GOFF JOHN C reported acquisition or exercise transactions in this Form 4 filing.
Crescent Energy Co director John C. Goff reported an equity grant of 31,012 restricted stock units (RSUs) of Class A common stock. The RSUs were granted under the Crescent Energy Company 2021 Equity Incentive Plan at a stated price of $0.00 per unit.
Each RSU represents a contingent right to receive one share of Class A common stock and will vest on April 1, 2027, if Goff continues in service through that date. Following this award, he holds 714,357 shares of Class A common stock directly, and additional shares are held indirectly through various affiliated entities where he may be deemed to share beneficial ownership but disclaims ownership beyond his pecuniary interest.
Crescent Energy Co officer Bo Shi reported a tax-related share disposition. On April 1, 2026, 3,426 shares of Class A common stock were disposed of at $12.73 per share as a tax-withholding disposition to satisfy tax obligations. After this transaction, Shi directly holds 49,366 shares of Crescent Energy Co.
Crescent Energy Co: The Vanguard Group filed Amendment No. 5 to a Schedule 13G regarding Crescent Energy Co common stock, explaining an internal realignment on 01/12/2026 that led to disaggregated reporting by subsidiaries. The filing states 0 shares beneficially owned and 0% of the class as reported with an apparent reporting date of 03/13/2026. The amendment is signed by Ashley Grim, Head of Global Fund Administration, on 03/26/2026.
Crescent Energy Co insider Todd Falk reported two "other" transactions in Class A common stock. On the reported date, 11,725 shares were delivered to him at the direction of KKR Energy Assets Manager LLC under a performance-based Manager Award granted in 2021. A separate 3,400-share entry reflects stock that the Manager withheld to cover tax obligations tied to the earned shares. Following these compensation-related adjustments, Falk holds 18,725 shares of Crescent Energy Class A common stock directly.
Crescent Energy Co director and officer Brandi Kendall reported two non-market transactions in Class A common stock. On earned shares from a performance-based Manager Award originally granted to KKR Energy Assets Manager LLC, 43,935 shares were delivered to Kendall and 11,259 shares were withheld to cover tax obligations. Following these restructuring transactions, Kendall directly holds 56,023 shares of Crescent Energy Class A common stock.
Crescent Energy Co director and officer David C. Rockecharlie reported compensation-related stock movements rather than open-market trades. On 2026-03-16, 140,700 shares of Class A common stock were delivered to him at the direction of KKR Energy Assets Manager LLC as part of earned shares under a performance-based Manager Award granted in December 2021. A separate entry shows 43,359 shares withheld by the Manager to cover tax obligations on these earned shares. Following these entries, he directly owns 207,341 Class A shares, reflecting a restructuring of award shares rather than a traditional buy or sell.
Crescent Energy Co officer John Clayton Rynd reported compensation-related share movements, not open-market trading. On March 16, 2026, 43,935 shares of Class A common stock were delivered to him at the direction of KKR Energy Assets Manager LLC as part of an earned performance-based award originally granted to the manager in 2021.
On the same date, 11,251 shares were withheld by the manager to cover tax withholding obligations tied to this award. Following these transactions, Rynd directly holds 39,684 shares of Class A common stock. The filing reflects equity compensation vesting and tax withholding rather than discretionary buying or selling.
Crescent Energy Company issued $690 million of 2.75% Convertible Senior Notes due 2031 in a private placement to qualified institutional buyers. The notes pay semiannual interest and can be converted into cash, Class A common stock, or a mix, at the company’s election.
The initial conversion rate is 67.1456 shares per $1,000 principal amount, implying a conversion price of about $14.89 per share, a 32.5% premium to the $11.24 share price on March 3, 2026. A capped call with an initial cap of $22.48 per share, costing about $57 million, is designed to reduce dilution up to a 100% premium.
The company expects to use about $512 million of net proceeds to redeem all outstanding 9.250% Senior Notes due 2028 and may issue up to 61,387,851 shares upon conversion, based on the initial maximum conversion rate.
Crescent Energy Company plans a private placement of $400 million of convertible senior notes due 2031, with an option for an additional $60 million, sold to qualified institutional buyers. The company expects to use part of the proceeds for capped call transactions and the rest, alongside draws on its revolving credit facility, to redeem all outstanding 9.250% Senior Notes due 2028.
As of February 28, 2026, Crescent had no borrowings and $1,983.4 million of availability under its revolving credit facility, and its commodity hedge portfolio had an aggregate notional value of about $3.3 billion as of January 31, 2026. Using NYMEX pricing, total proved reserves at December 31, 2025 were 967,870 MBoe with PV-10 of $8,419 million, highlighting a sizable asset base.
Crescent Energy Company reports a strong 2025 with larger reserves, solid production and significant cash generation. The company ended the year with 975.5 MMBoe of net proved reserves, 61% liquids, and produced an average of 260 MBoe per day across the Eagle Ford, Permian and Uinta basins plus mineral interests.
For 2025, Crescent generated net income of $167.2 million, net cash provided by operating activities of $1.7 billion, Adjusted EBITDAX of $2.1 billion and levered free cash flow of $856.1 million
Proved reserves carried a Standardized Measure of $7.8 billion and PV-10 of $8.6 billion under SEC pricing. Crescent continued an acquisition-driven strategy, adding reserves through the Vital Energy merger, Ridgemar and minerals acquisitions, while operating under a management agreement with a KKR-affiliated manager that provides executive leadership and performance-based incentive structures.