Filing Flows › Crescent Energy (CRGY) › Q2 2026
Crescent Energy (CRGY) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 3, 2026
Crescent Energy (CRGY) reported revenue of $1.4B for the second quarter 2026 (Q2 2026), +55% from a year earlier and +18% from the quarter before. Operating margin was 41.6%, net earnings $493M (35.3% of revenue).
Crescent Energy, Q2 2026: revenue $1.4B (+55% year over year), operating margin 41.6%, net earnings $493M, operating cash flow $707M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | +18% | +55% |
| Operating profit | $581M | +77% | +630% |
| Net earnings | $493M | — | +222% |
| Operating cash flow | $707M | +73% | +42% |
| Free cash flow | $376M | +555% | +69% |
What changed
Revenue was $1.4B in Q2 2026, up 55% year over year and up 18% from the previous quarter. Oil was the largest line at 88% of revenue. Oil added $0.62B year over year (up 104%), 126% of the total change. Midstream and other declined 87%.
Operating profit was $0.58B, a 41.6% margin (up 32.8 points year over year). Of the extra revenue versus Q2 2025, 101% reached operating profit, above the 9% margin then. Total costs fell 1% while revenue rose 55%. Net earnings were $0.49B, up 222% year over year. The effective tax rate was 25.6%.
Operating cash flow was $0.71B (up 42% year over year), 143% of net earnings. Non-cash charges added back $0.36B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.17B. Capital expenditures of $0.33B left free cash flow of $0.38B.
Questions
What was Crescent Energy's revenue in the second quarter 2026?
Crescent Energy (CRGY) reported revenue of $1.4B for the second quarter 2026 (Q2 2026), +55% from a year earlier and +18% from the quarter before.
Was Crescent Energy profitable in the second quarter 2026?
Operating profit was $581M (41.6% of revenue) and net earnings $493M.
Source: Crescent Energy 10-Q on SEC EDGAR.