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Crescent Energy Company Class A
(NYSE:CRGY)
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Rating:61Neutral
Price Target:
$14.50
▲(7.81% Upside)
Action:Reiterated
Date:10/17/26
The score is driven primarily by improving financial momentum from stronger operating cash flow and newly solid TTM free cash flow, reinforced by a bullish earnings call that raised guidance and highlighted record levered free cash flow and synergy capture. These positives are tempered by volatile/low net profitability, moderate-to-elevated leverage, and a stretched valuation (very high P/E). Technicals are mildly supportive but not strong enough to materially lift the overall score.
Positive Factors
Strong Cash Generation
The sharp improvement in operating and free cash flow indicates stronger cash conversion and better funding capacity than in recent periods. Sustained internally generated cash can support development spending, dividends, debt reduction, and strategic investment without relying exclusively on external financing.
Negative Factors
Volatile Profitability
Very thin current net margins and prior loss years show that Crescent’s earnings conversion remains inconsistent despite stronger recent revenue and cash flow. Uneven profitability can reduce retained capital, make results more sensitive to operating changes, and constrain financial flexibility during weaker periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Cash Generation
The sharp improvement in operating and free cash flow indicates stronger cash conversion and better funding capacity than in recent periods. Sustained internally generated cash can support development spending, dividends, debt reduction, and strategic investment without relying exclusively on external financing.
Read all positive factors
Crescent Energy Company Class A Key Performance Indicators (KPIs)
Any
Revenue by Segment
Breakdown of revenue across the company’s business lines (for example oil, gas, NGLs, and any midstream or marketing revenue). Segment-level revenue reveals where income is concentrated, how diversified the business is, and which parts drive profits or risk—high concentration increases sensitivity to specific commodity prices or operational issues.
Breakdown of revenue across the company’s business lines (for example oil, gas, NGLs, and any midstream or marketing revenue). Segment-level revenue reveals where income is concentrated, how diversified the business is, and which parts drive profits or risk—high concentration increases sensitivity to specific commodity prices or operational issues.
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The Fly
The FlyCrescent Energy Company Class A (CRGY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$5.83B
Dividend Yield3.38%
Average Volume (3M)9.88M
Price to Earnings (P/E)97.1
Beta (1Y)0.65
Revenue Growth24.25%
EPS GrowthN/A
CountryUS
Employees1,066
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)0.15
Shares Outstanding410,456,700
10 Day Avg. Volume9,036,100
30 Day Avg. Volume9,877,897
Financial Highlights & Ratios
PEG Ratio-0.10
Price to Book (P/B)0.39
Price to Sales (P/S)0.57
P/FCF Ratio-22.63
Enterprise Value/Market Cap1.49
Enterprise Value/Revenue2.01
Enterprise Value/Gross Profit2.67
Enterprise Value/Ebitda6.01
Forecast
1Y Price Target
$17.79Price Target Upside32.24% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering15
EPS Forecast (FY)2.41
Revenue Forecast (FY)$4.92B
Crescent Energy Company Class A Business Overview & Revenue Model
Company Description
Crescent Energy Company operates as an energy enterprise, primarily focused on the exploration, development, and extraction of crude oil, natural gas, and natural gas liquids (NGLs). Its operational footprint extends across a diverse array of oil ...
Crescent Energy Company Class A Earnings Call Summary
Earnings Call Date:Aug 03, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 02, 2026
Earnings Call Sentiment Positive
The call was strongly positive on operational execution, cost reductions, and cash generation: record quarterly levered free cash flow, raised production guidance, substantial Permian synergy capture and improved operating expense guidance. Lowlights are mostly timing and execution risks (H2 2026 volumes, ongoing Permian optimization, and commodity-price sensitivity) and a modest expected decline in 2027 as Permian capital is reset. Overall, the positive operational and financial momentum outweigh the near-term risks.Positive Updates
Record Free Cash Flow and Strong Cash Generation
Generated a record $418 million of levered free cash flow in the quarter and ~$798 million of adjusted EBITDAX; management expects more than $1 billion of levered free cash flow in 2026 at current prices.
Negative Updates
Second-Half 2026 Volume Timing Risk
Management expects a natural decline in volumes in the back half of 2026 due to timing of completions and a transition from 2-mile to 3-mile laterals in the Permian; Q3 oil volumes guided to the mid-130,000 bbl/d range. Year-to-date the company has drilled ~17% more gross wells than have been placed on production, indicating timing/pace mismatch.
Read all updates
Q2-2026 Updates
Positive
Negative
Record Free Cash Flow and Strong Cash Generation
Generated a record $418 million of levered free cash flow in the quarter and ~$798 million of adjusted EBITDAX; management expects more than $1 billion of levered free cash flow in 2026 at current prices.
Read all positive updates
Company Guidance
Crescent raised and tightened 2026 guidance, increasing full‑year total production to 327,000–335,000 boe/d and improving adjusted operating expense by $0.50 to $11–$12/boe while keeping development capital unchanged at $1.325–$1.425 billion; at current prices management expects more than $1 billion of levered free cash flow in 2026. Quarter-to-date metrics underpinning the update included Q2 production of ~335,000 boe/d (≈140,000 bbls oil/d), ~2% above the original guidance midpoint (oil ~4% above), adjusted EBITDAX of ~$798 million and a record $418 million of levered FCF, with adjusted opex nearly 10% better than midpoint. Management also disclosed capture of roughly $190 million of annualized Permian synergies to date (raising the target to $250–$300 million, with the bulk expected by year‑end 2026 and additional upside into 2027), minerals production of ~13,000 boe/d (≈$200 million EBITDA at current prices), $2.2 billion of liquidity, no near‑term maturities and a ~6‑year weighted average debt maturity, a $0.12/share quarterly dividend, and the July 31 redemption of $259 million of 2029 notes.Crescent Energy Company Class A Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
52
Neutral
Cash Flow
64
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.31B | 3.58B | 2.93B | 2.38B | 3.06B | 1.48B |
| Gross Profit | 3.24B | 808.45M | 2.40B | 1.30B | 2.62B | 1.23B |
| EBITDA | 1.44B | 1.67B | 996.99M | 1.17B | 1.15B | -69.01M |
| Net Income | 54.75M | 132.91M | -114.61M | 67.61M | 96.67M | -19.38M |
Balance Sheet | ||||||
| Total Assets | 12.01B | 12.44B | 9.16B | 6.80B | 6.02B | 5.16B |
| Cash, Cash Equivalents and Short-Term Investments | 264.88M | 10.16M | 132.82M | 2.97M | 0.00 | 128.58M |
| Total Debt | 5.28B | 5.71B | 3.13B | 1.76B | 1.32B | 1.09B |
| Total Liabilities | 6.85B | 7.28B | 4.79B | 3.17B | 2.72B | 2.14B |
| Stockholders Equity | 5.16B | 5.16B | 3.13B | 1.70B | 848.11M | 682.21M |
Cash Flow | ||||||
| Free Cash Flow | 899.23M | -89.75M | -21.20M | -494.83M | -206.96M | -37.54M |
| Operating Cash Flow | 1.96B | 1.68B | 1.22B | 935.77M | 1.01B | 233.15M |
| Investing Cash Flow | -657.23M | -922.69M | -1.20B | -1.40B | -1.12B | -244.59M |
| Financing Cash Flow | -1.03B | -245.07M | 207.39M | 456.46M | -7.84M | 105.14M |
Crescent Energy Company Class A Technical Analysis
Positive
13.45
Price Trends
13.63
Positive
12.23
Positive
11.86
Positive
Market Momentum
0.16
Negative
60.81
Neutral
82.51
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CRGY, the sentiment is Positive. The current price of 13.45 is above the 20-day moving average (MA) of 13.42, below the 50-day MA of 13.63, and above the 200-day MA of 11.86, indicating a bullish trend. The MACD of 0.16 indicates Negative momentum. The RSI at 60.81 is Neutral, neither overbought nor oversold. The STOCH value of 82.51 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CRGY.
Crescent Energy Company Class A Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $7.53B | 10.44 | 12.76% | 2.46% | 1.84% | -14.76% | |
77 Outperform | $7.10B | 11.52 | 21.10% | 2.49% | 11.35% | 18.91% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
65 Neutral | $4.93B | -41.70 | -3.60% | 2.92% | 2.33% | -117.79% | |
62 Neutral | $3.02B | -5.56 | -23.85% | 6.35% | -3.02% | -183.44% | |
61 Neutral | $5.83B | 97.06 | 1.12% | 3.38% | 24.25% | ― | |
60 Neutral | $1.29B | -12.90 | -5.69% | 1.57% | -12.57% | -188.23% |
* Energy Sector Average
CRGY
Crescent Energy Company Class A
14.20
6.01
73.47%
MTDR
Matador Resources
60.88
22.84
60.05%
NOG
Northern Oil And Gas
28.35
7.97
39.11%
MGY
Magnolia Oil & Gas
26.50
4.54
20.67%
HPK
HighPeak Energy
10.19
3.94
62.99%
CRC
California Resources Corp
55.46
9.66
21.10%
Crescent Energy Company Class A Corporate Events
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Crescent Energy expands credit capacity for Eagle Ford deal
Positive
Oct 15, 2026
On October 14, 2026, Crescent Energy Finance LLC entered into a Sixteenth Amendment to its long-standing credit agreement, keeping aggregate elected commitments at $2.0 billion while updating terms to accommodate Crescent Energy Company’s gr...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Crescent Energy Class A Public Equity Offering Announced
Positive
Oct 9, 2026
On October 8, 2026, Crescent Energy Company launched and priced an underwritten public offering of 80,000,000 Class A shares at $12.50 each, with underwriters granted a 30-day option for 12,000,000 additional shares that was fully exercised on Oct...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Crescent Energy to Acquire Devon’s Eagle Ford Assets
Positive
Oct 8, 2026
On October 8, 2026, Crescent Energy agreed to acquire Devon Energy’s Eagle Ford assets, including roughly 89,000 largely operated net acres and about 68 Mboe/d of oil-weighted production, for an all-cash consideration of about $4.22 billion,...
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Crescent Energy boosts guidance and strengthens balance sheet
Positive
Aug 3, 2026
In the second quarter of 2026, Crescent Energy delivered record operating cash flow of $707 million and levered free cash flow of $418 million, supported by average production of 335 MBoe/d, robust oil volumes and operating costs roughly 9% below ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.