Headquartered in Houston, TX Fiscal year ends December NYSE: CRGY crescentenergyco.com
Crescent Energy Company (NYSE: CRGY) is a U.S. independent oil and natural gas company that pursues growth through acquisitions while returning capital to shareholders. It does so through a fixed quarterly dividend and an opportunistic share repurchase program.
**Assets and operations**
- Its long-life portfolio combines stable producing assets with development inventory in the Eagle Ford, Permian and Uinta Basins.
- It also owns minerals and royalty interests across U.S. oil and gas basins, mostly operated by large, well-capitalized companies, with a core focus in the Eagle Ford.
- It reports one segment covering exploration and production of crude oil, natural gas and NGLs from operated and non-operated wells. Gathering, processing and marketing are treated as ancillary.
- Working interest operations sit under Crescent Energy Finance LLC (CEF); minerals and royalties sit under Crescent Royalty Finance LLC (CRF).
**Recent developments**
- It acquired Vital Energy (the Permian Acquisition) and is integrating it, with a synergy target of more than $300 million.
- In October 2026 it agreed to acquire Eagle Ford assets from Devon Energy for about $3.85 billion net, expected to close in Q4 2026 or early 2027.
- Q3 2026 production averaged 328 MBoe/d, of which about 41% was oil. Updated
Production averaged 328 MBoe/d against 253 a year ago, showing the Vital Energy integration is working. That fueled a fifth straight quarter of topping earnings expectations, with the Eagle Ford deal from Devon still to close.
Crescent Energy (NYSE:CRGY) received a notable vote of confidence from KeyBanc this week, with the firm raising its price target to $19 from $15 while maintaining an Overweight rating. The call comes…
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Crescent Energy Company (NYSE: CRGY) is a U.S. independent oil and natural gas company that pursues growth through acquisitions while returning capital to shareholders.
The Wall Street consensus 12-month price target for CRGY is $18.56.
