secwatch.observer — SEC 8-K summary
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Issuer:     Crescent Energy Co (CRGY)
CIK:        0001866175
Form:       8-K
Filed at:   2023-11-06T23:59:59+00:00
Accession:  0001866175-23-000071
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1866175/000186617523000071/0001866175-23-000071-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1866175/000186617523000071/crgy-20231106.htm
  HTML page:      https://secwatch.observer/filing/0001866175-23-000071

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