Welcome to our dedicated page for Crescent Energy Company news (Ticker: CRGY), a resource for investors and traders seeking the latest updates and insights on Crescent Energy Company stock.
Crescent Energy Company (NYSE: CRGY) is a U.S. crude oil and natural gas producer that regularly issues news about its operations, transactions and financial performance. As an exploration and production company with a long-life, balanced portfolio, Crescent uses press releases to explain how acquisitions, divestitures and financing decisions affect its business.
News for CRGY often covers quarterly and annual earnings, including the release of financial and operating results and the scheduling of conference calls and webcasts. The company provides earnings releases and supplemental presentations and announces the timing of calls where management discusses recent performance and outlook.
Crescent’s news flow also reflects its growth-through-acquisition strategy. The company has announced the acquisition of Vital Energy, Inc., the Ridgemar Acquisition and the SilverBow Acquisition, along with related pro forma financial information. Updates on the completion of the Vital merger, internal reorganizations and the assumption or exchange of senior notes provide insight into how Crescent is integrating acquired businesses and reshaping its capital structure.
Another recurring topic is portfolio management and non-core divestitures. Crescent has reported multiple asset sales, including non-operated DJ Basin assets and conventional Rockies and Barnett divestitures, and has described how proceeds are applied to reduce borrowings under its revolving credit facility.
Investors following CRGY news can also see announcements about credit facility amendments, borrowing base redeterminations, hedge settlement updates and exchange offers for senior notes. Together, these items offer a view into Crescent’s operational footprint in basins such as the Eagle Ford, Permian and Uinta, its balance sheet management and its approach to shareholder value. Bookmark this page to monitor the latest official company announcements and regulatory-related news items for Crescent Energy.
Crescent Energy (NYSE: CRGY) has scheduled a conference call and webcast to discuss its first quarter 2022 financial results on May 11, 2022, at 10 a.m. CT. The earnings report will be released after market close on May 10, 2022. Investors can access the earnings release and presentation on the company's website. Crescent Energy is an independent energy company with significant assets across the U.S., focused on delivering strong returns through strategic investments and operational excellence.
Crescent Energy Company (NYSE: CRGY) has successfully closed its acquisition of Uinta Basin assets for approximately
Crescent Energy Company (NYSE: CRGY) has declared its fourth-quarter cash dividend of $0.12 per share, payable on March 31, 2022. For 2021, the company reported total revenues of $1,968 million and a net loss of $435 million. Following the Contango Merger, Crescent aims to acquire high-margin oil assets in the Uinta Basin for $815 million, enhancing its production and cash flow. The 2022 guidance anticipates adjusted EBITDAX of $1.1-$1.2 billion and a quarterly dividend increase to $0.17 post-acquisition.
Crescent Energy (CRGY) has announced a conference call and webcast scheduled for March 10, 2022, at 10 a.m. CT to discuss its full-year 2021 financial and operating results. The earnings release will be available on their website after market close on March 9, 2022. Investors can access the conference call by dialing 877-407-0989 (domestic) or 201-389-0921 (international). A replay of the webcast will also be accessible on their website following the event.
Crescent Energy (NYSE: CRGY) has announced an agreement to acquire Uinta Basin assets from Verdun Oil Company II LLC for
Crescent Energy Company (NYSE: CRGY) has joined the Oil & Gas Methane Partnership (OGMP) 2.0 Initiative to improve its methane emissions reporting. This initiative, backed by the UN Environment Programme, sets a standard for measuring and reducing methane emissions in the industry. CEO David Rockecharlie emphasized the importance of accurate data for managing emissions. The company recently formed an ESG Advisory Council and released its inaugural ESG report, reinforcing its commitment to environmental, social, and governance (ESG) standards.
Crescent Energy Company (NYSE: CRGY) announced a private placement of $200 million in 7.250% Senior Notes due 2026, increasing from a previously announced $150 million. The offering is set to close on February 10, 2022, and proceeds will be used to repay part of its revolving credit facility. The Notes will pay interest bi-annually, starting May 1, 2022, and are offered to eligible institutional buyers under Rule 144A and Regulation S of the Securities Act. The Notes will be treated as a single class with existing notes issued in May 2021.
Crescent Energy Company (NYSE: CRGY) announced a private placement of $150 million in 7.250% Senior Notes due 2026. The offering, conducted by its subsidiary Crescent Energy Finance LLC, aims to refinance a portion of its revolving credit facility. These new notes will have similar terms to existing 7.250% Senior Notes issued in May 2021. The notes are not registered under the Securities Act and will be sold to qualified institutional buyers. Notably, the company continues to navigate uncertain market conditions, impacting its financial strategies.
Crescent Energy Company (NYSE: CRGY) reported year-end 2021 proved reserves of 532 million barrels of oil equivalent (MMBoe), valued at approximately $5.2 billion SEC PV-10. For 2022, the company anticipates $800-$850 million in Adjusted EBITDAX and $325-$375 million in levered free cash flow based on a $75 per barrel oil price. Organic capital investment is expected to range from $375-$425 million, predominantly in the Eagle Ford region. The company plans to return an estimated $80-$85 million to shareholders through dividends, implying a quarterly payout of $0.12 per share.
Summary not available.
FAQ
What is the current stock price of Crescent Energy Company (CRGY)?
What is the market cap of Crescent Energy Company (CRGY)?
