The company states: “Crescent re-affirmed its full-year 2023 outlook for production at 146-151 Mboe/d and capital expenditures at $580M-$630M, which was previously updated in September 2023, despite incremental activity being pulled forward into 2023. Guidance reflects improved capital efficiencies through higher expected production and lower planned capital investments relative to initial guidance.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on CRGY:
- CRGY Upcoming Earnings Report: What to Expect?
- Permian, Magnolia could be acquisition targets in energy space, Truist says
- Crescent Energy price target raised to $13 from $12 at BofA
- Crescent Energy initiated with an Overweight at Stephens
- Crescent Energy price target raised to $19 from $18 at Mizuho