earnings
confidence high
sentiment positive
materiality 0.75
Crescent Energy Q3 2025: $204M levered FCF, net loss $10M; raises guidance
Crescent Energy Co
- Q3 production 253 MBoe/d (41% oil); drilled 16 gross operated wells in Eagle Ford.
- Operating cash flow $473M; levered free cash flow $204M; adjusted EBITDAX $487M.
- Net loss $10M, adjusted net income $88M; capex $205M (excluding acquisitions).
- 2025 capex guidance cut ~4% to $910-970M while maintaining production (ex-divestitures).
- Non-core divestitures signed >$700M in Sep-Oct, expected close by year-end; Vital deal on track.
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