secwatch.observer — SEC 8-K summary
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Issuer:     Crescent Energy Co (CRGY)
CIK:        0001866175
Form:       8-K
Filed at:   2025-11-03T23:59:59+00:00
Accession:  0001866175-25-000166
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1866175/000186617525000166/0001866175-25-000166-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1866175/000186617525000166/crgy-20251103.htm
  HTML page:      https://secwatch.observer/filing/0001866175-25-000166

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer