Crescent Energy Q3 net loss $131M but record production 157 Mboe/d and record levered free cash flow $160M

Crescent Energy Co

Net loss $131M; Adjusted Net Income $59M; Adjusted EBITDAX $290M; record Levered Free Cash Flow $160M.
Record production 157 Mboe/d (13% QoQ); oil 46%, liquids 62%; strong well performance.
Closed $850M Western Eagle Ford acquisitions; integration ahead of schedule; well costs improved 20%.
Raised $600M in capital markets; 1.4x net leverage; >$1.1B liquidity; declared $0.12/share dividend.
Reaffirmed FY capex $580-$630M; published 2022 Sustainability Report; 27% GHG reduction from 2021 baseline.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Crescent Energy Co reported for the quarter ended September 30, 2023 results: net income $131 million of net loss.

Period: for the quarter ended September 30, 2023
Net income: $131 million of net loss
Result: reported results

Exact text from the filing

Crescent reported $131 million of net loss and $59 million of Adjusted Net Income (1) in the third quarter.

View on SEC.gov

36 earnings releases filed in the last 30 days. Browse all earnings releases →

Crescent Energy Co filing history →

Source: SEC EDGAR

accession 0001866175-23-000071

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.