Crescent Energy (NYSE:CRGY) Announces Earnings Results

Crescent Energy (NYSE:CRGY) released its earnings results on Monday. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.18, FiscalAI reports. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.24 billion. Crescent Energy had a return on equity of 13.51% and a net margin of 1.30%.

Crescent Energy Stock Performance

Shares of Crescent Energy stock traded down $0.99 on Wednesday, reaching $12.02. 3,219,539 shares of the company were exchanged, compared to its average volume of 7,371,861. The firm has a market cap of $5.08 billion, a price-to-earnings ratio of -600.55 and a beta of 1.71. Crescent Energy has a 1-year low of $7.68 and a 1-year high of $15.47. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.94 and a current ratio of 0.94. The company’s 50-day moving average is $13.60 and its two-hundred day moving average is $12.01.

Crescent Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Monday, November 16th. Crescent Energy’s dividend payout ratio is presently -960.00%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CRGY. BMO Capital Markets reiterated a “market perform” rating and issued a $16.00 price target on shares of Crescent Energy in a report on Friday, September 18th. Morgan Stanley downgraded shares of Crescent Energy to an “underweight” rating in a report on Monday, August 3rd. Zacks Research raised shares of Crescent Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. Wall Street Zen upgraded shares of Crescent Energy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 19th. Finally, Scotiabank started coverage on shares of Crescent Energy in a report on Wednesday, October 14th. They set a “sector outperform” rating and a $18.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Crescent Energy presently has an average rating of “Moderate Buy” and a consensus target price of $17.21.

Key Headlines Impacting Crescent Energy

Here are the key news stories impacting Crescent Energy this week:

• Positive Sentiment: Truist raised its price target to $20 from $19 and maintained a Buy rating, signaling confidence in potential upside. Truist price target report
• Positive Sentiment: Q3 results beat expectations: Crescent reported adjusted earnings of $0.77 per share versus the $0.59 consensus, while revenue of $1.35 billion topped estimates of $1.24 billion. Earnings also rose from $0.35 per share a year earlier. The company highlighted strong cash flow and operational efficiencies. Crescent Q3 2026 results
• Positive Sentiment: Quarterly dividend declared: The $0.12-per-share payment maintains an annualized dividend of $0.48, offering income support for shareholders. Dividend information
• Neutral Sentiment: Proposed royalty subsidiary IPO: Crescent confidentially filed for a potential public offering of Crescent Royalties. A completed IPO could provide a way to highlight or monetize the subsidiary’s value, but terms, timing, and proceeds have not been disclosed. Royalty subsidiary IPO filing

Crescent Energy Company Profile

Crescent Energy Company is an independent energy company focused on the acquisition, development and operation of oil and natural gas properties in the United States. Its activities include exploration and production, well development, production optimization and management of mature and unconventional oil and gas assets.

The company’s portfolio is concentrated in onshore U.S. basins, including the Eagle Ford in South Texas and the Uinta Basin in Utah, along with other producing properties.