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

Crescent Energy posts $419 million Q1 net loss on $1.18 billion revenue

Mixed Impact 3 of 5 earnings Written later

Crescent Energy reported a first-quarter 2026 net loss of $419 million, compared with a net loss of $2 million a year earlier, after a $707 million loss on derivatives. Revenue rose to $1.18 billion from $950 million, and adjusted net income was $175 million, or $0.53 per share, versus $0.57 a year earlier. The results combine higher sales and record output with a much larger GAAP loss.

Key points

  • GAAP net loss of $1.28 per diluted Class A share, versus a loss of $0.01 per share in Q1 2025
  • Record production of 341 MBoe/d, up from 258 MBoe/d a year earlier
  • Adjusted EBITDAX of $690 million and levered free cash flow of $192 million
  • Board approved a $0.12 per share dividend, payable June 1, 2026, to holders of record on May 18, 2026; about $336 million remains under the share repurchase program

The filing

CompanyCrescent Energy (CRGY)
Form8-K, current report
Filed with the SECMay 4, 2026, 4:23 PM ET
Accession number0001866175-26-000088

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 May 04, 2026.

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.