Crescent Energy Co. 8-K Summary
Business Context and Reporting Period
Crescent Energy Company (CRGY) filed a Current Report on Form 8-K on February 13, 2025. The filing provides preliminary expectations regarding hedge settlement cash flows for the three and twelve months ended December 31, 2024.
Key Financial Metrics
The filing focuses exclusively on expected cash flows from derivative settlements. No data on revenue, net profit, operating margins, debt levels, or general liquidity is provided in this document.
| Period | Net Cash (Paid) Received on Derivatives ($M) | Settlement of Acquired Derivatives ($M) | Total Cash Received ($M) |
|---|---|---|---|
| Three Months Ended Dec 31, 2024 | $8 | $34 | $42 |
| Year Ended Dec 31, 2024 | $(36) | $61 | $25 |
Note: The settlement of acquired derivative contracts relates to oil, gas, and natural gas liquids contracts from the SilverBow Merger. These amounts are expected to be reported as positive adjustments on the Statements of Cash Flows and as additions to Adjusted EBITDAX.
Material Changes and Outlook
The filing does not provide comparative data against prior periods to determine material changes in operational performance. Management commentary is limited to the disclosure that these figures are preliminary forward-looking statements subject to change. Final results will be reported in the Annual Report on Form 10-K for the year ended December 31, 2024.
Investor Verification Checklist
- Verify the final hedge settlement figures in the upcoming Form 10-K for the year ended December 31, 2024.
- Confirm the specific impact of the $34 million (quarterly) and $61 million (annual) acquired derivative settlements on Adjusted EBITDAX.
- Review the full Form 10-K for comprehensive revenue, profit, and liquidity metrics not included in this 8-K.