Crescent Energy Files Q1 2025 10-Q
Ticker: CRGY · Form: 10-Q · Filed: 2025-05-05T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, oil-and-gas, financials
Related Tickers: CRGY
TL;DR
CRGY filed Q1 10-Q. Oil & Gas biz. Houston HQ.
AI Summary
Crescent Energy Co. filed its 10-Q for the period ending March 31, 2025. The company, formerly IE PubCo Inc., is involved in crude petroleum and natural gas extraction. Its principal executive offices are located in Houston, Texas.
Why It Matters
This filing provides investors with the latest financial performance and operational details for Crescent Energy, a key player in the oil and gas sector.
Risk Assessment
Risk Level: medium — The oil and gas industry is inherently volatile due to commodity price fluctuations and regulatory changes.
Key Numbers
- Q1 2025 — Reporting Period (First quarter of 2025 financial results)
- 1231 — Fiscal Year End (Indicates the end of the company's fiscal year)
Key Players & Entities
- Crescent Energy Co (company) — Filer
- IE PubCo Inc. (company) — Former company name
- 600 TRAVIS STREET SUITE 7200 HOUSTON TX 77002 (location) — Business and mailing address
- 20250331 (date) — Period of report
FAQ
What is Crescent Energy Co.'s primary business activity?
Crescent Energy Co. is primarily involved in Crude Petroleum & Natural Gas extraction, as indicated by its SIC code [1311].
When was Crescent Energy Co. formerly known as?
Crescent Energy Co. was formerly known as IE PubCo Inc., with a date of name change on 20210607.
Where are Crescent Energy Co.'s principal executive offices located?
The company's business and mailing address is 600 TRAVIS STREET, SUITE 7200, HOUSTON, TX 77002.
What is the filing date of this 10-Q?
This 10-Q filing was made on 20250505.
What is the period of report for this 10-Q filing?
The conformed period of report for this 10-Q filing is 20250331, representing the first quarter of 2025.
From the Filing
0001866175-25-000078.txt : 20250505 0001866175-25-000078.hdr.sgml : 20250505 20250505162738 ACCESSION NUMBER: 0001866175-25-000078 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 87 CONFORMED PERIOD OF REPORT: 20250331 FILED AS OF DATE: 20250505 DATE AS OF CHANGE: 20250505 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Crescent Energy Co CENTRAL INDEX KEY: 0001866175 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] ORGANIZATION NAME: 01 Energy & Transportation EIN: 871133610 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-41132 FILM NUMBER: 25913394 BUSINESS ADDRESS: STREET 1: 600 TRAVIS STREET STREET 2: SUITE 7200 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 713-332-7001 MAIL ADDRESS: STREET 1: 600 TRAVIS STREET STREET 2: SUITE 7200 CITY: HOUSTON STATE: TX ZIP: 77002 FORMER COMPANY: FORMER CONFORMED NAME: IE PubCo Inc. DATE OF NAME CHANGE: 20210607 10-Q 1 crgy-20250331.htm 10-Q crgy-20250331 0001866175 FALSE Q1 2025 December 31 http://fasb.org/us-gaap/2024#DerivativeAssetsCurrent http://fasb.org/us-gaap/2024#DerivativeAssetsNoncurrent http://fasb.org/us-gaap/2024#DerivativeLiabilitiesCurrent http://fasb.org/us-gaap/2024#DerivativeAssetsCurrent http://fasb.org/us-gaap/2024#DerivativeAssetsNoncurrent http://fasb.org/us-gaap/2024#DerivativeLiabilitiesCurrent P1Y xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure utr:bbl iso4217:USD utr:bbl utr:MMBTU iso4217:USD utr:MMBTU crgy:tranche crgy:class crgy:segment 0001866175 2025-01-01 2025-03-31 0001866175 2025-04-30 0001866175 2025-03-31 0001866175 2024-12-31 0001866175 us-gaap:NonrelatedPartyMember 2025-03-31 0001866175 us-gaap:NonrelatedPartyMember 2024-12-31 0001866175 srt:AffiliatedEntityMember 2025-03-31 0001866175 srt:AffiliatedEntityMember 2024-12-31 0001866175 us-gaap:CommonClassAMember 2025-03-31 0001866175 us-gaap:CommonClassAMember 2024-12-31 0001866175 us-gaap:CommonClassBMember 2024-12-31 0001866175 us-gaap:CommonClassBMember 2025-03-31 0001866175 srt:OilReservesMember 2025-01-01 2025-03-31 0001866175 srt:OilReservesMember 2024-01-01 2024-03-31 0001866175 us-gaap:NaturalGasProductionMember 2025-01-01 2025-03-31 0001866175 us-gaap:NaturalGasProductionMember 2024-01-01 2024-03-31 0001866175 srt:NaturalGasLiquidsReservesMember 2025-01-01 2025-03-31 0001866175 srt:NaturalGasLiquidsReservesMember 2024-01-01 2024-03-31 0001866175 crgy:MidstreamAndOtherMember 2025-01-01 2025-03-31 0001866175 crgy:MidstreamAndOtherMember 2024-01-01 2024-03-31 0001866175 2024-01-01 2024-03-31 0001866175 us-gaap:CommonClassAMember 2025-01-01 2025-03-31 0001866175 us-gaap:CommonClassAMember 2024-01-01 2024-03-31 0001866175 us-gaap:CommonClassBMember 2025-01-01 2025-03-31 0001866175 us-gaap:CommonClassBMember 2024-01-01 2024-03-31 0001866175 us-gaap:CommonStockMember us-gaap:CommonClassAMember 2023-12-31 0001866175 us-gaap:CommonStockMember us-gaap:CommonClassBMember 2023-12-31 0001866175 us-gaap:PreferredStockMember 2023-12-31 0001866175 us-gaap:TreasuryStockCommonMember 2023-12-31 0001866175 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001866175 us-gaap:RetainedEarningsMember 2023-12-31 0001866175 us-gaap:NoncontrollingInterestMember 2023-12-31 0001866175 2023-12-31 0001866175 us-gaap:RetainedEarningsMember 2024-01-01 2024-03-31 0001866175 us-gaap:NoncontrollingInterestMember 2024-01-01 2024-03-31 0001866175 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-03-31 0001866175 us-gaap:CommonStockMember us-gaap:CommonClassAMember 2024-01-01 2024-03-31 0001866175 us-gaap:CommonStockMember us-gaap:CommonClassBMember 2024-01-01 2024-03-31 0001866175 us-gaap:CommonStockMember us-gaap:CommonClassAMember 2024-03-31 0001866175 us-gaap:CommonStockMember us-gaap:CommonClassBMember 2024-03-31 0001866175 us-gaap:PreferredStockMember 2024-03-31 0001866175 us-gaap:TreasuryStockCommonMember 2024-03-31 0001866175 us-gaap:AdditionalPaidInCapitalMember 2024-03-31 0001866175 us-gaap:RetainedEarni