Crescent

Crescent Energy’s stock climbed to $13.30, marking a new annual high. Year to date the shares are up about 57.5%, and they have gained 41.5% over the past six months. InvestingPro rates the stock slightly above its fair value and lists it as “Most Overvalued”; the PEG ratio is 0.2. Crescent Energy increased its convertible bond offering from $400 million to $600 million (2.75% due 2031); William Blair viewed the move positively, and Wells Fargo raised its price target to $14.00 while remaining at Overweight. » Więcej na de.investing.com

Crescent Energy reports a levered free cash flow for 2025 of $856m (FCF yield 31%), adjusted EBITDAX of $536m in Q4 and a renewed quarterly dividend of $0.12 per share. Through M&A transactions totaling nearly $5bn and the acquisition of Vital Energy, its Permian position was significantly expanded; management highlights annualized synergies of about $190m. The new Crescent Royalties platform delivers annualized revenues of roughly $180m and is expected to grow through bolt‑on acquisitions. For 2026 the company targets production of 320–335 Mboe/d (oil share 40–42%) and an FCF margin of 7–22% of the asset base, with a focus on debt reduction, dividend and targeted buybacks. » Więcej na de.investing.com

Crescent Energy sold non‑operating assets in the DJ Basin to a private buyer for $90 million in cash; the fields in Weld County currently produce about 7 Mboe/d with an oil share of roughly 20%. The sale is the sixth in an ongoing program to divest non‑core assets and brings transactions closed since the start of the year to more than $900 million. The company plans to use the proceeds to reduce borrowings under its revolving credit facility as it seeks to lower total debt of $3.23 billion; Crescent also recently reported a disappointing third quarter with EPS of -$0.04 and revenue below expectations. » Więcej na de.investing.com