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 leading independent energy company managing a diversified portfolio of oil and gas assets across key U.S. basins. This page serves as a comprehensive resource for all CRGY-related news, offering investors and industry professionals timely updates on company developments.
Access the latest press releases, earnings reports, and strategic announcements in one centralized location. Our curated collection ensures you stay informed about CRGY's operational milestones, partnership agreements, and financial performance while maintaining a clear view of their disciplined investment approach.
Key updates include quarterly results analysis, asset acquisition details, leadership changes, and operational efficiency initiatives. The content reflects CRGY's focus on cash flow generation, portfolio diversification, and risk management across market cycles.
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Crescent Energy Company (NYSE: CRGY) announced strong financial results for 2022, reporting $481 million in net income and $582 million in Adjusted Net Income. The company generated $1.2 billion in Adjusted EBITDAX and declared a quarterly dividend of $0.17 per share. Fourth quarter production averaged 139 MBoe/d, with operating cash flow of $215 million. Crescent reduced net debt by $300 million and maintained a low leverage ratio of 1.0x. The company plans capital investments between $575 million and $650 million in 2023, focusing on generating significant free cash flow while returning capital to shareholders.
Crescent Energy Company (NYSE: CRGY) announced a conference call scheduled for March 8, 2023, at 10 a.m. CT, to discuss its fourth quarter and full year 2022 financial results, along with its outlook for 2023. The financial results will be released after market close on March 7, 2023. Interested parties can access the call via a dial-in or webcast on the company’s website. Crescent Energy, an independent energy firm, operates in the lower 48 states and is focused on generating substantial cash flow from its production assets. More details are available at ir.crescentenergyco.com.
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