earnings
confidence high
sentiment positive
materiality 0.70
Crescent Energy Q2 net income $70M, raises full-year production guide, pro forma guidance after SilverBow close
Crescent Energy Co
- Net income $70M, Adjusted EBITDAX $320M, Levered Free Cash Flow $147M.
- Production 165 MBoe/d (44% oil, 62% liquids); capital spend $120M.
- Declared $0.12/share quarterly cash dividend; leverage 1.3x; liquidity $2.1B.
- SilverBow acquisition closed; $35M of $65–100M synergies realized; Fitch upgrade to BB-.
- 2H'24 pro forma guidance: prod 232–241 MBoe/d, capex $460–510M; standalone guide up ~2%.