Crescent Energy Co CRGY

Crescent is a differentiated energy company committed to delivering value through a disciplined, returns-driven growth through acquisition strategy and consistent return of capital. Our long-life, balanced portfolio combines significant cash flow from stable production with a deep, high-quality development inventory. Our activities are focused in the Eagle Ford, Permian and Uinta Basins, and we own minerals and royalty interests across premier U.S. oil and natural gas basins, primarily operated by large, well-capitalized companies, with a core focus in the Eagle Ford. Our Class A Common Stock trades on the NYSE under the symbol "CRGY."

Our free cash flow-focused portfolio includes a balanced set of proven onshore oil and natural gas assets, in which we hold working interests, characterized by a stable production base, a lower decline rate and an acreage position that is approximately 96% held by production as of December 31, 2025. As a result of this overall lower decline profile, we require relatively modest capital expenditures to maintain production levels and cash flows. We maintain a robust inventory of attractive operated undeveloped locations, providing flexibility to sustain or grow our production base in a disciplined manner. While many operators in our industry have historically pursued capital intensive production growth, our management team has focused on selectively acquiring cash flow-oriented assets, operating them more efficiently and making disciplined, returns-focused reinvestment decisions to drive sustainable free cash flow generation. Our portfolio is further enhanced by our mineral interests in the core areas of major onshore oil and natural gas basins, which are primarily operated by large, well-capitalized operators, as well as midstream infrastructure investments, which provide operational advantages and contribute to enhanced cash flow margins.