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Visual21 Nov 2025
Data center suppliers
Crescent Energy Co (CRGY) investor relations material
Crescent Energy Co Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary4 Nov, 2025
Executive summary
Achieved robust financial and operational performance in Q3 2025, with all key metrics meeting or exceeding expectations and enhanced full-year outlook for the second consecutive quarter.
Announced a $3.1 billion all-stock acquisition of Vital Energy, establishing a top 10 U.S. independent oil and gas producer and expanding into the Permian Basin.
Executed over $800 million in non-core divestitures year-to-date, streamlining the portfolio, improving margins, and accelerating debt repayment.
Completed major corporate simplification, eliminating the Up-C structure and consolidating all common stock into Class A shares.
Continued focus on disciplined growth through acquisitions and consistent return of capital.
Financial highlights
Q3 2025 Adjusted EBITDAX/EBITDA was $487 million, Levered Free Cash Flow was $204.5 million, and production averaged 253 Mboe/d (41% oil, 58% liquids).
Total revenues for Q3 2025 were $866.6 million, up 16% year-over-year; net loss was $10.3 million for the quarter.
Capital expenditures for Q3 2025 were $205 million; nine-month capex was $677 million for development and $942 million for acquisitions.
Paid down over $150 million in debt during Q3 2025; net debt at quarter-end was $3.22 billion.
Quarterly dividend of $0.12 per share approved, yielding 6% annualized; share repurchases totaled $33 million YTD.
Outlook and guidance
Enhanced 2025 guidance with increased free cash flow, improved capital efficiency, and reduced capital expenditures to $910–$970 million.
Production outlook remains flat after divestitures, with flexibility to adjust spending based on market conditions.
Management and Board will evaluate future dividend increases on a quarterly basis.
Plan to reduce capital on Vital Permian assets by 60%-70%, aligning with historical capital intensity.
Reaffirmed legacy production guidance, with a 16,000 BOE/d reduction in Q4 2025 due to divestitures.
Vital Energy acquisition: new market ranking?
Divestiture program: strategic benefits?
2025 capital outlook improvement drivers?
Source of Vital acquisition synergy upside?
Impact of divestitures on portfolio decline rate?
Can Eagle Ford well outperformance be sustained?
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Next Crescent Energy Co earnings date
Q4 202527 Feb, 2026
Next Crescent Energy Co earnings date
Q4 202527 Feb, 2026
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Frequently asked questions
Crescent Energy Company is an independent energy company focused on the acquisition, exploration, and production of oil and natural gas. The company operates across various basins in the United States, with a diversified portfolio of assets that include both conventional and unconventional resources. Crescent Energy aims to optimize resource development and maximize long-term value through efficient operational practices and strategic investments. The company serves the energy sector by providing a reliable supply of hydrocarbons, contributing to both energy security and the broader energy market. The company is headquartered in Houston, Texas, and its shares are listed on the NYSE.
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