---
schema_version: "secwatch.filing_event.v1"
accession: "0001866175-24-000052"
form_type: "8-K"
ticker: "CRGY"
cik: "0001866175"
company_name: "Crescent Energy Co"
filed_at: "2024-05-06T23:59:59+00:00"
generated_at: "2026-06-02T22:27:19.709896+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Crescent Energy Q1 record production 166 MBoe/d; guides FY 2024 higher

## Summary
- Record quarterly production 166 MBoe/d (42% oil; 59% liquids); net loss $32M on derivative mark-to-market.
- Adjusted EBITDAX $313M, operating cash flow $184M, levered free cash flow $66M.
- FY 2024 production guidance raised ~1.5% to 157-162 MBoe/d; capex $193M in Q1.
- Declared $0.12/share quarterly dividend; executed $23M buyback with $127M remaining.
- Closed $25M bolt-on Eagle Ford minerals acquisition; net leverage 1.4x, liquidity $1.2B.

## SEC filing metadata
- accession: 0001866175-24-000052
- form_type: 8-K
- ticker: CRGY
- cik: 0001866175
- company_name: Crescent Energy Co
- filed_at: 2024-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 5.07, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1866175/000186617524000052/0001866175-24-000052-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1866175/000186617524000052/crgy-20240506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001866175-24-000052
- JSON: https://secwatch.observer/filing/0001866175-24-000052.json
- Plain text: https://secwatch.observer/filing/0001866175-24-000052.txt

## Key facts
- Earnings Releases
  Crescent Energy Co reported the first quarter of 2024 results: net income $32 million. Guidance raised.
  - Period: the first quarter of 2024
  - Net income: $32 million
  - Guidance: raised
  - Result: reported results
  source text: Crescent Energy Company (the “Company”) announced its financial and operating results for the quarter ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1866175/000186617524000052/0001866175-24-000052-index.htm

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