Loading...
•
Sep 30, 2025
Crescent Energy Q3 2025 Earnings Report
Crescent Energy reported strong operating results in Q3 2025 with solid cash flow and production volumes, despite a net loss driven by one-time charges.
Key Takeaways
Crescent generated $866.6 million in revenue and $204.5 million in levered free cash flow in Q3 2025. Production averaged 253 MBoe/d, with strong contributions from oil and liquids. The company recorded a net loss of $9.5 million, primarily due to impairment and debt extinguishment costs, while maintaining disciplined capital spending and executing significant acquisitions and divestitures.
Q3 2025 revenue reached $866.6 million, with strong oil sales at $596.3 million
Production averaged 253 MBoe/d, with 41% oil and 58% liquids
Generated $487 million in Adjusted EBITDAX and $204 million in levered free cash flow
Reported a net loss of $9.5 million due to non-cash items including impairments and debt extinguishment
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Crescent raised 2025 guidance for the second time this year, reflecting capital efficiency and divestiture adjustments while maintaining robust production outlook.
Positive Outlook
- 2025 capital expenditure guidance reduced by 4% from original outlook
- Executing more than $700 million in accretive non-core asset sales
- Closing $3.1 billion all-stock acquisition of Vital Energy expected Q4
- Continued Eagle Ford well efficiency and cost savings
- Expanded borrowing base to $3.9 billion with lower pricing grid
Challenges Ahead
- Q3 net loss driven by impairment and refinancing charges
- Cash position declined to $3.5 million amid acquisitions and debt service
- G&A expense still elevated compared to pre-transaction levels
- Oil production slightly declined from prior quarter (103 MBbls/d vs 108)
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...