Crescent Energy Simplifies Stock Structure

Dow Jones

Apr 09, 2025

By Connor Hart

Crescent Energy has streamlined its stock structure.

All of the Houston-based energy company's shareholders now hold Class A common stock, it said Tuesday. The disclosure came after the company eliminated its umbrella partnership-C corporation structure and converted all outstanding Class B common stock into Class A common stock last Friday.

Crescent said it expects the simplified structure to increase value by reducing complexity, improving clarity of financial presentations, eliminating certain compliance and reporting costs, and enhancing accessibility for a larger pool of investors.

The simplification didn't include any transfers of ownership, the company added.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

April 08, 2025 16:43 ET (20:43 GMT)

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The disclosure came after the company eliminated its umbrella partnership-C corporation structure and converted all outstanding Class B common stock into Class A common stock last Friday.Crescent said it expects the simplified structure to increase value by reducing complexity, improving clarity of financial presentations, eliminating certain compliance and reporting costs, and enhancing accessibility for a larger pool of investors.The simplification didn't include any transfers of ownership, the company added.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4213":"石油与天然气的勘探与生产","CRGY":"crescent energy company"},"translate_title":"Crescent Energy简化股票结构","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CRGY":0.9},"content_text":"By Connor Hart \n\n\n \n\n\n  Crescent Energy has streamlined its stock structure. \n\n\n  All of the Houston-based energy company's shareholders now hold Class A common stock, it said Tuesday. The disclosure came after the company eliminated its umbrella partnership-C corporation structure and converted all outstanding Class B common stock into Class A common stock last Friday. \n\n\n  Crescent said it expects the simplified structure to increase value by reducing complexity, improving clarity of financial presentations, eliminating certain compliance and reporting costs, and enhancing accessibility for a larger pool of investors. \n\n\n  The simplification didn't include any transfers of ownership, the company added. \n\n\n \n\n\n  Write to Connor Hart at connor.hart@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 08, 2025 16:43 ET (20:43 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}