Crescent Energy Co (CRGY) Financial Statements (2025 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 thousands)Annual | Quarterly
| 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 136,151 | 778,115 | 5,321 | 2,974 | 228,614 | 2,253 | |||
| Cash and cash equivalent | 136,151 | 778,115 | 5,321 | 2,974 | 228,614 | 2,253 | |||
| Restricted cash and investments | 30,089 | 3,420 | 261 | 261 | 33,422 | 68,500 | |||
| Prepaid expense | 46,744 | 46,101 | 39,501 | 40,406 | 50,547 | 37,430 | |||
| Contract with customer, asset, after allowance for credit loss | 911 | 16,695 | |||||||
| Derivative instruments and hedges, assets | 130,543 | 16,880 | 36,513 | 54,321 | 4,278 | 19,584 | |||
| Other current assets | 42,635 | 12,288 | 12,721 | 11,213 | 6,214 | 12,617 | |||
| Other undisclosed current assets | 478,543 | 477,538 | 469,448 | 506,477 | 579,128 | 439,857 | |||
| Total current assets: | 864,705 | 1,334,342 | 563,765 | 615,652 | 903,114 | 596,936 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 207,558 | 202,185 | 202,887 | 198,570 | 189,605 | 194,518 | |||
| Oil and gas, successful efforts method, property and equipment, after accumulated depreciation, depletion, amortization, and impairment | 11,495,851 | 9,107,968 | 9,072,475 | 8,444,374 | 7,734,537 | ||||
| Long-term investments and receivables | 13,306 | 6,153 | 6,203 | 6,076 | 10,780 | 12,718 | |||
| Long-term investments | 13,306 | 6,153 | 6,203 | 6,076 | 10,780 | 12,718 | |||
| Derivative instruments and hedges | 40,395 | 2,898 | 4,305 | 8,066 | 7,740 | ||||
| Other noncurrent assets | 123,745 | 93,321 | 56,334 | 57,715 | 59,006 | 47,801 | |||
| Other undisclosed noncurrent assets | (3,495,131) | (3,266,044) | (3,108,052) | 5,917,256 | (2,620,453) | (2,445,989) | |||
| Total noncurrent assets: | 8,385,724 | 6,146,481 | 6,234,152 | 6,187,683 | 6,083,312 | 5,551,325 | |||
| TOTAL ASSETS: | 9,250,429 | 7,480,823 | 6,797,917 | 6,803,335 | 6,986,426 | 6,148,261 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 162,150 | 195,516 | |||||||
| Accounts payable | 138,478 | 125,010 | |||||||
| Accrued liabilities | 23,672 | 70,506 | |||||||
| Debt | 3,719 | 4,017 | 4,148 | 4,233 | 4,250 | 3,933 | |||
| Derivative instruments and hedges, liabilities | 52,073 | 101,220 | 42,051 | 243,199 | 107,386 | ||||
| Asset retirement obligation | 23,006 | 31,067 | 26,042 | 26,741 | 21,010 | 18,687 | |||
| Other liabilities | 59,253 | 48,302 | 32,092 | 37,823 | 30,360 | 24,193 | |||
| Other undisclosed current liabilities | 843,775 | 576,855 | 422,424 | 443,893 | 581,979 | 518,233 | |||
| Total current liabilities: | 929,753 | 712,314 | 748,076 | 750,257 | 880,798 | 672,432 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 3,229,549 | 2,408,997 | 1,755,413 | 1,701,441 | 1,919,947 | 1,339,197 | |||
| Long-term debt, excluding current maturities | 3,225,173 | 2,403,679 | 1,749,226 | 1,694,375 | 1,912,187 | 1,331,555 | |||
| Finance lease, liability | 4,376 | 5,318 | 6,187 | 7,066 | 7,760 | 7,642 | |||
| Liabilities, other than long-term debt | 895,694 | 772,422 | 751,469 | 715,919 | 669,741 | 619,211 | |||
| Asset retirement obligations | 441,838 | 407,176 | 424,232 | 418,319 | 372,572 | 360,058 | |||
| Deferred income tax liabilities | 387,912 | 305,730 | 288,369 | 262,581 | 234,166 | 241,214 | |||
| Other liabilities | 65,944 | 58,897 | 36,809 | 35,019 | 31,632 | 10,849 | |||
| Derivative instruments and hedges, liabilities | 619 | 2,059 | 31,371 | 7,090 | |||||
| Total noncurrent liabilities: | 4,125,243 | 3,181,419 | 2,506,882 | 2,417,360 | 2,589,688 | 1,958,408 | |||
| Total liabilities: | 5,054,996 | 3,893,733 | 3,254,958 | 3,167,617 | 3,470,486 | 2,630,840 | |||
| Temporary equity, including noncontrolling interest | 1,320,159 | 1,445,946 | 1,546,722 | 1,901,208 | 1,888,862 | 2,039,063 | |||
| Equity | |||||||||
| Equity, attributable to parent | 2,859,910 | 2,120,084 | 1,970,794 | 1,704,805 | 1,601,730 | 1,457,866 | |||
| Treasury stock, value | (31,927) | (17,143) | (17,143) | (17,143) | (17,143) | (17,143) | |||
| Additional paid in capital | 2,838,549 | 2,054,432 | 1,929,307 | 1,626,501 | 1,567,967 | 1,362,118 | |||
| Retained earnings (accumulated deficit) | 53,288 | 82,795 | 58,630 | 95,447 | 50,906 | 112,891 | |||
| Equity, attributable to noncontrolling interest | 15,341 | 21,042 | 25,425 | 29,687 | 25,330 | 20,475 | |||
| Other undisclosed equity | 23 | 18 | 18 | 18 | 18 | 17 | |||
| Total equity: | 2,875,274 | 2,141,144 | 1,996,237 | 1,734,510 | 1,627,078 | 1,478,358 | |||
| TOTAL LIABILITIES AND EQUITY: | 9,250,429 | 7,480,823 | 6,797,917 | 6,803,335 | 6,986,426 | 6,148,261 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 744,874 | 653,283 | 657,473 | 657,728 | 642,398 | 492,339 | ||
| Gross profit: | 744,874 | 653,283 | 657,473 | 657,728 | 642,398 | 492,339 | ||
| Operating expenses | (752,296) | (533,899) | (523,453) | (689,127) | (500,864) | (428,302) | ||
| Operating income (loss): | (7,422) | 119,384 | 134,020 | (31,399) | 141,534 | 64,037 | ||
| Nonoperating income (expense) | 203 | (37,652) | (170,593) | 189,735 | (293,275) | 2,615 | ||
| Other nonoperating income (expense) | 1,631 | 624 | 150 | (1,488) | 917 | 39 | ||
| Interest and debt expense | (36,513) | (42,359) | (22,582) | (43,159) | (42,200) | (31,128) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (43,732) | 39,373 | (59,155) | 115,177 | (193,941) | 35,524 | ||
| Other undisclosed income from continuing operations before income taxes | 36,513 | 42,359 | 22,582 | 43,159 | 42,200 | 31,128 | ||
| Income (loss) from continuing operations before income taxes: | (7,219) | 81,732 | (36,573) | 158,336 | (151,741) | 66,652 | ||
| Income tax expense (benefit) | 1,640 | (11,527) | 4,209 | (18,328) | 20,639 | (9,178) | ||
| Net income (loss): | (5,579) | 70,205 | (32,364) | 140,008 | (131,102) | 57,474 | ||
| Net income (loss) attributable to noncontrolling interest | (4,366) | (32,658) | 8,196 | (84,473) | 78,232 | (52,323) | ||
| Net income (loss) available to common stockholders, diluted: | (9,945) | 37,547 | (24,168) | 55,535 | (52,870) | 5,151 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (5,579) | 70,205 | (32,364) | 140,008 | (131,102) | 57,474 | ||
| Net income (loss) attributable to redeemable noncontrolling interest | (5,131) | (34,476) | ✕ | ✕ | ✕ | |||
| Comprehensive income (loss), net of tax, attributable to parent: | (5,579) | 70,205 | (32,364) | 140,008 | (131,102) | 57,474 | ||
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.