secwatch.observer — SEC 8-K summary
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Issuer:     Crescent Energy Co (CRGY)
CIK:        0001866175
Form:       8-K
Filed at:   2024-11-04T23:59:59+00:00
Accession:  0001866175-24-000105
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Crescent Energy Q3 Adj EBITDAX $430M; raises 2H24 capex guidance ~10% lower
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- Q3 production 219 MBoe/d (39% oil); net loss $6M, Adj net income $82M, OCF $368M.
- Raised 2H24 guidance: capex down ~10% to $425-$455M; production unchanged 232-241 MBoe/d.
- Closed $168M all-cash Central Eagle Ford bolt-on Oct 1; added to S&P SmallCap 600 Oct 4.
- $250M add-on to 7.375% senior notes due 2033 at 101% of par; leverage 1.5x, liquidity $1.5B.
- Declared $0.12/share quarterly dividend; repurchased ~20% of authorization at avg $10.07.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1866175/000186617524000105/0001866175-24-000105-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1866175/000186617524000105/crgy-20241104.htm
  HTML page:      https://secwatch.observer/filing/0001866175-24-000105

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer