Business Wire·Oct 8, 2026, 10:03 PM ET

Crescent Energy Company Announces Pricing of Public Offering of Class A Common Stock

Crescent Energy Company priced an underwritten public offering of 80,000,000 Class A common shares at $12.50 per share.
Independence Energy Aggregator L.P., an affiliate of KKR & Co. Inc., agreed to purchase 40,000,000 shares in the offering.
Net proceeds will fund a portion of the cash consideration for the acquisition of Devon Energy's Eagle Ford assets, expected to close in late 2026 or early 2027.
If the Devon acquisition does not close, proceeds will be used for general corporate purposes, including subsidiary debt repayment.
Underwriters have a 30-day option to purchase up to 12,000,000 additional shares.
J.P. Morgan, KKR Capital Markets LLC, Raymond James, Evercore ISI, Wells Fargo Securities, KeyBanc, Mizuho, and Truist serve as joint book-running managers.
The offering is expected to close on October 13, 2026, subject to customary conditions.
The Registration Statement on Form S-3 was filed on October 8, 2026, and became effective upon filing.