AI-extracted from the 10-Q filed 2026-08-03 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Total revenue rose 55% YoY to $1.40B, led by oil revenue nearly doubling on Vital Energy Merger volumes and higher prices, pushing income from operations up over 7x to $581.0M.
Biggest Revenue Drivers
Oil$1,226.8M+104% YoY
Driven by higher realized oil prices (+57% per Bbl) and higher sales volumes (+30%), primarily from the Vital Energy Merger, partially offset by 2025 divestitures
Natural gas liquids$129.4M+32% YoY
Driven by higher sales volume (+58%) from the Vital Energy Merger, partially offset by lower realized NGL prices (-17%)
Biggest Revenue Drivers
Total revenue: $1.40B+55% YoY
Oil$1,226.8M+104% YoY
Driven by higher realized oil prices (+57% per Bbl) and higher sales volumes (+30%), primarily from the Vital Energy Merger, partially offset by 2025 divestitures
Natural gas liquids$129.4M+32% YoY
Driven by higher sales volume (+58%) from the Vital Energy Merger, partially offset by lower realized NGL prices (-17%)
Natural gas$33.8M-79% YoY
Driven by lower natural gas prices (-81% per Mcf), partially offset by higher sales volume (+11%) from the Vital Energy Merger
Midstream and other$5.0M-87% YoY
Decrease driven primarily by 2025 divestitures
Largest Expense Items
Operating expense$407.7M+5% YoY
Higher lease/operating expense, production taxes and workover expense from the Vital Energy Merger, partly offset by lower gathering/transportation and midstream operating expense from 2025 divestitures
Depreciation, depletion and amortization$358.0M+21% YoY
Driven primarily by increased production from the Vital Energy Merger
Interest expense$99.8M+33% YoY
Driven primarily by higher average debt balances as a result of the Vital Energy Merger
General and administrative expense$61.5M-51% YoY
Decrease driven by lower equity-based compensation expense, partially offset by higher Manager Compensation from the Vital Energy Merger
Margins: Total expenses were roughly flat (-1% YoY) even as revenue grew 55%, since a sharp drop in equity-based compensation offset higher DD&A and operating costs tied to the Vital Energy Merger, lifting income from operations to $581.0M from $79.6M.
Watch Items from the Filing
Natural gas revenue fell 79% YoY as realized gas prices before hedges dropped to $0.52/Mcf from $2.71/Mcf, even as oil revenue nearly doubled.
Effective tax rate rose to 25.6% for the quarter (54.0% year-to-date) due to discrete permanent differences tied to vesting of Manager performance stock units.
Related-party Management Agreement with KKR-affiliated Manager entitles it to $78.5M annual base compensation plus incentive PSUs, contributing $19.7M of non-cash G&A expense in the quarter.
Ridgemar contingent earn-out required $45.0M in payments during H1 2026 as WTI exceeded $70-75/bbl thresholds, with up to $170.0M more potentially payable through 2027.
Subsequent to quarter-end, the company redeemed the remaining $258.7M of 2029 Notes, following a $690M convertible notes issuance and a Revolving Credit Facility maturity extension to 2031.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Shi BoReporting ownerShares withheld for tax or exercise price · Apr 1, 2026
Goff John CDirectorGrant or award · Apr 1, 2026
Simon Karen JoDirectorGrant or award · Apr 1, 2026
Hollingsworth Jarvis V.DirectorGrant or award · Apr 1, 2026
Congress trading in CRGY
4 transactions in CRGY reported by 2 members of Congress under the STOCK Act, most recent trade Jun 24, 2025. Reported transactions, not recommendations.
About Crescent Energy Co (CRGY): stock profile, AI score and financials
Crescent Energy Co (CRGY) stock profile, AI quality score, and SEC EDGAR financial data, a Energy sector company. 13F Pro's AI-powered ranking engine scores CRGY at 68.5/100 on a composite quality score built from its SEC filings, placing it at rank #302 of 2,925 stocks — the top 25% of the AI-ranked universe. CRGY scores in the top quartile across free cash flow (93.8), earnings quality (89.2), revenue growth (87.2). Areas of concern include institutional flow (29.5) and balance sheet strength (36.5), which score below median versus the broader universe. Shareholder dilution risk is elevated at 20.3/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), Crescent Energy Co reports quarterly revenue of $1.4B, net income of $492.8M, an operating margin of 41.6%. Top institutional holders of CRGY by reported 13-F value include BlackRock, Kohlberg Kravis Roberts & L.P., AMERICAN CENTURY COMPANIES, based on the most recent SEC filings. CRGY trades on the NYSE exchange and files with the SEC under CIK 1866175. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate CRGY daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Crescent Energy Co directly from SEC EDGAR.