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AI brief of an SEC Form 8-K · Crescent Energy (CRGY)

Crescent Energy Q3 revenue up 16% to $867 million; 2025 capital outlook cut 4%

Positive Impact 4 of 5 earnings Written later

Crescent Energy reported third-quarter 2025 total revenues of $866.6 million, up from $744.9 million a year earlier, and a net loss attributable to the company of $9.5 million, or $0.04 per share, compared with a $9.9 million loss, or $0.07 per share, in the prior-year quarter. The company also improved its 2025 capital outlook by about 4% and is pursuing an approximately $3.1 billion all-stock acquisition of Vital Energy, expected to close in late fourth quarter 2025.

Key points

  • Q3 total revenues were $866.6 million versus $744.9 million; net loss attributable to Crescent was $9.5 million ($0.04 per share) versus $9.9 million ($0.07 per share) a year earlier.
  • Operating cash flow was $473 million, levered free cash flow $204 million and Adjusted EBITDAX $487 million; Adjusted Net Income was $88 million.
  • The 2025 capital outlook improved about 4% versus the original outlook, with production maintained when adjusted for divestitures.
  • Vital Energy acquisition valued at about $3.1 billion, inclusive of net debt; more than $700 million of non-core divestitures signed in September and October 2025.

The filing

CompanyCrescent Energy (CRGY)
Form8-K, current report
Filed with the SECNov 3, 2025, 4:23 PM ET
Accession number0001866175-25-000166

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:00 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 03, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.