Crescent Energy (NYSE: CRGY) estimates $81M hedge cash inflow for 2025

Rhea-AI Filing Summary

Crescent Energy Company reports preliminary estimates of cash received from its hedge positions for the three and nine months ended September 30, 2025. The company expects total cash received from hedge settlements of about $37 million for the quarter and $81 million for the nine-month period. This includes net cash received on settlement of derivatives of $22 million for the quarter and $31 million year-to-date, plus settlement of acquired derivative contracts of $15 million and $50 million, respectively. The acquired contracts are tied to the SilverBow Merger and are expected to be shown as positive adjustments in the Statements of Cash Flows and additions to Adjusted EBITDAX. All amounts are preliminary, forward-looking and may change when Crescent files its Form 10-Q for this period.

8-K Event Classification

Item 2.02 — Results of Operations and Financial Condition

1 item

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Understanding 8-K Material Events →

0001866175FALSE00018661752025-10-072025-10-07

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): October 7, 2025

Crescent Energy Company
(Exact Name of Registrant as Specified in its Charter)
Delaware			001-41132			87-1133610
(State or Other Jurisdiction of Incorporation)			(Commission File Number)			(I.R.S. Employer Identification No.)
600 Travis Street, Suite 7200 Houston, Texas						77002
(Address of Principal Executive Offices)						(Zip Code)
(713) 332-7001
Registrant’s Telephone Number, Including Area Code

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐			Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Class A Common Stock, par value $0.0001 per share			CRGY			The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition.

Hedge Settlements

For the three and nine months ended September 30, 2025, Crescent Energy Company (the “Company” or “Crescent”) expects to report approximately $37 million and $81 million, respectively, of total cash received from its hedge positions, composed of the following:

			Three Months Ended September 30, 2025						Nine Months Ended September 30, 2025
			(in millions)
Net cash (paid) received on settlement of derivatives			$	22					$	31
Settlement of acquired derivative contracts(1)			15						50
Total cash (paid) received(2)			$	37					$	81

The dollar amounts included in this Current Report on Form 8-K are preliminary and subject to change. Such amounts as disclosed herein constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). These statements are based on current expectations but remain subject to a number of assumptions, risks and uncertainties. Consequently, actual final results could differ materially from current expectations. Final dollar amounts for the three and nine months ended September 30, 2025 will be reported in Crescent’s Quarterly Report on Form 10-Q for the period ended September 30, 2025.

The information in this Item 2.02 shall not be deemed to be “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, and is not incorporated by reference into any filing under the Securities Act of 1933 or the Exchange Act.

(1)     Represents the settlement of certain oil, gas, and natural gas liquids derivative contracts acquired in connection with the SilverBow Merger. The Company expects to report these settlements as positive adjustments on the Statements of Cash Flows and as additions to Adjusted EBITDAX.

(2)     Represents total cash (paid) received from hedge settlements and is reflected in Adjusted EBITDAX.

2

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: October 7, 2025

CRESCENT ENERGY COMPANY

By:    /s/ Brandi Kendall    

Name:    Brandi Kendall

Title:    Chief Financial Officer

3

FAQ

What hedge settlement cash flows did Crescent Energy (CRGY) estimate for Q3 2025?

Crescent Energy expects to report about $37 million of total cash received from hedge settlements for the three months ended September 30, 2025.

What are Crescent Energy’s estimated hedge settlements for the nine months ended September 30, 2025?

For the nine months ended September 30, 2025, Crescent Energy expects total cash received from hedge settlements of approximately $81 million.

How much net cash did Crescent Energy (CRGY) estimate from derivative settlements in Q3 2025?

The company expects $22 million of net cash received on settlement of derivatives for the three months ended September 30, 2025.

What portion of Crescent Energy’s hedge settlements comes from acquired derivative contracts?

Crescent Energy estimates settlement of acquired derivative contracts of $15 million for Q3 2025 and $50 million for the nine months ended September 30, 2025.

How will Crescent Energy reflect hedge settlements in Adjusted EBITDAX?

The company expects both the settlement of acquired derivative contracts and the total cash received from hedge settlements to be reflected as additions to Adjusted EBITDAX.

Are Crescent Energy’s Q3 2025 hedge settlement figures final?

No. The dollar amounts are preliminary, constitute forward-looking statements, and may change when Crescent reports final results in its Form 10-Q.