Crescent Energy Company

Crescent Energy Company today announced financial and operating results for the first quarter of 2022 and increased its quarterly cash dividend by 40% to $0.17 per share. The Company plans to host a conference call and webcast to discuss the results at 10 a.m. CT, Wednesday, May 11, 2022. Details can be found in this release. Recent Highlights Produced 120 MBoe/d and incurred $85 million of capital Generated $406 million [...]

Crescent Energy today announced plans to host a conference call and webcast to discuss its first quarter 2022 financial and operating results at 10 a.m. CT, on Wednesday, May 11, 2022. The Company plans to release results after market close on Tuesday, May 10, 2022. The earnings release and presentation for the first quarter 2022 results will be available on the company's website at https://ir.crescentenergyco.com [...]

Crescent Energy Company today announced the closing of its previously announced acquisition of Uinta Basin assets. Total cash consideration at closing was approximately $690 million. Crescent CEO David Rockecharlie said, "We are excited to close this highly accretive transaction and expand our Rockies position. We were able to acquire these assets at a compelling valuation while maintaining our financial strength and [...]

Crescent Energy Company today announced actual and pro forma financial and operational results for 2021 and declared a quarterly cash dividend of $0.12 per share, payable on March 31, 2022, to holders of record on March 18, 2022. Crescent plans to host a conference call and webcast to discuss these results, as well as its 2022 outlook at 10 a.m. CT, Thursday, March 10. Complete details are available within this release [...]

Crescent Energy today announced plans to host a conference call and webcast to discuss its full-year 2021 financial and operating results at 10 a.m. CT, on Thursday, March 10, 2022. The Company plans to release results after market close on Wednesday, March 9, 2022. The earnings release and presentation for the full-year 2021 results will be available on the company's website at https://ir.crescentenergyco.com. Conference [...]

Crescent Energy Company today announced that it has entered into a definitive purchase agreement with Verdun Oil Company II LLC to acquire Uinta Basin assets previously owned by EP Energy for $815 million, subject to customary purchase price adjustments. The all-cash transaction, expected to close in the first half of 2022, will be funded through the company's revolving credit facility and cash on hand. Closing is subject [...]

Crescent Energy Company today announced its membership in the Oil & Gas Methane Partnership 2.0 Initiative to enhance the company's reporting of methane emissions. The OGMP 2.0 framework is the leading industry standard for methane emissions reporting, allowing a company to assess its emissions footprint by asset and create targeted emissions reduction programs. By adopting this rigorous reporting standard to quantify [...]

Crescent Energy Company announced today that its indirect subsidiary Crescent Energy Finance LLC has priced its previously announced private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended , to eligible purchasers of $200 million aggregate principal amount of 7.250% Senior Notes due 2026 . The size of the offering was increased from the previously announced $150 million to [...]

Crescent Energy Company announced today that, subject to market conditions, its indirect subsidiary Crescent Energy Finance LLC intends to offer for sale in a private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended , to eligible purchasers $150 million aggregate principal amount of 7.250% Senior Notes due 2026 . The Notes are being offered as additional notes under the [...]

Crescent Energy Company today provided initial 2022 guidance and an updated corporate presentation in conjunction with scheduled analyst and investor meetings. In addition, the Company disclosed its year-end 2021 proved reserves. Complete fourth quarter and year-end 2021 financial and operating results are currently scheduled for release in early March 2022. Highlights: Significant Free Cash Flow: Anticipate delivering [...]