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Crescent Energy Co. - CRGY STOCK NEWS

Welcome to our dedicated news page for Crescent Energy Co. (Ticker: CRGY), a resource for investors and traders seeking the latest updates and insights on Crescent Energy Co..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Crescent Energy Co.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Crescent Energy Co.'s position in the market.

Rhea-AI Summary
Crescent Energy Finance , a subsidiary of Crescent Energy Company (NYSE: CRGY), completed a tender offer to purchase outstanding 7.250% Senior Notes due 2026. The offer expired on March 25, 2024, with 63.18% of the principal amount tendered. CE Finance plans to accept all valid tenders and make payments accordingly. They will use proceeds from issuing 7.625% Senior Notes due 2032 to fund the purchase. The Tender Offer is subject to the completion of the Notes Offering, with any remaining Notes to be redeemed on May 1, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.22%
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none
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Rhea-AI Summary
Crescent Energy Company (CRGY) prices $700 million Senior Notes due 2032 at 7.625% interest rate. The offering aims to fund the redemption of existing 2026 Notes. The Notes are guaranteed by the Issuer's subsidiaries and are expected to close on March 26, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.7%
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none
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Rhea-AI Summary
Crescent Energy Finance , a subsidiary of Crescent Energy Company, has initiated a cash tender offer to purchase all outstanding senior notes listed in the Offer to Purchase. The offer includes the purchase of 7.250% Senior Notes due 2026 with a principal amount of $700,000,000 at a price of $1,018.83 per $1,000 of Notes. Holders will also receive accrued and unpaid interest. The Tender Offer expires on March 25, 2024, with settlement expected on March 26, 2024, and any remaining Notes will be redeemed on May 1, 2024, subject to conditions. CE Finance plans to use the proceeds from a Notes Offering to fund the purchase and redemption. BofA Securities is the exclusive Dealer Manager for the Tender Offer.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.97%
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none
Rhea-AI Summary
Crescent Energy Company (CRGY) announces a private placement offering of $700 million Senior Notes due 2032 to fund the repurchase of existing 2026 Senior Notes, subject to market conditions. The offering is aimed at qualified institutional buyers and non-US persons.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.97%
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none
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Rhea-AI Summary
Crescent Energy Company (CRGY) announces the pricing of an underwritten public offering of 12,000,000 shares of its Class A common stock at $10.50 per share. The offering is made by the Selling Stockholder, with an option for underwriters to purchase additional shares. The Company will not sell any shares in the offering. The offering is expected to close on March 11, 2024, subject to customary closing conditions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.67%
Tags
buyback offering
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Rhea-AI Summary
Crescent Energy Company (CRGY) announces a public offering of 12,000,000 shares of its Class A common stock. The offering is made by the Selling Stockholder, Independence Energy Aggregator L.P. The Company will not sell any shares in the offering. Wells Fargo Securities, Evercore Group, and Raymond James & Associates are the joint book-running managers. The offering is subject to market conditions. The Company plans to purchase OpCo Units from the Selling Stockholder concurrently with the offering. The offering is not conditioned upon the OpCo Unit Purchase.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.67%
Tags
buyback offering
Rhea-AI Summary
Crescent Energy Company (CRGY) reveals fourth quarter and full year 2023 financial results and 2024 outlook.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.28%
Tags
earnings
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Rhea-AI Summary
Crescent Energy Company (CRGY) is hosting a conference call to discuss its Q4 and full year 2023 financial results and outlook for 2024 on March 5, 2024. Results will be released on March 4, 2024, with a webcast available on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.56%
Tags
earnings
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Rhea-AI Summary
Crescent Energy Company (NYSE: CRGY) has received the Oil & Gas Methane Partnership’s Gold Standard pathway rating for a second consecutive year. This prestigious rating signifies a credible multi-year plan to measure methane emissions accurately. Crescent is one of only four U.S. based upstream companies to receive this rating. CEO David Rockecharlie emphasized the company's commitment to transparent reporting and accurate measurement of emissions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.84%
Tags
partnership
Rhea-AI Summary
Crescent Energy Company (NYSE: CRGY) intends to offer $150 million aggregate principal amount of 9.250% Senior Notes due 2028. The Notes will mature on February 15, 2028, and pay interest at the rate of 9.250% per year. The net proceeds from this offering will be used to repay a portion of the amounts outstanding under its revolving credit facility. The Notes and the related guarantees have not been registered under the Securities Act, and may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.17%
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none
Crescent Energy Co.

NYSE:CRGY

CRGY Rankings

CRGY Stock Data

2.11B
87.00M
11.01%
69.48%
9.15%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
US
Houston

About CRGY

crescent energy is a diversified, well capitalized, u.s. independent energy company with a portfolio of assets in key proven basins across the lower 48 states. our core leadership team is a group of experienced investment, financial and industry professionals who continue to execute on the strategy we have employed since 2011. our mission is to invest in energy assets and deliver better returns, operations and stewardship. we seek to deliver attractive risk-adjusted investment returns and predictable cash flows across cycles with a focus on operated oil and gas assets and complemented by non‐operated assets, mineral and royalty interests and midstream infrastructure. our approach includes: o employing a differentiated business model combining the best of an investor mindset and deep operational expertise o investing capital with discipline and a focus on cash flow o acquiring and developing a portfolio of low‐risk energy assets o engaging key environmental, social and governance (esg)