---
schema_version: "secwatch.filing_event.v1"
accession: "0001866175-23-000052"
form_type: "8-K"
ticker: "CRGY"
cik: "0001866175"
company_name: "Crescent Energy Co"
filed_at: "2023-08-09T23:59:59+00:00"
generated_at: "2026-06-11T23:30:42.121475+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Crescent Energy Q2 net income $57M, raises 2023 outlook, closes Western Eagle Ford deal

## Summary
- Q2 net income $57M; Adjusted Net Income $25M; Adjusted EBITDAX $225M; operating cash flow $183M.
- Production 139 MBoe/d (+1.5% QoQ); oil & liquids 46% and 60% of volumes; raised FY 2023 production guidance to 143-148 Mboe/d.
- Lowered 2023 capex guidance to $575-625M (down ~10% at midpoint vs. initial $625-700M) on improved efficiencies.
- Closed accretive Western Eagle Ford acquisition; declared $0.12/share quarterly dividend; public float increased to 45%.
- Exited Q2 at 1.1x net LTM leverage; completed $300M notes offering in July, liquidity ~$800M; S&P upgrade.

## SEC filing metadata
- accession: 0001866175-23-000052
- form_type: 8-K
- ticker: CRGY
- cik: 0001866175
- company_name: Crescent Energy Co
- filed_at: 2023-08-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1866175/000186617523000052/0001866175-23-000052-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1866175/000186617523000052/crgy-20230809.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001866175-23-000052
- JSON: https://secwatch.observer/filing/0001866175-23-000052.json
- Plain text: https://secwatch.observer/filing/0001866175-23-000052.txt

## Key facts
- Earnings Releases
  Crescent Energy Co reported the quarter ended June 30, 2023 results: net income $57 million of net income. Guidance raised.
  - Period: the quarter ended June 30, 2023
  - Net income: $57 million of net income
  - Guidance: raised
  - Result: reported results
  source text: announced its financial and operating results for the quarter ended June 30, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1866175/000186617523000052/0001866175-23-000052-index.htm

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