| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 84 | 91.6x | 17.8x | Top tier | |
Growth | 92 | 24.3% | 7.1% | Top tier | |
Quality | 68 | 8.9% | 4.5% | Top tier | |
Safety | 55 | 2.2x | 2.6x | Around median | |
Capital Return | 21 | 2.89% | 2.12% | Bottom tier | |
Momentum | 90 | 22.1% | 2.9% | Top tier | |
Sentiment | 66 | 8 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Crescent Energy Company (CRGY) operates as an energy producer in the Permian, Eagle Ford, and Uinta basins, building its portfolio through asset acquisitions, then reducing costs and optimizing production and cash flows. Its net acreage reached about 1 million acres, and Q2 FY2026 production reached approximately 335,000 barrels of oil equivalent per day, of which 140,000 barrels of oil per day is oil, or nearly 42% of the total. The portfolio also includes a minerals and royalties business, which produced about 13,000 barrels of oil equivalent per day and management expects to generate nearly $200 million in EBITDA during FY2026 without direct development capital.
Crescent Energy recorded Q2 FY2026 revenues of $1.4 billion and net income of $492.8 million, equivalent to an approximate net income margin of 35%, compared to a net loss of $419.8 million on revenues of $1.2 billion in Q1 FY2026. Adjusted EBITDAX reached about $798 million, while levered free cash flow reached a quarterly record of $418 million. For annual comparison, the company achieved revenues of $3.6 billion and net income of $132.9 million in FY2025.
Operational improvement came from the core asset mix: Crescent Energy reduced well costs in the Eagle Ford by about 5% year-over-year to be more than 25% below 2023 levels, and reduced development costs in the Uinta by about 20% to under $800 per foot, while achieving about $190 million in annualized savings in the Permian. This was accompanied by liquidity of nearly $2.2 billion, no near-term maturities, and a weighted average debt maturity of nearly six years at the end of Q2 FY2026.
Automated analysis for informational purposes only — not investment advice.
The analyst consensus is a Buy, with an average target of $18.20 and a wide range between $14 and $24, while the 52-week range spans from $7.68 to $14.29. The average target exceeds the 52-week high by about 27%, and the highest target exceeds it by about 68%, but the proximity of the lowest target to that peak reveals a tangible divergence regarding the amount of potential rerating. The optimistic scenario relies on achieving the Permian savings target of $250 to $300 million and generating over $1 billion in free cash flow in FY2026, while it is constrained by the expected decline in production during FY2027 and the sensitivity of results to commodity prices.
Figures in the text are as of 2026-08-27; the live price is shown at the top of the page.
Crescent Energy's production reached about 335,000 barrels of oil equivalent per day, including 140,000 barrels of oil per day, exceeding the midpoint of the original FY2026 plan. The company recorded revenues of $1.4 billion and net income of $492.8 million in Q2 FY2026. It also achieved about $798 million in adjusted EBITDAX and levered free cash flow of $418 million.
Upon announcing the acquisition, the company identified an initial annualized savings opportunity of $90 to $100 million. By the August 4, 2026 call, it had realized about $190 million and raised the total target to $250 to $300 million. The savings come from optimizing operations, infrastructure, and commercial terms, with well costs reduced by about 20% to 25% compared to the prior operator. Management expects to achieve the bulk of the target by the end of FY2026 and heading into FY2027.
The company raised its total production guidance to a range of 327,000 to 335,000 barrels of oil equivalent per day. It improved adjusted operating expense guidance by $0.50 to a range of $11 to $12 per barrel of oil equivalent, while keeping development capital at $1.325 to $1.425 billion. According to the August 4, 2026 call, the company expects over $1 billion in levered free cash flow during FY2026.
Management outlined its priorities as maintaining distributions, strengthening the balance sheet, and then directing excess cash to the highest-return opportunities. It declared a distribution of $0.12 per share for Q2 FY2026, and on July 31, 2026, redeemed the remaining $259 million of 2029 notes. Liquidity reached about $2.2 billion, but management clarified that the near-term focus will remain on rapid deleveraging, with the potential to fund accretive acquisitions or share repurchases when returns are favorable.
Management explained on August 4, 2026, that production in FY2027 is slated for a slight decline compared to FY2026 due to resetting capital intensity in the Permian. It also expects a natural decline in volumes during the second half of FY2026, with oil production in the mid-130,000 barrels per day range in Q3. Conversely, cash flows could improve due to the completion of Permian savings and the broader application of new development designs during FY2027.
The company holds about 1 million net acres across the Permian, Eagle Ford, and Uinta, and is working to increase economic locations and lower breakevens. It expects the Eagle Ford well program by the end of FY2026 to be split roughly evenly between the Eagle Ford and Austin Chalk, following expanded activity in the western portion of the assets. It also plans to demonstrate further resource appraisal results in the Permian and Uinta during the second half of FY2026 and FY2027, leveraging improved drilling and completion efficiencies.
