---
schema_version: "secwatch.filing_event.v1"
accession: "0001866175-25-000166"
form_type: "8-K"
ticker: "CRGY"
cik: "0001866175"
company_name: "Crescent Energy Co"
filed_at: "2025-11-03T23:59:59+00:00"
generated_at: "2026-05-17T00:56:50.962842+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Crescent Energy Q3 2025: $204M levered FCF, net loss $10M; raises guidance

## Summary
- 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.

## SEC filing metadata
- accession: 0001866175-25-000166
- form_type: 8-K
- ticker: CRGY
- cik: 0001866175
- company_name: Crescent Energy Co
- filed_at: 2025-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1866175/000186617525000166/0001866175-25-000166-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1866175/000186617525000166/crgy-20251103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001866175-25-000166
- JSON: https://secwatch.observer/filing/0001866175-25-000166.json
- Plain text: https://secwatch.observer/filing/0001866175-25-000166.txt

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