Quarterly ResultApr 9, 2026, 04:36 PM
Crescent Energy Expects $40 Million Total Cash Paid on Commodity Derivatives for Q1 2026
AI Summary
Crescent Energy Company anticipates reporting approximately $40 million in total cash paid on its commodity derivative positions for the three months ended March 31, 2026. This figure is primarily composed of a net cash payment of $101 million on the settlement of its own derivatives, partially offset by a $61 million positive settlement from acquired derivative contracts. These acquired contracts, stemming from the SilverBow and Vital Mergers, are expected to positively adjust cash flows and contribute to Adjusted EBITDAX. The company notes these preliminary figures are subject to change and will be finalized in its upcoming Quarterly Report on Form 10-Q.
Key Highlights
- Crescent Energy expects to report approximately $40 million in total cash paid on commodity derivative positions for the three months ended March 31, 2026.
- This total includes a net cash payment of $101 million on the settlement of its own derivative contracts.
- The company also expects a positive settlement of $61 million from acquired derivative contracts, specifically from the SilverBow Merger and Vital Merger.
- These acquired derivative settlements are anticipated to be reported as positive adjustments on the Statements of Cash Flows and as additions to Adjusted EBITDAX.
- The total cash paid from hedge settlements, amounting to $40 million, will be reflected in Adjusted EBITDAX.
- The disclosed dollar amounts are preliminary and subject to change, with final figures to be reported in the Q1 2026 Quarterly Report on Form 10-Q.
Price Impact
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