Crescent Energy Co (CRGY): M&A transaction — Crescent Energy closes $905M Ridgemar Eagle Ford acquisition with $830M cash and stock

Crescent Energy Co

Upfront consideration of $905M: $830M cash plus 5,454,546 shares of Class A common stock.
Up to $170M in earn-out consideration based on NYMEX WTI crude oil prices in 2026-2027.
CEO Rockecharlie calls deal accretive, scaling core Eagle Ford position and extending low-risk inventory.
Crescent plans to issue 2025 guidance along with Q4 and full-year 2024 results reflecting the acquisition.
Financial statements and pro forma financials to be filed within 71 days of closing.

item 1.01 item 2.01 item 3.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Crescent Energy Co completed an acquisition involving Ridgemar Energy Operating, LLC for $830 million in cash and 5,454,546 shares of Class A Common Stock (closed 2025-01-31).

Action: acquisition
Counterparty: Ridgemar Energy Operating, LLC
Consideration: $830 million in cash and 5,454,546 shares of Class A Common Stock
Closing: 2025-01-31

Exact text from the filing

defined will have the meanings ascribed to them in the Purchase Agreement. Pursuant to the Purchase Agreement, the Seller received aggregate consideration consisting of (i) $830 million in cash (the “Cash Consideration”), and (ii) 5,454,546 shares of Class A Common Stock, par value $0.0001 per share (“Class A Common Stock”) of the Company (the “Stock

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24 m&a transactions filed in the last 30 days. Browse all m&a transactions →

Crescent Energy Co filing history →

Source: SEC EDGAR

accession 0001628280-25-003335

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