How are energy investors positioned?
In a recent filing with the Securities and Exchange Commission, Independence Energy Aggregator L.P. disclosed a major transaction involving Crescent Energy Co (NYSE:CRGY) stock. On March 10, 2025, Independence Energy sold 2,948,723 shares of Class A Common Stock at a price of $9.91 per share, totaling approximately $29.2 million. The transaction price was near Crescent Energy’s 52-week low of $9.88, with the stock currently trading at $10.51, giving the company a market capitalization of $2.66 billion. According to InvestingPro analysis, technical indicators suggest the stock is in oversold territory.
The transaction was part of a broader restructuring involving the conversion of Class B Common Stock and OpCo LLC Units into Class A Common Stock. Following the sale, Independence Energy Aggregator holds no shares of Class A Common Stock directly. The sale was executed on behalf of certain unaffiliated limited partners, as per the company’s disclosure. While Crescent Energy currently operates with a significant debt burden, InvestingPro data indicates analysts expect the company to return to profitability in 2025. Get access to 8 more exclusive ProTips and comprehensive valuation metrics with an InvestingPro subscription.
In other recent news, Crescent Energy Co. reported its fourth-quarter 2024 earnings, revealing a significant earnings per share (EPS) beat of $1.08 compared to the forecasted $0.4616. Despite this positive EPS result, the company experienced a slight revenue miss, with actual revenue at $875.29 million against an expected $896.62 million. Crescent Energy’s operational efficiency was evident as it generated approximately $260 million in free cash flow and reported $535 million in adjusted EBITDA. The company also announced a dividend of $0.12 per share. Notable recent developments for Crescent Energy include the completion of its acquisition of Ridgemar Energy and strategic advancements in the Eagle Ford and Uinta regions. Analysts have noted Crescent Energy’s disciplined approach to growth, with plans to focus on free cash flow generation and strategic asset acquisitions in 2025. Additionally, the company aims to achieve investment-grade status by potentially doubling its current production levels.
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