Earnings ·
Crescent Energy Company reported financial and operating results for the quarter ended June 30, 2026
CRGYCrescent Energy Co
Crescent Energy Company reported financial and operating results for the quarter ended June 30, 2026. The company generated record Operating Cash Flow of $707 million and record Levered Free Cash Flow of $418 million. Production averaged 335 MBoe/d, including 140 MBo/d of oil. Net income was $494 million. Crescent enhanced its full-year 2026 guidance, increasing total production expectations to a midpoint of 331 MBoe/d and lowering adjusted operating expense guidance to $11.50/Boe. The company also increased its Permian synergy target to approximately $250 million–$300 million. Crescent declared a fixed quarterly dividend of $0.12 per share, payable on August 31, 2026, to shareholders of record as of August 17, 2026. Additionally, the company redeemed the remaining $259 million of senior notes due 2029 in July 2026. Crescent Energy Company is an oil and natural gas exploration and production company operating primarily in the Eagle Ford, Permian, and Uinta Basins.