Crescent Energy Company (CRGY) To Go Ex-Dividend on August 17th

Crescent Energy Company (NYSE:CRGY) announced a quarterly dividend on Monday, August 3rd. Investors of record on Monday, August 17th will be paid a dividend of 0.12 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Monday, August 17th.

Crescent Energy has a dividend payout ratio of 31.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Crescent Energy to earn $1.75 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 27.4%.

Crescent Energy Price Performance

CRGY opened at $11.29 on Wednesday. The business’s 50-day moving average is $10.75 and its two-hundred day moving average is $11.35. Crescent Energy has a 1 year low of $7.68 and a 1 year high of $14.29. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.57 and a quick ratio of 0.57. The firm has a market capitalization of $3.73 billion, a PE ratio of -15.05 and a beta of 1.41.

Crescent Energy (NYSE:CRGY) last released its quarterly 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. Crescent Energy had a net margin of 1.27% and a return on equity of 10.73%. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.26 billion. The firm’s revenue was up 55.3% on a year-over-year basis. Research analysts anticipate that Crescent Energy will post 1.78 earnings per share for the current fiscal year.

Trending Headlines about Crescent Energy

Here are the key news stories impacting Crescent Energy this week:

• Positive Sentiment: Strong Q2 performance: Crescent reported adjusted earnings of $0.69 per share, above the $0.59 consensus estimate, while revenue reached $1.39 billion—55.3% higher than a year earlier and above the $1.26 billion forecast. Crescent Energy Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Higher cash-flow outlook and Permian synergies: Management outlined a $250 million to $300 million Permian synergy target and projected more than $1 billion in 2026 levered free cash flow. These targets could improve debt reduction, shareholder returns, and valuation. Crescent Outlines Permian Synergy Target
• Positive Sentiment: Analysts raised price targets: Stephens increased its target to $18 from $17 and maintained an overweight rating, while Mizuho raised its target to $16 from $15, though it retained a neutral rating. Analyst Price Target Changes
• Positive Sentiment: Dividend reinforces shareholder returns: Crescent declared a quarterly dividend of $0.12 per share, payable August 31 to shareholders of record August 17. The annualized payout implies a yield of approximately 4.2%. Crescent Energy Dividend Announcement
• Negative Sentiment: Oil-price assumptions remain a risk: Analysts trimmed Crescent’s fair value as they reworked their oil-price outlook, highlighting the company’s sensitivity to commodity prices despite its strong operating results. Crescent Energy Fair Value Trim

Crescent Energy Company Profile

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.