CRGY Q4 2025 Earnings
Reported Feb 25, 2026 at 4:37 PM ET · SEC Source
Q4 25 EPS
$0.49
BEAT +46.27%
Est. $0.34
Q4 25 Revenue
$865.0M
MISS 2.07%
Est. $883.3M
vs S&P Since Q4 25
-6.2%
TRAILING MARKET
CRGY +0.2% vs S&P +6.4%
Full Year 2025 Results
FY 25 EPS
$1.80
BEAT +9.16%
Est. $1.65
FY 25 Revenue
$3.58B
MISS 0.72%
Est. $3.61B
Market Reaction
Did CRGY Beat Earnings? Q4 2025 Results
Crescent Energy capped a transformational year with a sharper-than-expected earnings beat in Q4 2025, as the company's aggressive portfolio reshaping began to show up in the bottom line even as revenue came in slightly soft. Adjusted EPS of $0.49 cle… Read more Crescent Energy capped a transformational year with a sharper-than-expected earnings beat in Q4 2025, as the company's aggressive portfolio reshaping began to show up in the bottom line even as revenue came in slightly soft. Adjusted EPS of $0.49 cleared the $0.39 consensus estimate by 26.68%, while revenue of $865.05 million trailed the $890.96 million consensus by 2.91% and edged down 1.2% from the prior-year period, reflecting the timing of roughly $900 million in non-core asset divestitures that exited the Barnett, Rockies, Mid-Continent, and DJ positions entirely. The standout driver was the $3.10 billion all-stock acquisition of Vital Energy, closed mid-December, which anchored a year defined by approximately $5.00 billion of transactions and pushed full-year production to a record 260 MBoe/d. Adjusted EBITDAX reached $535.74 million and levered free cash flow came in at $239.20 million for the quarter, prompting shares to surge on investor enthusiasm over doubled Permian synergies. Looking ahead, Crescent guided 2026 production of 320 to 335 MBoe/d with development capital of $1.33 billion to $1.43 billion across a flexible 6-7 rig program.
Key Takeaways
- • Record annual production of 260 MBoe/d
- • Approximately 15% year-over-year improvement in well costs
- • Disciplined capital spending and strong operational execution
- • Approximately $5 billion of portfolio-transforming acquisitions and divestitures in 2025
- • Implementation of operational playbook on acquired Permian assets with 100% increase in annual synergy target
CRGY YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
CRGY Revenue by Segment
With YoY comparisons, source: SEC Filings
“2025 was a transformational year, and our value proposition has never been more compelling. Today, we operate scaled positions across three premier basins – the Eagle Ford, the Permian and the Uinta, complemented by a world-class minerals platform, and we believe there is significant upside embedded in our business.”
— David Rockecharlie, Q4 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% |