Crescent Energy Co reported second-quarter 2026 results with revenue of $1.395B and diluted EPS of $1.3, driven by higher production volumes and stronger oil price realization following the Vital Energy merger.
Financial Highlights
- Revenue was $1.395B, compared with $898M in the prior-year quarter; YoY change 55%.
- Net income was $492.8M, compared with $153.2M in the prior-year quarter; YoY change 221%.
- Diluted EPS was $1.3, compared with $0.6 in the prior-year quarter; YoY change 117%.
Business Highlights
- Total revenues rose 55% year over year in Q2, reflecting a 27% increase in volumes and stronger oil price realization, which supported higher Adjusted EBITDAX and cash flow.
- The completed Vital Energy merger materially increased oil and NGL working‑interest volumes and shifted the company’s mix toward oil, representing 89% of revenue mix in Q2.
- Operational activity included multiple minerals acquisitions in January and February 2026 and continued non‑core divestitures to streamline the portfolio.
- Development spending increased under a flexible, held‑by‑production capital program funded by operating cash flow, with hedging used to manage price volatility.
- ESG progress included OGMP 2.0 Gold Standard reporting and maintenance of a Sustainability Advisory Council focused on methane measurement and stewardship.
Original SEC Filing:
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