74%	-5.98%	-7.42%	-6.06%	-6.22%	-3.03%	-4.75%	-3.75%
Debt-free Net Working Capital to Revenue	-2.87%	0.93%	-5.65%	-7.52%	23.82%	-2.40%	-1.34%	-5.92%	-2.83%	-4.50%	16.81%
Net Working Capital to Revenue	-2.87%	0.93%	-5.65%	-7.52%	23.82%	-2.40%	-1.34%	-5.92%	-2.83%	-4.50%	16.81%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.11	$0.00	($0.22)	($0.25)	$0.00	$0.00	($0.63)	$0.00	$0.61	($0.04)	($0.02)
Adjusted Weighted Average Basic Shares Outstanding	167.01M	0.00	170.87M	179.13M	0.00	0.00	201.23M	0.00	255.25M	254.62M	258.67M
Adjusted Diluted Earnings per Share	$0.11	$0.00	($0.22)	($0.25)	$0.00	$0.00	($0.63)	$0.00	$0.60	($0.04)	($0.02)
Adjusted Weighted Average Diluted Shares Outstanding	167.36M	0.00	171.67M	179.13M	0.00	0.00	201.23M	0.00	257.52M	254.62M	261.67M
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	167.01M	179.66M	179.66M	177.46M	177.46M	228.29M	258.47M	255.25M	254.62M	254.63M	327.90M
Normalized Net Operating Profit after Tax (NOPAT)	55	99	-28	94	86	-5.19	-19	144	64	74	-40
Normalized NOPAT Margin	11.22%	15.42%	-4.22%	14.27%	13.14%	-0.70%	-2.20%	15.11%	7.18%	8.56%	-4.64%
Pre Tax Income Margin	13.54%	-23.62%	24.07%	-5.56%	12.51%	-0.97%	-23.61%	0.90%	22.67%	-1.65%	0.45%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.14	-2.60	4.69	0.44	2.93	0.93	-1.99	1.11	3.70	0.85	1.04
NOPAT to Interest Expense	1.77	2.35	-0.64	1.44	2.42	-0.05	-0.28	1.63	0.85	0.21	-1.60
EBIT Less CapEx to Interest Expense	-3.17	-19.09	-3.11	-1.96	-0.65	-4.64	-7.59	-13.43	-0.24	-1.83	-0.71
NOPAT Less CapEx to Interest Expense	-4.54	-14.14	-8.44	-0.96	-1.16	-5.62	-5.88	-12.91	-3.10	-2.47	-3.36
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	18.35%	66.97%	39.54%	347.59%	247.87%	74.11%	-949.52%	-1,322.90%	-18,570.84%	-1,164.42%	616.75%
Augmented Payout Ratio	22.30%	68.02%	40.29%	421.41%	303.42%	101.04%	-985.32%	-1,355.00%	-19,407.98%	-1,476.08%	639.85%

Financials Breakdown Chart

Key Financial Trends

Crescent Energy Co (NYSE: CRGY) has shown a mix of strong cash generation and leverage-driven funding over the last four years. Below are the 10 most material trends drawn from quarterly statements (income, cash flow, and balance sheet) from 2022 through 2025, highlighting what could matter to retail investors.

Strong operating cash flow in 2025: quarterly net cash from continuing operating activities remained robust, with about 371.0M (Q4 2025), 473.1M (Q3 2025), and 498.97M (Q2 2025). This supports liquidity and potential debt service even as capital decisions pace ahead.
Debt financing boosted liquidity in 2025: Crescent raised substantial funds via debt issuance, including about 1.75B in Q1 2025 and about 1.54B in Q3 2025, providing liquidity to fund capex and operations.
Large revenue scale maintained in 2025: quarterly operating revenue hovered near $0.9B, with Q1 2025 at $0.95B and consistent topline levels in subsequent quarters, indicating continued production and pricing resilience.
Quarterly profitability improvements in parts of 2025: net income from continuing operations turned positive in several quarters, notably Q2 2025 (+$162.5M) and Q1 2025 (+$5.9M), signaling improving quarterly profitability on an operating basis.
Solid asset base supports operations: Total assets around $9.6–9.7B in 2025 and a large PPE net base (roughly $8.8–9.0B) suggest Crescent has substantial production capacity and asset scale to support ongoing activity.
Profitability fluctuates quarter to quarter: operating income and pre-tax income swing between modest positives and negatives across quarters, reflecting commodity-price sensitivity and cost dynamics.
Rising debt levels with new financing: Long-Term Debt trended higher through 2025 (roughly $3.22B–$3.37B), aided by sizable debt issuances, which improves liquidity but increases leverage risk.
Sizable capital expenditures persist: quarterly investments in PPE run in the hundreds of millions (e.g., Q2–Q4 2025), which can pressure near-term cash flow even with strong operating cash generation.
Earnings per share show volatility: quarterly EPS figures have swung into negative territory in several quarters, even when other metrics were positive, indicating earnings quality varies by period.
Earnings attributable to common shareholders remain weak in several quarters: net income to common shareholders was negative in multiple periods (e.g., Q4 2025: -$8.66M; Q3 2025: -$9.51M; Q4 2024: -$118.04M), highlighting ongoing earnings pressure despite cash flow strength.

05/05/26 06:57 PM 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 2025 ended on December 31, 2025.

How has Crescent Energy's net income changed over the last 6 years?

Crescent Energy's net income appears to be on an upward trend, with a most recent value of $167.17 million in 2025, rising from $46.71 million in 2019. The previous period was -$137.68 million in 2024. See Crescent Energy's forecast for analyst expectations on whatâ€™s next for the company.

What is Crescent Energy's operating income?

Crescent Energy's total operating income in 2025 was $229.28 million, based on the following breakdown:

Total Gross Profit: $3.17 billion
Total Operating Expenses: $2.94 billion

How has Crescent Energy's revenue changed over the last 6 years?

Over the last 6 years, Crescent Energy's total revenue changed from $1.09 billion in 2019 to $3.58 billion in 2025, a change of 229.3%.

How much debt does Crescent Energy have?

Crescent Energy's total liabilities were at $7.28 billion at the end of 2025, a 51.9% increase from 2024, and a 617.6% increase since 2020.

How much cash does Crescent Energy have?

In the past 5 years, Crescent Energy's cash and equivalents has ranged from $0.00 in 2022 to $132.82 million in 2024, and is currently $10.16 million as of their latest financial filing in 2025.

How has Crescent Energy's book value per share changed over the last 6 years?

Over the last 6 years, Crescent Energy's book value per share changed from 0.00 in 2019 to 20.26 in 2025, a change of 2,025.6%.

Related Companies

Financial statements for NYSE:CRGY last updated on 2/27/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Crescent Energy (CRGY) Financials

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Crescent Energy (CRGY) Financials

Annual Income Statements for Crescent Energy

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Quarterly Cash Flow Statements for Crescent Energy

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Quarterly Metrics And Ratios for Crescent Energy

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