---
schema_version: "secwatch.filing_event.v1"
accession: "0001866175-23-000024"
form_type: "8-K"
ticker: "CRGY"
cik: "0001866175"
company_name: "Crescent Energy Co"
filed_at: "2023-05-10T23:59:59+00:00"
generated_at: "2026-06-15T07:09:07.986851+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Crescent Energy Q1 net income $256M; declares $0.12 dividend; announces $600M Eagle Ford bolt-on acquisition

## Summary
- Adjusted Net Income $54M; Adjusted EBITDAX $232M; Production 137 MBoe/d (43% oil).
- Dividend of $0.12 per share, payable June 7, 2023, to shareholders of record May 24.
- Agreed to acquire Western Eagle Ford assets from Mesquite Energy for $600M cash; expected close early Q3 2023.
- Total liquidity $1.1B; Net LTM Leverage 1.0x; $400M senior notes issued in February.
- Annual capex guidance unchanged at $575-$650M; capital investments $202M in Q1.

## SEC filing metadata
- accession: 0001866175-23-000024
- form_type: 8-K
- ticker: CRGY
- cik: 0001866175
- company_name: Crescent Energy Co
- filed_at: 2023-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1866175/000186617523000024/0001866175-23-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1866175/000186617523000024/crgy-20230510.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001866175-23-000024
- JSON: https://secwatch.observer/filing/0001866175-23-000024.json
- Plain text: https://secwatch.observer/filing/0001866175-23-000024.txt

## Key facts
- Earnings Releases
  Crescent Energy Co reported first quarter of 2023 results: net income $256 million, EPS $0.12 per share.
  - Period: first quarter of 2023
  - Net income: $256 million
  - EPS: $0.12 per share
  - Result: reported results
  source text: Crescent Energy Company (the “Company”) announced its financial and operating results for the quarter ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1866175/000186617523000024/0001866175-23-000024-index.htm

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