secwatch.observer — SEC 8-K summary
======================================

Issuer:     Crescent Energy Co (CRGY)
CIK:        0001866175
Form:       8-K
Filed at:   2026-05-04T23:59:59+00:00
Accession:  0001866175-26-000088
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Crescent Energy Q1 beats expectations; record production 341 MBoe/d, $192M levered FCF
--------------------------------------------------------------------------------

- Net loss $419M, adjusted net income $175M; operating cash flow $409M, levered FCF $192M.
- Record average production 341 MBoe/d (41% oil); $385M capex, 37 wells brought online.
- Executed $690M 2.75% convertible bond; called $500M 9.25% notes due 2028.
- Completed two Eagle Ford minerals acquisitions for ~$355M cash in Q1.
- Dividend $0.12/share payable June 1, 2026; $336M remaining on buyback program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1866175/000186617526000088/0001866175-26-000088-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1866175/000186617526000088/crgy-20260504.htm
  HTML page:      https://secwatch.observer/filing/0001866175-26-000088

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