2024 Recap: Delivering On All Strategic Priorities Robust Financial Performance Consistent beat and raise Met or exceeded guidance across key metrics Solid Operational Execution Improved D&C costs and increased well…
CRGY Performance: Strong Q4 Results Substantial Large, Low Decline Cash Flow Generation Base Production 535 MM Adj. EBITDAX(1) 255 Mboe/d 259 MM Levered FCF(1) 38% Oil / 56% Liquids Attractive Balance Sheet Return of Capital…
2024 Financial Performance Exceeds Expectations Significant Growth and Free Cash Flow Generation in Transformational Year (Mboe/d) 2024 Production ( MM) 2024 Capex 200 743 155 - 160 550 - 625 2H24 Guidance: 232 241 Mboe/d…
2025 Plan Highlights Flexible Capital Allocation and Significant Free Cash Flow Generation Flexibility: Largely HBP assets with ability to invest across oil or gas focused inventory to maximize returns across commodity cycles…
Eagle Ford Quarterly Highlights: Premier Position with Attractive Commodity Diversification Scaled Footprint with Significant Incremental Growth Opportunity Eagle Ford Acreage(1) Increasing Year-Over-Year Well Productivity…
Strong Eagle Ford Momentum: Positive Rate of Change Generating More with Less Increasing Returns with Capital Efficiencies and Positive Well Productivity Trajectory CRGY Capital Efficiency CRGY Well Performance (Drilling, Completions…
Applying Operational Best Practices to Lower D&C Costs Completed First Advanced Trajectory Wells on Legacy CRGY Assets Recent WEF U-Turn Wells(2) 12 Advanced Trajectory(1) Wells, Including 7 Full U-Turns on the Crescent…
Capitalizing on Premier South Texas Gas Optionality Allocating a Portion of 2025 Capital to Eagle Ford Dry Gas Development Advantaged Market Access(1) Advantaged Market Access Henry Hub with Increasing Demand from LNG & Data…
Uinta Quarterly Highlights: HBP Asset Base with Substantial Stacked Resource Opportunity Acquired Asset in Q122 for Production Value; Driving Incremental Returns Through Attractive Development Uinta Acreage(1) Development…
Impressive Early Time Results from Eastern Uinta JV Executing on Prudent Delineation of Substantial Stacked Resource Opportunity Eastern Uinta Joint Venture Strong Eastern Performance (Upper Cube Results - Cum. Bo/ft) CRGY…
Successful Track Record of Accretive Acquisitions More Than Doubled in Scale Since Public Listing Through Consistent Execution Focused in Regions Where We Currently Operate Eagle Ford & Rockies Proven Acquisition Strategy(1)…
Transformative Eagle Ford Growth Through M&A More Than Doubled Eagle Ford Footprint Through 5 Transactions Since YE23 CRGY Eagle Ford Footprint Transforming CRGY Position in a Premier Basin Frio Atascosa Weighted Average…
Driving Shareholder Value Through Seamless Integration SilverBow Acquisition Continuing to Outperform Expectations; Achieved Increased Synergy Range Ahead of Schedule, with Further Value Expected Expect 15 - 20 MM of annual Ridgemar…
BB Balance Sheet Reflects Financial Strength Targeting Investment Grade Balance Sheet Metrics Through Cycles Commitment to Balance Sheet Strength Maintain Ample Liquidity: Current liquidity is 3x our Current Leverage Total…
Decade-Plus History of Returning Cash to Shareholders Providing Shareholders with Consistent and Attractive Fixed Dividend Return of Capital Framework: Fixed Dividend Yield Comparison(2) 4.6% Consecutive 4.5% 4.6% 13 years 4.2%…
Appendix CRESCENT ENERGY
2025 Outlook: Flexible Capital Allocation and Significant Free Cash Flow Generation Guidance Capital Expenditures (70 / Bbl WTI and 3.00 / MMbtu Henry Hub) By Type By Commodity Full Year 2025 Other (4) 5% Total Production…
Eagle Ford Asset Detail: Premier Position with Attractive Commodity Diversification Asset Detail Operated Central Southern Western Non-Op Net Acres 240k 100k 165k 33k Live Oak, Atascosa, Webb, La Salle, Dimmit, Webb, Zavala,…
Uinta Asset Detail: HBP Asset Base with Substantial Stacked Resource Opportunity Asset Detail Inventory Upside Current CRGY inventory estimates DAGGETT Uinta only include a portion of substantial resource opportunity Uinta Peer…
Crescent Energy Reserves Summary 65% Liquids and 73% Proved Developed YE 2024 Proved Reserves Summary PV-10 (MM) Reserve Category Oil (MMbbl) Gas (Bcf) NGL (MMbbl) Total (MMboe) SEC(1)(2) Proved Developed 232 1,384 117 579…
Hedge Position: Gas Q1 2025 Q2 2025 Q3 2025 Q4 2025 FY 2026 FY 2027(1) NYMEX Henry Hub (MMBtu, /MMBtu) Swaps Total Volumes 14,580,000 14,742,000 17,204,000 13,994,000 85,545,000 18,250,000 Total Daily Volumes 162,000 162,000…
Per Unit Performance Year ended For the three months ended December 31, 2024 December 31, 2024 December 31, 2023 September 30, 2024 Average daily net sales volumes: Oil (Mbbls/d) 82 98 71 86 Natural gas (MMcf/d) 501 671 386 554…
Adjusted EBITDAX & Levered Free Cash Flow Adjusted EBITDAX & Levered Free Cash Flow Crescent defines Adjusted EBITDAX as net income (loss) before interest expense, loss from extinguishment of debt, income tax expense (benefit),…
Adjusted EBITDAX & Levered Free Cash Flow (Contd) Three Months Ended December 31, Year Ended December 31, 2024 2023 2024 2023 (in thousands) (in thousands) Net income (loss) (169,945) 140,008 (137,683) 321,991 Adjustments to…
Net LTM Leverage & PV-10 Reconciliation Net LTM Leverage Crescent defines Net LTM Leverage as the ratio of consolidated total debt to consolidated Adjusted EBITDAX as calculated under the credit agreement (the Credit Agreement)…
Adjusted Recurring Cash G&A Adjusted Recurring Cash G&A Crescent defines Adjusted Recurring Cash G&A as general and administrative expense, excluding equity- based compensation and transaction and nonrecurring expenses, and including…
Stay Connected. IRcrescentenergyco.com 600 Travis Street Suite 7200 Houston, Texas 77002 (713) 332-7001 www.crescentenergyco.com
Loading...
