CRGY

Crescent Energy Company is an independent energy company engaged in the acquisition, development, and production of crude oil, natural gas, and natural gas liquids across multiple U.S. basins. The company operates assets in the Eagle Ford Shale, Rockies, Barnett Shale, Permian Basin, and other regions. Crescent was formed through the combination of Crescent Energy and Independence Energy (backed by KKR) and subsequently acquired assets from Uinta Basin Energy and other sellers. Headquartered in Houston, Texas, Crescent pursues a consolidator strategy acquiring producing assets from larger companies and optimizing operations. The company is controlled by investment firms KKR and Carnelian. Crescent emphasizes free cash flow generation, operational efficiency, and shareholder returns through dividends and buybacks rather than aggressive production growth. The company benefits from diversified asset base, operational expertise, financial backing, and focus on capital discipline. Crescent faces commodity price volatility, operational challenges across diverse assets, integration complexities, and energy sector uncertainties. The company continues to pursue strategic acquisitions, optimize operations, hedge commodity exposure, and allocate capital to maximize returns through cycles.