The standout EPS beat and record production signal strong operational momentum. Monitor the Q2 outlook during the May 5 conference call for guidance updates, but the refinancing and synergy capture provide a solid foundation for continued free cash flow generation.
Price Chart
Executive Summary
Crescent Energy reported Q1 2026 record production of 341 MBoed and total revenue of $1.183B, up 24.5% YoY. Adjusted EPS of $0.53 crushed the $0.24 consensus by 121%, driven by strong operational execution and Permian integration synergies. The company also completed a $690M convertible bond refinancing that lowered interest expense.
Key Financial Metrics
Key Facts
- Record quarterly production of 341 MBoed (up 32% YoY)
- Total revenue $1.183B vs $950M YoY (+24.5%)
- Adjusted EPS $0.53 vs consensus $0.24 (+121% beat)
- Adjusted EBITDAX $690M vs $529M YoY (+30%)
- Operating cash flow $409M, levered FCF $192M
- Closed $690M 2.75% convertible bond offering, reduced interest expense by 50bps
- Captured $120M in Permian synergies, exceeding target
Financial Impact
Strong operational and financial results across all key metrics, with revenue growth, margin expansion, and deleveraging.
Risk Factors
- Commodity price volatility could impact future realized prices and derivative settlements
- Non-cash derivative losses contributed to a large GAAP net loss, which may spook some investors
- Integration of recent Permian and Eagle Ford acquisitions carries execution risk
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001866175-26-000088 |
| Document: crgy-20260504.htm | 0001866175-26-000088 |
| Document: 0001866175-26-000088-index-headers.html | 0001866175-26-000088 |
| Document: 0001866175-26-000088-index.html | 0001866175-26-000088 |
| Document: 0001866175-26-000088.txt | 0001866175-26-000088 |
| 8-K Data (Synthetic) | 0001866175-26-000088 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 6d ago | Institutional Cluster | $13.50 | awaiting T+60 | — | $13.57 (+0.56%) |
Oct 15, 2026 11d ago | 8-K | $13.77 | awaiting T+60 | — | $13.57 (−1.42%) |
Oct 13, 2026 13d ago | SC 13D/A | $12.85 | awaiting T+60 | — | $13.57 (+5.64%) |
Oct 9, 2026 17d ago | 8-K | $12.78 | awaiting T+60 | — | $13.57 (−6.22%) |
Oct 8, 2026 18d ago | SC 13G | $13.01 | awaiting T+60 | — | $13.57 (+4.34%) |
Oct 8, 2026 19d ago | S-3ASR | $13.01 | awaiting T+60 | — | $13.57 (+4.34%) |
Oct 8, 2026 19d ago | 8-K | $13.01 | awaiting T+60 | — | $13.57 (+4.34%) |
Jun 12, 2026 19w ago | Institutional Cluster | $11.58 $14.19 | ▲ +22.54% | ▲ +19.27% | $13.57 (+17.23%) |
Jun 11, 2026 19w ago | Institutional Cluster | $11.48 $13.77 | ▲ +19.95% | ▲ +15.55% | $13.57 (+18.25%) |
May 22, 2026 22w ago | 8-K | $12.43 $13.43 | ▲ +8.05% | ▲ +5.32% | $13.57 (+9.21%) |
US Market Status
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