Crescent Energy reports preliminary hedge settlements for second quarter

Crescent Energy Company (NYSE:CRGY), which currently manages $3.2 billion in annual revenue and carries a market capitalization of $2.9 billion, announced Thursday that it expects to report approximately $37 million in total cash received from hedge settlements for the three months ended June 30, 2025. According to InvestingPro data, the company operates with a significant debt burden, though analysts expect profitability improvement this year. For the six months ended June 30, 2025, the company anticipates receiving approximately $44 million from these settlements.

According to a statement based on a Securities and Exchange Commission filing, the preliminary figures include $20 million in net cash received on the settlement of derivatives for the second quarter and $9 million for the first half of the year. In addition, Crescent Energy expects to report $17 million for the quarter and $35 million from the settlement of derivative contracts acquired in connection with the SilverBow (NYSE:SBOW) Merger. The company’s current ratio of 0.78 indicates some liquidity challenges, though four analysts have recently revised their earnings expectations upward.

The company noted that these amounts are preliminary and subject to change. Final figures will be included in Crescent Energy’s Quarterly Report on Form 10-Q for the period ended June 30, 2025.

Crescent Energy is incorporated in Delaware and is headquartered in Houston, Texas. The company’s Class A common stock is listed on the New York Stock Exchange under the symbol CRGY.

The information reported is based on a press release statement included in the company’s SEC filing.

In other recent news, Crescent Energy announced the pricing of $600 million in 8.375% Senior Notes due 2034, which was increased from the initially planned $500 million. The proceeds from this offering are intended to fund a tender offer for a portion of its 9.250% Senior Notes due 2028, with additional funds allocated for repaying revolving credit facility debt or general corporate purposes. In a related development, the company reported that holders of its 9.250% Senior Notes tendered $306 million in principal amount by the Early Tender Date.

Analyst activity included Piper Sandler initiating coverage on Crescent Energy with an Overweight rating, citing the company’s strategic focus on expanding in the Eagle Ford and its strong hedge book as positive factors. Meanwhile, Raymond (NSE:RYMD) James reaffirmed its Strong Buy rating, noting Crescent Energy’s first-quarter results met production expectations and exceeded capital expenditure forecasts. The firm highlighted Crescent Energy’s robust free cash flow yield and maintained a price target of $16.

These developments reflect Crescent Energy’s ongoing efforts to manage its capital structure and strategic growth initiatives.

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