Crescent Energy Co — fact timeline

Crescent Energy Co amended Fifteenth Amendment to Credit Agreement with Wells Fargo Bank, National Association, as administrative agent, collateral agent and a letter of credit issuer, and the other lenders and letter of credit issuers party thereto from time to time valued at $600.0 million (effective 2026-05-18).

“On May 18, 2026, Crescent Energy Finance LLC, a Delaware limited liability company (“Crescent Finance”) and a wholly owned subsidiary of Crescent Energy Company (NYSE: CRGY) (“Crescent”), entered into that certain Fifteenth Amendment to Credit Agreement (the “Credit Agreement Amendment”), which amended Crescent’s existing Credit Agreement, dated as of May 6, 2021”

Crescent Energy Co amended credit facility of $3.5 billion with Wells Fargo Bank, National Association maturing May 19, 2031.

“the Credit Agreement Amendment (i) provides for a decrease in the borrowing base from $3.9 billion to $3.5 billion”

Crescent Energy Co reported the quarter ended March 31, 2026 results: net income $419 million of net loss.

“Crescent reported $419 million of net loss and $175 million of Adjusted Net Income (1) in the first quarter.”

Crescent Energy Co issued convertible note to Initial Purchasers for $690 million aggregate principal amount.

“On March 6, 2026, Crescent Energy Company, a Delaware corporation (NYSE: CRGY) (the “Company”), issued $690 million aggregate principal amount of its 2.75% Convertible Senior Notes due 2031 (the “Notes”), which included the exercise in full of the Initial Purchasers’ (as defined below) option to purchase up to an additional $90 million principal amount of Notes.”

Crescent Energy Co incurred convertible notes of $690 million aggregate principal amount with U.S. Bank Trust Company, National Association at 2.75% maturing March 15, 2031.

“issued $690 million aggregate principal amount of its 2.75% Convertible Senior Notes due 2031”

Crescent Energy Co entered into Indenture with U.S. Bank Trust Company, National Association valued at $690 million aggregate principal amount (effective 2026-03-06).

“On March 6, 2026, Crescent Energy Company, a Delaware corporation (NYSE: CRGY) (the “Company”), issued $690 million aggregate principal amount of its 2.75% Convertible Senior Notes due 2031”

Crescent Energy Co entered into Crescent 2030 Notes Indenture with U.S. Bank Trust Company, National Association, as trustee valued at $237,179,000 aggregate principal amount.

“On the Settlement Date, the Issuer issued $237,179,000 aggregate principal amount of the Crescent 2030 Notes pursuant to that certain Indenture, dated as of the Settlement Date (the “Crescent 2030 Notes Indenture” and, together with the Crescent 2029 Notes Indenture, the “Crescent Notes Indentures”), among the Issuer, the Guarantors and the Trustee.”

Crescent Energy Co entered into Crescent 2029 Notes Indenture with U.S. Bank Trust Company, National Association, as trustee valued at $294,843,000 aggregate principal amount.

“On the Settlement Date, the Issuer issued $294,843,000 aggregate principal amount of the Crescent 2029 Notes pursuant to that certain Indenture, dated as of the Settlement Date (the “Crescent 2029 Notes Indenture”), among the Issuer, certain subsidiaries of the Issuer, as guarantors (the “Guarantors”), and U.S. Bank Trust Company, National Association , as trustee (the “Trustee”).”

Crescent Energy Co incurred senior notes of $294,843,000 aggregate principal amount of 7.75% Senior Notes due 2029 and $237,179,000 aggregate principal amount of 9. with holders at 7.75% per annum and 9.750% per annum maturing July 31, 2029 and October 15, 2030.

“On the Settlement Date, the Issuer issued $294,843,000 aggregate principal amount of the Crescent 2029 Notes pursuant to that certain Indenture, dated as of the Settlement Date (the “Crescent 2029 Notes Indenture”), among the Issuer, certain subsidiaries of the Issuer, as guarantors (the “Guarantors”), and U.S. Bank Trust Company, National Association , as trustee (the “Trustee”).”

Crescent Energy Co completed an acquisition involving Vital Energy, Inc. (closed 2025-12-15).

“On December 15, 2025 (the “Closing Date”), Crescent Energy Company, a Delaware corporation (“Crescent” or “Parent”), completed its previously announced transaction with Vital Energy, Inc., a Delaware Corporation (“Vital” or the “Company”), pursuant to the Agreement and Plan of Merger (the “Merger Agreement”) with Vital, Venus Merger Sub I Inc., a Delaware corporation and a wholly owned subsidiary of Parent (“Merger Sub Inc.”), and Venus Merger Sub II LLC, a Delaware limited liability company and a wholly owned subsidiary of Parent (“Merger Sub LLC”).”

Crescent Energy Co amended credit facility of $2.0 billion with Wells Fargo Bank, National Association at SOFR plus 1.75% to 2.75% maturing October 22, 2030.

“aggregate maximum credit amount under Crescent’s credit facility from $3.0 billion to $6.0 billion. The Credit Agreement Amendment maintains the aggregate elected commitments at $2.0 billion. The foregoing description of the Credit Agreement Amendment does not purport to be complete and is qualified in its entirety by reference to the text of the Credit Agreement”

Crescent Energy Co incurred senior notes of $600.0 million aggregate principal amount with U.S. Bank Trust Company, National Association at 8.375% per annum maturing January 15, 2034.

“On July 8, 2025, Crescent Energy Finance LLC, a Delaware limited liability company (the “Issuer”) and indirect subsidiary of Crescent Energy Company (NYSE: CRGY) (the “Company”), issued $600.0 million aggregate principal amount of its 8.375% Senior Notes due 2034 (the “Notes”).”

Jerome D. "Joey" Hall was appointed as Chief Operating Officer at Crescent Energy Co.

“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.”

Crescent Energy Co completed an acquisition involving Ridgemar Energy Operating, LLC for $830 million in cash and 5,454,546 shares of Class A Common Stock (closed 2025-01-31).

“defined will have the meanings ascribed to them in the Purchase Agreement. Pursuant to the Purchase Agreement, the Seller received aggregate consideration consisting of (i) $830 million in cash (the “Cash Consideration”), and (ii) 5,454,546 shares of Class A Common Stock, par value $0.0001 per share (“Class A Common Stock”) of the Company (the “Stock”

Crescent Energy Co completed an acquisition involving SilverBow Resources, Inc. for a combination of 1.866 shares of Crescent's Class A common stock and $15.31 in cash, $38.00 in cash, or 3.125 shares of Crescent Class A common stock (closed 2024-07-30).

“owned subsidiary of SilverBow ) was converted into the right to receive, at the election of the holder thereof, one of the following forms of consideration: (A) a combination of 1.866 shares of Crescent’s Class A common stock, par value $0.0001 per share (the “Crescent Class A Common Stock”) and $15.31 in cash (the “Mixed Election Consideration”), (B) $38.00 in”

Michael Duginski was appointed as Director at Crescent Energy Co.

“appointed Marcus C. Rowland and Michael Duginski to the Board”

Marcus C. Rowland was appointed as Director at Crescent Energy Co.

“appointed Marcus C. Rowland and Michael Duginski to the Board”

Crescent Energy Co entered into Agreement and Plan of Merger with SilverBow Resources, Inc., Artemis Acquisition Holdings Inc., Artemis Merger Sub Inc., and Artemis Merger Sub II LLC (effective 2024-05-15).

“On May 15, 2024, Crescent Energy Company, a Delaware corporation (“Crescent”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with SilverBow Resources, Inc., a Delaware corporation (“SilverBow”), Artemis Acquisition Holdings Inc., a Delaware corporation and a direct wholly owned subsidiary of Crescent (“Artemis Holdings”), Artemis Merger Sub Inc., a Delaware corporation and a direct wholly owned subsidiary of Crescent (“Merger Sub Inc.”), and Artemis Merger Sub II LLC, a Delaware limited liability company and a direct wholly owned subsidiary of Artemis Holdings (“Merger Sub LLC,” and together with Crescent, Artemis Holdings and Merger Sub Inc., the “Crescent Parties").”

Crescent Energy Co reported the first quarter of 2024 results: net income $32 million. Guidance raised.

“Crescent Energy Company (the “Company”) announced its financial and operating results for the quarter ended March 31, 2024.”

Crescent Energy Co amended credit facility with Wells Fargo Bank, National Association, as administrative agent, collateral agent and a letter of credit issuer at SOFR plus 2.35% to 3.35% or an adjusted base rate plus 1.25% to 2.25%, in each c maturing April 10, 2029.

“Among other things, the Credit Agreement Amendment included a reduction of the borrowing base to $1.7 billion from $2.0 billion and maintained elected commitments at $1.3 billion and extends the maturity date of any revolving loans under the Credit Agreement to April 10, 2029 from September 23, 2027.”

Crescent Energy Co amended Seventh Amendment to Credit Agreement with Wells Fargo Bank, National Association valued at reduction of the borrowing base to $1.7 billion from $2.0 billion and maintained elected commitments (effective 2024-04-10).

“by and among Crescent Finance, certain subsidiaries of Crescent Finance, as guarantors, Wells Fargo Bank, National Association, as administrative agent, collateral agent and a letter of credit issuer, and the other lenders and letter of credit issuers party thereto from time to time.”

Crescent Energy Co incurred senior notes of $700.0 million aggregate principal amount with U.S. Bank Trust Company, National Association at 7.625% per annum maturing April 1, 2032.

“On March 26, 2024, the Issuer issued $700.0 million aggregate principal amount of its 7.625% senior notes due 2032 (the “Notes”).”

Crescent Energy Co reported financial results for the quarter and year ended December 31, 2023.

“On March 4, 2024, Crescent Energy Company (the “Company”) announced its financial and operating results for the quarter and year ended December 31, 2023.”

Crescent Energy Co amended Sixth Amendment to Credit Agreement with Wells Fargo Bank, National Association (effective 2023-12-13).

“On December 13, 2023, Crescent Energy Finance LLC, a Delaware limited liability company (“Crescent Finance”) and wholly owned subsidiary of Crescent Energy Company (NYSE: CRGY) (the “Company”), entered into that certain Sixth Amendment to Credit Agreement (the “Credit Agreement Amendment”), which amended the Company’s existing Credit Agreement, dated as of May 6, 2021”

Crescent Energy Co incurred senior notes of $150 million aggregate principal amount with U.S. Bank Trust Company, National Association at 9.250% per annum maturing February 15, 2028.

“issued $150 million aggregate principal amount of its 9.250% Senior Notes due 2028”

Crescent Energy Co reported for the quarter ended September 30, 2023 results: net income $131 million of net loss.

“Crescent reported $131 million of net loss and $59 million of Adjusted Net Income (1) in the third quarter.”

Crescent Energy Co incurred senior notes of $150 million aggregate principal amount with U.S. Bank Trust Company, National Association at 9.250% maturing February 15, 2028.

“issued $150 million aggregate principal amount of its 9.250% senior notes due 2028 (the “New Notes”).”

Benjamin M. Conner resigned as Executive Vice President at Crescent Energy Co.

“On August 18, 2023, Benjamin M. Conner notified Crescent Energy Company (NYSE: CRGY) (the “Company”) of his intent to resign from his position as Executive Vice President of the Company in order to pursue other business opportunities, effective immediately.”

Crescent Energy Co reported the quarter ended June 30, 2023 results: net income $57 million of net income. Guidance raised.

“announced its financial and operating results for the quarter ended June 30, 2023”

Crescent Energy Co incurred senior notes of $300 million aggregate principal amount with U.S. Bank Trust Company, National Association at 9.250% per annum maturing February 15, 2028.

“On July 20, 2023, Crescent Energy Finance LLC (the “Issuer”), a Delaware limited liability company and indirect subsidiary of Crescent Energy Company (NYSE: CRGY) (the “Company”), issued $300 million aggregate principal amount of its 9.250% senior notes due 2028 (the “New Notes”).”

Crescent Energy Co reported preliminary financial results for the fiscal quarter ended June 30, 2023.

“On July 17, 2023, in connection with the Notes Offering (as defined below), Crescent Energy Company (NYSE: CRGY) (the “Company” or “our,” “us,” or “we”) provided certain updated disclosures to potential investors, including certain preliminary operating and financial data for the fiscal quarter ended June 30, 2023, the relevant excerpts of which are set forth below.”

Crescent Energy Co completed an acquisition involving Javelin EF L.P. for approximately $600 million in cash (closed 2023-07-03).

“the Seller received aggregate consideration of approximately $600 million in cash, subject to certain customary purchase price adjustments set forth in the Purchase Agreement.”

Crescent Energy Co amended credit facility of borrowing base at $2.0 billion and maintained the elected commitments at $1.3 billion with Wells Fargo Bank, National Association at SOFR plus 2.35% to 3.35% or an adjusted base rate plus 1.25% to 2.25%.

“other lenders and letter of credit issuers party thereto from time to time. Among other things, the Credit Agreement Amendment included a reaffirmation of the borrowing base at $2.0 billion and maintained the elected commitments at $1.3 billion. The Credit Agreement Amendment also maintains the applicable margin, so that loans under the Credit Agreement will”

Crescent Energy Co amended Fifth Amendment to Credit Agreement with Wells Fargo Bank, National Association, as administrative agent, collateral agent and a letter of credit issuer, and the other lenders and letter of credit issuers party thereto.

“On the Closing Date, in connection with the Transaction, Crescent Energy Finance LLC (“Crescent Finance”), a subsidiary of the Company, entered into that certain Fifth Amendment to Credit Agreement (the “Credit Agreement Amendment”), which amended the Company’s existing Credit Agreement, dated as of May 6, 2021”

Crescent Energy Co reported first quarter of 2023 results: net income $256 million, EPS $0.12 per share.

“Crescent Energy Company (the “Company”) announced its financial and operating results for the quarter ended March 31, 2023.”

Crescent Energy Co entered into Purchase Agreement with Mesquite Comanche Holdings, LLC and SN EF Maverick, LLC valued at approximately $600 million in cash (effective 2023-05-02).

“On May 2, 2023, Javelin EF L.P. (the “Purchaser”), a subsidiary of Crescent Energy Company (NYSE: CRGY) (the “Company”), entered into a Purchase and Sale Agreement (the “Purchase Agreement”) with Mesquite Comanche Holdings, LLC (“Comanche Holdings”) and SN EF Maverick, LLC (“SN EF Maverick,” and collectively with Comanche Holdings, the “Seller”), pursuant to which the Purchaser has agreed to acquire from the Seller certain interests in oil and gas properties, rights and related assets (the “Purchased Assets”).”

Crescent Energy Co updated its FY 2023 guidance (reaffirmed).

“Announced 2023 outlook: maintenance program with planned capital investments of $575 - $650 million, excluding acquisitions, slightly lower than 2022 levels at the midpoint”

Crescent Energy Co reported FY 2022 results: net income $481 million.

“Crescent reported $481 million of net income and $582 million of Adjusted Net Income (1) for the year.”

Crescent Energy Co reported Q4 2022 results: net income $49 million.

“Crescent reported $49 million of net income and $114 million of Adjusted Net Income (1) in the fourth quarter.”

Crescent Energy Co incurred senior notes of $400.0 million with U.S. Bank Trust Company, National Association at 9.250% per annum maturing February 15, 2028.

“On February 1, 2023, Crescent Energy Finance LLC (the “Issuer”), a Delaware limited liability company and indirect subsidiary of Crescent Energy Company (NYSE: CRGY) (the “Company”), issued $400.0 million aggregate principal amount of its 9.250% senior notes due 2028 (the “Notes”).”

Crescent Energy Co reported preliminary financial results for year ended December 31, 2022.

“On January 25, 2023, in connection with the Notes Offering (as defined below), Crescent Energy Company (NYSE: CRGY) (“CRGY” or “our,” “us,” or “we”) provided certain updated disclosures to potential investors, the relevant excerpts of which are set forth below. Certain preliminary data for Q4 2022 As of the date of this current report, we have not finalized our financial and operational results for the year ended December 31, 2022. However, based on preliminary information, we estimate that, for the year ended December 31, 2022, our production ranged from 137 to 139 thousand barrels of oil equivalent per day (“MBoe/d”).”

Crescent Energy Co reported third quarter of 2022 results: net income $555 million of net income. Guidance reaffirmed.

“Crescent Energy Company (the “Company”) announced its financial and operating results for the quarter ended September 30, 2022.”

Clay Rynd was appointed as Executive Vice President at Crescent Energy Co.

“Clay Rynd (32) Mr. Rynd has been appointed Executive Vice President of the Company.”

Ben Conner was appointed as Executive Vice President at Crescent Energy Co.

“Ben Conner (35) Mr. Conner has been appointed as Executive Vice President of the Company.”

Todd Falk was appointed as Chief Accounting Officer at Crescent Energy Co.

“Todd Falk (41) Mr. Falk has been appointed Chief Accounting Officer of the Company.”

Brandi Kendall was appointed as Chief Financial Officer at Crescent Energy Co.

“Brandi Kendall (37) Ms. Kendall has been appointed Chief Financial Officer of the Company.”

David C. Rockecharlie was appointed as Chief Executive Officer at Crescent Energy Co.

“David C. Rockecharlie (49) Mr. Rockecharlie has been appointed Chief Executive Officer of the Company.”