Filing Flows › Crescent Energy (CRGY) › Q3 2026 › vs Q3 2025
Crescent Energy (CRGY) Q3 2026 vs Q3 2025 (year over year)
Crescent Energy's revenue rose $485M (+56%) from $867M in Q3 2025 to $1.4B in Q3 2026. The biggest changes: Oil +$446M (+75%); Natural gas liquids +$47.8M (+52%); Midstream and other −$19.5M (-59%).
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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 17.8% | 29.7% | -12.0 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Oil | $1.0B | $596M | $446M | +75% |
| Natural gas | $155M | $144M | $10.1M | +7% |
| Natural gas liquids | $140M | $92.6M | $47.8M | +52% |
| Midstream and other | $13.8M | $33.2M | −$19.5M | -59% |
| Revenue | $1.4B | $867M | $485M | +56% |
| Net loss | $591K | $10.3M | −$9.7M | -94% |
| Costs & expenses | $1.4B | $881M | $471M | +53% |
| Operating costs | $873M | $836M | $36.7M | +4% |
| Interest & other, net | $473M | $45.1M | $428M | +949% |
| Income tax | $6.0M | −$4.0M | $10.0M | — |
| General & admin | $65.3M | $74.3M | −$9.0M | -12% |
| Other operating costs | $807M | $762M | $45.7M | +6% |
| Operating cash sources | $609M | $483M | $126M | +26% |
| Depreciation & amortization | $375M | $298M | $76.4M | +26% |
| Share-based compensation | $20.8M | $23.8M | −$3.0M | -13% |
| Working capital & other | $213M | $161M | $52.3M | +32% |
| Net loss absorbed | $591K | $10.3M | −$9.7M | -94% |
| Operating cash flow | $608M | $473M | $135M | +29% |
| Free cash flow (OCF − capex) | $240M | $258M | −$17.7M | -7% |
| Capital expenditures | $368M | $215M | $153M | +71% |
Questions
How much did Crescent Energy's revenue grow year over year in Q3 2026?
Crescent Energy's revenue rose $485M (+56%) from $867M in Q3 2025 to $1.4B in Q3 2026.
What drove Crescent Energy's revenue change in Q3 2026?
Oil +$446M (+75%); Natural gas liquids +$47.8M (+52%); Midstream and other −$19.5M (-59%).