Crescent Energy Company Stock Price, News & Analysis

Crescent Energy Company (NYSE: CRGY) closed its all-stock acquisition of Vital Energy on December 15, 2025, creating a larger liquids-weighted independent focused on free cash flow and disciplined capital allocation.

The company said the deal positions Crescent as a top-ten liquids-weighted independent, will provide pro forma 2026 guidance with Q4 and full-year 2025 results, and aims to capture integration synergies while integrating assets and personnel.

Governance changes include two former Vital directors joining Crescent’s 12-member board, which now has ten independent directors.

Crescent Energy (NYSE: CRGY) reported early results of its exchange offers and consent solicitations for Vital Energy’s 7.75% notes due 2029 and 9.750% notes due 2030.

As of the early tender date (Dec 12, 2025) $280.962M of the 2029 notes (94.21% of $298.214M outstanding) and $230.573M of the 2030 notes (76.26% of $302.364M outstanding) were validly tendered. The consent threshold was met for both series, triggering a $2.50 consent fee per $1,000 of notes on the Settlement Date, currently expected to be Jan 2, 2026. Early tender consideration is $1,000 of new Crescent notes per $1,000 tendered (post-early tenders receive $970). New Crescent notes are being offered only to eligible holders under Rule 144A or Regulation S.

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.