Cash flow Crescent Energy Company

Equities

CRGY

US44952J1043

Oil & Gas Exploration and Production

Market Closed - Nyse Other stock markets 01:30:02 14/09/2024 am IST			5-day change	1st Jan Change
10.64 ^USD	+2.11%		-0.65%	-19.45%

05/09	Sector Update: Energy Stocks Rise Pre-Bell Thursday	MT
05/09	Sector Update: Energy	MT

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Published financial data: CRESCENT ENERGY COMPANY

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	1.09B	754M	1.48B	3.06B	2.38B
Total Revenues	1.09B	754M	1.48B	3.06B	2.38B
Cost of Goods Sold, Total	546M	491M	606M	1.01B	1.08B
Gross Profit	541M	263M	871M	2.04B	1.3B
Selling General & Admin Expenses, Total	2.36M	16.54M	54.28M	76.93M	135M
Exploration / Drilling Costs, Total	469K	486K	1.18M	3.42M	9.33M
Depreciation & Amortization - (IS)	311M	372M	313M	533M	676M
Impairment of Oil, Gas & Mineral Properties - (IS)	-	-	-	65.21M	150M
Other Operating Expenses	122M	-206M	866M	677M	-167M
Other Operating Expenses, Total	436M	184M	1.23B	1.36B	803M
Operating Income	105M	79.23M	-364M	688M	502M
Interest Expense, Total	-59.03M	-48.47M	-50.77M	-95.94M	-146M
Net Interest Expenses	-59.03M	-48.47M	-50.77M	-95.94M	-146M
Income (Loss) On Equity Invest.	-	-	368K	4.62M	-413K
Other Non Operating Income (Expenses)	402K	341K	120K	949K	-282K
EBT, Excl. Unusual Items	46.72M	31.1M	-414M	598M	355M
Impairment of Goodwill	-	-	-	-77.69M	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-3.9M
Gain (Loss) On Sale Of Assets	22K	-	8.79M	4.64M	-
Asset Writedown	-	-247M	-	-	5K
Legal Settlements	-	-	-3.4M	-	-
Other Unusual Items	-	-	-24.06M	-8.06M	-6.03M
EBT, Incl. Unusual Items	46.74M	-216M	-433M	517M	345M
Income Tax Expense	28K	14K	-306K	36.29M	23.23M
Earnings From Continuing Operations	46.71M	-216M	-432M	481M	322M
Net Income to Company	46.71M	-216M	-432M	481M	322M
Minority Interest	-870K	97.48M	73.68M	-384M	-254M
Net Income - (IS)	45.84M	-119M	-359M	96.67M	67.61M
Preferred Dividend and Other Adjustments	-	-	-339M	-	-
Net Income to Common Incl Extra Items	45.84M	-119M	-19.38M	96.67M	67.61M
Net Income to Common Excl. Extra Items	45.84M	-119M	-19.38M	96.67M	67.61M
Per Share Items
Net EPS - Basic	73.91	-153.3	-0.46	2.2	1.02
Basic EPS - Continuing Operations	73.91	-153.3	-0.46	2.2	1.02
Basic Weighted Average Shares Outstanding	620K	774K	41.95M	43.87M	66.6M
Net EPS - Diluted	73.91	-153.3	-0.46	2.2	1.02
Diluted EPS - Continuing Operations	73.91	-153.3	-0.46	2.2	1.02
Diluted Weighted Average Shares Outstanding	620K	774K	41.95M	44.11M	67.4M
Normalized Basic EPS	45.67	151.06	-4.41	-0.23	-0.49
Normalized Diluted EPS	45.67	151.06	-4.41	-0.23	-0.48
Dividend Per Share	-	-	0.12	0.68	0.48
Payout Ratio	272.34	-51.77	-9.85	28.46	50.47
Supplemental Items
EBITDA	417M	699M	-50.8M	1.29B	1.33B
EBITA	105M	79.23M	-364M	688M	502M
EBIT	105M	79.23M	-364M	688M	502M
EBITDAR	-	-	-48.98M	-	-
Total Revenues (As Reported)	1.09B	754M	1.48B	3.06B	2.38B
Effective Tax Rate - (Ratio)	0.06	-0.01	0.07	7.02	6.73
Current Domestic Taxes	-	-	629K	3.11M	494K
Total Current Taxes	-	-	629K	3.11M	494K
Deferred Domestic Taxes	-	-	-935K	33.18M	22.73M
Total Deferred Taxes	-	-	-935K	33.18M	22.73M
Normalized Net Income	28.33M	117M	-185M	-10.17M	-32.41M
Supplemental Operating Expense Items
General and Administrative Expenses	2.36M	16.54M	54.28M	76.93M	135M
Exploration/Drilling Costs	469K	486K	1.18M	3.42M	9.33M
Net Rental Expense, Total	-	-	1.82M	-	-
Imputed Operating Lease Interest Expense	-	-	824K	-	-
Imputed Operating Lease Depreciation	-	-	991K	-	-
Stock-Based Comp., G&A Exp. (Total)	-2.5M	-797K	39.92M	38.06M	82.94M
Stock-Based Comp., Other (Total)	-221K	-	-	-	-
Total Stock-Based Compensation	-2.72M	-797K	39.92M	38.06M	82.94M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	19.89M	36.86M	129M	-	2.97M
Total Cash And Short Term Investments	19.89M	36.86M	129M	-	2.97M
Accounts Receivable, Total	103M	112M	342M	460M	507M
Total Receivables	103M	112M	342M	460M	507M
Prepaid Expenses	2.46M	1.95M	8.64M	19.45M	40.41M
Restricted Cash	3.93M	-	-	8M	261K
Other Current Assets, Total	36.24M	69.82M	200K	29.53M	65.27M
Total Current Assets	166M	220M	480M	517M	616M
Gross Property Plant And Equipment	4.86B	5.34B	6.5B	7.6B	9.08B
Accumulated Depreciation	-1.08B	-1.69B	-1.94B	-2.17B	-2.94B
Net Property Plant And Equipment	3.77B	3.64B	4.56B	5.44B	6.14B
Long-term Investments	-	-	15.42M	15.04M	6.08M
Goodwill	-	-	76.56M	-	-
Deferred Charges Long-Term	-	-	-	13.4M	-
Other Long-Term Assets, Total	58.16M	44.77M	28.45M	36.9M	41.58M
Total Assets	4B	3.91B	5.16B	6.02B	6.8B
Liabilities
Accounts Payable, Total	45.86M	16.54M	87.34M	105M	136M
Accrued Expenses, Total	49.82M	55.92M	192M	171M	235M
Current Portion of Leases	-	-	2.9M	3.34M	4.73M
Other Current Liabilities	105M	48.22M	334M	615M	375M
Total Current Liabilities	201M	121M	616M	894M	750M
Long-Term Debt	972M	751M	1.03B	1.25B	1.69B
Long-Term Leases	-	-	4.52M	7.41M	14.27M
Deferred Tax Liability Non Current	-	-	82.54M	147M	263M
Other Non Current Liabilities	112M	142M	404M	425M	446M
Total Liabilities	1.29B	1.01B	2.14B	2.72B	3.17B
Common Stock, Total	1.88B	2.72B	17K	17K	18K
Additional Paid In Capital	-	-	720M	805M	1.63B
Retained Earnings	-	-	-19.38M	61.96M	95.45M
Treasury Stock	-	-	-18.45M	-18.45M	-17.14M
Total Common Equity	1.88B	2.72B	682M	848M	1.7B
Minority Interest	830M	176M	2.34B	2.45B	1.93B
Total Equity	2.71B	2.89B	3.02B	3.3B	3.64B
Total Liabilities And Equity	4B	3.91B	5.16B	6.02B	6.8B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	620K	1.22M	41.95M	48.28M	91.61M
ECS Total Common Shares Outstanding	620K	1.22M	41.95M	48.28M	91.61M
Book Value / Share	3.03K	2.23K	16.26	17.57	18.61
Tangible Book Value	1.88B	2.72B	606M	848M	1.7B
Tangible Book Value Per Share	3.03K	2.23K	14.44	17.57	18.61
Total Debt	972M	751M	1.04B	1.26B	1.71B
Net Debt	952M	714M	909M	1.26B	1.71B
Debt Equivalent Oper. Leases	-	-	14.52M	-	-
Minority Interest, Total (Incl. Fin. Div)	830M	176M	2.34B	2.45B	1.93B
Equity Method Investments, Total	-	-	15.42M	15.04M	6.08M
Account Code - Inventory Valuation	-	3	3	3	3
Land - (BS)	5.7M	5.7M	5.47M	5.37M	5.37M
Buildings, Total	6.8M	6.8M	6.64M	6.01M	13.45M
Machinery, Total	13.59M	14.08M	18.01M	18.92M	24.15M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	45.84M	-119M	-359M	96.67M	67.61M
Depreciation & Amortization - CF	311M	372M	313M	533M	676M
Impairment of Oil, Gas & Mineral Properties - (CF)	-	247M	-	65.21M	150M
Depreciation & Amortization, Total	311M	620M	313M	598M	825M
Amortization of Deferred Charges, Total - (CF)	4.73M	4.94M	10.19M	8.89M	12.83M
(Gain) Loss From Sale Of Asset	-22K	-	-8.79M	-4.64M	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	3.9M
Asset Writedown & Restructuring Costs	3.8M	-	-928K	77.69M	-
Stock-Based Compensation (CF)	-2.72M	-797K	39.92M	38.06M	82.94M
Other Operating Activities, Total	105M	-106M	256M	206M	-129M
Change In Accounts Receivable	24.1M	14.65M	-91.63M	-110M	-41.52M
Change In Accounts Payable	-5.49M	-14.48M	30.75M	140M	113M
Change in Other Net Operating Assets	-1.35M	12.14M	43.27M	-37.46M	1.3M
Cash from Operations	486M	411M	233M	1.01B	936M
Capital Expenditure	-339M	-126M	-271M	-1.22B	-1.43B
Sale of Property, Plant, and Equipment	15.8M	9.36M	25.72M	93.2M	28.95M
Other Investing Activities, Total	-5.31M	-8.14M	365K	1.78M	2.86M
Cash from Investing	-328M	-125M	-245M	-1.12B	-1.4B
Short Term Debt Issued, Total	2.72M	9.86M	-	-	-
Long-Term Debt Issued, Total	553M	276M	1.25B	1.58B	3.27B
Total Debt Issued	556M	286M	1.25B	1.58B	3.27B
Short Term Debt Repaid, Total	-	-	-428K	-	-
Long-Term Debt Repaid, Total	-565M	-497M	-1.1B	-1.37B	-2.82B
Total Debt Repaid	-565M	-497M	-1.1B	-1.37B	-2.82B
Issuance of Common Stock	-	5.19M	110K	-	146M
Repurchase of Common Stock	-	-	-18.45M	-	-72K
Common Dividends Paid	-125M	-61.42M	-35.33M	-27.51M	-34.12M
Common & Preferred Stock Dividends Paid	-125M	-61.42M	-35.33M	-27.51M	-34.12M
Other Financing Activities, Total	-19.27M	-4.48M	16.69M	-196M	-104M
Cash from Financing	-153M	-272M	105M	-7.84M	456M
Net Change in Cash	4.16M	14M	93.7M	-120M	-6.58M
Supplemental Items
Cash Interest Paid	49.4M	33.9M	35.06M	81.92M	114M
Cash Income Tax Paid (Refund)	28K	14K	562K	8.16M	-1.39M
Levered Free Cash Flow	-	399M	158M	-93.77M	-528M
Unlevered Free Cash Flow	-	424M	180M	-42.7M	-450M
Change In Net Working Capital	-	118M	-325M	-110M	241M
Net Debt Issued / Repaid	-9.09M	-211M	142M	215M	449M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-	1.25	-5.01	7.7	4.89
Return on Total Capital	-	1.35	-5.9	9.99	6.33
Return On Equity %	-	-7.71	-14.62	15.21	9.29
Return on Common Equity	-	-5.16	-1.14	12.63	5.3
Margin Analysis
Gross Profit Margin %	49.77	34.86	58.95	66.85	54.74
SG&A Margin	0.22	2.19	3.67	2.52	5.66
EBITDA Margin %	38.31	92.64	-3.44	42.08	55.7
EBITA Margin %	9.69	10.51	-24.62	22.52	21.05
EBIT Margin %	9.69	10.51	-24.62	22.52	21.05
Income From Continuing Operations Margin %	4.3	-28.66	-29.26	15.72	13.51
Net Income Margin %	4.22	-15.73	-24.28	3.16	2.84
Net Avail. For Common Margin %	4.22	-15.73	-1.31	3.16	2.84
Normalized Net Income Margin	2.61	15.5	-12.52	-0.33	-1.36
Levered Free Cash Flow Margin	-	52.88	10.72	-3.07	-22.16
Unlevered Free Cash Flow Margin	-	56.24	12.18	-1.4	-18.87
Asset Turnover
Asset Turnover	-	0.19	0.33	0.55	0.37
Fixed Assets Turnover	-	0.2	0.36	0.61	0.41
Receivables Turnover (Average Receivables)	-	7.01	6.51	7.62	4.93
Short Term Liquidity
Current Ratio	0.83	1.83	0.78	0.58	0.82
Quick Ratio	0.61	1.23	0.76	0.51	0.68
Operating Cash Flow to Current Liabilities	2.42	3.41	0.38	1.13	1.25
Days Sales Outstanding (Average Receivables)	-	52.2	56.1	47.87	74.03
Average Days Payable Outstanding	-	23.24	33.52	36.13	40.64
Long Term Solvency
Total Debt/Equity	35.84	25.96	34.37	38.14	47.13
Total Debt / Total Capital	26.39	20.61	25.58	27.61	32.03
LT Debt/Equity	35.84	25.96	34.27	38.04	47
Long-Term Debt / Total Capital	26.39	20.61	25.51	27.54	31.94
Total Liabilities / Total Assets	32.16	25.96	41.45	45.2	46.56
EBIT / Interest Expense	1.78	1.63	-7.16	7.18	3.44
EBITDA / Interest Expense	7.06	14.42	-0.96	13.41	9.1
(EBITDA - Capex) / Interest Expense	1.32	11.81	-6.3	0.7	-0.71
Total Debt / EBITDA	2.33	1.07	-21.19	0.98	1.29
Net Debt / EBITDA	2.29	1.02	-18.56	0.98	1.29
Total Debt / (EBITDA - Capex)	12.48	1.31	-3.25	18.73	-16.54
Net Debt / (EBITDA - Capex)	12.23	1.25	-2.84	18.73	-16.51
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-9.33	-30.63	95.83	106.98	-22.06
Gross Profit, 1 Yr. Growth %	-18.97	-51.41	216.7	135.66	-36.18
EBITDA, 1 Yr. Growth %	-41.26	67.76	-107.12	-2.47K	3.15
EBITA, 1 Yr. Growth %	-76.13	-24.78	-485.84	-287.58	-27.13
EBIT, 1 Yr. Growth %	-76.13	-24.78	-485.84	-287.58	-27.13
Earnings From Cont. Operations, 1 Yr. Growth %	-87.61	-562.7	99.99	-211.19	-33
Net Income, 1 Yr. Growth %	-83.56	-358.84	202.19	-126.96	-30.06
Normalized Net Income, 1 Yr. Growth %	-80.45	312.74	-246.47	-94.56	218.6
Diluted EPS Before Extra, 1 Yr. Growth %	-83.56	-307.41	-99.7	-577.06	-53.92
Accounts Receivable, 1 Yr. Growth %	-	8.25	206.02	34.35	10.22
Net Property, Plant and Equip., 1 Yr. Growth %	-	-3.48	25.13	19.38	12.81
Total Assets, 1 Yr. Growth %	-	-2.26	31.99	16.72	13.02
Tangible Book Value, 1 Yr. Growth %	-	44.38	-77.71	40.03	101.01
Common Equity, 1 Yr. Growth %	-	44.38	-74.89	24.32	101.01
Cash From Operations, 1 Yr. Growth %	3.1	-15.34	-43.28	334.22	-7.57
Capital Expenditures, 1 Yr. Growth %	-79.71	-62.74	114.55	350.46	17.33
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-61.21	-159.53	462.98
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	-58.51	-123.85	952.87
Dividend Per Share, 1 Yr. Growth %	-	-	-	466.67	-29.41
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-20.69	16.55	101.33	27.01
Gross Profit, 2 Yr. CAGR %	-	-37.25	26.85	178.81	22.63
EBITDA, 2 Yr. CAGR %	-	-0.73	-65.08	36.71	394.7
EBITA, 2 Yr. CAGR %	-	-57.62	85.78	216.15	16.91
EBIT, 2 Yr. CAGR %	-	-57.62	85.78	216.15	16.91
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-24.29	204.2	49.12	-13.69
Net Income, 2 Yr. CAGR %	-	-34.78	179.68	-9.73	-56.58
Normalized Net Income, 2 Yr. CAGR %	-	-10.16	155.54	-70.5	-58.38
Diluted EPS Before Extra, 2 Yr. CAGR %