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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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
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 | - |
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 |
| 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 |
| Operating Income | - | 1,486.27 | 478.24 | 420.46 | 436.62 |
| EBITDA | - | 1,145.75 | 1,166.81 | 996.99 | 1,667 |
| EBIT | - | 612.83 | 491.02 | 47.51 | 500.10 |
| Pretax Income | - | 516.89 | 345.22 | -168.76 | 201.67 |
| Tax Provision | - | 36.29 | 23.23 | -31.07 | 34.50 |
| Net Income | - | 96.67 | 67.61 | -114.60 | 132.91 |
| Net Income Common Stockholders | - | 96.67 | 67.61 | -114.60 | 132.91 |
| Total Expenses | - | 1,570.79 | 1,904.37 | 2,510.46 | 3,143.16 |
| Interest Expense | - | 95.94 | 145.81 | 216.26 | 298.43 |
| Selling General And Administration | - | 265.08 | 376.07 | 579.27 | 780.76 |
| Normalized EBITDA | - | 2,024.76 | 1,153.32 | 1,372.42 | 1,600.69 |
| Normalized Income | - | 914.15 | 55.03 | 191.75 | 77.93 |
| Market Cap | 4,174.17 | 4,174.17 | 4,174.17 | 4,174.17 | 4,174.17 |
Energy sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Crescent Energy Companythis co. | CRGY | $3.1B | 31.41↑ premium | 0.81 | 2.6% | 5.92 |
| Magnolia Oil & Gas Corporation | MGY | $5.5B | 17.19 | 2.88 | 16.8% | 6.54 |
| Comstock Resources, Inc. | CRK | $5.0B | 11.84 | 1.88 | 15.9% | 5.73 |
| Tidewater Inc. | TDW | $4.4B | 13.11 | 3.21 | 24.5% | 10.26 |
| International Seaways, Inc. | INSW | $3.9B |
| - |
| - |
| - |
| - |
| - |
| - |
| 12.71 |
| 1.95 |
| 15.3% |
| 8.52 |
| Cactus, Inc. | WHD | $3.9B | 23.74 | 3.21 | 13.5% | 11.78 |
| SM Energy Company | SM | $3.3B | 10.65 | 1.43 | 13.5% | 4.18 |
| Par Pacific Holdings, Inc. | PARR | $3.3B | 8.60 | 2.10 | 24.4% | 6.02 |
| CVR Energy, Inc. | CVI | $3.1B | 117.36 | 4.34 | 3.7% | 7.51 |
| Peer Median | - | 12.91 | 2.49 | 15.6% | 7.03 | |