secwatch.observer — SEC 8-K summary
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Issuer:     Crescent Energy Co (CRGY)
CIK:        0001866175
Form:       8-K
Filed at:   2025-02-26T23:59:59+00:00
Accession:  0001866175-25-000023
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Crescent Energy FY2024 net loss $138M, adj net income $357M; guides ~30% production growth
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1866175/000186617525000023/0001866175-25-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1866175/000186617525000023/crgy-20250226.htm
  HTML page:      https://secwatch.observer/filing/0001866175-25-000023

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