secwatch.observer — SEC 8-K summary
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Issuer:     Crescent Energy Co (CRGY)
CIK:        0001866175
Form:       8-K
Filed at:   2023-03-07T23:59:59+00:00
Accession:  0001866175-23-000009
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1866175/000186617523000009/0001866175-23-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1866175/000186617523000009/crgy-20230307.htm
  HTML page:      https://secwatch.observer/filing/0001866175-23-000009

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