secwatch.observer — SEC 8-K summary
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Issuer:     Crescent Energy Co (CRGY)
CIK:        0001866175
Form:       8-K
Filed at:   2026-02-25T23:59:59+00:00
Accession:  0001866175-26-000023
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1866175/000186617526000023/0001866175-26-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1866175/000186617526000023/crgy-20260225.htm
  HTML page:      https://secwatch.observer/filing/0001866175-26-000023

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