NYSE:CRGY

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Crescent Energy Company (CRGY) has filed a Form 8-K noting that its indirect subsidiary Crescent Energy Finance LLC has formally launched private exchange offers and related consent solicitations for Vital Energy, Inc.’s 7.750% senior notes due 2029 and 9.750% senior notes due 2030. The new Crescent notes will mirror the coupons and maturities of the existing Vital notes, and if consent thresholds are met, all holders on the settlement date will receive a 2.50 dollar cash fee per 1,000 dollars principal in addition to the new securities. The exchange offers and consent solicitations are being conducted via an offering memorandum dated 1 December 2025 and are tied to the pending Crescent–Vital business combination, with no public offer of securities being made.
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Global Finance News 12-01-25
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).
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The Investor 11-04-25
Crescent Energy Expands Credit Facility Ahead of Vital Energy Merger

Crescent Energy Company (NYSE: CRGY) announced that its subsidiary, Crescent Energy Finance LLC, entered into a Thirteenth Amendment to its Credit Agreement on October 22, 2025. The amendment increases the company’s borrowing base by $1.3 billion to $3.9 billion, contingent on the completion of Crescent’s proposed merger with Vital Energy Inc. It also extends the maturity date for revolving loans to October 2030, lowers the applicable interest margin to SOFR plus 1.75–2.75%, and doubles the maximum credit facility to $6 billion, while keeping elected commitments at $2 billion.

The amendment, led by Wells Fargo Bank as administrative agent, strengthens Crescent’s liquidity position ahead of the merger with Vital Energy, which remains subject to regulatory and shareholder approval. The company emphasized that the filing does not constitute an offer or solicitation related to the transaction.

Crescent and Vital have filed a registration statement on Form S-4 with the SEC outlining the terms of the proposed business combination, which will be presented to both companies’ shareholders once finalized.
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WS Investor 10-24-25
Crescent Energy Company (NYSE: CRGY) announced preliminary results indicating that it expects to receive approximately $37 million in total cash from hedge settlements for the third quarter of 2025 and $81 million for the first nine months of 2025.

For Q3, this includes $22 million in net cash received from derivative settlements and $15 million from acquired hedge contracts related to the SilverBow Merger. Crescent stated that these settlements will be reflected as positive adjustments to Adjusted EBITDAX and cash flow statements.

The company emphasized that the reported amounts are preliminary and unaudited, subject to final adjustments when full results are released in its Q3 2025 Form 10-Q. Crescent cautioned that these figures constitute forward-looking statements and that actual results could differ materially once financial closing procedures are complete.
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European Investor 10-07-25
Crescent Energy Company (NYSE: CRGY) announced that its subsidiary, Crescent Energy Finance LLC, has priced a $600 million offering of 8.375% Senior Notes due 2034. The company expects net proceeds of approximately $588.1 million, which will primarily be used to:

Fund a tender offer for a portion of its outstanding 9.250% Senior Notes due 2028,

Pay related fees and expenses, and

Repay borrowings under its revolving credit facility or for general corporate purposes if funds remain.

The offering is not contingent on the completion of the tender offer and is expected to close on July 8, 2025.

The Notes will be sold to qualified institutional buyers under Rule 144A and to non-U.S. investors under Regulation S, and will not be registered under the Securities Act.

BofA Securities is acting as the representative of the initial purchasers, which include KKR Capital Markets LLC, an affiliate of Crescent. Other participating financial institutions may also benefit from proceeds used to repay existing credit obligations or held notes. The company has also agreed to a 60-day lockup on new debt offerings without prior consent.
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ME NEWS 06-25-25
Crescent Energy Files Amended 8-K to Include Financials from Ridgemar Acquisition
HOUSTON, April 11, 2025 – Crescent Energy Company (NYSE: CRGY) has filed an amended Form 8-K to include required financial statements and pro forma financial information related to its acquisition of Ridgemar Energy Operating, LLC and Ridgemar (Eagle Ford) LLC. The acquisition was originally disclosed on January 31, 2025.

The amendment includes:

Audited financials of Ridgemar Energy Management, LLC for the years ended December 31, 2024 and 2023

Unaudited pro forma condensed combined financial information, reflecting the impact of the Ridgemar Acquisition on Crescent Energy’s 2024 financials

A reserve report from independent engineers DeGolyer and MacNaughton, estimating Ridgemar’s net proved reserves as of December 31, 2024

Crescent Energy acquired all outstanding interests in Ridgemar under a Membership Interest Purchase Agreement dated December 3, 2024.

For reference, the amended filing also includes consents from the independent auditors and reserve engineers.
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ME NEWS 04-14-25
Crescent Energy Reports Preliminary Hedge Settlement Results for Q1 2025

HOUSTON, TX – Crescent Energy Company (NYSE: CRGY) released a preliminary update on April 10, 2025, regarding hedge settlements for the first quarter of 2025.

The company anticipates receiving approximately $7 million in total cash from its hedge positions for the three months ended March 31, 2025. This figure includes:

$18 million in cash from the settlement of derivative contracts acquired in the SilverBow merger, and

$(11) million in net cash paid on other hedge settlements.

These preliminary results reflect Crescent's ongoing hedging strategy, which is designed to protect against commodity price fluctuations in the oil, gas, and natural gas liquids markets. The company stated that these amounts will be reflected in its Adjusted EBITDAX and cash flow statement.

The final, detailed financials for the quarter will be included in Crescent Energy’s Form 10-Q, to be filed at a later date. All figures are subject to change pending the completion of financial reporting procedures.

Crescent emphasized that this report includes forward-looking statements based on current expectations and noted the possibility of material differences once results are finalized.
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ME NEWS 04-11-25
Crescent Energy Company completed its acquisition of Ridgemar (Eagle Ford) LLC on January 31, 2025, for $830 million in cash and 5,454,546 shares of Class A Common Stock. An additional earn-out of up to $170 million may be paid based on crude oil prices in 2026 and 2027. The company also entered into a Registration Rights Agreement with the seller and amended certain contract and employee-related provisions in the Purchase Agreement. Financial statements and pro forma financial information will be filed within 71 days.
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WS News 02-01-25