The Investor
04 Nov 2025, 09:04
Crescent Energy Delivers Strong Q3; Lifts 2025 Outlook, Keeps Buybacks/Dividend On Track
Q3 2025 production averaged 253 Mboe/d, generating 473 million in operating cash flow, 204 million in levered free cash flow, and 487 million in adjusted EBITDAX; GAAP net loss was 10 million, adjusted net income 88 million. Crescent tightened 2025 capex lower by about 4% with steady output, highlighted Eagle Ford efficiency gains, announced a 3.1 billion all-stock acquisition of Vital Energy plus 700+ million of signed non-core divestitures, refinanced and expanded its borrowing base to 3.9 billion, repaid ~150 million of debt, and declared a 0.12/share dividend payable December 1 (record date November 17).
Q3 2025 production averaged 253 Mboe/d, generating 473 million in operating cash flow, 204 million in levered free cash flow, and 487 million in adjusted EBITDAX; GAAP net loss was 10 million, adjusted net income 88 million. Crescent tightened 2025 capex lower by about 4% with steady output, highlighted Eagle Ford efficiency gains, announced a 3.1 billion all-stock acquisition of Vital Energy plus 700+ million of signed non-core divestitures, refinanced and expanded its borrowing base to 3.9 billion, repaid ~150 million of debt, and declared a 0.12/share dividend payable December 1 (record date November 17).