NYSE$CRGY
Crescent Energy Company · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Crescent Energy reported a net loss of $170 million and diluted EPS of -$0.70 for Q4 2024, with total revenues of $875.289 million.
Crescent Energy reported a net loss of $170 million for the fourth quarter of 2024, with total revenues reaching $875.289 million. The company achieved record annual production of 201 MBoe/d, a 30% increase year-over-year, driven by acquired volumes and increased well productivity. They also generated $1.2 billion in Operating Cash Flow and $630 million in Levered Free Cash Flow for the full year.
- Achieved record annual production of 201 MBoe/d, a greater than 30% increase year-over-year.
- Generated $1.2 billion in Operating Cash Flow and $630 million in Levered Free Cash Flow for the full year.
- Executed over $3 billion of accretive Eagle Ford M&A across five transactions.
- Utilized approximately 20% of the authorized Share Repurchase Program at a weighted average share price of $10.07.
Headline financials
Revenue & EPS history
Crescent Energy · Revenue · Quarterly
$875M
Forward guidance
Crescent released its full-year 2025 outlook, forecasting approximately 30% year-over-year production growth. The Company plans to operate a flexible 4 - 5 rig program, allocating capital across its oil and gas assets to maximize returns and free cash flow. The outlook incorporates an 11-month contribution from the recently acquired Ridgemar assets.
Tailwinds
- Forecasted production growth of approximately 30% year-over-year.
- Plans to operate a flexible 4 - 5 rig program.
- Capital allocation across oil and gas assets to maximize returns and free cash flow.
- Incorporates 11-month contribution from recently acquired Ridgemar assets.
- Focus on disciplined execution and maximizing free cash flow and returns from high-quality assets.
Headwinds
- Guidance is based on currently available information and estimates, subject to change.
- Forward-looking measures may vary materially from GAAP financial measures.
- Inherent difficulty in forecasting timing or amount of various items out of the Company's control.
- Potential impact of sustained cost inflation and elevated interest rates.
- Risks associated with commodity price volatility and geopolitical events.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 17 quarterly earnings reports · overlaid with Q4 2024
-0.2%
Avg return
Earnings day
+2.6%
Avg return
5 days after
+3.3%
Avg return
30 days after
47%
8 / 17 earnings
Positive
+12.3%
Q1 2024
Best reaction
-12.2%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.8% | -7.9% | -9.4% | |
| Q4 2025 | +4.7% | +9.0% | +32.9% | |
| Q3 2025 | -5.7% | +3.7% | +14.4% | |
| Q1 2025 | -3.5% | +4.0% | +5.3% | |
| Q4 2024 | -5.1% | +4.5% | -24.9% | |
| Q3 2024 | +5.6% | +11.0% | +18.3% | |
| Q2 2024 | -5.6% | -3.1% | +3.1% | |
| Q1 2024 | +12.3% | +15.0% | +16.8% | |
| Q4 2023 | +4.9% | +0.6% | -3.5% | |
| Q3 2023 | -12.2% | -15.8% | -12.3% | |
| Q2 2023 | +6.1% | +11.2% | +8.5% | |
| Q1 2023 | -5.5% | -4.6% | -4.9% | |
| Q4 2022 | -3.7% | -7.1% | -1.7% | |
| Q3 2022 | -4.6% | -9.2% | -19.2% | |
| Q2 2022 | +6.3% | +21.1% | +19.9% | |
| Q1 2022 | +1.4% | +8.3% | +18.4% | |
| Q4 2021 | -1.0% | +3.9% | -6.0% | |
| Q2 2021 | — | — | — | |
| Q1 2021 | — | — | — | |
| Q4 2020 | — | — | — | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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