Crescent Energy Company (CRGY) Stock

Crescent Energy Company (CRGY) is a Energy stock trading at $11.27 (as of 2026-07-24), with a market capitalization of $3.72B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Crescent Energy Company explores for, develops, and produces crude oil, natural gas, and natural gas liquids, holding assets across multiple U.S. basins including the Eagle Ford, Rockies, Barnett, and Permian. The company is based in Houston, Texas, with proved reserves and drilling locations reported as of December 31, 2021.

Understand Crescent Energy Company: how it makes money

Crescent Energy explores for, develops, and produces crude oil, natural gas, and natural gas liquids, and it makes money by selling that production, with most revenue tied to Oil Revenues.

Oil is the dominant revenue stream, so the company’s profitability will be structurally most influenced by how its oil-related results perform relative to smaller gas and NGL contributions.

Revenue by segment (latest quarter)
Oil$0.9B
Gas$0.2B
NGL$0.1B
MidsOther$0.0B

Business quality (Solid): Moderate, segment revenue mix is provided, but operational KPIs are limited to revenue-line labels, and there is no detailed disclosure on production volumes, realized prices, or drilling activity in the provided facts.

Bull case

  • Strong oil revenue contribution: Oil Revenues are the largest segment (0.89B), indicating the company’s commercial scale is primarily tied to its oil business.
  • Asset base and drilling inventory: It reports 1,528 gross undrilled locations (567 gross operated) and 531.6 net million barrels of oil equivalent of proved reserves as of December 31, 2021.
  • Multi-basin positioning: Its portfolio spans multiple proven basins in the U.S., including Eagle Ford, Rockies, Barnett, Permian, Mid-Con, and other basins.

Bear case

  • Revenue concentration in oil: Because Oil Revenues are the largest source of revenue, oil-related results are likely to have an outsized impact versus gas and NGL revenue (0.19B and 0.13B respectively).
  • Young company: The company was founded in 2020, so investors may have less operating history to evaluate performance stability over time.
  • Limited diversification beyond upstream revenue lines: Midstream and Other revenue is comparatively small (0.04B), so non-upstream contributions appear limited in this revenue mix.
Valuation — source: SEC EDGAR (first-party)
Price$11.27
Market Cap$3.72B
EV / EBITDA4.8
Price / Book0.79
Price / Sales0.95
DCF Value (model)$93.80
DCF Upside vs Price732.3%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$3.58B
Net Margin3.7%
Revenue Growth (YoY)22.1%
Financial Health — source: SEC EDGAR
Altman Z-Score0.71 (distress)
Valuation vs Sector & Industry
Sector P/E (Energy)19.0
Industry P/E (Petroleum & Natural Gas)19.0
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($504.32M)
Institutional Holders Tracked10
Congressional Trades (recent)4
Company
SectorEnergy
IndustryPetroleum & Natural Gas
CEODavid C. Rockecharlie
Employees987
CountryUS
IPO Date2021-12-08

Related Companies (Business model: Exploration & Production (Upstream Oil & Gas); 8 closest by market cap; US-domiciled)

  • Hess Midstream LP (HESM)
  • CNX Resources Corporation (CNX)
  • California Resources Corporation (CRC)
  • Magnolia Oil & Gas Corporation (MGY)
  • Comstock Resources, Inc. (CRK)
  • Par Pacific Holdings, Inc. (PARR)
  • Gulfport Energy Corporation (GPOR)
  • BKV Corporation (BKV)
CRGY earnings history · CRGY institutional & insider holders · CRGY KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.