Crescent Energy Co
Crescent Energy is an oil and natural gas company with assets in the Eagle Ford, Permian and Uinta Basins, primarily in Texas and Utah. It holds working interests in producing properties and undeveloped acreage, as well as mineral and royalty interests across U.S. oil and natural gas basins, with a core focus in the Eagle Ford. Crescent also owns midstream infrastructure, including an interest in the Springfield Gathering System. Crescent earns money from selling oil, natural gas and natural gas liquids produced from its properties, and from royalties on production from its mineral interests. Its midstream assets provide services to its upstream operations and other customers. Crescent is headquartered in Houston, Texas.
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See all $CRGY insider activity →Crescent Energy (CRGY) is expanding its Crescent Royalties business, which generates revenue from U.S. oil and gas production without drilling or operating costs. The planned acquisition of Devon Energy's Eagle Ford assets is expected to increase annualized EBITDA to $250 million and royalty production to 15,000 barrels per day. CRGY has also filed for a potential IPO of Crescent Royalties.
Crescent Energy (CRGY) reported Q3 2026 earnings and revenue above estimates, driven by higher production and improved oil prices. The company increased its annual Permian synergy target to $300M and plans to acquire Devon Energy's Eagle Ford assets for $3.85B, adding 68,000 barrels of oil equivalent per day. CRGY generated $367M in levered free cash flow, exceeding estimates by 23%. Shares have gained 31.5% year-over-year, but trail peers EOG Resources (EOG) and Chord Energy (CHRD).
U.S. upstream M&A reached $12.6 billion in Q3, up from $11.5 billion in Q2, according to Enverus. Notable deals include EQT's $13.8 billion acquisition of Range Resources and Crescent Energy's $4.2 billion purchase of Devon Energy's Eagle Ford assets. Total M&A for 2026 is $80.5 billion, exceeding 2025's full-year total. Private-to-public deals dominated Q3, with Magnolia Oil & Gas acquiring WildFire Energy. The Permian and Eagle Ford basins saw significant activity.
Over the past 7 days, AlphAI's AI scored 1 news story mentioning CRGY (Crescent Energy Co). Coverage has skewed bullish: 1 bullish, 0 neutral, and 0 bearish.
Recent CRGY coverage spans mergers & acquisitions, earnings and financial news.
The acquisition adds pro forma EBITDA of ~$250M and expands royalty production, likely boosting cash flow and margins.
Earnings beat and acquisition announcement provide fresh catalyst.
Crescent Energy may see short‑term upside on news of asset expansion.
Deal financing and leverage targets likely shift CRGY’s credit and equity risk profile, with commodity prices affecting deleveraging pace.
The dividend declaration may attract income‑focused investors, providing modest upside pressure.
AlphAI scores every news story that mentions CRGY with an AI model for sentiment and relevance, and aggregates insider trades from Crescent Energy Co's SEC EDGAR Form 4 filings. Figures refresh continuously.
Crescent Energy (CRGY) is expanding its Crescent Royalties business, which generates revenue from U.S. oil and gas production without drilling or operating costs. The planned acquisition of Devon Energy's Eagle Ford assets is expected to increase annualized EBITDA to $250 million and royalty production to 15,000 barrels per day. CRGY has also filed for a potential IPO of Crescent Royalties.
Crescent Energy (CRGY) reported Q3 2026 earnings and revenue above estimates, driven by higher production and improved oil prices. The company increased its annual Permian synergy target to $300M and plans to acquire Devon Energy's Eagle Ford assets for $3.85B, adding 68,000 barrels of oil equivalent per day. CRGY generated $367M in levered free cash flow, exceeding estimates by 23%. Shares have gained 31.5% year-over-year, but trail peers EOG Resources (EOG) and Chord Energy (CHRD).
U.S. upstream M&A reached $12.6 billion in Q3, up from $11.5 billion in Q2, according to Enverus. Notable deals include EQT's $13.8 billion acquisition of Range Resources and Crescent Energy's $4.2 billion purchase of Devon Energy's Eagle Ford assets. Total M&A for 2026 is $80.5 billion, exceeding 2025's full-year total. Private-to-public deals dominated Q3, with Magnolia Oil & Gas acquiring WildFire Energy. The Permian and Eagle Ford basins saw significant activity.
Crescent Energy aims to reduce leverage to 1.5x by year-end 2027 and 1x by 2028, using free cash flow to pay down debt. The company agreed to buy Devon Energy’s Eagle Ford assets for $4.2 billion, expecting $140 million in annual synergies. Q3 2026 production and levered free cash flow exceeded expectations.
Crescent Energy (CRGY) declared a $0.12 per share quarterly dividend, maintaining the previous rate. The dividend has a forward yield of 3.56% and is payable on November 30 to shareholders of record on November 16. The ex-dividend date is also November 16.
Analysts from Wells Fargo, Barclays, and Bank of America reiterated Buy ratings on Crescent Energy (CRGY), TechnipFMC (FTI), and Chevron (CVX) with price targets of $20.00, $90.00, and $252.00 respectively. Current share prices are $14.20, $68.77, and $235.52. Analyst consensus for CRGY is Moderate Buy with a $17.79 avg target, FTI is Strong Buy with $84.00 avg target, and CVX is Strong Buy with $237.94 avg target.
Shares of Diamondback Energy, Chord Energy, Valaris, Northern Oil and Gas, and Crescent Energy fell 3.4% to 6.6% as crude oil prices dropped over 4% due to renewed U.S.-Iran diplomatic talks, easing supply disruption concerns. Lower oil prices impact energy producers' revenue and margins. Northern Oil and Gas is up 19.2% YTD but trades 14.9% below its 52-week high.
Crescent Energy reported 3Q 2026 revenue of $1.35B, up 55.9% YoY, with a net loss of $2.2M, improved from $9.5M a year earlier. Nine-month revenue rose 45% to $3.93B, driven by higher oil prices and production growth. The company plans to acquire Devon’s Eagle Ford assets for $4.2B and filed for a potential IPO via Crescent Royalty.
Crescent Energy reported Q3 Adjusted EBITDAX of $786M and Levered Free Cash Flow of $367M, exceeding expectations. Permian synergies surpassed $300M. The company announced a $3.85B Eagle Ford acquisition.
Crescent Energy Co (CRGY) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 Crescent Energy Reports Third Quarter 2026 Results Houston, November 2, 2026 – Crescent Energy Company (NYSE: CRGY) (“Crescent” or the “Company”), today announced financial and operating results for the third quarter of 2026. A supplemental slide deck can be found at
