
Crescent Energy's Q3 earnings beat, rising Permian synergies and planned Devon acquisition bolster its upside potential, though debt and commodity risks remain.
Crescent Energy Co (CRGY) is a leading independent oil and natural gas exploration and production company, focusing on the development of onshore resources within high-yield shale formations across the United States. Committed to sustainability and capital efficiency, Crescent utilizes advanced technologies to enhance production and recovery, fostering disciplined growth. The company's strategic positioning allows it to effectively navigate the evolving energy market, aiming to deliver strong financial performance while capitalizing on emerging opportunities and maintaining a competitive edge in the sector.
| Revenue (TTM) | $4.79B |
| Gross Profit (TTM) | $3.12B |
| EBITDA | $1.99B |
| Operating Margin | 5.29% |
| Return on Equity | 1.73% |
| Return on Assets | 2.92% |
| Revenue/Share (TTM) | $15.25 |
| Book Value | $15.52 |
| Price-to-Book | 0.97 |
| Price-to-Sales (TTM) | 0.91 |
| EV/Revenue | 2.047 |
| EV/EBITDA | 5.10 |
| Quarterly Earnings Growth (YoY) | 117.20% |
| Quarterly Revenue Growth (YoY) | 55.90% |
| Shares Outstanding | $330.40M |
| Float | $346.46M |
| % Insiders | 4.00% |
| % Institutions | 83.99% |
Volatility is currently expanding

Crescent Energy's Q3 earnings beat, rising Permian synergies and planned Devon acquisition bolster its upside potential, though debt and commodity risks remain.

Crescent Energy's Q3 earnings surge 113.9% as oil prices and production increase, while Permian synergies and a $3.85 billion Devon deal shape its next steps.

Crescent Energy NYSE: CRGY reported third-quarter results that exceeded its internal market expectations for production, capital spending and levered free cash flow, while outlining further operational savings and its planned integration of Devon Energy's Eagle Ford assets.

Crescent Energy Company ( CRGY ) Q3 2026 Earnings Call November 3, 2026 11:00 AM EST Company Participants Reid Gallagher - Investor Relations Executive David Rockecharlie - CEO & Director Brandi Kendall - CFO, Investor Relations & Director Jerome Hall - Chief Operating Officer Conference Call Participants Neal Dingmann - William Blair & Company L.L.C., Research Division John Freeman - Raymond James & Associates, Inc., Research Division Charles Meade - Johnson Rice & Company, L.L.C.

Crescent Energy announces confidential IPO filing for royalty subsidiary

Crescent Energy (CRGY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY) today announced plans to host a conference call and webcast at 10 a.m. CT, on Tuesday, November 3, 2026, to discuss its third quarter 2026 financial and operating results. The Company plans to release results after market close on Monday, November 2, 2026. The earnings release, supplemental slides and live webcast will be available through the Investors section of the Company's website at www.crescentenergyco.com. Conference Call In.

Oil industry M&A gains momentum as CRGY, ET, CVE and DTI pursue multibillion-dollar deals to expand operations, boost efficiency and strengthen cash flow.

Crescent Energy (CRGY) is rated Buy, with valuation attractive even at oil prices well below EIA 2027 forecasts. CRGY's Q2 was operationally strong, but significant hedging limited upside from oil price spikes, reducing realized oil prices by $23/barrel. Leverage and dilution are key risks, but projected 2026 levered free cash flow yields of 17–22% support the investment case.
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