Crescent Energy FY2025 record production 260 MBoe/d, Adj. EBITDAX $2.1B; 2026 guidance 320-335 MBoe/d

Crescent Energy Co

FY2025: net income $167M, Adj. net income $470M, Adj. EBITDAX $2.1B, OCF $1.7B, levered FCF $856M.
Q4 2025: production 268 MBoe/d (39% oil), net income $9M, Adj. EBITDAX $536M, OCF $371M.
Completed ~$5B acquisitions in 2025, incl. $3.1B all-stock Vital Energy Permian; >$900M non-core divestitures.
2026 guidance: production 320-335 MBoe/d, development capex $1.325-1.425B, adj. opex $11.50-12.50/Boe.

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