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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.

News
Crescent Energy Announces Offering of $150 Million Private Placement of Additional 9.250% Senior Notes Due 2028
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%
Tags
none
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News
Crescent Energy Reports Record Third Quarter 2023 Results
Rhea-AI Summary
Crescent Energy Company (NYSE: CRGY) reported a net loss of $131 million and $59 million of Adjusted Net Income in the third quarter of 2023. The company generated $290 million of Adjusted EBITDAX, $189 million of Operating Cash Flow, and $160 million of Levered Free Cash Flow. Crescent achieved record production of 157 Mboe/d, a 13% increase over the previous quarter. They completed the integration of Western Eagle Ford ahead of schedule and raised $600 million in the capital markets. The company also published its 2022 Sustainability Report and declared a quarterly cash dividend of $0.12 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.51%
Tags
earnings
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News
Crescent Energy Schedules Third Quarter 2023 Earnings Release and Conference Call
Rhea-AI Summary
Crescent Energy Company (NYSE: CRGY) will host a conference call and webcast on November 7, 2023, to discuss its Q3 financial and operating results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.07%
Tags
earnings
News
Crescent Energy Announces Pricing of Upsized $150 Million Private Placement of Additional 9.250% Senior Notes Due 2028
Rhea-AI Summary
Crescent Energy Company prices private placement of $150 million Senior Notes due 2028, increasing offering size from $125 million. Proceeds to fund oil and gas property acquisition and repay credit facility.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.5%
Tags
none
-
News
Crescent Energy Announces Offering of $125 Million Private Placement of Additional 9.250% Senior Notes Due 2028
Rhea-AI Summary
Crescent Energy Company (NYSE: CRGY) plans to offer $125 million aggregate principal amount of 9.250% Senior Notes due 2028 in a private placement. The proceeds will fund the acquisition of oil and gas properties in Texas. The offering is not contingent upon the completion of the acquisition.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.41%
Tags
none
-
News
Crescent Energy Company Announces Pricing of Upsized Public Offering of Class A Common Stock
Rhea-AI Summary
Crescent Energy Company announces pricing of upsized public offering of 11,000,000 shares of Class A common stock at $12.25 per share
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.41%
Tags
offering
News
Crescent Energy Company Announces Public Offering of Class A Common Stock
Rhea-AI Summary
Crescent Energy Company announces underwritten public offering of 10,000,000 shares of its Class A common stock to fund oil and gas property acquisition in Texas.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.41%
Tags
offering
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News
Crescent Energy to Acquire Additional Interests in its Operated Western Eagle Ford Position
Rhea-AI Summary
Crescent Energy Company announces acquisition of working interest in Western Eagle Ford assets for $250 million in cash. Transaction expected to be immediately accretive to key financial metrics. Crescent will operate approximately 90% of its Eagle Ford position. Acquisition increases current production by 12 Mboe/d and capital investments by $5 million. Transaction to close in September 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.41%
Tags
acquisition
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News
Crescent Energy Reports Second Quarter 2023 Financial and Operating Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.1%
Tags
earnings
News
Crescent Energy Schedules Second Quarter 2023 Earnings Release and Conference Call
Rhea-AI Summary
Crescent Energy Company (NYSE: CRGY) will host a conference call and webcast on August 10, 2023, to discuss its second quarter 2023 financial and operating results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.9%
Tags
earnings
Stock CRGY logo
Crescent Energy Co.

NYSE:CRGY

CRGY Rankings

#2330 Ranked by Market Cap
#2689 Ranked by Stock Gains
#746 Ranked by Dividends

CRGY Stock Data

2.07B
87.23M
11.16%
71.61%
8.81%
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)