earnings
confidence high
sentiment positive
materiality 0.75
Crescent Energy Q2 2025: record production 263 MBoe/d, net income $162M, enhances 2025 guidance
Crescent Energy Co
- Record production of 263 MBoe/d (41% oil); net income $162M, Adjusted EBITDAX $514M, Levered FCF $171M.
- Closed $72M accretive minerals acquisition on July 31, 2025; YTD non-core divestitures total ~$110M.
- Repaid ~$200M debt in Q2; reduced cash tax guidance to 0% under OBBBA; capex guidance cut ~3% to $910-990M.
- Drilled 27 gross wells, brought online 34; DC&F costs improved ~15% vs 2024; share repurchases $28M at $7.88.
- Simplified corporate structure by eliminating Up-C, transitioning to single class of common stock.
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