Crescent Energy Company

CRGY

EnergyMid CapUS Equities · NYSE / NASDAQ

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Company Profile

Crescent Energy Company engages in the exploration and production of crude oil, natural gas, and natural gas liquids in the United States. The company's activities focused in Eagle Ford, Permian, and Uinta Basins. It owns minerals and royalty interests across the U.S. oil and natural gas basins. Crescent Energy Company was founded in 2011 and is headquartered in Houston, Texas.

Valuation

Market Cap$4.0B

Current Price$10.52as of Jun 23, 2026

P/E Ratio30.32

P/B Ratio0.78

EV / EBITDA5.84

EV / Sales2.72

Profitability

Operating Margin12.2%

Net Profit Margin3.7%

EBITDA Margin46.6%

Returns

ROE2.6%

ROCE3.9%

ROIC %-

ROA1.1%

Solvency

Current Ratio1.48

Debt / Equity1.11

Debt / Assets0.46

CFO / Net Profit12.64

Price History▲ 17.34% over 1Y

Technical Chart

Historical Performance Charts

5-year financial trends. Figures in USD millions.

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Latest fiscal year: 2025

Revenue$3.6B▲ 22.1%

EBITDA$1.7B▲ 67.2%

Net Profit$133M▼ 216.0%

Cash from Ops (CFO)$1.7B▲ 37.4%

Free Cash Flow (FCF)$-90M▲ 323.4%

Revenue CAGR 3Y5.4%

Revenue CAGR 5Y-

Net Profit CAGR 3Y11.2%

Net Profit CAGR 5Y-

Historical Growth

Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)

Year	Revenue	EBITDA	Net Profit	FCF	ROE	Rev Growth 1Y	NP Growth 1Y
2025	$3.6B	$1.7B	$133M	$-90M	2.6%	22.1%	-216.0%
2024	$2.9B	$997M	$-115M	$-21M	-3.7%	23.0%	-269.5%
2023	$2.4B	$1.2B	$68M	$-495M	4.0%	-22.1%	-30.1%
2022	$3.1B	$1.1B	$97M	$-207M	11.4%	-	-
2021	-

Financial Statements

Income statement, balance sheet, and cash flow as reported

Consolidated Figures in USD Millions.

Metric	2021	2022	2023	2024	2025
Total Revenue	-	3,057.06	2,382.60	2,930.92	3,579.78
Operating Revenue	-	3,057.06	2,382.60	2,930.92	3,579.78
Cost Of Revenue	-	438.75	581.97	632.04	767.81
Gross Profit	-	2,618.31	1,800.63	2,298.88	2,811.97
Operating Expense	-	1,132.04	1,322.39	1,878.42	2,375.35
Selling General And Administration	-	265.08	376.07	579.27	780.76
Total Expenses	-	1,570.79	1,904.37	2,510.46	3,143.16
Operating Income	-	1,486.27	478.24	420.46	436.62
Total Operating Income As Reported	-	1,284.16	324.74	218.46	229.28
EBITDA	-	1,145.75	1,166.81	996.99	1,667
Normalized EBITDA	-	2,024.76	1,153.32	1,372.42	1,600.69
EBIT	-	612.83	491.02	47.51	500.10
Interest Expense	-	95.94	145.81	216.26	298.43
Net Interest Income	-	-95.94	-145.81	-216.26	-298.43
Other Non Operating Income Expenses	-	0.95	-0.28	1.76	-5.02
Other Income Expense	-	-873.45	12.79	-372.95	63.48
Interest Expense Non Operating	-	95.94	145.81	216.26	298.43
Net Non Operating Interest Income Expense	-	-95.94	-145.81	-216.26	-298.43
Pretax Income	-	516.89	345.22	-168.76	201.67
Tax Provision	-	36.29	23.23	-31.07	34.50
Tax Rate For Calcs	-	0	0	0	0
Tax Effect Of Unusual Items	-	-61.53	0.91	-69.08	11.34
Net Income Continuous Operations	-	480.60	321.99	-137.68	167.17
Net Income From Continuing And Discontinued Operation	-	96.67	67.61	-114.60	132.91
Net Income From Continuing Operation Net Minority Interest	-	96.67	67.61	-114.60	132.91
Net Income	-	96.67	67.61	-114.60	132.91
Net Income Common Stockholders	-	96.67	67.61	-114.60	132.91
Net Income Including Noncontrolling Interests	-	480.60	321.99	-137.68	167.17
Normalized Income	-	914.15	55.03	191.75	77.93
Diluted NI Availto Com Stockholders	-	97.19	68.53	-114.60	132.60
Basic Average Shares	-	168.72	170.87	201.23	258.67
Diluted Average Shares	-	168.97	171.67	201.23	261.67
Reconciled Depreciation	-	532.93	675.78	949.48	1,166.90
Reconciled Cost Of Revenue	-	438.75	581.97	632.04	767.81
Total Unusual Items	-	-879.01	13.48	-375.44	66.31
Total Unusual Items Excluding Goodwill	-	-879.01	13.48	-375.44	66.31
Minority Interests	-	-383.93	-254.38	23.08	-34.26
Special Income Charges	-	-202.11	-153.50	-261.09	-236.59
Other Special Charges	-	-	-	59.10	29.25
Impairment Of Capital Assets	-	142.90	153.50	161.54	254.55
Restructuring And Mergern Acquisition	-	63.85	6.03	69.88	100.32
Gain On Sale Of Security	-	-676.90	166.98	-114.35	302.90
Depreciation Amortization Depletion Income Statement	-	532.93	675.78	949.48	1,166.90
General And Administrative Expense	-	88.01	140.92	266.34	371.84
Other Gand A	-	-89.40	140.92	72.86	122.76
Salaries And Wages	-	177.41	141.38	193.48	249.08
Gain On Sale Of Ppe	-	4.64	0	29.43	147.54
Other Operating Expenses	-	95.65	107.58	187.04	208.28
Selling And Marketing Expense	-	177.08	235.15	312.93	408.92
Earnings From Equity Interest	-	4.62	-0.41	0.73	2.19
Average Dilution Earnings	-	0.52	0.92	0	-0.31
Other Taxes	-	238.38	162.96	162.63	219.42
Net Income Extraordinary	339.17	0	0	-	-

Peer Comparison

Energy sector peers, ranked by market cap

Company	Ticker	Market Cap	P/E	P/B	ROE	EV/EBITDA
Crescent Energy Companythis co.	CRGY	$4.0B	30.32↑ premium	0.78	2.6%	5.84
Patterson-UTI Energy, Inc.	PTEN	$4.7B	-49.75	1.45	-2.9%	6.08
Cactus, Inc.	WHD	$4.1B	24.62	3.33	13.5%	12.23
Comstock Resources, Inc.	CRK	$4.1B	9.67	1.53	15.9%	5.06
Oceaneering International, Inc.	OII	$4.0B

Learn while you research

Hand-picked academy chapters to deepen your understanding of Crescent Energy Company and the metrics that matter.

01 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read 02 Valuation Multiples Explained

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Year

Revenue

EBITDA

Net Profit

FCF

ROE

Rev Growth 1Y

NP Growth 1Y

2025

$3.6B

$1.7B

$133M

$-90M

2.6%

22.1%

-216.0%

2024

$2.9B

$997M

$-115M

$-21M

-3.7%

23.0%

-269.5%

2023

$2.4B

$1.2B

$68M

$-495M

4.0%

-22.1%

-30.1%

2022

$3.1B

$1.1B

$97M

$-207M

11.4%

2021

Metric

2021

2022

2023

2024

2025

Total Revenue

3,057.06

2,382.60

2,930.92

3,579.78

Operating Revenue

3,057.06

2,382.60

2,930.92

3,579.78

Cost Of Revenue

438.75

581.97

632.04

767.81

Gross Profit

2,618.31

1,800.63

2,298.88

2,811.97

Operating Expense

1,132.04

1,322.39

1,878.42

2,375.35

Selling General And Administration

265.08

376.07

579.27

780.76

Total Expenses

1,570.79

1,904.37

2,510.46

3,143.16

Operating Income

1,486.27

478.24

420.46

436.62

Total Operating Income As Reported

1,284.16

324.74

218.46

229.28

EBITDA

1,145.75

1,166.81

996.99

1,667

Normalized EBITDA

2,024.76

1,153.32

1,372.42

1,600.69

EBIT

612.83

491.02

47.51

500.10

Interest Expense

95.94

145.81

216.26

298.43

Net Interest Income

-95.94

-145.81

-216.26

-298.43

Other Non Operating Income Expenses

0.95

-0.28

1.76

-5.02

Other Income Expense

-873.45

12.79

-372.95

63.48

Interest Expense Non Operating

95.94

145.81

216.26

298.43

Net Non Operating Interest Income Expense

-95.94

-145.81

-216.26

-298.43

Pretax Income

516.89

345.22

-168.76

201.67

Tax Provision

36.29

23.23

-31.07

34.50

Tax Rate For Calcs

Tax Effect Of Unusual Items

-61.53

0.91

-69.08

11.34

Net Income Continuous Operations

480.60

321.99

-137.68

167.17

Net Income From Continuing And Discontinued Operation

96.67

67.61

-114.60

132.91

Net Income From Continuing Operation Net Minority Interest

96.67

67.61

-114.60

132.91

Net Income

96.67

67.61

-114.60

132.91

Net Income Common Stockholders

96.67

67.61

-114.60

132.91

Net Income Including Noncontrolling Interests

480.60

321.99

-137.68

167.17

Normalized Income

914.15

55.03

191.75

77.93

Diluted NI Availto Com Stockholders

97.19

68.53

-114.60

132.60

Basic Average Shares

168.72

170.87

201.23

258.67

Diluted Average Shares

168.97

171.67

201.23

261.67

Reconciled Depreciation

532.93

675.78

949.48

1,166.90

Reconciled Cost Of Revenue

438.75

581.97

632.04

767.81

Total Unusual Items

-879.01

13.48

-375.44

66.31

Total Unusual Items Excluding Goodwill

-879.01

13.48

-375.44

66.31

Minority Interests

-383.93

-254.38

23.08

-34.26

Special Income Charges

-202.11

-153.50

-261.09

-236.59

Other Special Charges

59.10

29.25

Impairment Of Capital Assets

142.90

153.50

161.54

254.55

Restructuring And Mergern Acquisition

63.85

6.03

69.88

100.32

Gain On Sale Of Security

-676.90

166.98

-114.35

302.90

Depreciation Amortization Depletion Income Statement

532.93

675.78

949.48

1,166.90

General And Administrative Expense

88.01

140.92

266.34

371.84

Other Gand A

-89.40

140.92

72.86

122.76

Salaries And Wages

177.41

141.38

193.48

249.08

Gain On Sale Of Ppe

4.64

29.43

147.54

Other Operating Expenses

95.65

107.58

187.04

208.28

Selling And Marketing Expense

177.08

235.15

312.93

408.92

Earnings From Equity Interest

4.62

-0.41

0.73

2.19

Average Dilution Earnings

0.52

0.92

-0.31

Other Taxes

238.38

162.96

162.63

219.42

Net Income Extraordinary

339.17

Company

Ticker

Market Cap

P/E

P/B

ROE

EV/EBITDA

Crescent Energy Companythis co.

CRGY

$4.0B

30.32↑ premium

0.78

2.6%

5.84

Patterson-UTI Energy, Inc.

PTEN

$4.7B

-49.75

1.45

-2.9%

6.08

Cactus, Inc.

WHD

$4.1B

24.62

3.33

13.5%

12.23

Comstock Resources, Inc.

CRK

$4.1B

9.67

1.53

15.9%

5.06

Oceaneering International, Inc.

OII

$4.0B

Crescent Energy Company

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Crescent Energy Company

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Key concepts to brush up on