Crescent Energy reports preliminary Q3 hedge cash receipts of $31M

Crescent Energy Co

For Q3 2024, expects total cash received on hedge positions of $31M, including $5M net cash received on derivative settlements.
For nine months ended Sep 30, 2024, expects total cash paid of $17M on hedge positions.
Includes $26M in settlements of acquired derivative contracts from the SilverBow Merger, reported as positive cash flow adjustments.
Dollar amounts are preliminary and subject to change; final results will be in the Q3 2024 10-Q.

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