Filing Flows › Crescent Energy (CRGY) › Q3 2026 › vs Q2 2026
Crescent Energy (CRGY) Q3 2026 vs Q2 2026 (quarter over quarter)
Crescent Energy's revenue fell $43.7M (-3%) from $1.4B in Q2 2026 to $1.4B in Q3 2026. The biggest changes: Oil −$184M (-15%); Natural gas +$121M (+358%); Natural gas liquids +$11.0M (+8%).
Crescent Energy, Q3 2026: revenue $1.4B (+56% year over year), operating margin 35.4%, net loss $591K, operating cash flow $608M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Free cash flow margin | 17.8% | 26.9% | -9.2 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Oil | $1.0B | $1.2B | −$184M | -15% |
| Natural gas | $155M | $33.8M | $121M | +358% |
| Natural gas liquids | $140M | $129M | $11.0M | +8% |
| Midstream and other | $13.8M | $5.0M | $8.8M | +177% |
| Revenue | $1.4B | $1.4B | −$43.7M | -3% |
| Net loss | $591K | −$494M | $494M | — |
| Costs & expenses | $1.4B | $1.5B | −$126M | -9% |
| Operating costs | $873M | $814M | $58.6M | +7% |
| Interest & other, net | $473M | −$82.6M | $556M | — |
| Income tax | $6.0M | $170M | −$164M | -96% |
| General & admin | $65.3M | $61.5M | $3.8M | +6% |
| Other operating costs | $807M | $752M | $54.8M | +7% |
| Operating cash sources | $609M | $213M | $396M | +186% |
| Depreciation & amortization | $375M | $358M | $16.9M | +5% |
| Share-based compensation | $20.8M | $21.3M | −$507K | -2% |
| Working capital & other | $213M | −$166M | $380M | — |
| Net loss absorbed | $591K | −$494M | $494M | — |
| Operating cash flow | $608M | $707M | −$98.3M | -14% |
| Free cash flow (OCF − capex) | $240M | $376M | −$136M | -36% |
| Capital expenditures | $368M | $331M | $37.6M | +11% |
Questions
How much did Crescent Energy's revenue grow quarter over quarter in Q3 2026?
Crescent Energy's revenue fell $43.7M (-3%) from $1.4B in Q2 2026 to $1.4B in Q3 2026.
What drove Crescent Energy's revenue change in Q3 2026?
Oil −$184M (-15%); Natural gas +$121M (+358%); Natural gas liquids +$11.0M (+8%).