Crescent Energy (CRGY)
Produces oil and gas across the Eagle Ford, Permian and Uinta basins.
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Produces and sells crude oil, natural gas and natural gas liquids from U.S. onshore assets in the Eagle Ford, Permian and Uinta basins, supplemented by minerals, royalties and midstream infrastructure. Acquisition-led growth has broadened the portfolio, while revenue remains tied to hydrocarbon prices within a single exploration-and-production segment.
Produces crude oil, natural gas and natural gas liquids from operated and non-operated wells across the Eagle Ford, Permian and Uinta basins. The portfolio also includes mineral and royalty interests and midstream infrastructure that supports upstream assets and third-party customers.
Acquisition-led growth has assembled a broad U.S. onshore footprint, with the Vital Energy transaction adding a large Permian position. Development spending is balanced with cash flow from established, lower-decline production, while gathering, processing and marketing support the core producing business.
Revenue comes primarily from selling hydrocarbons to U.S. customers. Results remain tied to commodity prices, drilling and operating performance, environmental regulation and the integration of acquired assets; all activities are reported as one exploration-and-production segment.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 18, 2026 | BMO Capital | Reiterate | Rating: —Target: $10 | Target: $16 |
| Sep 17, 2026 | Truist Financial | Target | Target: $18 | Target: $19 |
| Sep 14, 2026 | UBS | Reiterate | Rating: —Target: $14 | Target: $19 |
| Sep 2, 2026 | Seaport Global | Initiate | Rating: — | |
| Sep 2, 2026 | Wells Fargo | Reiterate | Rating: —Target: $24 | Target: $19 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $264.9M · Total debt $5.28B · Total assets $12.01B · Shareholders' equity $5.16B
- Revenue
- $1.39B
- Operating income
- $581.0M
- Net income
- $492.8M
HistoryDividendAnnual yield
| Institutions | ≈ 91.46% | 302.18M shares | |
|---|---|---|---|
| 381 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 0.45% | 1.47M shares | |
| 18 holders · as of Aug 18, 2026 | |||
| Strategic holders | 0.04% | 132.9K shares | |
| 1 holder · as of Dec 18, 2025 | |||
| Other | ≈ 8.05% | 26.62M shares | |
| remainder | |||
330.40M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 11.72% | 38.72M | as of Jun 30, 2026 |
Kohlberg Kravis Roberts & Co. L.P.Institution | 8.67% | 28.66M | as of Jun 30, 2026 |
American Century Companies IncInstitution | 5.44% | 17.96M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 5.22% | 17.24M | as of Jun 30, 2026 |
Goldman Sachs Group IncInstitution | 5.12% | 16.91M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 7, 2026 | Liberty Mutual Foundation Inc. | 10 percent owner | −32,600,000 | $12.33 |
| May 6, 2026 | Marcus C. Rowland | director | −40,000 | $13.25 |
- SM Energy
US onshore E&P with overlapping Eagle Ford, Uinta Basin, and Permian footprint
- Magnolia Oil & Gas
South Texas Eagle Ford pure-play at ~100 Mboe/d; Karnes and Giddings operator
- Permian Resources
Pure-play Delaware Basin E&P competing for Permian acreage and investor capital
- APA
Permian Midland and Delaware operator (~281 MBoe/d US); exited Eagle Ford 2024
- Matador Resources
Delaware Basin Wolfcamp/Bone Spring operator with integrated San Mateo midstream
- Ovintiv
Permian Midland E&P; ~190k net acres, ~219 MBoe/d; divested Uinta Jan 2025
CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Crescent Energy | $13.10 | +0.69% | $4.38B | — | 5.7 | 1.0 | +55.3% |
| SM Energy | $33.98 | +0.18% | $8.33B | 9.0 | 4.6 | 1.5 | +218.4% |
| Magnolia Oil & Gas | $24.49 | +1.96% | $5.75B | 10.5 | 8.2 | 3.9 | +50.1% |
| Permian Resources | $21.96 | +3.17% | $18.40B | 14.5 | 9.5 | 3.2 | +55.2% |
| APA | $42.36 | +0.14% | $15.49B | 9.3 | 8.8 | 1.8 | +10.2% |
| Matador Resources | $52.01 | +0.31% | $6.72B | 9.3 | 6.3 | 1.7 | +28.2% |
| Ovintiv | $58.89 | +0.11% | $16.65B | 17.3 | 8.2 | 1.7 | +30.0% |
| Median | 9.9 | 8.2 | 1.7 | +40.0% |