Crescent Energy reported FY 2025 net income of USD 167.2 million, with total revenues of USD 3.6 billion (+22%) and operating expense of USD 1.6 billion (+24%). Adjusted EBITDAX (non-GAAP) was USD 2.1 billion (+29%) and Levered Free Cash Flow (non-GAAP) was USD 856.1 million (+36%). Interest expense totaled USD 298.4 million (+38%), while impairment expense was USD 254.6 million. Total sales volumes were 95,017 MBoe, or 260 MBoe/d (+29%), with oil at 38,139 MBbls (104 MBbl/d), natural gas at 236,978 MMcf (649 MMcf/d) and NGLs at 17,382 MBbls (48 MBbl/d). Crescent Energy ended FY 2025 with cash and cash equivalents of USD 10.2 million and long-term debt of USD 5.5 billion. During FY 2025, Crescent Energy completed the Ridgemar acquisition for USD 807.2 million in cash plus 5.5 million Class A shares, and consummated the Vital Energy merger in December 2025, issuing 73.3 million Class A shares and repaying USD 890.0 million of Vital borrowings while terminating Vital’s revolving credit facility. The company also advanced its non-core asset divestiture program, receiving USD 847.1 million in aggregate cash proceeds and recording USD 233.7 million of impairment tied to assets held for sale. On capital structure actions, Crescent Energy issued USD 600.0 million of 8.375% senior notes due 2034 and reduced its 9.250% senior notes due 2028 outstanding balance to USD 500.0 million following a tender offer and redemption, resulting in a USD 29.2 million loss on extinguishment of debt. Crescent Energy paid USD 0.48 per share in cash dividends during FY 2025 and, on February 25, 2026, approved a quarterly dividend of USD 0.12 per share payable March 25, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Crescent Energy Co. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001866175-26-000026), on February 25, 2026, and is solely responsible for the information contained therein.