Crescent Energy Company (CRGY) Earnings Call Transcripts

Crescent Energy Company's Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Crescent Energy Company (CRGY:US) reported a strong performance with record production of 341,000 barrels of oil equivalent per day, exceeding expectations. The company generated $690 million in adjusted EBITDA and $192 million in levered free cash flow, reflecting effective operational execution and integration of its Permian assets. Management maintained its guidance for 2026, expecting approximately $1 billion in levered free cash flow, while highlighting significant operational efficiencies and cost reductions achieved during the quarter.

Reported metrics

Guidance from management

Crescent maintained its 2026 guidance, expecting to generate approximately $1 billion of levered free cash flow, with production likely to be in the mid to high point of the original guidance range.

What management said

It's David. I'll just start by taking a quick step back and again, reiterating why we talk so much about investing and operating and deployment of capital is investing. And so we're really pleased with the M&A that's taken place over the last 3 years. That's dollars in the ground at $60 oil price environment. And we think in today's environment, we should be grabbing as much cash flow as we can for the benefit of in...

It's Brandi. So I would say as we sit here today, we are very well hedged from a Waha standpoint over the next probably 24 months in the kind of the mid-2s. I feel like we have a lot of protection there.

What analysts pressed on

Analysts expressed concerns regarding the potential impact of accelerated activity on the corporate decline rate and the ability to maintain operational efficiencies. There were also questions about the timing of capital allocation adjustments in response to commodity price fluctuations.

Main topics on the call

• Production Outperformance — Crescent achieved record production of 341,000 barrels of oil equivalent per day, driven by faster cycle times and optimization efforts. Management noted, "We exceeded production expectations driven by faster cycle times...
• Free Cash Flow Generation — The company generated $192 million in levered free cash flow, which was a key highlight of the quarter. Management stated, "Our differentiated combination of investing and operating expertise continues to deliver signifi...
• Permian Asset Integration — Crescent's integration of its Permian assets is ahead of schedule, with $120 million in synergies already captured. Management expressed confidence, stating, "We've already exceeded our initial synergy target, capturing ...
• Cost Reductions — The company reported significant reductions in well costs, achieving over $500,000 savings per well compared to the previous operator. Management highlighted, "We've achieved over $500,000 of savings per well versus the ...

Read the full Crescent Energy Company transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 19 Crescent Energy Company earnings call transcripts on record, spanning March 10, 2022 to August 4, 2026. Based on this history, Crescent Energy Company reports quarterly. The most recent call on file is dated August 4, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

CRGY

Exchange

NYSE

Country

US

Sector

Energy

Industry

Oil, Gas and Consumable Fuels

Calls on record

19

First call

March 10, 2022

Most recent

August 4, 2026

Reporting cadence

quarterly