Crescent Energy FY22 net income $481M, production 138 MBoe/d; guides 2023 at 130-138 MBoe/d

Crescent Energy Co

Full year 2022 net income $481M, Adj. EBITDAX $1.2B, Operating Cash Flow $1.0B, Levered Free Cash Flow $484M.
Average production 138 MBoe/d (44% oil); year-end proved reserves 573 MMBoe (+8%), PV-10 $9.6B.
2023 guidance: production 130-138 MBoe/d (45% oil, 58% liquids), capex $575-650M excluding acquisitions.
Board approved $0.17/share dividend payable March 31, 2023 to holders of record March 20, 2023.
Net LTM leverage 1.0x; issued $400M 9.25% Senior Notes due 2028 in February 2023.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Crescent Energy Co reported FY 2022 results: net income $481 million.

Period: FY 2022
Net income: $481 million
Result: reported results

Exact text from the filing

Crescent reported $481 million of net income and $582 million of Adjusted Net Income (1) for the year.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.85

Crescent Energy Co updated its FY 2023 guidance (reaffirmed).

Period: FY 2023
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

Announced 2023 outlook: maintenance program with planned capital investments of $575 - $650 million, excluding acquisitions, slightly lower than 2022 levels at the midpoint

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Crescent Energy Co reported Q4 2022 results: net income $49 million.

Period: Q4 2022
Net income: $49 million
Result: reported results

Exact text from the filing

Crescent reported $49 million of net income and $114 million of Adjusted Net Income (1) in the fourth quarter.

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36 earnings releases filed in the last 30 days. Browse all earnings releases →

Crescent Energy Co filing history →

Source: SEC EDGAR

accession 0001866175-23-000009

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