Crescent Energy — Third Quarter 2026 Earnings Summary

Crescent Energy Company reported a net loss of $1 million and Adjusted Net Income of $254 million for the third quarter of 2026, driven by production averaging 328 million barrels of oil equivalent per day. The company generated $608 million in operating cash flow and $367 million in levered free cash flow, while maintaining a leverage ratio of approximately 1.5x. Crescent announced an agreement to acquire Eagle Ford assets from Devon Energy for approximately $3.85 billion, expected to close in late 2026 or early 2027. Additionally, the company declared a quarterly dividend of $0.12 per share and increased its Permian synergy target to over $300 million.