---
schema_version: "secwatch.filing_event.v1"
accession: "0001866175-24-000014"
form_type: "8-K"
ticker: "CRGY"
cik: "0001866175"
company_name: "Crescent Energy Co"
filed_at: "2024-03-04T23:59:59+00:00"
generated_at: "2026-06-05T05:01:59.910908+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Crescent Energy reports record 2023 production; issues 2024 guidance with 6% growth

## Summary
- Full-year 2023 net income $322M, Adj. EBITDAX $1.0B; record annual production 149 MBoe/d (+8% YoY).
- Q4 2023 net income $140M, Adj. Net Income $53M; record quarterly production 165 MBoe/d with $102M levered free cash flow.
- Generated $936M operating cash flow and $310M levered free cash flow for full year 2023.
- 2024 guidance: production 155-160 MBoe/d (~6% growth), capex $550-625M; fixed dividend $0.12/share, $150M buyback.
- Closed two Eagle Ford acquisitions for $850M aggregate; credit rating upgraded (S&P B+/BB-, Moody's).

## SEC filing metadata
- accession: 0001866175-24-000014
- form_type: 8-K
- ticker: CRGY
- cik: 0001866175
- company_name: Crescent Energy Co
- filed_at: 2024-03-04T23:59:59+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/1866175/000186617524000014/0001866175-24-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1866175/000186617524000014/crgy-20240304.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001866175-24-000014
- JSON: https://secwatch.observer/filing/0001866175-24-000014.json
- Plain text: https://secwatch.observer/filing/0001866175-24-000014.txt

## Key facts
- Earnings Releases
  Crescent Energy Co reported financial results for the quarter and year ended December 31, 2023.
  - Period: the quarter and year ended December 31, 2023
  - Result: reported results
  source text: On March 4, 2024, Crescent Energy Company (the “Company”) announced its financial and operating results for the quarter and year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1866175/000186617524000014/0001866175-24-000014-index.htm

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