Crescent Energy (CRGY) financial statements
Crescent Energy reported revenue of $3.6B in fiscal 2025, up 22.0% a year over 6 years.
Net income was $133M and the operating margin 6.4%, against 20.9% in 2019.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Crescent Energy's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $1.1B | $754M | $1.5B | $3.1B | $2.4B | $2.9B | $3.6B |
| Selling, general and admin | $2M | $17M | $78M | $85M | $141M | $336M | $472M |
| Operating income | $227M | -$374M | $484M | $1.3B | $325M | $218M | $229M |
| Interest expense | $54M | $38M | $51M | $96M | $146M | $216M | $298M |
| Pre-tax income | $47M | -$216M | -$433M | $517M | $345M | -$169M | $202M |
| Income tax | $28,000 | $14,000 | -$306,000 | $36M | $23M | -$31M | $35M |
| Net income | $0 | $0 | -$19M | $97M | $68M | -$115M | $133M |
| Operating margin | 20.9% | -49.5% | 32.8% | 42.0% | 13.6% | 7.5% | 6.4% |
| Net margin | 0.0% | 0.0% | -1.3% | 3.2% | 2.8% | -3.9% | 3.7% |
Balance sheet
Fiscal years, from Crescent Energy's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $20M | $37M | $129M | $0 | $3M | $133M | $10M |
| Receivables | — | $112M | $322M | $457M | — | — | — |
| Total current assets | — | $220M | $480M | $517M | $616M | $788M | $1.9B |
| Property, plant and equipment | — | $3.6B | $4.6B | $5.4B | $6.1B | $8.1B | $10.3B |
| Goodwill | — | $0 | $77M | $0 | $0 | — | — |
| Total assets | — | $3.9B | $5.2B | $6.0B | $6.8B | $9.2B | $12.4B |
| Total current liabilities | — | $121M | $616M | $894M | $750M | $827M | $1.3B |
| Long-term debt | — | $751M | $1.0B | $1.2B | $1.7B | $3.0B | $5.5B |
| Total liabilities | — | $1.0B | $2.1B | $2.7B | $3.2B | $4.8B | $7.3B |
| Shareholders' equity | — | — | $695M | $862M | $1.7B | $3.1B | $5.2B |
| Net debt | -$20M | $714M | $902M | $1.2B | $1.7B | $2.9B | $5.5B |
Cash flow
Fiscal years, from Crescent Energy's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $486M | $411M | $233M | $1.0B | $936M | $1.2B | $1.7B |
| Stock-based compensation | -$3M | -$797,000 | $40M | $38M | $83M | $186M | $245M |
| Dividends paid | — | $0 | $0 | $28M | $34M | $65M | $115M |
| Share buybacks (net) | $0 | $0 | -$18M | $0 | $0 | -$8M | -$33M |
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What was Crescent Energy's revenue in 2025?
$3.6B in fiscal 2025, from its 10-K filing.
From Crescent Energy's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.