m_and_a
confidence high
sentiment neutral
materiality 0.75
Crescent Energy files pro forma financials for Vital Energy, Ridgemar, and SilverBow acquisitions
Crescent Energy Co
- Ridgemar Acquisition: $830M cash + 5.45M Crescent shares; earn-out up to $170M based on WTI.
- SilverBow Merger: each SilverBow share exchangeable for 1.866 shares + $15.31 cash, $38 cash, or 3.125 shares.
- Vital Merger: each Vital share to receive 1.9062 Crescent shares (all-stock transaction).
- Pro forma statements assume all three acquisitions completed Jan 1, 2024, for 2024 and 9mo 2025.
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