CRGY Q2 2025 Earnings
Reported Aug 4, 2025 at 4:26 PM ET · SEC Source
Q2 25 EPS
$0.43
BEAT +36.90%
Est. $0.31
Q2 25 Revenue
$898.0M
BEAT +1.31%
Est. $886.4M
vs S&P Since Q2 25
-3.9%
TRAILING MARKET
CRGY +12.9% vs S&P +16.8%
Market Reaction
Did CRGY Beat Earnings? Q2 2025 Results
Crescent Energy posted a standout second quarter of 2025, with adjusted EPS of $0.43 clearing the $0.31 Wall Street consensus by 36.90% and revenue of $897.98 million edging past estimates by 1.31%, reflecting year-over-year growth of 37.5% as the in… Read more Crescent Energy posted a standout second quarter of 2025, with adjusted EPS of $0.43 clearing the $0.31 Wall Street consensus by 36.90% and revenue of $897.98 million edging past estimates by 1.31%, reflecting year-over-year growth of 37.5% as the integrated Ridgemar Acquisition drove record production of 263 MBoe/d. The volume surge was the clearest engine behind the headline numbers, offsetting softer oil realizations of $61.47 per barrel versus $75.68 a year earlier, and translating into $498.97 million in operating cash flow that allowed the company to repay roughly $200 million of debt during the quarter, pulling net leverage to a comfortable 1.5x. Operational discipline also shone through, with DC&F costs falling approximately 15% across South Texas and the Uinta Basin. Looking ahead, management tightened its 2025 capital budget to $910 to $990 million, a roughly 3% improvement, while holding the production outlook steady at 251 to 261 MBoe/d, signaling confidence that efficiency gains, not spending, will carry the year.
Key Takeaways
- • Record production of 263 MBoe/d with 108 Mbo/d of oil production
- • Drilling, completion and facilities (DC&F) cost improvements of approximately 15% across South Texas and Uinta compared to 2024
- • Integration of Ridgemar Acquisition assets contributing to higher production volumes
- • Strong free cash flow generation of $171 million Levered Free Cash Flow
- • Lower adjusted operating expense per Boe of $12.40 vs. $15.17 year-over-year
CRGY YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
CRGY Revenue by Segment
With YoY comparisons, source: SEC Filings
“Crescent continues to deliver. This quarter, we once again posted strong free cash flow and overall performance, and we are enhancing our outlook for the full year.”
— David Rockecharlie, Q2 2025 Earnings Press Release
CRGY Earnings Trends
CRGY vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
CRGY EPS Trend
Earnings per share: estimate vs actual
CRGY Revenue Trend
Quarterly revenue: estimate vs actual
CRGY Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.36 | $0.53 | +46.25% | $1.18B | +1.68% |
| Q4 25 BEAT FY | $0.34 | $0.49 | +46.27% | $865.0M | -2.07% |
| FY Full Year | $1.65 | $1.80 | +9.16% | $3.58B | -0.72% |
| Q3 25 BEAT | $0.31 | $0.35 | +11.50% | $866.6M | -1.23% |
| Q2 25 BEAT | $0.31 | $0.43 | +36.90% | $898.0M | +1.31% |