secwatch.observer — SEC 8-K summary
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Issuer:     Crescent Energy Co (CRGY)
CIK:        0001866175
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0001866175-23-000024
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1866175/000186617523000024/0001866175-23-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1866175/000186617523000024/crgy-20230510.htm
  HTML page:      https://secwatch.observer/filing/0001866175-23-000024

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