---
schema_version: "secwatch.filing_event.v1"
accession: "0001866175-25-000077"
form_type: "8-K"
ticker: "CRGY"
cik: "0001866175"
company_name: "Crescent Energy Co"
filed_at: "2025-05-05T23:59:59+00:00"
generated_at: "2026-05-22T18:53:25.117843+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001866175-25-000077
- form_type: 8-K
- ticker: CRGY
- cik: 0001866175
- company_name: Crescent Energy Co
- filed_at: 2025-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1866175/000186617525000077/0001866175-25-000077-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1866175/000186617525000077/crgy-20250505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001866175-25-000077
- JSON: https://secwatch.observer/filing/0001866175-25-000077.json
- Plain text: https://secwatch.observer/filing/0001866175-25-000077.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.