secwatch.observer — SEC 8-K summary
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Issuer:     Crescent Energy Co (CRGY)
CIK:        0001866175
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0001866175-24-000052
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 5.02, 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1866175/000186617524000052/0001866175-24-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1866175/000186617524000052/crgy-20240506.htm
  HTML page:      https://secwatch.observer/filing/0001866175-24-000052

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