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Dec 31, 2024
Crescent Energy Q4 2024 Earnings Report
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.
Key Takeaways
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.
Crescent Energy
Crescent Energy
Crescent Energy Revenue by Segment
Revenue by Segment
Oil Revenue
CapyFin.comNatural Gas Revenue
CapyFin.comNGL Revenue
CapyFin.com 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.
Positive Outlook
- 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.
Challenges Ahead
- 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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income