Crescent Energy Files 8-K on Operations

TL;DR

CRGY filed an 8-K on Feb 13, 2025, updating on operations. No specific numbers yet.

AI Summary

Crescent Energy Company (CRGY) filed an 8-K on February 13, 2025, reporting on its results of operations and financial condition. The filing does not contain specific financial figures or operational details in the provided text, but it serves as a notification of these updates.

Why It Matters

This filing indicates that Crescent Energy is providing updates on its financial performance and operational status to the SEC, which is important for investors to monitor.

Risk Assessment

Risk Level: low — The filing is a standard operational update and does not appear to contain any immediate negative or positive financial disclosures.

Key Players & Entities

• Crescent Energy Company (company) — Registrant
• CRGY (company) — Ticker Symbol
• February 13, 2025 (date) — Filing Date
• 600 Travis Street, Suite 7200, Houston, Texas 77002 (address) — Principal Executive Offices

FAQ

Key Financial Figures

• $0.0001 — stered Class A Common Stock, par value $0.0001 per share CRGY The New York Stock Excha
• $42 million — mpany" or "Crescent") expects to report $42 million and $25 million of total cash received
• $25 million — ent") expects to report $42 million and $25 million of total cash received on Crescent's he

Filing Documents

• crgy-20250213.htm (8-K) — 31KB
• 0001866175-25-000003.txt ( ) — 156KB
• crgy-20250213.xsd (EX-101.SCH) — 2KB
• crgy-20250213_lab.xml (EX-101.LAB) — 22KB
• crgy-20250213_pre.xml (EX-101.PRE) — 13KB
• crgy-20250213_htm.xml (XML) — 3KB

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition. Hedge Settlements For the three and twelve months ended December 31, 2024, Crescent Energy Company (the "Company" or "Crescent") expects to report $42 million and $25 million of total cash received on Crescent's hedge positions, respectively, composed of the following: Three Months Ended December 31, 2024 Year Ended December 31, 2024 (in millions) Net cash (paid) received on settlement of derivatives $ 8 $ (36) Settlement of acquired derivative contracts (1) 34 61 Total cash (paid) received (2) $ 42 $ 25 The dollar amounts included in this Current Report on Form 8-K are preliminary and subject to change. Such amounts as disclosed herein constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). These statements are based on current expectations but remain subject to a number of assumptions, risks and uncertainties. Consequently, actual final results could differ materially from current expectations. Final dollar amounts for the three and twelve months ended December 31, 2024 will be reported in Crescent's Annual Report on Form 10-K for the year ended December 31, 2024. The information in this Item 2.02 shall not be deemed to be "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, and is not incorporated by reference into any filing under the Securities Act of 1933 or the Exchange Act. (1) Represents the settlement of certain oil, gas, and natural gas liquids derivative contracts acquired in connection with the SilverBow Merger. The Company expects to report these settlements as positive adjustments on the Statements of Cash Flows and as additions to Adjusted EBITDAX. (2) Represents total cash (paid) received from hedge settlements and is reflected in Adjusted EBITDAX.