Crescent Energy reports Q1 2025 record production 258 MBoe/d, $242M levered free cash flow, updates guidance

Crescent Energy Co

Record Q1 production 258 MBoe/d (40% oil, 58% liquids); net income $6M, adjusted net income $143M.
Adjusted EBITDAX $529M, operating cash flow $337M, levered free cash flow $242M (~45% annualized yield).
Closed Ridgemar Energy acquisition Jan 31 for $905M ($830M cash + 5.5M shares); YTD divestitures ~$90M.
Repurchased ~$30M shares YTD at avg $8.26; simplified corporate structure to single class common stock.
Updated FY2025 production guidance to 251-261 MBoe/d (from 254-264) reflecting divestitures; reaffirms 4-5 rig program.

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