secwatch.observer — SEC 8-K summary
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Issuer:     Crescent Energy Co (CRGY)
CIK:        0001866175
Form:       8-K
Filed at:   2025-05-05T23:59:59+00:00
Accession:  0001866175-25-000077
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 reports Q1 2025 record production 258 MBoe/d, $242M levered free cash flow, updates guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1866175/000186617525000077/0001866175-25-000077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1866175/000186617525000077/crgy-20250505.htm
  HTML page:      https://secwatch.observer/filing/0001866175-25-000077

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