CRGY Stock Recent News

HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY) today announced plans to host a conference call and webcast at 10 a.m. CT, on Tuesday, March 5, 2024 to discuss its fourth quarter and full year 2023 financial and operating results, as well as its outlook for 2024. The Company plans to release results after market close on Monday, March 4, 2024. The release and supplemental slides will be available on the company's website at https://ir.crescentenergyco.com. Conference Call Informa.

Crescent Energy is a major consolidator that seeks out sellers in areas with a lack of buyers, allowing them to find better deals while avoiding bidding wars. The company has been building a strong position in the Eagle Ford, where prices are more reasonable compared to the Permian. Management focuses on operational improvements to drive down costs and improve production, with advancements in technology playing a key role.

Crescent Energy recently acquired SN EF Maverick and working interests in Western Eagle Ford assets, which could lead to production and reserve increases. The company reported better than expected revenue and EPS, and reaffirmed its 2023 guidance. Crescent's efficiency efforts, including drilling and completion speed and lower well costs, could bring margin enhancements in the future.

Crescent Energy (CRGY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

The headline numbers for Crescent Energy (CRGY) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Crescent Energy (CRGY) came out with quarterly earnings of $0.52 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $5.38 per share a year ago.

On July 10, 2023, the TEACHER RETIREMENT SYSTEM OF TEXAS (Trades, Portfolio), a prominent investment firm, made a significant acquisition of 7,994,838 shares in Crescent Energy Co ( CRGY , Financial). This article aims to provide an in-depth analysis of this transaction, the profiles of the involved parties, and the potential implications for both the firm and Crescent Energy Co.

Crescent Energy Company realized commodity prices outperformed unrealized commodity prices due to hedging. Cash flow from operating activities before changes in working capital grew materially. Operating costs appear to be set to continue to offset inflation and possibly then some.

Attractive positioning in the Eagle Ford and Uinta basins - while not the lowest cost for producers - does present good opportunities to the savvy operator. The company has very few cons, save its high interest debt load and limited growth potential without additional land acquisition.

Crescent Energy (CRGY) came out with quarterly earnings of $1.12 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $6.56 per share a year ago.