---
schema_version: "secwatch.filing_event.v1"
accession: "0001866175-23-000009"
form_type: "8-K"
ticker: "CRGY"
cik: "0001866175"
company_name: "Crescent Energy Co"
filed_at: "2023-03-07T23:59:59+00:00"
generated_at: "2026-06-18T10:33:20.329479+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001866175-23-000009
- form_type: 8-K
- ticker: CRGY
- cik: 0001866175
- company_name: Crescent Energy Co
- filed_at: 2023-03-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1866175/000186617523000009/0001866175-23-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1866175/000186617523000009/crgy-20230307.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001866175-23-000009
- JSON: https://secwatch.observer/filing/0001866175-23-000009.json
- Plain text: https://secwatch.observer/filing/0001866175-23-000009.txt

## Key facts
- Earnings Releases
  Crescent Energy Co reported FY 2022 results: net income $481 million.
  - Period: FY 2022
  - Net income: $481 million
  - Result: reported results
  source text: Crescent reported $481 million of net income and $582 million of Adjusted Net Income (1) for the year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1866175/000186617523000009/0001866175-23-000009-index.htm
- Earnings Releases
  Crescent Energy Co updated its FY 2023 guidance (reaffirmed).
  - Period: FY 2023
  - Guidance: reaffirmed
  - Result: guidance update
  source text: Announced 2023 outlook: maintenance program with planned capital investments of $575 - $650 million, excluding acquisitions, slightly lower than 2022 levels at the midpoint
  evidence_url: https://www.sec.gov/Archives/edgar/data/1866175/000186617523000009/0001866175-23-000009-index.htm
- Earnings Releases
  Crescent Energy Co reported Q4 2022 results: net income $49 million.
  - Period: Q4 2022
  - Net income: $49 million
  - Result: reported results
  source text: Crescent reported $49 million of net income and $114 million of Adjusted Net Income (1) in the fourth quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1866175/000186617523000009/0001866175-23-000009-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.