Crescent Energy Company Stock Price, News & Analysis

Crescent Energy (NYSE: CRGY) announced early results of its cash tender offer to purchase up to $500 million of its 9.250% Senior Notes due 2028. As of the Early Tender Date (July 7, 2025), $306.125 million in aggregate principal amount of Notes were validly tendered.

Holders who tendered by the Early Tender Date will receive the Total Consideration of $1,043.75 per $1,000 principal amount, which includes a $50 Early Tender Premium. The tender offer expires on July 22, 2025, with an Early Settlement Date expected on July 9, 2025.

Crescent Energy (NYSE:CRGY) has announced the pricing of an upsized $600 million private placement of senior notes, increased from the initially planned $500 million. The 8.375% Senior Notes, due January 15, 2034, will be issued at par with semi-annual interest payments.

The company plans to use the proceeds, along with additional borrowings and cash on hand if needed, to fund a tender offer for its outstanding 9.250% Senior Notes due 2028 and to repay revolving credit facility debt. The offering, expected to close on July 8, 2025, will be available only to qualified institutional buyers and non-U.S. persons.

Crescent Energy Finance LLC, a subsidiary of Crescent Energy Company (NYSE: CRGY), has launched a cash tender offer to purchase up to $500 million of its 9.250% Senior Notes due 2028. The company is offering $1,043.75 per $1,000 principal amount for notes tendered by July 7, 2025 (Early Tender Date), which includes a $50 Early Tender Premium. Notes tendered after the Early Tender Date will receive $993.75 per $1,000. The tender offer expires on July 22, 2025, and is conditional upon completing a new notes offering. If the tender offer is fully subscribed by the Early Tender Date, later submissions won't be accepted. The company may increase the Maximum Tender Amount but is not obligated to do so.

Crescent Energy (NYSE: CRGY) has announced a private placement offering of $500 million in Senior Notes due 2034 through its subsidiary Crescent Energy Finance LLC. The notes will be guaranteed on a senior unsecured basis by subsidiaries that guarantee existing notes and revolving credit facility. The proceeds will primarily fund a tender offer to purchase up to $500 million of outstanding 9.250% Senior Notes due 2028, with any remaining funds used to repay revolving credit facility debt or for general corporate purposes. The offering is restricted to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S. The notes have not been registered under the Securities Act and are subject to certain sale and offering restrictions.

Crescent Energy (NYSE: CRGY) has appointed Joey Hall as Chief Operating Officer, effective June 2, 2025. Hall, who previously served as Executive Vice President of Operations at Pioneer Natural Resources Company, brings extensive experience in development and operational strategy, particularly in the Eagle Ford and Permian Basin regions. A Texas Tech University graduate and Registered Professional Engineer, Hall will focus on scaling operational capabilities and driving sustainable growth at Crescent.

CEO David Rockecharlie emphasized Hall's proven leadership and operational success record, noting that this appointment strengthens Crescent's investing and operating expertise. The company, which focuses on activities in Texas and the Rocky Mountain region, maintains a portfolio combining stable cash flows from low-decline production with high-quality development inventory.

Crescent Energy (NYSE: CRGY) has announced its financial and operating results for the first quarter of 2025. The company has scheduled a conference call to discuss these results on Tuesday, May 6, 2025, at 10 a.m. CT (11 a.m. ET). Detailed financial information and supplemental earnings presentation are available on the company's website at www.crescentenergyco.com.

Crescent Energy (NYSE: CRGY) has completed the sale of its non-operated Permian Basin assets in Reeves County, Texas to a private buyer for $83 million in cash. The sold assets were projected to produce approximately 3 Mboe/d (~35% oil) in full-year 2025.

The proceeds will be used to reduce outstanding borrowings on the Company's revolving credit facility. This transaction, effective December 31, 2024, is part of Crescent's $250 million pipeline of non-core asset divestitures announced during year-end earnings. The company plans to update its 2025 outlook to reflect this divestiture alongside its first quarter 2025 financial results.

Crescent Energy (NYSE: CRGY) has announced its upcoming first quarter 2025 earnings release schedule. The company will release its Q1 2025 financial and operating results after market close on Monday, May 5, 2025. A conference call and webcast to discuss the results will be held the following day, Tuesday, May 6, 2025, at 10:00 a.m. CT (11:00 a.m. ET).

Investors can access the conference call through domestic (877-407-0989) or international (201-389-0921) dial-in numbers. The webcast will be available on the company's website at www.crescentenergyco.com, where supplemental slides will also be posted. A replay of the webcast will be accessible on the website after the call.

Crescent Energy (NYSE: CRGY) has announced a significant corporate restructuring by eliminating its umbrella partnership-C (Up-C) structure through the conversion of all remaining Class B common stock into Class A common stock, effective April 4, 2025.

The Corporate Simplification will result in all stockholders holding Class A common stock with identical economic and voting interests. KKR maintains its 10% ownership and has agreed to a 180-day share lock-up period.

The company expects this simplification to:

• Reduce organizational complexity
• Improve financial presentation clarity
• Eliminate certain compliance and reporting costs
• Enhance accessibility for future investors

The restructuring aligns with Crescent's strategic goal of 'simplifying to grow' and positions the company to capitalize on opportunities with its strong balance sheet and well-hedged free cash flow generation.