earnings
confidence high
sentiment positive
materiality 0.75
Crescent Energy FY2024 net loss $138M, adj net income $357M; guides ~30% production growth
Crescent Energy Co
- Full year 2024 net loss $138M, Adjusted Net Income $357M; record production 201 MBoe/d (up >30% YoY).
- Q4 2024 net loss $170M, Adjusted Net Income $132M; record production 255 MBoe/d.
- 2025 guidance: production 254-264 MBoe/d, capex $925-$1,025M, ~30% production growth.
- Executed $3B+ Eagle Ford M&A in 2024; Ridgemar closed Jan 31, 2025 with ~$600M drawn on revolver.
- Net LTM Leverage 1.4x, liquidity $2.1B; used 20% of share repurchase at $10.07/share.