First Citizens Bank & Trust Co. cut its holdings in shares of Crescent Energy Company (NYSE:CRGY – Free Report) by 61.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,628 shares of the company’s stock after selling 39,612 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Crescent Energy were worth $317,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC increased its holdings in Crescent Energy by 47.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,642 shares of the company’s stock worth $34,000 after acquiring an additional 853 shares during the period. Engineers Gate Manager LP bought a new stake in Crescent Energy during the second quarter worth about $1,183,000. NewEdge Advisors LLC boosted its holdings in shares of Crescent Energy by 1.1% in the 2nd quarter. NewEdge Advisors LLC now owns 145,918 shares of the company’s stock worth $1,433,000 after purchasing an additional 1,650 shares in the last quarter. Mraz Amerine & Associates Inc. grew its position in Crescent Energy by 3.1% during the second quarter. Mraz Amerine & Associates Inc. now owns 208,065 shares of the company’s stock valued at $2,043,000 after acquiring an additional 6,187 shares during the last quarter. Finally, Allworth Financial LP grew its holdings in shares of Crescent Energy by 31.3% during the 2nd quarter. Allworth Financial LP now owns 6,770 shares of the company’s stock valued at $66,000 after purchasing an additional 1,613 shares during the last quarter. 52.11% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades Several research analysts have recently commented on the company. Mizuho lifted their price objective on Crescent Energy from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. Wall Street Zen raised Crescent Energy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 19th. Scotiabank assumed coverage on Crescent Energy in a research report on Wednesday. They issued a “sector outperform” rating and a $18.00 price objective on the stock. Morgan Stanley downgraded shares of Crescent Energy to an “underweight” rating in a research report on Monday, August 3rd. Finally, Weiss Ratings upgraded Crescent Energy from a “sell (d)” rating to a “hold (c)” rating in a report on Monday, August 17th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Crescent Energy has a consensus rating of “Moderate Buy” and a consensus target price of $17.14.
View Our Latest Report on CRGY Crescent Energy Price Performance Shares of CRGY opened at $13.73 on Friday. The company has a market capitalization of $5.80 billion, a P/E ratio of -274.51 and a beta of 1.60. Crescent Energy Company has a twelve month low of $7.68 and a twelve month high of $15.47. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.00. The firm has a 50 day moving average of $13.43 and a 200 day moving average of $12.31.
Crescent Energy (NYSE:CRGY – Get Free Report) last issued its earnings results on Monday, August 3rd. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.59 by $0.10. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.26 billion. Crescent Energy had a return on equity of 10.52% and a net margin of 1.27%. Crescent Energy’s quarterly revenue was up 55.3% on a year-over-year basis. As a group, equities research analysts anticipate that Crescent Energy Company will post 2.42 earnings per share for the current fiscal year.
Crescent Energy Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Monday, August 17th were given a $0.12 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $0.48 dividend on an annualized basis and a yield of 3.5%. Crescent Energy’s payout ratio is -960.00%.
Crescent Energy Profile (Free Report)
Crescent Energy Company is an independent, U.S.-based energy company engaged in the acquisition, development, and operation of oil and natural gas properties. Its production portfolio includes crude oil, natural gas, and natural gas liquids, with an emphasis on established assets that offer ongoing development opportunities.
The company’s operations are concentrated in several major U.S. onshore producing regions, including the Eagle Ford, the Uinta Basin, and other assets across the Rocky Mountain and central United States.
Featured Articles Five stocks we like better than Crescent Energy Rocket Lab’s Neutron Delay Leaves Wall Street Bullish But Raises the Stakes for 2027 ManpowerGroup Stock Sinks on Q3 Results, But Fundamentals Stay Solid Does the AI Selloff Put Alphabet’s Breakout in Doubt? Bank Earnings Are Mixed—These 2 ETFs Offer Very Different Paths to a Recovery
Receive News & Ratings for Crescent Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crescent Energy and related companies with MarketBeat.com's FREE daily email newsletter.
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores? The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth ScoreGrowth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
#1 (Strong Buy) stocks have produced an unmatched +23.82% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Crescent Energy (CRGY - Free Report) Crescent Energy Company is a U.S. onshore oil and gas producer focused on three major basins: the Eagle Ford in Texas, the Permian in Texas and New Mexico, and the Uinta in Utah. It also owns minerals and royalty interests across leading U.S. oil and gas areas, mainly in the Eagle Ford. These royalty interests give Crescent a share of production revenue without requiring it to fund day-to-day drilling and operating costs on those wells.
CRGY is a #1 (Strong Buy) on the Zacks Rank, with a VGM Score of A.
Additionally, the company could be a top pick for growth investors. CRGY has a Growth Style Score of B, forecasting year-over-year earnings growth of 46.7% for the current fiscal year.
One analyst revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.40 to $2.64 per share. CRGY boasts an average earnings surprise of +36.1%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, CRGY should be on investors' short list.
HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY) today announced plans to host a conference call and webcast at 10 a.m. CT, on Tuesday, November 3, 2026, to discuss its third quarter 2026 financial and operating results. The Company plans to release results after market close on Monday, November 2, 2026. The earnings release, supplemental slides and live webcast will be available through the Investors section of the Company's website at www.crescentenergyco.com. Conference Call In.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Key Takeaways Crescent Energy's $3.85 billion Devon deal adds 90,000 net acres and over 600 Tier 1 drilling locations.Crescent Energy targets $140 million in annual synergies by 2027, including $100 million from longer laterals.The deal expands royalty EBITDA by $50 million, while CRGY targets 1.5x leverage by year-end 2027. Crescent Energy Company (CRGY - Free Report) is expanding its presence in the Eagle Ford shale through an agreement to acquire assets from Devon Energy Corporation (DVN - Free Report) for a net purchase price of approximately $3.85 billion. The transaction strengthens CRGY’s position in one of its core operating regions, adds high-quality oil-weighted production and creates opportunities to improve operational efficiency and generate higher free cash flow. The deal also expands the company’s royalty business, giving Crescent Energy greater control over future development and cash flow generation.
Strengthening Crescent Energy’s Eagle Ford PositionThe acquisition adds approximately 68,000 barrels of oil equivalent per day (boe/d) of production, nearly 40,000 barrels of oil per day and more than 600 Tier 1 net drilling locations in the Karnes Trough. The acquired assets include approximately 90,000 net acres across Karnes, DeWitt and Gonzales counties in Texas, directly adjacent to Crescent Energy’s existing operations.
Following the transaction, Crescent Energy, currently sporting a Zacks Rank #1 (Strong Buy), expects to become the second-largest operator in the Eagle Ford. The company’s existing royalty interests and long-standing operational presence in the region give it considerable familiarity with the acreage, geology and development potential. This should help streamline integration and support the application of its established operating strategy.
Operational Improvements to Drive SynergiesCrescent Energy plans to apply its proven strategy of acquiring high-quality assets and improving their performance through disciplined development and operational efficiencies. Management has identified approximately $140 million in annual synergy potential across drilling and completions (D&C), lease operating expenses (LOE) and marketing.
Development optimization represents a significant portion of the expected savings. Crescent Energy sees opportunities to increase lateral lengths, improve surface design and enhance completion efficiency, helping reduce well costs and improve capital productivity. Management expects approximately $100 million in annual synergies from longer lateral development alone.
The company anticipates capturing the full $140 million in annual synergies during 2027, with the savings reflected in its exit-year run rate. These improvements, combined with the acquired assets’ high-quality inventory, are expected to support higher margins, lower breakeven costs and stronger free cash flow generation.
Improving Capital Efficiency and Free Cash FlowThe transaction is aligned with Crescent Energy’s focus on maximizing free cash flow and investment returns rather than aggressively increasing drilling activity. Management intends to maintain activity at approximately the same level while using the larger asset base to improve capital efficiency.
Pro forma for the acquisition, Crescent Energy expects to produce approximately 400,000 boe/d, including around 170,000 barrels of oil per day. The company estimates that approximately $1.8 billion of annual development capital will support its production base, with a maintenance reinvestment rate roughly 5% lower than that of its standalone business.
The expanded portfolio is expected to provide approximately six years of inventory with breakeven costs below $50 per barrel, around 10 years below $60 per barrel and more than 15 years of total inventory life. This combination of high-quality drilling opportunities, lower capital intensity and improved margins could strengthen Crescent Energy’s ability to generate cash across commodity-price environments.
Crescent Royalties Gains Scale and Greater VisibilityThe acquisition also represents a major expansion of Crescent Royalties, as the transaction includes mineral interests owned by Devon, currently carrying a Zacks Rank #3 (Hold), that overlap substantially with Crescent Energy’s existing royalty holdings. The acquired royalties are expected to contribute approximately $50 million in incremental EBITDA.
Management indicated that the royalty business could grow from approximately $200 million in annual EBITDA to around $250 million in cash flow generation. More importantly, Crescent Energy expects to increase the proportion of its royalty portfolio it operates from roughly 10% to approximately 40%, improving its visibility into drilling schedules, future development and royalty cash flows.
The expanded platform could provide Crescent Energy with additional strategic flexibility as it evaluates ways to maximize the value of its mineral interests. Management has indicated that its evaluation of the minerals portfolio remains on the same or a faster timeline than previously outlined.
Financing and Debt Reduction Remain Key PrioritiesCrescent Energy expects to finance the approximately $3.85 billion net purchase price through a balanced combination of debt and equity, alongside available cash as appropriate. Long-term investor KKR has committed $500 million in support of the transaction, while Crescent Energy has also launched a public offering of common stock.
Management expects the acquisition to deliver returns exceeding its 2x multiple-on-invested-capital target, with a payback period of less than five years. However, the transaction will increase debt, making disciplined financing and post-acquisition deleveraging important priorities.
Crescent Energy intends to maintain its fixed dividend, preserve strong liquidity and direct excess free cash flow toward debt reduction. Additional commodity-price hedges are designed to support cash flow visibility during the initial deleveraging period. Based on current strip pricing, management targets leverage of approximately 1.5x by year-end 2027 and nearly 1x by year-end 2028.
The acquisition is expected to close in the fourth quarter of 2026 or early 2027, subject to customary closing conditions and required regulatory approvals.
A Strategic Expansion With Long-Term PotentialCrescent Energy’s agreement to acquire Devon’s Eagle Ford assets expands its production base, strengthens its position in a core basin and creates multiple avenues for operational and financial improvement. The expected synergies, improved capital efficiency and greater royalty operatorship could enhance free cash flow generation and support the company’s debt-reduction objectives.
While successful integration, synergy realization and financing execution remain important considerations, the transaction gives Crescent Energy an opportunity to build on its established Eagle Ford operating record. Its ability to improve the acquired assets while maintaining capital discipline will be central to realizing the deal’s anticipated long-term value.
Other Key PicksInvestors interested in the energy sector may consider some other top-ranked stocks like Drilling Tools International Corporation (DTI - Free Report) and Montauk Renewables, Inc. (MNTK - Free Report) , each sporting a Zacks Rank #1 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Drilling Tools International is a global oilfield services provider focused on supplying downhole tools used in horizontal and directional drilling. The Zacks Consensus Estimate for DTI’s 2026 revenues indicates 1.6% year-over-year growth.
Montauk Renewables is a fully integrated renewable energy company that specializes in the management, recovery and conversion of biogas into renewable energy. The Zacks Consensus Estimate for MNTK’s 2026 earnings indicates 1100% year-over-year growth.
Crescent Energy Company (âCrescentâ or the âCompanyâ) (NYSE: CRGY) today announced the pricing of an underwritten, public offering of 80,000,000 shares
HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (“Crescent” or the “Company”) (NYSE: CRGY) today announced the pricing of an underwritten, public offering of 80,000,000 shares of its Class A common stock, par value $0.0001 per share (“Class A common stock”), at a price to the public of $12.50 per share, pursuant to an effective shelf registration statement on Form S-3 (the “Registration Statement”) filed previously with the U.S. Securities and Exchange Commission (the “SEC”).The Company intend.
On October 08, 2026, Crescent Energy Co CRGY shares fell 3.4% to $13.01, continuing a trend that has seen the stock decline by 8.3% over the past month. The stock has fluctuated between a 52-week high of $15.47 and a low of $7.68 during this period.
GF Value™ verdict: Current price of $13.01 vs GF Value of $5.74, indicating a 126.7% overvaluation.GF Score™: 59/100, which suggests an average performance relative to its peers.Most notable signal: Insider activity shows a significant sell-off, with insiders having sold $402.5M worth of shares over the past 12 months without any buying activity.Is CRGY Overvalued or Undervalued?Crescent Energy Co CRGY is currently facing significant valuation challenges, as highlighted by its GF Value™ estimate of $5.74. This figure represents a stark contrast to the current market price of $13.01, suggesting that the stock is overvalued by 126.7%. The GF Value™ is GuruFocus' proprietary estimate of a company's intrinsic value, calculated using historical trading multiples, past business growth, and projected future performance. In the case of CRGY, this extreme reading serves as a directional warning to investors rather than a precise fair-value target, particularly due to the company's unprofitability and cash-flow negative status.
The valuation risk is compounded by the company's reliance on price-to-sales (P/S) ratios for assessment, given that earnings-based measures like the price-to-earnings (P/E) ratio are not applicable here. Historically, CRGY has traded at a P/S ratio around 0.4x. The current valuation being well above this historical median indicates a high risk of correction, particularly in a volatile market environment.
How Does CRGY's Valuation Compare to Its History?MetricCurrentHistoricalP/E (TTM)5.9x9.2xCRGY's current forward P/E ratio of 5.9x is notably below its 5-year median P/E of 9.2x. This disparity suggests that the stock is trading below its historical valuation metrics, which could indicate a potential for future upside should the company's financials improve. However, it should be noted that the P/E analysis does not fully align with the GF Value™ verdict, as it only reflects a portion of the overall financial picture.
What Does CRGY's GF Score™ Tell Us?The GF Score™ evaluates a company's performance across multiple dimensions, including financial strength, profitability, growth, valuation, and momentum. With a score of 59 out of 100, CRGY is categorized as average, indicating mixed performance across these areas. Its strongest sub-rank is in momentum, where it scores 9/10, suggesting recent positive price action, while its weakest area is in valuation, with a dismal 1/10, reflecting its significant overvaluation relative to its intrinsic value.
MetricRatingGF Score™59Financial Strength4/10Profitability5/10Growth4/10Valuation1/10Momentum9/10This combination of scores indicates that while CRGY demonstrates strong momentum, the underlying financial health and valuation metrics are concerning. The low valuation score reinforces the idea of a potential misalignment between the stock's price and its intrinsic value.
What Are Gurus and Insiders Doing with CRGY?Currently, 6 gurus hold positions in CRGY, with 4 actively adding to their stakes while 2 have trimmed their positions in recent quarters. This indicates a mixed sentiment among institutional investors, with some expressing confidence in the future prospects of the company. However, the significant insider selling, amounting to $402.5M over the past year without any buying activity, raises red flags about the internal confidence in the company’s future performance.
The absence of insider buying combined with the notable sell-off may suggest that those closest to the company do not see sufficient value at current price levels. This pattern often serves as a cautionary signal for potential investors, indicating that insiders may be anticipating challenges ahead.
What This Means for InvestorsConsidering the current valuation metrics and GF Value™ estimate, Crescent Energy Co CRGY appears to be significantly overvalued at its current price of $13.01. The reliance on historical price-to-sales ratios, combined with weak financial strength and valuation scores, suggests a high risk of a price correction. Investors should be aware of these valuation dynamics and proceed with caution when evaluating their positions in CRGY.
For more detailed insights and analysis, you can visit the Crescent Energy Co CRGY stock page for up-to-date information.
Frequently Asked QuestionsWhat is CRGY's GF Score™?
The GF Score™ for CRGY is 59/100, indicating average performance relative to its peers in key metrics.
Is CRGY overvalued or undervalued?
CRGY is considered overvalued, with a GF Value™ estimate of $5.74 compared to its current price of $13.01.
What is CRGY's P/E ratio?
The forward P/E ratio for CRGY is currently 5.9x, which is below its 5-year median P/E of 9.2x, indicating that the stock is trading at a lower valuation relative to its historical performance.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Disclosures I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.
Crescent Energy Company (CRGY) Discusses Acquisition of Eagle Ford Assets and Strategic Operational Expansion October 8, 2026 8:00 AM EDT
Company Participants
Reid Gallagher - Investor Relations Executive
David Rockecharlie - CEO & Director
Jerome Hall - Chief Operating Officer
Brandi Kendall - CFO, Investor Relations & Director
John Rynd - Executive Vice President of Investments
Conference Call Participants
Neal Dingmann - William Blair & Company L.L.C., Research Division
Noah Hungness - Wells Fargo Securities, LLC, Research Division
John Abbott - Wolfe Research, LLC
Phillip Jungwirth - BMO Capital Markets Equity Research
Timothy Rezvan - KeyBanc Capital Markets Inc., Research Division
Gabe Daoud - Truist Securities, Inc., Research Division
Hsu-Lei Huang - TPH Research
Charles Meade - Johnson Rice & Company, L.L.C., Research Division
Gregg Brody - BofA Securities, Research Division
Presentation
Operator
Hello, everyone. Thank you for joining us, and welcome to the Crescent Energy Conference Call. [Operator Instructions]
I will now hand the conference over to Reid Gallagher, Investor Relations. Reid, please go ahead.
Reid Gallagher
Investor Relations Executive
Thank you, operator, and good morning, everyone. We appreciate you joining us to discuss Crescent's announced acquisition. With me today are our CEO, David Rockecharlie; our COO, Joey Hall; and our CFO, Brandi Kendall. Our Executive Vice President of Investments, Clay Rynd, will also be available during Q&A. A replay of today's call will be available by webcast and accessible from our website.
Please note that the information reported on this call speaks only as of today, October 8, 2026, and therefore, time-sensitive information may no longer be accurate as of the time of the replay listening or transcript reading. In addition, the comments made by management during this conference call may contain forward-looking statements within the meaning of the United States federal securities laws. These forward-looking statements reflect the current views of Crescent's management. However, various risks, uncertainties and contingencies could cause our actual results, performance or achievements to
HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (“Crescent” or the “Company”) (NYSE: CRGY) today announced the commencement of an underwritten public offering of $1,000,000,000 of its Class A common stock, par value $0.0001 per share (“Class A common stock”), pursuant to an effective shelf registration statement on Form S-3 (the “Registration Statement”) filed previously with the U.S. Securities and Exchange Commission (the “SEC”). The Company intends to use the net proceeds it receives from.
HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY) (“Crescent” or the “Company”) today announced that it has entered into a definitive agreement to acquire Eagle Ford assets from Devon Energy for an estimated net purchase price of approximately $3.85 billion(1) (the “Transaction”). The Transaction solidifies Crescent's world-class Eagle Ford position, adding Tier 1 inventory and meaningful scale directly adjacent to its existing operations. The acquired assets will be managed with C.
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Crescent Energy (CRGY - Free Report) , which belongs to the Zacks Alternative Energy - Other industry, could be a great candidate to consider.
This oil and gas company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 26.42%.
For the last reported quarter, Crescent Energy came out with earnings of $0.69 per share versus the Zacks Consensus Estimate of $0.59 per share, representing a surprise of 16.95%. For the previous quarter, the company was expected to post earnings of $0.39 per share and it actually produced earnings of $0.53 per share, delivering a surprise of 35.90%.
Price and EPS Surprise
Thanks in part to this history, there has been a favorable change in earnings estimates for Crescent Energy lately. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Crescent Energy currently has an Earnings ESP of +11.44%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #1 (Strong Buy) indicates that another beat is possibly around the corner.
Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric.
Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Crescent Energy (CRGY - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Oils-Energy sector should help us answer this question.
Crescent Energy is one of 254 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #3 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Crescent Energy is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for CRGY's full-year earnings has moved 43.9% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, CRGY has moved about 61.6% on a year-to-date basis. At the same time, Oils-Energy stocks have gained an average of 31.4%. This shows that Crescent Energy is outperforming its peers so far this year.
Another stock in the Oils-Energy sector, Alvopetro Energy Ltd. (ALVOF - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 37.1%.
In Alvopetro Energy Ltd.'s case, the consensus EPS estimate for the current year increased 1.1% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Crescent Energy belongs to the Alternative Energy - Other industry, a group that includes 59 individual stocks and currently sits at #104 in the Zacks Industry Rank. This group has lost an average of 0.9% so far this year, so CRGY is performing better in this area. Alvopetro Energy Ltd. is also part of the same industry.
Investors with an interest in Oils-Energy stocks should continue to track Crescent Energy and Alvopetro Energy Ltd.. These stocks will be looking to continue their solid performance.
Here are three stocks with buy rank and strong value characteristics for investors to consider today, October 6:
Par Pacific Holdings, Inc. (PARR - Free Report) : This energy and infrastructure business carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 19.4% over the last 60 days.
Par Pacific has a price-to-earnings ratio (P/E) of 3.78, compared with 11.40 for the industry. The company possesses a Value Score of A.
Crescent Energy Company (CRGY - Free Report) : This explorer and producer of oil and natural gas carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 23.6% over the last 60 days.
Crescent Energy has a price-to-earnings ratio (P/E) of 4.83, compared with 22.45 for the S&P 500. The company possesses a Value Score of A.
APA Corporation (APA - Free Report) : This independent energy company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 17.9% over the last 60 days.
APA has a price-to-earnings ratio (P/E) of 7.53, compared with 22.45 for the S&P 500. The company possesses a Value Score of A.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Learn more about the Value score and how it is calculated here.
Crescent Energy (CRGY - Free Report) closed the most recent trading day at $13.56, moving +1.27% from the previous trading session. This change outpaced the S&P 500's 0.66% gain on the day. Meanwhile, the Dow experienced a rise of 0.18%, and the technology-dominated Nasdaq saw an increase of 1.05%.
The stock of oil and gas company has fallen by 2.76% in the past month, lagging the Oils-Energy sector's loss of 2.73% and the S&P 500's gain of 0.55%.
Investors will be eagerly watching for the performance of Crescent Energy in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.5, reflecting a 42.86% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.15 billion, up 32.46% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.78 per share and a revenue of $4.91 billion, representing changes of +54.44% and +37.13%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Crescent Energy. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 24.63% higher. Right now, Crescent Energy possesses a Zacks Rank of #3 (Hold).
Investors should also note Crescent Energy's current valuation metrics, including its Forward P/E ratio of 4.83. Its industry sports an average Forward P/E of 17.21, so one might conclude that Crescent Energy is trading at a discount comparatively.
The Alternative Energy - Other industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 107, finds itself in the top 44% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
Crescent Energy (CRGY - Free Report) closed at $12.98 in the latest trading session, marking a -1.29% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.77% for the day. Elsewhere, the Dow saw a downswing of 0.67%, while the tech-heavy Nasdaq depreciated by 0.92%.
Coming into today, shares of the oil and gas company had lost 2.88% in the past month. In that same time, the Oils-Energy sector gained 1.13%, while the S&P 500 gained 0.96%.
Analysts and investors alike will be keeping a close eye on the performance of Crescent Energy in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.51, indicating a 45.71% growth compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $1.15 billion, showing a 32.62% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $2.78 per share and a revenue of $4.91 billion, demonstrating changes of +54.44% and +37.13%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Crescent Energy. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 24.63% higher. Currently, Crescent Energy is carrying a Zacks Rank of #3 (Hold).
Looking at its valuation, Crescent Energy is holding a Forward P/E ratio of 4.74. This denotes a discount relative to the industry average Forward P/E of 17.61.
The Alternative Energy - Other industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 93, placing it within the top 38% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores? The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth ScoreGrowth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +23.8% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Crescent Energy (CRGY - Free Report) Crescent Energy Company is a U.S. onshore oil and gas producer focused on three major basins: the Eagle Ford in Texas, the Permian in Texas and New Mexico, and the Uinta in Utah. It also owns minerals and royalty interests across leading U.S. oil and gas areas, mainly in the Eagle Ford. These royalty interests give Crescent a share of production revenue without requiring it to fund day-to-day drilling and operating costs on those wells.
CRGY is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Additionally, the company could be a top pick for growth investors. CRGY has a Growth Style Score of A, forecasting year-over-year earnings growth of 54.4% for the current fiscal year.
One analyst revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.53 to $2.78 per share. CRGY boasts an average earnings surprise of +36.1%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, CRGY should be on investors' short list.
Quarterly financial reports play a vital role on Wall Street, as they help investors see how a company has performed and what might be coming down the road in the near-term. And out of all of the metrics and results to consider, earnings is one of the most important.
We know earnings results are vital, but how a company performs compared to bottom line expectations can be even more important when it comes to stock prices, especially in the near-term. This means that investors might want to take advantage of these earnings surprises.
Now that we know how important earnings and earnings surprises are, it's time to show investors how to take advantage of these events to boost their returns by utilizing the Zacks Earnings ESP filter.
The Zacks Earnings ESP, ExplainedThe Zacks Expected Surprise Prediction, or ESP, works by locking in on the most up-to-date analyst earnings revisions because they can be more accurate than estimates from weeks or even months before the actual release date. The thinking is pretty straightforward: analysts who provide earnings estimates closer to the report are likely to have more information.
With this in mind, the Expected Surprise Prediction compares the Most Accurate Estimate (being the most recent) against the overall Zacks Consensus Estimate. The percentage difference provides the ESP figure. The system also utilizes our core Zacks Rank to provide a stronger system for identifying stocks that might beat their next quarterly earnings estimate and possibly see the stock price climb.
When we join a positive earnings ESP with a Zacks Rank #3 (Hold) or stronger, stocks posted a positive bottom-line surprise 70% of the time. Plus, this system saw investors produce roughly 28% annual returns on average, according to our 10 year backtest.
Stocks with a ranking of #3 (Hold), or 60% of all stocks covered by the Zacks Rank, are expected to perform in-line with the broader market. Stocks with rankings of #2 (Buy) and #1 (Strong Buy), or the top 15% and top 5% of stocks, respectively, should outperform the market; Strong Buy stocks should outperform more than any other rank.
Should You Consider Nextpower?The last thing we will do today, now that we have a grasp on the ESP and how powerful of a tool it can be, is to quickly look at a qualifying stock. Nextpower (NXT - Free Report) holds a #3 (Hold) at the moment and its Most Accurate Estimate comes in at $1.15 a share 30 days away from its upcoming earnings release on October 22, 2026.
Nextpower's Earnings ESP sits at +3.23%, which, as explained above, is calculated by taking the percentage difference between the $1.15 Most Accurate Estimate and the Zacks Consensus Estimate of $1.11. NXT is also part of a large group of stocks that boast a positive ESP. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
NXT is just one of a large group of Oils and Energy stocks with a positive ESP figure. Crescent Energy (CRGY - Free Report) is another qualifying stock you may want to consider.
Slated to report earnings on November 2, 2026, Crescent Energy holds a #3 (Hold) ranking on the Zacks Rank, and its Most Accurate Estimate is $0.57 a share 41 days from its next quarterly update.
Crescent Energy's Earnings ESP figure currently stands at +0.89% after taking the percentage difference between its Most Accurate Estimate and its Zacks Consensus Estimate of $0.56.
NXT and CRGY's positive ESP metrics may signal that a positive earnings surprise for both stocks is on the horizon.
Find Stocks to Buy or Sell Before They're ReportedUse the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Check it out here >>
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth ScoreGrowth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +23.8% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Crescent Energy (CRGY - Free Report) Crescent Energy Company is a U.S. onshore oil and gas producer focused on three major basins: the Eagle Ford in Texas, the Permian in Texas and New Mexico, and the Uinta in Utah. It also owns minerals and royalty interests across leading U.S. oil and gas areas, mainly in the Eagle Ford. These royalty interests give Crescent a share of production revenue without requiring it to fund day-to-day drilling and operating costs on those wells.
CRGY is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Momentum investors should take note of this Oils-Energy stock. CRGY has a Momentum Style Score of A, and shares are up 7.2% over the past four weeks.
One analyst revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.11 to $2.57 per share. CRGY boasts an average earnings surprise of +36.1%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, CRGY should be on investors' short list.
Crescent Energy (CRGY - Free Report) closed the most recent trading day at $14.40, moving -6.31% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.45% for the day. On the other hand, the Dow registered a loss of 1.21%, and the technology-centric Nasdaq decreased by 0.01%.
Prior to today's trading, shares of the oil and gas company had gained 18.69% outpaced the Oils-Energy sector's gain of 3.72% and the S&P 500's loss of 2.43%.
Analysts and investors alike will be keeping a close eye on the performance of Crescent Energy in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.56, showcasing a 60% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $1.2 billion, showing a 38.04% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.57 per share and revenue of $4.98 billion. These totals would mark changes of +42.78% and +39.19%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Crescent Energy. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been a 4.66% rise in the Zacks Consensus EPS estimate. Currently, Crescent Energy is carrying a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Crescent Energy has a Forward P/E ratio of 5.99 right now. This indicates a discount in contrast to its industry's Forward P/E of 17.92.
The Alternative Energy - Other industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 98, finds itself in the top 40% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
Crescent Energy (CRGY - Free Report) closed at $14.41 in the latest trading session, marking a +1.19% move from the prior day. This move outpaced the S&P 500's daily loss of 0.59%. At the same time, the Dow lost 0.6%, and the tech-heavy Nasdaq lost 0.65%.
The oil and gas company's stock has climbed by 18.08% in the past month, exceeding the Oils-Energy sector's gain of 9.15% and the S&P 500's loss of 1.37%.
The investment community will be paying close attention to the earnings performance of Crescent Energy in its upcoming release. The company is expected to report EPS of $0.59, up 68.57% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.21 billion, up 40.1% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.53 per share and revenue of $4.94 billion, indicating changes of +40.56% and +37.98%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Crescent Energy should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. At present, Crescent Energy boasts a Zacks Rank of #3 (Hold).
Looking at its valuation, Crescent Energy is holding a Forward P/E ratio of 5.64. This valuation marks a discount compared to its industry average Forward P/E of 17.86.
The Alternative Energy - Other industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 94, putting it in the top 39% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
It has been about a month since the last earnings report for Crescent Energy (CRGY - Free Report) . Shares have added about 24.7% in that time frame, outperforming the S&P 500.
But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Crescent Energy due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its latest earnings report in order to get a better handle on the important drivers.
Crescent Q2 Earnings and Revenues Beat Estimates, Rise Y/YCrescent Energy Company reported second-quarter 2026 adjusted earnings of 69 cents per share, beating the Zacks Consensus Estimate of 59 cents by 16.95%. The bottom line also increased from the year-ago adjusted earnings of 43 cents. The outperformance was supported by strong production, higher oil realizations and continued operating efficiencies.
The Houston, TX-based oil and gas exploration and production company’s revenues of $1.4 billion beat the Zacks Consensus Estimate of $1.22 billion by 13.2%. The top line also increased sharply from $898 million in the year-ago quarter.
The quarter was marked by solid production, lower operating costs and record cash generation. Crescent produced 335 thousand barrels of oil equivalent per day (MBoe/d), which beat our consensus mark of 331 MBoe/d, while adjusted operating expenses were about 9% below the prior annual guidance midpoint.
Production Base Remains StrongTotal production averaged 335 MBoe/d, up from 263 MBoe/d in the year-ago quarter. Oil production increased to 140 thousand barrels per day (MBbls/d) from 108 MBbls/d. The figure was also above our consensus estimate of 136 MBbls/d.
Natural gas production rose to 715 million cubic feet per day (MMcf/d) from 644 MMcf/d, while NGL production increased to 76 MBbls/d from 48 MBbls/d. Natural gas production was 2.5% below our consensus estimate, while NGL production was 7.6% above our consensus estimate.
During the quarter, Crescent drilled 43 gross operated wells and brought 32 gross operated wells online. Capital expenditures, excluding acquisitions, totaled $284 million.
Crescent's Permian Momentum AcceleratesCrescent continued to make progress in the Permian, where it has moved from the stabilization phase following the acquisition into optimization.
Permian production totaled 124 MBoe/d, with oil accounting for 42% of volumes. Capital spending in the basin was $104 million. Crescent drilled nine gross wells and turned 12 gross wells in line during the quarter.
The company increased its Permian synergy target to $250-$300 million, roughly three times the original target of $90-$100 million. Approximately $190 million of annualized synergies have already been captured.
The gains are being driven by lower well and operating costs, improved workover and artificial-lift programs, better field operations and commercial optimization. Management expects a large portion of the updated synergy target to be captured as the company exits 2026 and moves into 2027.
Eagle Ford Operations Stay EfficientThe Eagle Ford business produced 169 MBoe/d, with oil representing 39% of volumes. Capital spending totaled $147 million. Crescent drilled 26 gross wells and brought 16 gross wells online during the quarter.
Operational efficiencies remain a key driver in the basin. Well costs have declined more than 25% since 2023, while workover and artificial-lift optimization are supporting base production. CRGY is also seeing encouraging results from the Austin Chalk, which could expand its economic drilling inventory.
Sees Further Cost Gains in UintaCRGY continued to improve drilling and completion efficiency in the Uinta Basin. Year-to-date drilling efficiency increased to roughly 1,600 feet per day from about 1,300 feet in the 2025 program. Completion efficiency increased to approximately 3,000 lateral feet per day from about 1,600 feet.
Simulfrac utilization reached 100% of gross wells turned in line, while drilling, completion and facilities costs declined to below $800 per foot from approximately $950 in the 2025 program.
These efficiencies are helping CRGY lower development costs and improve returns across its portfolio.
Revenue Mix Benefits From OilOil remained the largest revenue contributor at $1.23 billion, more than doubling from $602.5 million in the year-ago quarter. The figure was also above our consensus estimate by 18.9%.
Natural gas revenues declined to $33.8 million from $159 million, while NGL revenues increased to $129.4 million from $98.1 million. Midstream and other revenues totaled $5 million compared with $38.4 million a year earlier. Natural gas revenues declined 61.2%, and NGL revenues declined 5.8%, while Midstream and other revenues declined 17% compared with our consensus estimates.
Average realized oil prices before derivative settlements were $96.61 per barrel, up significantly from $61.47 a year ago. Natural gas realizations, however, declined to 52 cents per Mcf from $2.71. NGL prices fell to $18.67 per barrel from $22.59.
The company's total realized price before derivative settlements increased to $45.63 per Boe from $35.96 a year ago.
Cash Flow & Balance SheetCRGY generated record adjusted EBITDAX of $798 million, up from $513.9 million in the year-ago quarter. Levered free cash flow reached a record $418 million, while operating cash flow totaled a record $707 million.
The company ended June with approximately $2.2 billion of liquidity. Total debt was approximately $5.17 billion, while net debt stood at $4.9 billion. Consolidated net leverage was 1.6 times.
CRGY further strengthened its balance sheet in July by redeeming the remaining $259 million of its 7.75% senior notes due 2029 at par. The transaction reduced interest expense and eliminated the company's nearest debt maturity. Pro forma liquidity following the redemption was expected to remain around $2 billion.
CRGY's board of directors declared a fixed quarterly dividend of 12 cents per share. As of June 30, CRGY had approximately $336 million remaining under its share-repurchase authorization.
Minerals Business Adds Cash FlowThe minerals and royalties business produced 13 MBoe/d, more than doubling from 6 MBoe/d in the prior-year quarter. Oil production from the business increased to 6 MBbls/d from 2 MBbls/d. Average realized prices before derivatives totaled $51.45 per Boe, compared with $34.95 a year earlier. Operating expenses were $4.26 per Boe compared with $5.40 in the prior-year period. The business generated $49.4 million of adjusted EBITDAX during the quarter compared with $15.9 million a year earlier.
Raises 2026 OutlookThe company raised its 2026 total production guidance to 327-335 MBoe/d from 320-335 MBoe/d. The expected oil mix remains 40-42%. The company lowered adjusted operating expense guidance to $11-$12 per Boe from $11.50-$12.50. Production tax guidance was reduced to 5-6% of commodity revenues from 6-7%.
Crescent maintained its development capital guidance at $1.325-$1.425 billion, despite the higher production outlook. The combination of increased volumes and lower operating costs is expected to support additional free cash flow.
At current commodity prices, management expects to generate more than $1 billion of levered free cash flow in 2026. Crescent intends to use its financial flexibility to maintain the dividend, reduce debt and pursue accretive acquisitions or opportunistic share repurchases.
How Have Estimates Been Moving Since Then?It turns out, estimates review have trended upward during the past month.
The consensus estimate has shifted 12.5% due to these changes.
VGM ScoresAt this time, Crescent Energy has a strong Growth Score of A, though it is lagging a lot on the Momentum Score front with a C. However, the stock was allocated a grade of A on the value side, putting it in the top 20% for value investors.
Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been trending upward for the stock, and the magnitude of these revisions looks promising. Interestingly, Crescent Energy has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry PlayerCrescent Energy belongs to the Zacks Alternative Energy - Other industry. Another stock from the same industry, Expand Energy (EXE - Free Report) , has gained 7.4% over the past month. More than a month has passed since the company reported results for the quarter ended June 2026.
Expand Energy reported revenues of $1.83 billion in the last reported quarter, representing a year-over-year change of -9.5%. EPS of $1.33 for the same period compares with $1.10 a year ago.
Expand Energy is expected to post earnings of $1.41 per share for the current quarter, representing a year-over-year change of +45.4%. Over the last 30 days, the Zacks Consensus Estimate has changed -4.4%.
Expand Energy has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of B.
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth ScoreGrowth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM ScoreIf you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +23.8% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Crescent Energy (CRGY - Free Report) Crescent Energy Company is a U.S. onshore oil and gas producer focused on three major basins: the Eagle Ford in Texas, the Permian in Texas and New Mexico, and the Uinta in Utah. It also owns minerals and royalty interests across leading U.S. oil and gas areas, mainly in the Eagle Ford. These royalty interests give Crescent a share of production revenue without requiring it to fund day-to-day drilling and operating costs on those wells.
CRGY is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Momentum investors should take note of this Oils-Energy stock. CRGY has a Momentum Style Score of A, and shares are up 18.1% over the past four weeks.
Two analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.10 to $2.53 per share. CRGY also boasts an average earnings surprise of +36.1%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, CRGY should be on investors' short list.
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores? The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +23.8% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Crescent Energy (CRGY - Free Report) Crescent Energy Company is a U.S. onshore oil and gas producer focused on three major basins: the Eagle Ford in Texas, the Permian in Texas and New Mexico, and the Uinta in Utah. It also owns minerals and royalty interests across leading U.S. oil and gas areas, mainly in the Eagle Ford. These royalty interests give Crescent a share of production revenue without requiring it to fund day-to-day drilling and operating costs on those wells.
CRGY is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Additionally, the company could be a top pick for growth investors. CRGY has a Growth Style Score of A, forecasting year-over-year earnings growth of 40.6% for the current fiscal year.
Two analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.10 to $2.53 per share. CRGY boasts an average earnings surprise of +36.1%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, CRGY should be on investors' short list.
Key Takeaways Crescent Energy raised 2026 production guidance while holding development capital at $1.325-$1.425B.Lower operating expenses and production taxes create a direct path to incremental free cash flow.CRGY lifted its Permian synergy target to $250-$300M, with most savings expected during 2026. Crescent Energy Company (CRGY - Free Report) raised its 2026 production outlook while leaving development capital unchanged, a combination that points to better capital efficiency. Lower operating-cost guidance adds another potential source of free cash flow.
The more consequential change may be in the Permian, where Crescent sharply increased its synergy target after faster-than-expected capture. Those savings could deepen the cash-flow benefit as integration shifts from stabilization to optimization.
CRGY Raises Production Without Raising CapitalCrescent now expects 2026 production of 327-335 thousand barrels of oil equivalent per day, up from 320-335 thousand previously. Its expected oil mix remains 40%-42%.
Development capital is still projected at $1.325-$1.425 billion. Raising expected output without increasing that budget indicates better capital efficiency, giving Crescent a path to more production from the same planned spending range.
Image Source: Crescent Energy Company
Crescent Cuts Its Operating Cost OutlookAdjusted operating expense guidance fell to $11-$12 per barrel of oil equivalent from $11.50-$12.50. Crescent also lowered production tax guidance to 5%-6% of commodity revenues from 6%-7%.
Second-quarter adjusted operating expense was $10.95 per barrel of oil equivalent, about 9% below the prior annual guidance midpoint. Combined with the higher production range, the lower cost outlook creates a direct route to incremental free cash flow without a larger development budget.
CRGY Triples Its Original Permian Synergy TargetCrescent raised its Permian synergy target to $250-$300 million from an original $90-$100 million range after capturing about $190 million of annualized synergies. Well costs are running about 20%-25% below the prior operator, with operational, infrastructure and commercial optimization contributing to the savings.
Image Source: Crescent Energy Company
Permian Resources Corporation (PR - Free Report) is an independent oil and natural gas producer with operations concentrated in the core of the Delaware Basin. Diamondback Energy, Inc. (FANG - Free Report) focuses on unconventional onshore oil and natural gas reserves in the Permian Basin in West Texas. Both provide relevant operating context for Crescent’s drive to lower Permian development costs.
Crescent’s Cash Flow Could Benefit Into 2027Management expects to realize most of the revised Permian synergy target during 2026, with incremental cash-flow upside extending into 2027. That timing suggests the integration benefits are not limited to the current year.
At current commodity prices, Crescent expects more than $1 billion of levered free cash flow in 2026. That cash generation can support debt reduction, the $0.12 quarterly dividend and opportunistic share repurchases, while preserving flexibility for accretive acquisitions.
CRGY’s Hold Signal Keeps Expectations GroundedThe revised outlook strengthens the cash-flow setup, but execution remains important. Crescent still must capture the remaining Permian savings, and further efficiency gains may become harder to repeat as the easiest improvements are realized.
CRGY currently carries a Zacks Rank #3 (Hold). Its Zacks Style Scores include a Value Score of A, Growth Score of A, VGM Score of A and Momentum Score of B. Those favorable scores point to attractive value, growth and momentum characteristics, but the Style Scores complement rather than override the Zacks Rank. The combination supports a measured view while investors watch whether lower costs and Permian efficiencies prove durable.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +23.94% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Crescent Energy (CRGY - Free Report) Crescent Energy Company is a U.S. onshore oil and gas producer focused on three major basins: the Eagle Ford in Texas, the Permian in Texas and New Mexico, and the Uinta in Utah. It also owns minerals and royalty interests across leading U.S. oil and gas areas, mainly in the Eagle Ford. These royalty interests give Crescent a share of production revenue without requiring it to fund day-to-day drilling and operating costs on those wells.
CRGY is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Momentum investors should take note of this Oils-Energy stock. CRGY has a Momentum Style Score of A, and shares are up 24.1% over the past four weeks.
One analyst revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.05 to $2.53 per share. CRGY boasts an average earnings surprise of +36.1%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, CRGY should be on investors' short list.
Crescent Energy is managed by KKR. CRGY's accretive acquisitions and operational efficiencies are expected to deliver sustained cost reductions and economies of scale. This is a weighted average process. Benefits are likely to materialize over several years and potentially outlast current high commodity prices. The second quarter is just the start.
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth ScoreGrowth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +23.94% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Crescent Energy (CRGY - Free Report) Crescent Energy Company is a U.S. onshore oil and gas producer focused on three major basins: the Eagle Ford in Texas, the Permian in Texas and New Mexico, and the Uinta in Utah. It also owns minerals and royalty interests across leading U.S. oil and gas areas, mainly in the Eagle Ford. These royalty interests give Crescent a share of production revenue without requiring it to fund day-to-day drilling and operating costs on those wells.
CRGY is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Additionally, the company could be a top pick for growth investors. CRGY has a Growth Style Score of A, forecasting year-over-year earnings growth of 40.6% for the current fiscal year.
For fiscal 2026, one analyst revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.05 to $2.53 per share. CRGY boasts an average earnings surprise of +36.1%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, CRGY should be on investors' short list.
Key Takeaways Crescent Energy delivered 335 MBoe/d of production, up from 263 MBoe/d a year ago.Permian synergies rose to $250-$300 million, with about $190 million already captured.Crescent raised 2026 production guidance while cutting operating expense and production tax targets. Crescent Energy Company (CRGY - Free Report) reported second-quarter 2026 adjusted earnings of 63 cents per share, beating the Zacks Consensus Estimate of 45 cents by 40%. The bottom line also increased from the year-ago adjusted earnings of 43 cents. The outperformance was supported by strong production, higher oil realizations and continued operating efficiencies.
Houston, TX-based oil and gas exploration and production company’s revenues of $1.4 billion beat the Zacks Consensus Estimate of $1.22 billion by 14.25%. The top line also increased sharply from $898 million in the year-ago quarter.
The quarter was marked by solid production, lower operating costs and record cash generation. Crescent produced 335 thousand barrels of oil equivalent per day (MBoe/d), which beat our consensus mark of 331 MBoe/d, while adjusted operating expenses were about 9% below the prior annual guidance midpoint.
CRGY's Production Base Remains StrongTotal production averaged 335 MBoe/d, up from 263 MBoe/d in the year-ago quarter. Oil production increased to 140 thousand barrels per day (MBbls/d) from 108 MBbls/d. The figure was also above our consensus estimate of 136 MBbls/d.
Natural gas production rose to 715 million cubic feet per day (MMcf/d) from 644 MMcf/d, while NGL production increased to 76 MBbls/d from 48 MBbls/d. Natural gas production was 2.5% below our consensus estimate, while NGL production was 7.6% above our consensus estimate.
During the quarter, Crescent drilled 43 gross operated wells and brought 32 gross operated wells online. Capital expenditures, excluding acquisitions, totaled $284 million.
Crescent's Permian Momentum AcceleratesCrescent continued to make progress in the Permian, where it has moved from the stabilization phase following the acquisition into optimization.
Permian production totaled 124 MBoe/d, with oil accounting for 42% of volumes. Capital spending in the basin was $104 million. Crescent drilled nine gross wells and turned 12 gross wells in line during the quarter.
Importantly, the company increased its Permian synergy target to $250-$300 million, roughly three times the original target of $90-$100 million. Approximately $190 million of annualized synergies have already been captured.
The gains are being driven by lower well and operating costs, improved workover and artificial-lift programs, better field operations and commercial optimization. Management expects a large portion of the updated synergy target to be captured as the company exits 2026 and moves into 2027.
CRGY's Eagle Ford Operations Stay EfficientThe Eagle Ford business produced 169 MBoe/d, with oil representing 39% of volumes. Capital spending totaled $147 million. Crescent drilled 26 gross wells and brought 16 gross wells online during the quarter.
Operational efficiencies remain a key driver in the basin. Well costs have declined more than 25% since 2023, while workover and artificial-lift optimization are supporting base production. CRGY is also seeing encouraging results from the Austin Chalk, which could expand its economic drilling inventory.
CRGY Sees Further Cost Gains in UintaCRGY continued to improve drilling and completion efficiency in the Uinta Basin. Year-to-date drilling efficiency increased to roughly 1,600 feet per day from about 1,300 feet in the 2025 program. Completion efficiency increased to approximately 3,000 lateral feet per day from about 1,600 feet.
Simulfrac utilization reached 100% of gross wells turned in line, while drilling, completion and facilities costs declined to below $800 per foot from approximately $950 in the 2025 program.
These efficiencies are helping CRGY lower development costs and improve returns across its portfolio.
CRGY 's Revenue Mix Benefits From OilOil remained the largest revenue contributor at $1.23 billion,more than doubling from $602.5 million in the year-ago quarter. The figure was also above our consensus estimate by 18.9%.
Natural gas revenues declined to $33.8 million from $159 million, while NGL revenues increased to $129.4 million from $98.1 million. Midstream and other revenues totaled $5 million compared with $38.4 million a year earlier. Natural gas revenues declined 61.2%, and NGL revenues declined 5.8%, while Midstream and other revenues declined 17% compared with our Consensus estimates.
Average realized oil prices before derivative settlements were $96.61 per barrel, up significantly from $61.47 a year ago. Natural gas realizations, however, declined to 52 cents per Mcf from $2.71. NGL prices fell to $18.67 per barrel from $22.59.
The company's total realized price before derivative settlements increased to $45.63 per Boe from $35.96 a year ago.
CRGY's Cash Flow & Balance SheetCRGY generated record adjusted EBITDAX of $798 million, up from $513.9 million in the year-ago quarter. Levered free cash flow reached a record $418 million, while operating cash flow totaled a record $707 million.
The company ended June with approximately $2.2 billion of liquidity. Total debt was approximately $5.17 billion, while net debt stood at $4.9 billion. Consolidated net leverage was 1.6 times.
CRGY further strengthened its balance sheet in July by redeeming the remaining $259 million of its 7.75% senior notes due 2029 at par. The transaction reduced interest expense and eliminated the company's nearest debt maturity. Pro forma liquidity following the redemption was expected to remain around $2 billion.
CRGY's board of directors declared a fixed quarterly dividend of 12 cents per share. As of June 30, CRGY had approximately $336 million remaining under its share-repurchase authorization.
CRGY's Minerals Business Adds Cash FlowThe minerals and royalties business produced 13 MBoe/d, more than doubling from 6 MBoe/d in the prior-year quarter. Oil production from the business increased to 6 MBbls/d from 2 MBbls/d. Average realized prices before derivatives totaled $51.45 per Boe, compared with $34.95 a year earlier. Operating expenses were $4.26 per Boe compared with $5.40 in the prior-year period. The business generated $49.4 million of adjusted EBITDAX during the quarter compared with $15.9 million a year earlier.
CRGY Raises 2026 OutlookThis Zacks Rank #3 (Hold) company raised its 2026 total production guidance to 327-335 MBoe/d from 320-335 MBoe/d. The expected oil mix remains 40-42%. The company lowered adjusted operating expense guidance to $11-$12 per Boe from $11.50-$12.50. Production tax guidance was reduced to 5-6% of commodity revenues from 6-7%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Importantly, Crescent maintained its development capital guidance at $1.325-$1.425 billion, despite the higher production outlook. The combination of increased volumes and lower operating costs is expected to support additional free cash flow.
At current commodity prices, management expects to generate more than $1 billion of levered free cash flow in 2026. Crescent intends to use its financial flexibility to maintain the dividend, reduce debt and pursue accretive acquisitions or opportunistic share repurchases.
Important Earnings at a GlanceWhile we have discussed CRGY’s second-quarter results in detail, let us take a look at three other key reports in this space.
San Antonio, TX-based oil and gas refining and marketing service provider, Valero Energy Corporation (VLO - Free Report) , reported second-quarter 2025 adjusted earnings of $2.28 per share, which beat the Zacks Consensus Estimate of $1.73. However, the bottom line declined from the year-ago quarter’s level of $2.71. The better-than-expected quarterly results can be attributed to an increase in refining margins per barrel of throughput and lower total cost of sales. The positives were partially offset by a decline in refining throughput volumes and renewable diesel sales volumes.
The company had cash and cash equivalents of $4.5 billion at the end of the second quarter. As of June 30, 2025, it had a total debt of $8.4 billion and finance-lease obligations of $2.3 billion.
Houston, TX-based oil and gas equipment and services provider, Halliburton Company (HAL - Free Report) , reported second-quarter 2025 adjusted net income of 55 cents per share, which was in line with the Zacks Consensus Estimate but below the year-ago quarter’s profit of 80 cents (adjusted). The numbers reflect softer activity in the North American region, partly offset by international growth.
As of June 30, 2025, the company had approximately $2 billion in cash/cash equivalents and $7.2 billion in long-term debt, representing a debt-to-capitalization ratio of 40.4. Halliburton reported second-quarter capital expenditure of $354 million, up from our projection of $338.2 million.
Norway-based integrated oil and gas operator, Equinor ASA (EQNR - Free Report) , reported second-quarter 2025 adjusted earnings per share of 64 cents, which missed the Zacks Consensus Estimate of 66 cents. The bottom line declined 25% from the year-ago quarter’s level of 84 cents. Weak quarterly results can be attributed to lower liquids production across major segments and reduced liquids prices. Natural declines and portfolio divestments in Nigeria and Azerbaijan also contributed to the decrease in overall production.
As of June 30, 2025, the company reported $9,472 million in cash and cash equivalents. Its long-term debt was $24,505 million. During the same time, Equinor generated a negative net cash flow of $2,579 million compared with $4,022 million in the year-ago period. Equinor’s capital expenditures amounted to $3.4 billion in the second quarter.
Crescent Energy remains a Strong Buy, with valuation deeply disconnected from robust free cash flow and synergy realization. CRGY beat Q2 expectations, raised 2026 production guidance, cut operating costs, and nearly tripled Permian synergy targets to $250–$300 million. Despite oil price volatility and geopolitical risks, CRGY's conservative DCF suggests intrinsic value near $21.84 per share, nearly double current levels.
Key Takeaways CRGY raised 2026 production guidance after Q2 output hit 335,000 boe/d and free cash flow reached $418M.CRGY lifted Permian synergies to $250-$300M, with most savings expected by late 2026 or early 2027.CRGY sees more than $1B in 2026 levered free cash flow, with rapid deleveraging still the near-term priority. Crescent Energy Company (CRGY - Free Report) centered its second-quarter 2026 earnings call on higher production, lower costs and sharply expanded Permian synergies without a higher development budget. Management also tied stronger free cash flow to faster deleveraging.
Attention now shifts to how quickly the savings reach results, how production trends through the second half and whether Crescent Energy-led development changes improve the 2027 setup.
CRGY Raises the 2026 Operating BarIn the second quarter of 2026, CRGY’s adjusted EPS of $0.69 topped the Zacks Consensus Estimate of $0.59. Revenues of $1.39 billion also beat the $1.23 billion consensus, providing supporting financial context.
Second-quarter execution produced 335,000 barrels of oil equivalent per day, including 140,000 barrels of oil per day, while levered free cash flow reached a record $418 million.
CFO Brandi Kendall raised 2026 total production guidance to 327,000-335,000 barrels of oil equivalent per day, also lifted oil guidance and lowered adjusted operating expense guidance to $11-$12 per barrel. Development capital remained $1.325-$1.425 billion.
Crescent Energy Triples Permian Synergy TargetCEO David Rockecharlie said Crescent Energy has captured about $190 million of annualized Permian synergies and raised the target to $250-$300 million, roughly three times the original $90-$100 million range.
The CEO attributed the increase to operating, infrastructure and commercial improvements. Permian well costs are about 20%-25% below the prior operator’s levels, while field planning, workovers and marketing terms continue to improve.
Kendall said during Q&A that Crescent Energy expects to capture most of the new target as 2026 ends and 2027 begins. She also identified additional 2027 cash flow benefits as the savings are realized.
CRGY Extends the Cost PlaybookRockecharlie said Eagle Ford well costs improved about 5% year over year and now stand more than 25% below 2023 levels. In the Uinta, development costs fell nearly 20% to below $800 per foot.
Chief operating officer Jerome Hall detailed the work behind those gains, including longer laterals, more wells per pad, better workover planning, smaller electric submersible pumps and tighter vendor consolidation.
Hall also highlighted lower chemical use, compression optimization and route planning. His comments framed the savings as repeatable field-level actions rather than a single cost-cutting program.
Crescent Energy Keeps Deleveraging FirstKendall said Crescent Energy expects more than $1 billion of levered free cash flow in 2026 at current commodity prices, providing flexibility for debt reduction, acquisitions and share repurchases.
Crescent Energy redeemed the remaining $259 million of its 2029 senior notes at par after the quarter. It ended June with about $2.2 billion of liquidity and declared a 12-cent quarterly dividend.
When a Stephens analyst asked about capital priorities, Kendall said the near-term focus remains rapid deleveraging. She emphasized that debt repayment, repurchases and drilling must compete for each incremental dollar.
CRGY Q&A Sets the Back-Half CadenceA JPMorgan analyst asked about second-half production. Kendall said oil volumes should move into the mid-130,000-barrel-per-day range in the third quarter as completion timing and a shift toward three-mile Permian laterals affect the cadence.
A Pickering Energy Partners analyst asked whether capital spending would land near the upper end of guidance. Kendall instead directed expectations toward the midpoint, with third- and fourth-quarter spending expected to be relatively even.
A Wolfe Research analyst pressed management on the base decline rate. Hall maintained the target of reducing it from 29% to 25% in 2027 through artificial-lift optimization, compression improvements and technology across more than 8,000 wells.
Crescent Energy Stays Focused on Internal ReturnsRockecharlie’s closing emphasis remained on returns, free cash flow and improving acquired assets. He also pointed to resource expansion across the Permian, Eagle Ford and Uinta as a longer-term inventory opportunity.
Kendall kept the priorities unchanged: protect the dividend, strengthen the balance sheet and direct excess cash toward the highest-return alternatives. The tone was confident on execution while disciplined on spending.
What the Zacks Signals Say About CRGYCRGY currently carries a Zacks Rank #3 (Hold), indicating a neutral near-term estimate-revision signal. Its A scores for Value and Growth, B for Momentum and A VGM Score reflect favorable characteristics across the three styles.
The Style Scores complement the Zacks Rank, with the strongest historical combinations centered on Zacks Rank #1 (Strong Buy) and #2 (Buy) stocks carrying A or B scores. CRGY’s Zacks Rank can change as analysts revise estimates after the reported results.
You can see the complete list of today’s Zacks #1 Rank stocks here.
3 Dividend Stocks Defying the Market Downturn Amid the Iran ConflictCrescent Energy NYSE: CRGY reported record quarterly levered free cash flow in the second quarter of 2026 and raised its full-year production outlook, citing higher volumes, lower operating costs and accelerating savings from its Permian acquisition.
Chief Executive Officer David Rockecharlie said the company produced about 335,000 barrels of oil equivalent per day during the quarter, including approximately 140,000 barrels of oil per day. Crescent generated $418 million of levered free cash flow, a quarterly record, and $798 million of adjusted EBITDAX.
Get Crescent Energy alerts:
3 Mid-Cap Energy Firms Analysts See Moving Up to the Big Leagues“Higher production, structurally lower costs, and record free cash flow reinforce both the strength of the business today and the long-term value creation opportunity ahead,” Rockecharlie said.
Guidance Raised as Costs Improve Management increased 2026 total production guidance to a range of 327,000 to 335,000 Mboe/d and raised oil production expectations, though it did not provide a revised numerical oil guidance range during the call. The company also improved its adjusted operating expense outlook to $11 to $12 per Boe, a $0.50-per-Boe improvement.
3 Mid-Cap Stocks Under $20 With Insider Buying and Major UpsideDevelopment capital guidance was unchanged at $1.325 billion to $1.425 billion. Chief Financial Officer Brandi Kendall said maintaining the capital range while increasing production expectations reflects capital-efficiency improvements across Crescent’s portfolio.
Kendall told analysts that capital spending is expected to land near the midpoint of the annual range. While the second quarter represented the company’s lowest capital quarter of the year, spending in the third and fourth quarters is expected to be relatively even.
Management expects oil and total production to decline naturally during the second half of 2026, largely because of the timing of wells placed on production. In the Permian, Crescent is transitioning from two-mile to three-mile laterals, which is expected to move more completions later in the quarter. Kendall said third-quarter oil production is expected to be in the mid-130,000-barrel-per-day range.
Permian Synergy Target Increased Again Crescent increased its estimated annual synergy opportunity from its December Permian acquisition to $250 million to $300 million, roughly three times the original $90 million to $100 million target announced with the deal. The company said it had captured approximately $190 million of annualized synergies to date.
Rockecharlie said the company has completed the initial stabilization phase for the acquired assets and has moved into optimization. He said the savings are being driven by operational, infrastructure and commercial changes.
Operational optimization: Crescent said it has reduced well costs by approximately 20% to 25% compared with the prior operator through planning, workover strategies, vendor management and standardized operating practices. Infrastructure optimization: The company cited artificial-lift and facilities improvements, equipment rationalization and field surveillance as contributors to a lower operating-cost structure. Commercial optimization: Crescent said it is improving marketing terms, takeaway costs and equipment contracting across the asset base. Kendall said Crescent expects to realize the majority of the $250 million to $300 million synergy target by the end of 2026 and into 2027. She said the company sees further upside to free cash flow generation in 2027.
Chief Operating Officer Joey Hall said the company expects to see more impact from its own development planning in the latter half of 2026 and especially in 2027. During the first half, Crescent was largely executing the prior operator’s plan, he said. The company expects longer laterals, more wells per pad and potential completion-design changes to influence future well results.
Portfolio Operations and Resource Expansion In the Eagle Ford, Crescent said well costs improved approximately 5% year over year and are now more than 25% below 2023 levels. The company attributed the performance to workover and artificial-lift programs, field execution and efficiency gains.
In the Uinta basin, drilling efficiency improved about 25% year over year, completion efficiency nearly doubled, and development costs declined nearly 20% to less than $800 per foot, according to Rockecharlie.
The company’s minerals and royalties business produced approximately 13,000 Mboe/d during the quarter. At current prices, Crescent expects the portfolio to generate about $200 million of EBITDA in 2026.
Management also highlighted potential to expand its inventory and improve breakeven economics across its nearly 1 million net acres. Rockecharlie said Crescent is spending more time evaluating additional formations and resource opportunities in the Permian, Eagle Ford and Uinta. In the Eagle Ford, he said the company expects its drilling program to be approximately evenly split between Eagle Ford and Austin Chalk wells by year-end.
Free Cash Flow Priorities Remain Centered on Deleveraging Crescent ended the quarter with approximately $2.2 billion of liquidity, no near-term debt maturities and a weighted average debt maturity of about six years. On July 31, the company redeemed the remaining $259 million of its 2029 senior notes at par, reducing debt and annual interest expense.
The company declared a quarterly dividend of $0.12 per share. At current commodity prices, Kendall said Crescent expects to generate more than $1 billion of levered free cash flow in 2026.
While the company said its free cash flow can support debt reduction, acquisitions and share repurchases, Kendall said near-term excess cash flow is expected to remain focused on “rapid de-leveraging.” Crescent continues to evaluate acquisitions through a returns- and free-cash-flow-focused framework, but Executive Vice President of Investments Clay Rynd said the bar for additional deals remains high given the company’s internal value-creation opportunities.
About Crescent Energy (NYSE:CRGY)Crescent Energy Co NYSE: CRGY is an independent exploration and production company focused on the acquisition, development and production of oil and natural gas resources in North America. Headquartered in Oklahoma City, the company's core business activities include the identification and appraisal of prospective acreage, the design and execution of drilling and completion programs, and the ongoing operation and optimization of producing wells. Crescent Energy's integrated approach emphasizes capital efficiency, reservoir quality and operational reliability to support sustainable cash flow generation over the commodity cycle.
Crescent Energy's operations are concentrated in the Permian Basin, with a particular focus on the Delaware Basin's stacked pay intervals.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Should You Invest $1,000 in Crescent Energy Right Now?Before you consider Crescent Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Crescent Energy wasn't on the list.
While Crescent Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The space race is growing fast, and you don’t have to have gotten in early on SpaceX to profit. This report shows seven space stocks you can buy today that may grow as rockets, satellites, defense, space internet, and new space technology become more important.
Crescent Energy (CRGY - Free Report) reported $1.39 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 55.3%. EPS of $0.69 for the same period compares to $0.43 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.23 billion, representing a surprise of +13.21%. The company delivered an EPS surprise of +16.95%, with the consensus EPS estimate being $0.59.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Crescent Energy performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Average daily net sales volumes - Oil: 140 millions of barrels of oil per day versus the four-analyst average estimate of 135.66 millions of barrels of oil per day.Average daily net sales volumes - Natural Gas: 715 millions of cubic feet per day versus 733.08 millions of cubic feet per day estimated by four analysts on average.Average daily net sales volumes - Natural gas liquids: 76 millions of barrels of oil per day compared to the 73.03 millions of barrels of oil per day average estimate based on four analysts.Average daily net sales volumes - Total: 335 millions of barrels of oil equivalent per day compared to the 330.61 millions of barrels of oil equivalent per day average estimate based on four analysts.Average sales price per bbl - Oil (before effects of derivative settlements): $96.61 versus the three-analyst average estimate of $88.26.Average sales price per mcf - Natural gas (before effects of derivative settlements): $0.52 versus the three-analyst average estimate of $0.98.Average sales price per bbl - Natural gas liquids (before effects of derivative settlements): $18.67 versus the three-analyst average estimate of $20.56.Average realized prices per bbl - NGLs (after effects of derivative settlements): $18.67 compared to the $20.40 average estimate based on two analysts.Revenues- Natural gas liquids: $129.37 million versus the three-analyst average estimate of $136.86 million. The reported number represents a year-over-year change of +31.8%.Revenues- Oil: $1.23 billion compared to the $1.03 billion average estimate based on two analysts. The reported number represents a change of +103.6% year over year.Revenues- Midstream and other: $4.98 million compared to the $6 million average estimate based on two analysts. The reported number represents a change of -87% year over year.Revenues- Natural gas: $33.78 million versus the two-analyst average estimate of $87 million. The reported number represents a year-over-year change of -78.8%.View all Key Company Metrics for Crescent Energy here>>>
Shares of Crescent Energy have returned +22.8% over the past month versus the Zacks S&P 500 composite's +0.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Crescent Energy (CRGY - Free Report) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.43 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +16.95%. A quarter ago, it was expected that this oil and gas company would post earnings of $0.39 per share when it actually produced earnings of $0.53, delivering a surprise of +35.9%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Crescent Energy, which belongs to the Zacks Alternative Energy - Other industry, posted revenues of $1.39 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 13.21%. This compares to year-ago revenues of $897.98 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Crescent Energy shares have added about 36.7% since the beginning of the year versus the S&P 500's gain of 9.4%.
What's Next for Crescent Energy?While Crescent Energy has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Crescent Energy was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.56 on $1.19 billion in revenues for the coming quarter and $2.26 on $4.8 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Alternative Energy - Other is currently in the bottom 41% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, New Era Energy & Digital, Inc. (NUAI - Free Report) , has yet to report results for the quarter ended June 2026.
This company is expected to post quarterly loss of $0.09 per share in its upcoming report, which represents a year-over-year change of +57.1%. The consensus EPS estimate for the quarter has been revised 10% higher over the last 30 days to the current level.
New Era Energy & Digital, Inc.'s revenues are expected to be $0.25 million, up 19.1% from the year-ago quarter.
HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY) (“Crescent” or the “Company”) today announced financial and operating results for the second quarter of 2026. Crescent’s earnings release and supplemental earnings presentation can be found at www.crescentenergyco.com.
The Company’s second quarter 2026 conference call is planned for 10 a.m. CT (11 a.m. ET) on Tuesday, August 4, 2026.
About Crescent Energy Company
Crescent is a differentiated energy company committed to delivering value through a disciplined, returns-driven growth through acquisition strategy and consistent return of capital. Our long-life, balanced portfolio combines significant cash flow from stable production with deep, high-quality development inventory. Our activities are focused in the Eagle Ford, Permian and Uinta Basins, and we own minerals and royalty interests across premier U.S. oil and natural gas basins, primarily operated by large, well-capitalized companies, with a core focus in the Eagle Ford. For additional information, please visit www.crescentenergyco.com.
Key Takeaways Crescent Energy is expected to post Q2 profit of 59 cents per share on $1.2 billion in revenues.Oil sales prices are estimated at $88 per barrel, versus $61 a year ago, supporting revenue and cash flow.Natural gas prices are projected at 98 cents per Mcf, down from $2.71, potentially weighing on results. Crescent Energy Company (CRGY - Free Report) is set to release second-quarter 2026 results on Aug. 3. The Zacks Consensus Estimate for the to-be-reported quarter is pegged at a profit of 59 cents per share on revenues of $1.2 billion.
Let’s delve into the factors that might have influenced the upstream energy firm’s performance in the June quarter. But it’s worth taking a look at Crescent Energy’s previous-quarter results first.
Highlights of Q1 Earnings & Surprise HistoryIn the last reported quarter, the Houston, TX-based onshore oil and gas producer beat the consensus mark due to record production and early Permian integration gains. Crescent Energy had reported adjusted earnings per share of 53 cents, which surpassed the Zacks Consensus Estimate by 14 cents. Sales of $1.2 billion also beat the consensus mark by 0.3%.
CRGY topped the Zacks Consensus Estimate for earnings in each of the last four quarters. The energy operator has a trailing four-quarter earnings surprise of 53.6%, on average. This is depicted in the graph below:
Trend in Estimate RevisionThe Zacks Consensus Estimate for the third-quarter bottom line has been revised 3.5% upward in the past seven days. The estimated figure indicates a 37.2% improvement year over year. The Zacks Consensus Estimate for revenues also suggests a 37.2% increase from the year-ago period.
Factors to ConsiderCrescent Energy's second-quarter 2026 results were likely supported by firmer realized oil prices. The Zacks Consensus Estimate for average oil sales price stands at $88 per barrel, well above the $61 recorded in the year-ago quarter, pointing to a much stronger pricing environment. Better oil realizations generally translate into higher revenue and cash flow for producers with meaningful crude exposure. If Crescent captured a similar pricing trend during the quarter, stronger oil revenues could have provided a meaningful lift to earnings despite normal production variability.
The outlook for oil revenues also appears constructive heading into the quarter. The Zacks Consensus Estimate for second-quarter 2026 oil revenues is pegged at a little more than $1 billion, representing a notable increase from the $602 million in the second quarter of 2025. Such an improvement suggests expectations for stronger revenue generation, supported by favorable commodity pricing and operating conditions. Since oil remains Crescent Energy's primary earnings driver, higher expected oil revenues likely strengthened the company's overall earnings profile and could have contributed positively to quarterly profitability.
While oil fundamentals appear supportive, natural gas could have remained a headwind. The Zacks Consensus Estimate for second-quarter 2026 average natural gas sales price is 98 cents per thousand cubic feet (Mcf), sharply below the year-ago mark of $2.71 per Mcf. Such a steep decline in expected gas realizations likely weighed on revenue generated from the company's gas production. Even if production volumes remained stable, weaker pricing could have offset part of the benefit from stronger oil markets, limiting overall earnings growth.
What Does Our Model Say?The proven Zacks model does not conclusively predict an earnings beat for CRGY for the second quarter. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of beating estimates. But that’s not the case here.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, for this company is -8.94%.
Zacks Rank: CRGY currently carries a Zacks Rank #3.
Stocks to ConsiderWhile an earnings beat looks uncertain for Crescent Energy, here are some firms from the energyspace that you may want to consider based on our model:
Devon Energy (DVN - Free Report) : It has an Earnings ESP of +0.61% and a Zacks Rank #3.Devon Energy is scheduled to release earnings on Aug. 4.
You can see the complete list of today’s Zacks #1 Rank stocks here.
For 2026, Devon Energy has a projected earnings growth rate of 18.4%. Valued at around $26.8 billion, it has gained 26.3% in a year.
Magnolia Oil & Gas (MGY - Free Report) : It has an Earnings ESP of +4.28% and a Zacks Rank #3.Magnolia Oil & Gas is scheduled to release earnings on Aug. 5.
For 2026, Magnolia Oil & Gas has a projected earnings growth rate of 50.3%. Valued at around $4.4 billion, it has lost 4% in a year.
Excelerate Energy (EE - Free Report) : It has an Earnings ESP of +11.04% and a Zacks Rank #3.Excelerate Energy is scheduled to release earnings on Aug. 5.
For 2026, Excelerate Energy has a projected earnings growth rate of 18.8%. Valued at around $4.3 billion, it has gained 48.1% in a year.
A SPECIAL WELCOME GIFT FROM ZACKS.COM Zacks' 7 Strongest Buys for August, 2026 See our "best of the best" short-term stocks. Hand-picked from 220 new Strong Buys, they could be the most profitable stocks you own over the next 90 days. Recent picks have climbed as much as +97.3% within 30 days. Our new recommendations may soar just as high.
A SPECIAL WELCOME GIFT FROM ZACKS.COM Zacks' 7 Strongest Buys for August, 2026 See our "best of the best" short-term stocks. Hand-picked from 220 new Strong Buys, they could be the most profitable stocks you own over the next 90 days. Recent picks have climbed as much as +97.3% within 30 days. Our new recommendations may soar just as high. Today's market dip makes now an ideal time to get in.
Mag 7 Earnings Preview: Did GOOGL's Results Raise Stakes? The market reaction to Alphabet's Q2 results has significantly raised the bar for its Magnificent Seven peers that are on deck to report results this week, namely Microsoft and Meta Platforms on Wednesday, July 29th, and Apple and Amazon on Thursday, July 30th.
loading...
Zacks Private Picks Click for the easiest, most affordable way to get the 'Best of Our Best.
Click for the easiest, most affordable way to get the 'Best of Our Best.
The Best of Both Worlds: Healthcare's Rare Blend of Defense and AI Upside It's hard to believe that AI names can also be defensive in today's market, but that's what healthcare offers during the "great rotation." Bryan Hayes explains how investors can find quality at a reasonable price under the AI theme.
It's hard to believe that AI names can also be defensive in today's market, but that's what healthcare offers during the "great rotation." Bryan Hayes explains how investors can find quality at a reasonable price under the AI theme.
How Many Stocks Should You Own? Three stocks or one hundred? Which are you? Plus 3 stocks with low PEG ratios. Tracey Ryniec sorts through the questions in the latest Zacks Value Trader podcast.
Three stocks or one hundred? Which are you? Plus 3 stocks with low PEG ratios. Tracey Ryniec sorts through the questions in the latest Zacks Value Trader podcast.
Forget AI Chips and Mag 7: Buy AI Infrastructure Stocks Now Investors aiming to buy into the artificial intelligence boom driving the economy and Wall Street for the foreseeable future might want to consider best-in-class, AI-boosted infrastructure stocks.
Investors aiming to buy into the artificial intelligence boom driving the economy and Wall Street for the foreseeable future might want to consider best-in-class, AI-boosted infrastructure stocks.
Top Research Reports for Intel, Dell & Progressive Intel's AI infrastructure push, Dell's AI server boom and Progressive's premium growth highlight the latest top research reports and key opportunities.
Intel's AI infrastructure push, Dell's AI server boom and Progressive's premium growth highlight the latest top research reports and key opportunities.
Mag-7 Suffers Biggest Rout Since April 2025: ETFs to Buy The Mag-7 erased nearly $800 billion in value as AI spending worries resurfaced. Here are the ETF themes that could benefit from the shift.
The Mag-7 erased nearly $800 billion in value as AI spending worries resurfaced. Here are the ETF themes that could benefit from the shift.
Q2 Earnings: Guidance Upgrades Push These 3 Stocks Higher Companies raising guidance, particularly on the earnings front, always deserve some level of attention from investors. Recently, JNJ, GM, and ABT have all raised their outlooks.
Companies raising guidance, particularly on the earnings front, always deserve some level of attention from investors. Recently, JNJ, GM, and ABT have all raised their outlooks.
›
‹
Featured Zacks Rank Stocks Learn to Profit from the Zacks Rank
#1 Rank Bull of the Day Corsair Gaming (CRSR) This stock is leveling up on AI infrastructure.
#5 Rank Bear of the Day AngloGold Ashanti (AU) When the metal turns, so does the mining trade.
Zacks #1 Rank Top Movers for Jul 27, 2026 Zacks #1 Rank Top Movers Zacks #1 Rank Top Movers for 07/27/26 Value Growth Momentum VGM Income Company Symbol Price %Chg Ono Pharmac... OPHLF 14.61 +9.19% Signet Jewe... SIG 96.22 +5.40% AMC Enterta... AMC 2.37 +4.41% Trupanion TRUP 24.96 +4.04% Yamaha Moto... YMHAY 16.12 +3.83% Zacks #1 Rank Top Movers7/16 The Zacks #1 Rank List is the best place to start your stock search each morning. It's made up of the top 5% of stocks with the most potential. Each weekday, you can quickly see the Zacks #1 Rank Top Movers from Value to Growth, Momentum and Income, even VGM Score.
Go to Zacks Rank #1 Top Movers
Full Zacks #1 Rank List8/16 You can see the full Zacks #1 Rank List or narrow it down to Zacks #1 Rank Stocks with a Value, Growth, Momentum or Income Style Score of A or B. Plus, you can see the Zacks #1 Rank Stocks with a VGM of A or B. You can also sort the list with criteria you choose, view Additions and Deletions by day, and Performance.
Upcoming Earnings ESP View More Symbol ESP Most Accurate Estimate Consensus Estimate AAPL 2.46% 1.93 1.88 AMZN 0.30% 1.82 1.81 V 0.12% 3.23 3.23 NUE 0.16% 4.58 4.57 Featured Stock Picks
Best Utility Stocks to Buy for July 2026 Utility stocks have long served as a cornerstone for investors seeking income. Here are the best utility stocks to buy today.
Best Nuclear Energy Stocks to Buy for July 2026 Nuclear energy is back in the spotlight as governments and corporations look for reliable, low-carbon power. Here are our top nuclear energy stock picks.
Best Bank Stocks to Buy in July 2026 Here are the best bank stocks to buy now according to Zacks Investment Research.
Best Crypto Stocks to Buy for July 2026 Here are our picks for the best publicly traded companies in the cryptocurrency business.
Best Pharmaceutical Stocks to Buy for July 2026 The pharmaceutical industry continues to grow thanks to an aging population and rising demand for new treatments. Which pharma stocks are best?
In the latest trading session, Crescent Energy (CRGY - Free Report) closed at $11.27, marking a -1.05% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.05%. Elsewhere, the Dow saw an upswing of 0.46%, while the tech-heavy Nasdaq depreciated by 0.64%.
Shares of the oil and gas company have appreciated by 12.77% over the course of the past month, outperforming the Oils-Energy sector's gain of 6.52%, and the S&P 500's gain of 0.61%.
Market participants will be closely following the financial results of Crescent Energy in its upcoming release. The company plans to announce its earnings on August 3, 2026. It is anticipated that the company will report an EPS of $0.57, marking a 32.56% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $1.23 billion, up 37.22% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.26 per share and a revenue of $4.81 billion, indicating changes of +25.56% and +34.28%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Crescent Energy. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been a 10.47% fall in the Zacks Consensus EPS estimate. Crescent Energy is currently a Zacks Rank #4 (Sell).
In the context of valuation, Crescent Energy is at present trading with a Forward P/E ratio of 5.05. This denotes a discount relative to the industry average Forward P/E of 18.13.
The Alternative Energy - Other industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 154, finds itself in the bottom 38% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Fifth Third Bancorp lifted its position in Crescent Energy Company (NYSE:CRGY – Free Report) by 2,861.0% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 115,629 shares of the company’s stock after purchasing an additional 111,724 shares during the period. Fifth Third Bancorp’s holdings in Crescent Energy were worth $1,561,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in CRGY. Strs Ohio purchased a new stake in shares of Crescent Energy during the first quarter worth about $32,000. Nomura Asset Management Co. Ltd. increased its holdings in Crescent Energy by 134.5% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 3,986 shares of the company’s stock valued at $33,000 after purchasing an additional 2,286 shares during the period. Quarry LP increased its holdings in Crescent Energy by 303.5% during the 3rd quarter. Quarry LP now owns 4,152 shares of the company’s stock valued at $37,000 after purchasing an additional 3,123 shares during the period. Allworth Financial LP raised its position in Crescent Energy by 42.3% during the 4th quarter. Allworth Financial LP now owns 4,712 shares of the company’s stock valued at $40,000 after purchasing an additional 1,401 shares during the last quarter. Finally, Osaic Holdings Inc. raised its position in Crescent Energy by 25.2% during the 2nd quarter. Osaic Holdings Inc. now owns 5,301 shares of the company’s stock valued at $46,000 after purchasing an additional 1,066 shares during the last quarter. 52.11% of the stock is owned by hedge funds and other institutional investors.
Crescent Energy Price Performance Shares of CRGY opened at $11.39 on Friday. The stock has a market cap of $3.76 billion, a PE ratio of -15.19 and a beta of 1.40. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.57 and a current ratio of 0.57. Crescent Energy Company has a fifty-two week low of $7.68 and a fifty-two week high of $14.29. The firm’s 50-day simple moving average is $11.09 and its two-hundred day simple moving average is $11.18.
Crescent Energy (NYSE:CRGY – Get Free Report) last released its earnings results on Monday, May 4th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.14. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.15 billion. Crescent Energy had a negative net margin of 7.47% and a positive return on equity of 8.10%. The business’s revenue was up 24.5% on a year-over-year basis. During the same period last year, the business earned $0.57 earnings per share. Analysts anticipate that Crescent Energy Company will post 1.77 earnings per share for the current fiscal year.
Crescent Energy Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 18th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Monday, May 18th. Crescent Energy’s payout ratio is -64.00%.
Analysts Set New Price Targets A number of brokerages have recently weighed in on CRGY. KeyCorp reiterated an “overweight” rating and issued a $19.00 price objective on shares of Crescent Energy in a research report on Thursday, June 11th. Weiss Ratings downgraded Crescent Energy from a “hold (c)” rating to a “sell (d)” rating in a report on Wednesday, May 6th. Zacks Research lowered Crescent Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. UBS Group assumed coverage on shares of Crescent Energy in a report on Tuesday, July 14th. They issued a “buy” rating and a $13.00 price target on the stock. Finally, Mizuho boosted their price objective on shares of Crescent Energy from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Crescent Energy presently has an average rating of “Moderate Buy” and an average price target of $15.58.
View Our Latest Research Report on Crescent Energy
Crescent Energy Company Profile (Free Report)
Crescent Energy Co (NYSE: CRGY) is an independent exploration and production company focused on the acquisition, development and production of oil and natural gas resources in North America. Headquartered in Oklahoma City, the company’s core business activities include the identification and appraisal of prospective acreage, the design and execution of drilling and completion programs, and the ongoing operation and optimization of producing wells. Crescent Energy’s integrated approach emphasizes capital efficiency, reservoir quality and operational reliability to support sustainable cash flow generation over the commodity cycle.
Crescent Energy’s operations are concentrated in the Permian Basin, with a particular focus on the Delaware Basin’s stacked pay intervals.
Featured Articles Five stocks we like better than Crescent Energy Premium Retail’s Stress Test Is Separating Winners From Losers D-Wave Quantum or a Quantum ETF: Which Is the Better Bet? GE Vernova Just Sent a Mixed AI Signal to Investors Alphabet Crushed Earnings, But One Number Spooked the Market
Receive News & Ratings for Crescent Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crescent Energy and related companies with MarketBeat.com's FREE daily email newsletter.
« PREVIOUS HEADLINEBank of Nova Scotia Buys 23,587 Shares of Franco-Nevada Corporation $FNV
NEXT HEADLINE »Bank of New York Mellon Corp Has $51.48 Million Stock Holdings in iShares MSCI ACWI ETF $ACWI
Crescent Energy (NYSE:CRGY – Get Free Report) and Montauk Renewables (NASDAQ:MNTK – Get Free Report) are both energy companies, but which is the superior business? We will compare the two companies based on the strength of their profitability, dividends, earnings, risk, analyst recommendations, valuation and institutional ownership.
Valuation & Earnings This table compares Crescent Energy and Montauk Renewables”s gross revenue, earnings per share and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Crescent Energy $3.58 billion 1.02 $132.91 million ($0.75) -14.69 Montauk Renewables $176.38 million 1.36 $1.75 million $0.02 84.00 Crescent Energy has higher revenue and earnings than Montauk Renewables. Crescent Energy is trading at a lower price-to-earnings ratio than Montauk Renewables, indicating that it is currently the more affordable of the two stocks.
Institutional and Insider Ownership 52.1% of Crescent Energy shares are owned by institutional investors. Comparatively, 16.4% of Montauk Renewables shares are owned by institutional investors. 13.2% of Crescent Energy shares are owned by company insiders. Comparatively, 54.3% of Montauk Renewables shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.
Profitability This table compares Crescent Energy and Montauk Renewables’ net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets Crescent Energy -7.47% 8.10% 3.47% Montauk Renewables 0.40% 0.28% 0.17% Risk & Volatility Crescent Energy has a beta of 1.4, suggesting that its stock price is 40% more volatile than the S&P 500. Comparatively, Montauk Renewables has a beta of 0.57, suggesting that its stock price is 43% less volatile than the S&P 500.
Analyst Ratings This is a summary of current recommendations and price targets for Crescent Energy and Montauk Renewables, as provided by MarketBeat.com.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Crescent Energy 1 4 8 2 2.73 Montauk Renewables 1 4 0 0 1.80 Crescent Energy currently has a consensus price target of $15.58, indicating a potential upside of 41.47%. Montauk Renewables has a consensus price target of $1.80, indicating a potential upside of 7.14%. Given Crescent Energy’s stronger consensus rating and higher probable upside, analysts plainly believe Crescent Energy is more favorable than Montauk Renewables.
Summary Crescent Energy beats Montauk Renewables on 10 of the 15 factors compared between the two stocks.
About Crescent Energy (Get Free Report)
Crescent Energy Company acquires, develops, and produces crude oil, natural gas, and natural gas liquids (NGLs) reserves. Its portfolio of assets comprises mid-cycle unconventional and conventional assets in the Eagle Ford and Uinta Basins. It also owns and operates various midstream assets, which provide services to customers. The company is based in Houston, Texas.
About Montauk Renewables (Get Free Report)
Montauk Renewables, Inc., a renewable energy company, engages in recovery and processing of biogas from landfills and other non-fossil fuel sources. It operates in two segments, Renewable Natural Gas and Renewable Electricity Generation. The company develops, owns, and operates renewable natural gas (RNG) projects that captures methane and prevents it from being released into the atmosphere by converting it into either RNG or electrical power for the electrical grid. Its customers for RNG and renewable identification numbers (RIN) include large, long-term owner-operators of landfills and livestock farms, local utilities, and large refiners in the natural gas and refining sectors. Montauk Renewables, Inc. was founded in 1980 and is headquartered in Pittsburgh, Pennsylvania.
Receive News & Ratings for Crescent Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crescent Energy and related companies with MarketBeat.com's FREE daily email newsletter.
« PREVIOUS HEADLINELyell Immunopharma, Inc. (NASDAQ:LYEL) Receives $43.00 Consensus Price Target from Analysts
NEXT HEADLINE »United Utilities Group PLC (LON:UU) Receives GBX 1,431.43 Consensus Target Price from Brokerages
Crescent Energy (CRGY - Free Report) closed the most recent trading day at $10.17, moving +1.6% from the previous trading session. This change outpaced the S&P 500's 0.38% gain on the day. On the other hand, the Dow registered a gain of 0.29%, and the technology-centric Nasdaq increased by 0.62%.
Shares of the oil and gas company witnessed a loss of 7.49% over the previous month, trailing the performance of the Oils-Energy sector with its loss of 1.03%, and the S&P 500's gain of 1.61%.
Analysts and investors alike will be keeping a close eye on the performance of Crescent Energy in its upcoming earnings disclosure. The company's earnings report is set to go public on August 3, 2026. The company's earnings per share (EPS) are projected to be $0.57, reflecting a 32.56% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.23 billion, up 37.22% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.26 per share and revenue of $4.81 billion, which would represent changes of +25.56% and +34.28%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Crescent Energy. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 10.8% fall in the Zacks Consensus EPS estimate. Crescent Energy is currently sporting a Zacks Rank of #4 (Sell).
In the context of valuation, Crescent Energy is at present trading with a Forward P/E ratio of 4.43. This denotes a discount relative to the industry average Forward P/E of 18.01.
The Alternative Energy - Other industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 81, this industry ranks in the top 33% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Key Takeaways Crescent Energy targets nearly $1B in 2026 levered free cash flow with a projected FCF yield above 25%.CRGY exceeded its Vital Energy synergy target, boosting efficiency and supporting debt reduction and returns.CRGY maintains about $2B in liquidity and a long-term leverage target of about 1x for financial flexibility. Crescent Energy Company (CRGY - Free Report) has built its strategy around generating sustainable free cash flow (FCF) rather than pursuing production growth at any cost. This disciplined approach is helping the company strengthen its financial position while creating opportunities for long-term expansion.
CRGY's latest performance highlights the effectiveness of this model. In the first quarter of 2026, the company generated $690 million in adjusted EBITDAX and $192 million in levered free cash flow despite reporting a net loss driven by non-cash derivative mark-to-market adjustments. Management expects to generate nearly $1 billion in levered FCF in 2026, supported by a projected FCF yield of more than 25%.
Image Source: Crescent Energy Company
Operational execution has further strengthened the business. Crescent Energy has already captured approximately $120 million in synergies from the Vital Energy acquisition, exceeding its original target through improved drilling efficiency, infrastructure optimization and lower development costs. These efficiencies allow the company to reinvest selectively while directing excess cash toward debt reduction, dividends, share repurchases and value-accretive acquisitions. With roughly $2 billion of liquidity, no near-term debt maturities and a long-term leverage target of about 1x, Crescent Energy remains financially flexible.
Although cash flow remains exposed to oil and natural gas price volatility, Crescent Energy's focus on capital discipline, operational efficiency and strong cash generation provides a solid foundation for future growth. If management continues to execute effectively and commodity markets remain supportive, the company's cash flow-centric business model should remain a key driver of long-term shareholder value.
How Does Crescent Energy Compare With Peers?Several U.S. exploration and production companies have recently been following a cash flow and capital discipline-centric theme, translating it into concrete financial targets and operational decisions.
EOG Resources, Inc. (EOG - Free Report) continues to demonstrate strong cash flow generation through disciplined capital allocation and low-cost operations. In the first quarter of 2026, EOG generated $1.5 billion in free cash flow and expects a record FCF of $8.5 billion for full-year 2026 while maintaining its $6.5 billion capital budget. The company is also committed to returning at least 70% of annual FCF to its shareholders through dividends and share repurchases. With a low breakeven below $50 WTI, a pristine balance sheet and a flexible multi-basin portfolio, EOG Resources remains well positioned to sustain strong free cash flow generation across commodity cycles.
SM Energy Company (SM - Free Report) demonstrated resilient cash flow generation in the first quarter despite its expenses related to the Civitas merger. The company reported adjusted FCF of $20 million, even after absorbing nearly $180 million in one-time integration and transaction costs. SM expects FCF to accelerate significantly through the remainder of 2026, supported by higher production, disciplined capital spending and growing merger synergies. Rising free cash flow is expected to support faster debt reduction, increased share repurchases and enhanced shareholder returns, positioning SM Energy for stronger financial performance in the second half of the year.
The Zacks Rundown on Crescent EnergyShares of Crescent Energy have gained nearly 8.1% in a year compared with the Oil/Energy sector’s growth of 24.1%.
Image Source: Zacks Investment Research
From a valuation perspective — in terms of the forward 12-month Price/Sales (P/S F12M) ratio — Crescent Energy is trading at a discount compared with the industry average, making it attractive for investors as more upside is still left in the stock.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate implies about 25.6% year-over-year growth in Crescent Energy’s 2026 earnings per share. In other words, investors are paying up for CRGY at a point when the fundamentals of the company are expected to accelerate.
Image Source: Zacks Investment Research
CRGY stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of CRGY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
I may buy more CRGY without further notice. Disclaimer: I am not an investment advisor, and this is not a recommendation to buy or sell a security. Investors are recommended to read all of the company's filings and press releases, as well as do their own research to determine if the company fits their own investment objectives and risk portfolios. I may buy more shares without any further notice.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Shares of Crescent Energy Company CRGY gained 18.1% in the past six months compared with the Zacks Oil and Gas - Exploration and Production - United States industry's growth of 19.2% and the Zacks Oil-Energy sector's rise of 17.6%.
HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY) today announced plans to host a conference call and webcast at 10 a.m. CT, on Tuesday, August 4, 2026, to discuss its second quarter 2026 financial and operating results. The Company plans to release results after market close on Monday, August 3, 2026. The earnings release, supplemental slides and live webcast will be available through the Investors section of the Company’s website at www.crescentenergyco.com.
A webcast replay will be available on the website following the call.
About Crescent Energy
Crescent is a differentiated energy company committed to delivering value through a disciplined, returns-driven growth through acquisition strategy and consistent return of capital. Our long-life, balanced portfolio combines significant cash flow from stable production with deep, high-quality development inventory. Our activities are focused in the Eagle Ford, Permian and Uinta Basins, and we own minerals and royalty interests across premier U.S. oil and natural gas basins, primarily operated by large, well-capitalized companies, with a core focus in the Eagle Ford. For additional information, please visit www.crescentenergyco.com.
Crescent Energy (CRGY) is rated a Strong Buy, with valuation deeply disconnected from its robust free cash flow and strong synergies. CRGY's Vital Energy deal delivered $120M in synergies ahead of schedule, supporting expectations of $1B in 2026 levered FCF and rapid deleveraging. Despite a $419.85M Q1 reported loss from non-cash derivative marks, CRGY's operational execution remains strong, with a 5.11% dividend yield and buyback potential covered very well by the strong FCF.
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Crescent Energy (CRGY - Free Report) , which belongs to the Zacks Alternative Energy - Other industry, could be a great candidate to consider.
When looking at the last two reports, this oil and gas company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 55.45%, on average, in the last two quarters.
For the last reported quarter, Crescent Energy came out with earnings of $0.53 per share versus the Zacks Consensus Estimate of $0.39 per share, representing a surprise of 35.90%. For the previous quarter, the company was expected to post earnings of $0.28 per share and it actually produced earnings of $0.49 per share, delivering a surprise of 75.00%.
Price and EPS Surprise
Thanks in part to this history, there has been a favorable change in earnings estimates for Crescent Energy lately. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Crescent Energy has an Earnings ESP of +3.23% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #3 (Hold), it shows that another beat is possibly around the corner.
Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric.
Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Wall Street watches a company's quarterly report closely to understand as much as possible about its recent performance and what to expect going forward. Of course, one figure often stands out among the rest: earnings.
We know earnings results are vital, but how a company performs compared to bottom line expectations can be even more important when it comes to stock prices, especially in the near-term. This means that investors might want to take advantage of these earnings surprises.
Hunting for 'earnings whispers' or companies poised to beat their quarterly earnings estimates is a somewhat common practice. But that doesn't make it easy. One way that has been proven to work is by using the Zacks Earnings ESP tool.
The Zacks Earnings ESP, ExplainedThe Zacks Earnings ESP, or Expected Surprise Prediction, aims to find earnings surprises by focusing on the most recent analyst revisions. The basic premise is that if an analyst reevaluates their earnings estimate ahead of an earnings release, it means they likely have new information that could possibly be more accurate.
The core of the ESP model is comparing the Most Accurate Estimate to the Zacks Consensus Estimate, where the resulting percentage difference between the two equals the Expected Surprise Prediction. The Zacks Rank is also factored into the ESP metric to better help find companies that appear poised to top their next bottom-line consensus estimate, which will hopefully help lift the stock price.
Bringing together a positive earnings ESP alongside a Zacks Rank #3 (Hold) or better has helped stocks report a positive earnings surprise 70% of the time. Furthermore, by using these parameters, investors have seen 28.3% annual returns on average, according to our 10 year backtest.
Stocks with a #3 (Hold) ranking, which is most stocks covered at 60%, are expected to perform in-line with the broader market. But stocks that fall into the #2 (Buy) and #1 (Strong Buy) ranking, or the top 15% and top 5% of stocks, respectively, should outperform the market. Strong Buy stocks should outperform more than any other rank.
Should You Consider Baker Hughes?Now that we understand what the ESP is and how beneficial it can be, let's dive into a stock that currently fits the bill. Baker Hughes (BKR - Free Report) earns a #3 (Hold) right now and its Most Accurate Estimate sits at $0.56 a share, just 24 days from its upcoming earnings release on July 26, 2026.
Baker Hughes' Earnings ESP sits at +12.38%, which, as explained above, is calculated by taking the percentage difference between the $0.56 Most Accurate Estimate and the Zacks Consensus Estimate of $0.5. BKR is also part of a large group of stocks that boast a positive ESP. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
BKR is just one of a large group of Oils and Energy stocks with a positive ESP figure. Crescent Energy (CRGY - Free Report) is another qualifying stock you may want to consider.
Crescent Energy, which is readying to report earnings on August 3, 2026, sits at a Zacks Rank #3 (Hold) right now. Its Most Accurate Estimate is currently $0.64 a share, and CRGY is 32 days out from its next earnings report.
The Zacks Consensus Estimate for Crescent Energy is $0.62, and when you take the percentage difference between that number and its Most Accurate Estimate, you get the Earnings ESP figure of +3.23%.
Because both stocks hold a positive Earnings ESP, BKR and CRGY could potentially post earnings beats in their next reports.
Find Stocks to Buy or Sell Before They're ReportedUse the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Check it out here >>
In the latest trading session, Crescent Energy (CRGY - Free Report) closed at $10.00, marking a -1.19% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 1.18%. On the other hand, the Dow registered a gain of 0.59%, and the technology-centric Nasdaq increased by 2.07%.
The oil and gas company's shares have seen a decrease of 12.46% over the last month, not keeping up with the Oils-Energy sector's loss of 7.93% and the S&P 500's loss of 2.9%.
Market participants will be closely following the financial results of Crescent Energy in its upcoming release. The company is predicted to post an EPS of $0.62, indicating a 44.19% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $1.24 billion, up 37.92% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.47 per share and revenue of $4.86 billion. These totals would mark changes of +37.22% and +35.87%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Crescent Energy. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.25% higher within the past month. As of now, Crescent Energy holds a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that Crescent Energy has a Forward P/E ratio of 4.11 right now. This signifies a discount in comparison to the average Forward P/E of 17.67 for its industry.
The Alternative Energy - Other industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 110, this industry ranks in the top 46% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
