Crescent Energy Company Stock Price, News & Analysis

Crescent Energy (NYSE:LPI) reported that its stockholders overwhelmingly approved the issuance of Crescent Class A common stock in connection with its proposed merger with Vital Energy.

Based on a preliminary vote count, ~98% of votes cast were in favor, representing ~81% of outstanding Crescent shares voting. The Merger is expected to close on December 15, 2025. Crescent said the transaction is accretive and will file final vote results on a Form 8-K. Crescent previously filed an effective Form S-4 (File No. 333-290422) that includes the joint proxy statement and prospectus.

Crescent Energy (NYSE: CRGY) announced the sale of its non-operated DJ Basin assets for $90 million in cash, subject to customary post-closing adjustments.

The assets produce ~7 Mboe/d (approximately 20% oil). Including this transaction, Crescent has executed non-core divestiture agreements totaling more than $900 million year-to-date and has closed previously announced conventional Rockies and Barnett divestitures.

Proceeds will be used to reduce borrowings on the revolving credit facility, with the company expecting the remainder of announced non-core asset sales to close before year-end to further strengthen the balance sheet.

Crescent Energy (NYSE: CRGY) announced that wholly owned subsidiary CE Finance commenced exchange offers for Vital Energy 7.75% notes due 2029 and 9.750% notes due 2030, offering up to $298,214,000 and $302,364,000 principal, respectively, in new CE Finance notes with identical maturities and coupons.

CE Finance is simultaneously soliciting consents to amend the Vital indentures to eliminate most restrictive covenants and certain events of default; a $2.50 consent fee per $1,000 may be payable if conditions are met. Key deadlines: Early Tender Date Dec 12, 2025, Expiration Date Dec 30, 2025, expected Settlement Date Jan 2, 2026.

Crescent Energy (NYSE: CRGY) announced it released financial and operating results for third quarter 2025. The company said the earnings release and supplemental presentation are available at its investor website.

The company scheduled a third quarter 2025 conference call for Tuesday, November 4, 2025 at 10:00 a.m. CT (11:00 a.m. ET) to discuss results.

Crescent Energy (NYSE: CRGY) completed its fall borrowing base redetermination under its reserve-based revolving credit facility, with the bank syndicate reaffirming a $2.0 billion elected commitment and increasing the borrowing base by 50% from $2.6 billion to $3.9 billion (springing on close of the Vital Energy transaction).

The facility tenor was extended to five years (weighted average maturity of 6.4 years), the pricing grid tightened by 25 bps (to 175–275 bps), and Crescent disclosed ~$12 million of early synergy capture (~13% of the midpoint of a $90–$100 million synergy range) driven by interest, unused-commitment fees and lower admin costs.

Crescent Energy (NYSE: CRGY) will release its third quarter 2025 financial and operating results after market close on Monday, November 3, 2025.

The company will host a conference call and webcast to discuss results at 10:00 a.m. CT (11:00 a.m. ET) on Tuesday, November 4, 2025. Supplemental slides and the release will be posted on the company website and a webcast replay will be available after the call.

Crescent Energy (NYSE: CRGY) has announced the acquisition of Vital Energy (NYSE: VTLE) in an all-stock transaction valued at $3.1 billion, including Vital's net debt. Under the agreement, Vital shareholders will receive 1.9062 shares of Crescent Class A common stock for each Vital share, representing a 5% premium to the 30-day VWAP exchange ratio.

The merger will create a top 10 independent energy company with operations across the Eagle Ford, Permian, and Uinta Basins. The deal is expected to generate $90-100 million in annual synergies and includes a $1 billion non-core divestiture pipeline. Post-merger, current Crescent shareholders will own approximately 77% of the combined company, while Vital shareholders will hold 23%.

The transaction, unanimously approved by both boards, is expected to close by year-end 2025, subject to shareholder and regulatory approvals. John Goff will continue as Chairman and David Rockecharlie as CEO of the combined company, headquartered in Houston.

Crescent Energy (NYSE: CRGY) has announced its financial and operating results for the second quarter of 2025. The company has made its earnings release and supplemental earnings presentation available on their corporate website at www.crescentenergyco.com.

The company will host a conference call to discuss the Q2 2025 results on Tuesday, August 5, 2025, at 10:00 AM CT (11:00 AM ET).

Crescent Energy (NYSE: CRGY) announced the expiration of its tender offer for up to $500 million of its 9.250% Senior Notes due 2028. The tender offer, which expired on July 22, 2025, received valid tenders of $306.125 million, representing 30.6125% of the outstanding principal amount.

The company has already purchased all validly tendered notes on July 9, 2025. To reach the Maximum Tender Amount, Crescent plans to redeem an additional $193.875 million of notes on July 25, 2025, using proceeds from its recently completed 8.375% Senior Notes due 2034 issuance.