CRESCENT ENERGY CO Financial Statements (2024 and earlier)

Company Profile

Business Address 600 TRAVIS STREET
HOUSTON, TX 77002
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 129
Cash and cash equivalents 129
Restricted cash and investments8 
Receivables 460342
Prepaid expense  
Contract with customer, asset, after allowance for credit loss15 
Derivative instruments and hedges, assets15 
Other current assets  
Other undisclosed current assets199
Total current assets:517480
Noncurrent Assets
Property, plant and equipment177144
Oil and gas property, successful effort method  
Long-term investments and receivables1515
Long-term investments1515
Intangible assets, net (including goodwill)  77
Goodwill  77
Derivative instruments and hedges  1
Other noncurrent assets5030
Other undisclosed noncurrent assets5,2614,411
Total noncurrent assets:5,5034,678
TOTAL ASSETS:6,0205,157
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 525338
Accounts payable 10487
Accrued liabilities 2426
Other undisclosed accounts payable and accrued liabilities 396225
Debt32
Derivative instruments and hedges, liabilities313254
Asset retirement obligation  
Due to related parties289
Other liabilities2514
Other undisclosed current liabilities  
Total current liabilities:894616
Noncurrent Liabilities
Long-term debt and lease obligation1,2551,034
Long-term debt, excluding current maturities1,2481,030
Finance lease, liability74
Liabilities, other than long-term debt572488
Asset retirement obligations347258
Deferred income tax liabilities14783
Other liabilities1414
Derivative instruments and hedges, liabilities64133
Total noncurrent liabilities:1,8271,522
Total liabilities:2,7212,138
Temporary equity, carrying amount2,4372,325
Equity
Equity, attributable to parent848682
Treasury stock, value(18)(18)
Additional paid in capital805720
Retained earnings (accumulated deficit)62(19)
Equity, attributable to noncontrolling interest1412
Other undisclosed equity00
Total equity:862695
TOTAL LIABILITIES AND EQUITY:6,0205,157

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
Revenues3,0571,477
Gain on disposition of assets for financial service operations779535
Gross profit:3,0571,477
Operating expenses(1,773)(993)
Operating income:1,284484
Nonoperating expense(767)(916)
Interest and debt expense(96)(3)
Income (loss) from continuing operations before equity method investments, income taxes:421(435)
Other undisclosed income from continuing operations before income taxes963
Income (loss) from continuing operations before income taxes:517(433)
Income tax expense (benefit)(36)0
Income (loss) from continuing operations:481(432)
Loss before gain (loss) on sale of properties:(432)
Net income (loss):481(432)
Net income (loss) attributable to noncontrolling interest(384)74
Other undisclosed net income attributable to parent  339
Net income (loss) available to common stockholders, basic:97(19)
Other undisclosed net loss available to common stockholders, diluted  
Net income (loss) available to common stockholders, diluted:97(19)

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
Net income (loss):481(432)
Comprehensive income (loss), net of tax, attributable to parent:481(432)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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