Highest-materiality recent filing
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.
Crescent Energy expects $40M net cash paid on Q1 2026 derivative settlements
Net cash paid on commodity derivative positions: $40M, including $101M paid on settlements and $61M from acquired contracts.
Crescent Energy prices upsized $690M of 2.75% convertible notes due 2031
Issued $690M aggregate principal of 2.75% Convertible Senior Notes due 2031, including full exercise of $90M over-allotment.
Crescent Energy announces $400M convertible notes offering to redeem 9.25% senior notes due 2028
$400M convertible senior notes due 2031 offered privately; underwriters can purchase up to additional $60M.
FY2025: net income $167M, Adj. net income $470M, Adj. EBITDAX $2.1B, OCF $1.7B, levered FCF $856M.
Crescent Energy reports $84M hedge cash received in Q4 2025, $165M for full year
Preliminary Q4 2025 hedge settlements total $84M cash received ($50M net derivatives, $34M from acquired contracts).
Crescent Energy completes exchange of Vital notes, issues $532M in new senior notes
Issued $294.8M of 7.75% senior notes due 2029 and $237.2M of 9.75% senior notes due 2030.
Crescent Energy completes acquisition of Vital Energy; exchange ratio 1.9062 shares per Vital share
Completed acquisition of Vital Energy; each Vital share converted into 1.9062 shares of Crescent Class A common stock.
Crescent launches exchange offers for up to $600M of Vital senior notes
Crescent Finance offers to exchange up to $298M of 7.75% Vital notes due 2029 and $302M of 9.75% notes due 2030 for new Crescent notes with identical terms.
Crescent Energy files pro forma financials for Vital Energy, Ridgemar, and SilverBow acquisitions
Ridgemar Acquisition: $830M cash + 5.45M Crescent shares; earn-out up to $170M based on WTI.
Crescent Energy Q3 2025: $204M levered FCF, net loss $10M; raises guidance
Q3 production 253 MBoe/d (41% oil); drilled 16 gross operated wells in Eagle Ford.
Borrowing base automatically increases by $1.3B to $3.9B upon completion of Crescent-Vital combination.
Crescent Energy expects $81M in hedge cash receipts for nine months ended Sep 2025
Total cash received from hedge positions: $37M in Q3 2025, $81M for nine-month period.
Crescent issues pro forma financials for Ridgemar (Jan 2025) and SilverBow (Jul 2024) acquisitions
Ridgemar Acquisition: $830M cash + 5,454,546 shares of Class A common + up to $170M earn-out based on 2026-27 WTI oil prices.
Crescent Energy to acquire Vital Energy in all-stock transaction valued at $3.1B
All-stock acquisition values Vital at ~$3.1B inclusive of net debt; Vital shareholders get 1.9062 Crescent shares per Vital share.
Crescent Energy to acquire Vital Energy in all-stock merger; exchange ratio 1.9062
Crescent to acquire Vital in all-stock merger; each Vital share converts into 1.9062 Crescent shares.
Crescent Energy Q2 2025: record production 263 MBoe/d, net income $162M, enhances 2025 guidance
Record production of 263 MBoe/d (41% oil); net income $162M, Adjusted EBITDAX $514M, Levered FCF $171M.
Crescent Energy issues $600M 8.375% notes due 2034, tenders $306M of 9.25% notes
Issued $600M 8.375% Senior Notes due 2034; interest payable Jan 15 and Jul 15 starting Jan 2026.
Crescent Energy expects $37M hedge cash in Q2, $44M in H1 2025
Preliminary hedge settlements: $37M received in Q2 2025; $44M in six months ended June 30, 2025.
Crescent Energy Finance LLC priced $600M aggregate principal of 8.375% Senior Notes due 2034, upsized from $500M.
Crescent Energy subsidiary plans $500M notes offering, launches tender for 2028 notes
CE Finance intends to offer $500M Senior Notes due 2034 in a private placement.
Crescent Energy appoints Joey Hall as COO, effective June 2, 2025
Jerome D. "Joey" Hall, age 59, previously EVP Operations at Pioneer Natural Resources, appointed COO.
On May 19, 2025, the Board of Directors (the “Board”) of Crescent Energy Company (the “Company”) appointed Mr. Jerome D. “Joey” Hall to serve as the Company’s Chief Operating Officer, effective June 2, 2025.
Max materiality 0.90 · Median 0.75 · Most common event debt