Quarterly ResultMay 4, 2026, 04:43 PM
Crescent Energy Q1 Net Loss $(419.8M), EPS $(1.28); Revenue $1.18B
AI Summary
Crescent Energy reported a net loss of $419.8 million, or $1.28 per share, for the first quarter of 2026, a significant increase from the $2.15 million net loss in Q1 2025. Total revenues increased to $1.18 billion from $950.2 million year-over-year, primarily driven by higher oil revenues. The company's results were heavily impacted by a substantial loss on derivatives of $706.6 million. Additionally, the Board of Directors extended the stock repurchase program indefinitely and increased its limit to $400.0 million in February 2026.
Key Highlights
- Net loss attributable to Crescent Energy was $(419.8) million for Q1 2026, compared to $(2.15) million for Q1 2025.
- Diluted EPS was $(1.28) for Q1 2026, compared to $(0.01) for Q1 2025.
- Total revenues increased to $1.18 billion in Q1 2026 from $950.2 million in Q1 2025.
- Oil revenues rose to $893.3 million in Q1 2026 from $619.7 million in Q1 2025.
- Natural gas revenues decreased to $158.4 million in Q1 2026 from $187.4 million in Q1 2025.
- Loss on derivatives was $(706.6) million in Q1 2026, significantly higher than $(91.0) million in Q1 2025.
- Board extended stock repurchase program indefinitely, increasing limit to $400.0 million in Feb 2026.
- Net cash provided by operating activities was $409.2 million in Q1 2026, up from $337.1 million in Q1 2025.