---
schema_version: "secwatch.filing_event.v1"
accession: "0001866175-23-000071"
form_type: "8-K"
ticker: "CRGY"
cik: "0001866175"
company_name: "Crescent Energy Co"
filed_at: "2023-11-06T23:59:59+00:00"
generated_at: "2026-06-08T21:30:31.285423+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001866175-23-000071
- form_type: 8-K
- ticker: CRGY
- cik: 0001866175
- company_name: Crescent Energy Co
- filed_at: 2023-11-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1866175/000186617523000071/0001866175-23-000071-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1866175/000186617523000071/crgy-20231106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001866175-23-000071
- JSON: https://secwatch.observer/filing/0001866175-23-000071.json
- Plain text: https://secwatch.observer/filing/0001866175-23-000071.txt

## Key facts
- Earnings Releases
  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
  source text: Crescent reported $131 million of net loss and $59 million of Adjusted Net Income (1) in the third quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1866175/000186617523000071/0001866175-23-000071-index.htm

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