Crescent Energy (NYSE:CRGY) Releases Quarterly Earnings Results, Beats Estimates By $0.14 EPS

Crescent Energy (NYSE:CRGY) issued its quarterly earnings data on Monday. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.14, FiscalAI reports. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. Crescent Energy had a negative net margin of 7.47% and a positive return on equity of 8.09%. The company’s revenue was up 24.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.57 earnings per share.

Crescent Energy Price Performance

NYSE:CRGY opened at $13.90 on Wednesday. Crescent Energy has a 52 week low of $7.68 and a 52 week high of $14.29. The firm has a market cap of $4.56 billion, a price-to-earnings ratio of -18.54 and a beta of 1.44. The firm’s 50-day simple moving average is $12.43 and its 200 day simple moving average is $10.17. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.48 and a current ratio of 1.48.

Crescent Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 18th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Monday, May 18th. Crescent Energy’s dividend payout ratio (DPR) is currently -64.00%.

Hedge Funds Weigh In On Crescent Energy

A number of hedge funds have recently bought and sold shares of the business. Royal Bank of Canada increased its holdings in Crescent Energy by 16.1% in the 1st quarter. Royal Bank of Canada now owns 58,900 shares of the company’s stock valued at $662,000 after buying an additional 8,173 shares during the period. AQR Capital Management LLC increased its holdings in Crescent Energy by 8.9% in the 1st quarter. AQR Capital Management LLC now owns 17,104 shares of the company’s stock valued at $192,000 after buying an additional 1,397 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Crescent Energy by 6.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 98,670 shares of the company’s stock valued at $1,109,000 after buying an additional 6,184 shares during the period. Goldman Sachs Group Inc. increased its holdings in Crescent Energy by 42.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,969,411 shares of the company’s stock valued at $44,616,000 after buying an additional 1,174,576 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Crescent Energy by 32.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 244,456 shares of the company’s stock valued at $2,748,000 after buying an additional 59,199 shares during the period. 52.11% of the stock is owned by institutional investors.

Analyst Ratings Changes

CRGY has been the topic of several research analyst reports. Johnson Rice reissued an “accumulate” rating and issued a $19.00 price objective on shares of Crescent Energy in a research report on Wednesday, March 25th. Stephens reissued an “overweight” rating and issued a $18.00 price objective on shares of Crescent Energy in a research report on Tuesday. Wall Street Zen lowered shares of Crescent Energy from a “buy” rating to a “hold” rating in a research report on Saturday. KeyCorp increased their price objective on shares of Crescent Energy from $15.00 to $19.00 and gave the company an “overweight” rating in a research report on Thursday, April 2nd. Finally, Weiss Ratings raised shares of Crescent Energy from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, February 27th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $15.73.

Crescent Energy News Roundup

Here are the key news stories impacting Crescent Energy this week:

• Positive Sentiment: Q1 beat — Crescent reported $0.53 EPS vs. $0.39 expected and revenue of $1.18B (up 24.5% YoY), a clear near-term earnings and top-line beat that underpins today’s rally. Crescent Q1 results
• Positive Sentiment: Analyst support — Stephens reaffirmed an “overweight” rating and set an $18 price target (roughly ~30% upside vs. current levels), which gives investors a buy-side catalyst. Stephens rating
• Positive Sentiment: Dividend/Income appeal — Crescent declared a quarterly dividend of $0.12/share (ex-div May 18, pay June 1), implying a ~3.5% yield and supporting demand from income-focused buyers.
• Positive Sentiment: Street momentum — Wall Street consensus price-target commentary and Zacks positioning (including a #1 rank inclusion and a cited potential ~26% upside) add to bullish sentiment and fund interest. Zacks note on upside
• Neutral Sentiment: Earnings call transcript and management commentary are available for deeper read; review the call for guidance, capex and production cadence that could influence near-term moves. Earnings call transcript
• Neutral Sentiment: Broad press coverage (earnings snapshots and regional reports) reiterates the beat but offers no new, market-moving detail beyond the release. Yahoo coverage
• Neutral Sentiment: Third-party comparison pieces (e.g., vs. Uranium Royalty) are background/contextual coverage and not directly material to CRGY fundamentals. Comparison article
• Negative Sentiment: Convertible-note accounting risk — analysis flags Crescent’s 2031 convertible notes: certain accounting choices could reduce reported EPS, weaken leverage/coverage ratios and increase reported volatility, which is a near-term risk for multiples and covenant perceptions. TipRanks convertible-note analysis

About Crescent Energy

Crescent Energy Co (NYSE: CRGY) is an independent exploration and production company focused on the acquisition, development and production of oil and natural gas resources in North America. Headquartered in Oklahoma City, the company’s core business activities include the identification and appraisal of prospective acreage, the design and execution of drilling and completion programs, and the ongoing operation and optimization of producing wells. Crescent Energy’s integrated approach emphasizes capital efficiency, reservoir quality and operational reliability to support sustainable cash flow generation over the commodity cycle.

Crescent Energy’s operations are concentrated in the Permian Basin, with a particular focus on the Delaware Basin’s stacked pay intervals.