Reports Q3 revenue $642.4M, consensus $592.26M. Crescent CEO David Rockecharlie said, “Our third quarter performance was exceptional – record production, record cash flow. We are demonstrating operational efficiencies that will make us stronger and more profitable in 2024 and beyond. Additionally, we have proven our ability to grow accretively. We have captured high-value transactions and financed them in a fashion that maintains a strong balance sheet. We are increasing value and scale, doubling our business in less than three years, and we are well-equipped to continue to do so.”
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