Filing Flows › Crescent Energy (CRGY) › Guidance & outlook

Crescent Energy (CRGY) guidance and outlook

Crescent Energy's 10-Q filed Nov 2, 2026 makes 26 forward-looking statements.

Guidance and outlook

Forward-looking statements, 10-Q filed Nov 2, 2026

• During the three and nine months ended September 30, 2025, we recorded an impairment expense of $73.5 million and $122.2 million, respectively, to write down the value of certain assets classified as held for sale to expected net proceeds.
• After deducting underwriting fees and expenses, we received net proceeds of approximately $1.1 billion (inclusive of the net proceeds from the underwriters’ exercise of their option) from the October 2026 Primary Offering, with which we intend to fund a portion of the cash consideration for the Devon EF Assets Acquisition.
• On October 8, 2026, we entered into a purchase and sale agreement (the “Devon EF Assets Acquisition Agreement”), pursuant to which we intend to acquire the Devon EF Assets for approximately $4.2 billion in cash.
• We believe that being a responsible operator will produce better outcomes, creating a net benefit for society and the environment, while delivering attractive returns for our investors.
• We are members of the Oil & Gas Methane Partnership 2.0 Initiative, or OGMP 2.0, and in 2025, following consecutive years on OGMP 2.0 Gold Standard pathway, we achieved the OGMP 2.0 Gold Standard Reporting designation for our credible plan to more accurately measure our methane emissions.
• We expect to fund our 2026 capital program through cash flow from operations.
• As the Company’s business and assets expand, Manager Compensation will increase by an amount equal to 1.5% per annum of the net proceeds from all future issuances of our primary equity securities by the Company (including in connection with acquisitions).
• Accordingly, as our Class A Common Stock share count increases, the number of equity-classified Manager PSU target shares of our Class A Common Stock granted under the Crescent Energy Company 2021 Manager Incentive Plan increases.
• We will account for this increase in target shares as a change in estimate and expect to recognize additional expense of approximately $104.1 million in the fourth quarter of 2026.
• We plan to continue the practice of entering into economic hedging arrangements to reduce near-term exposure to commodity prices, protect cash flow and corporate returns and maintain our liquidity.
• During the three months ended September 30, 2025, we recorded an impairment of $73.5 million to write down the value of certain assets classified as held for sale to expected net proceeds.
• During the nine months ended September 30, 2025, we recorded an impairment of $122.2 million to write down the value of certain assets classified as held for sale to expected net proceeds.

Crescent Energy's latest quarter

Questions

What does Crescent Energy expect?

During the three and nine months ended September 30, 2025, we recorded an impairment expense of $73.5 million and $122.2 million, respectively, to write down the value of certain assets classified as held for sale to expected net proceeds. After deducting underwriting fees and expenses, we received net proceeds of approximately $1.1 billion (inclusive of the net proceeds from the underwriters’ exercise of their option) from the October 2026 Primary Offering, with which we intend to fund a portion of the cash consideration for the Devon EF Assets Acquisition. On October 8, 2026, we entered into

Open the interactive view →

Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.