Q225 Recap: Delivering On All Strategic Priorities Robust Financial Performance All metrics exceeding expectations Enhancing guidance, increasing free cash flow Solid Operational Execution Continuing capital efficiency…
CRGY Q2 Performance: All Metrics Exceeding Expectations Substantial Large, Low Decline Cash Flow Generation Base Production 514 MM Adj. EBITDAX(1) 263 Mboe/d / 108 Mbo/d 171 MM Levered FCF(1) 41% Oil / 59% Liquids Attractive…
Enhancing 2025 Outlook, Increasing Free Cash Flow Capital Efficiencies and Updated Tax Outlook Increasing Free Cash Flow Updated FY25 Outlook Prior Current 2025 Outlook Outlook Update (vs. Midpoint) Total Production 251 - 261…
Demonstrated Value Creation Through Market Volatility CRGY Strategy Designed to Outperform Through Cycles Returns-Driven Opportunistic Capital Markets Investing Hedging Progress 4.0x 7 Yrs 3.0x 70 6 Yrs 5 Yrs 2.7x Execution…
Consistent Free Cash Flow Generation Compelling Valuation vs. Peers on Cash Flow Metrics Despite Advantaged Decline Rate + Capital Efficiency and Consistent Hedge Strategy Consistent FCF Generation(1) 2025E Hedged FCF Yield(1)…
Eagle Ford Quarterly Highlights: Premier Position with Attractive Commodity Diversification Scaled Footprint with Significant Incremental Growth Opportunity Eagle Ford Acreage Strong Operations Driving D&C Cost Efficiency…
Capital Efficiencies Increasing Free Cash Flow Operational Execution Driving Continued Savings in D&C Costs 2,200 Drilling 2,000 Efficiency 15% 1,900 Gains Since 2023 (drilled ft/day) 2023 Program 2024 Program Q2'25…
Uinta Quarterly Highlights: HBP Asset Base with Substantial Stacked Resource Opportunity Prudent Delineation of Significant Resource and High Value Long-Term Development Opportunity Uinta Acreage Strong Operations Driving D&C…
Driving Increased Capital Efficiencies in Utah Generating More with Less Increasing Returns with Capital Efficiencies and Positive Well Productivity Trajectory Uinta DC&F CRGY Well Performance (/ft) (Avg Cum. Prod/ft) 1,000 CRGY…
Successful Track Record of Accretive Acquisitions Profitably Scaled 2x Since Public Listing Consistent Underwriting Criteria Cash-on-cash returns, equity Proven Acquisition Strategy(1) (Crescent Acquisitions) 6 accretion and…
Accretively Growing Our Minerals Footprint Closed Acquisition of Minerals and Royalty Assets for 72 MM Minerals Cash Flow (1) Exceeds Return Targets: Other 25% 2.0x MOIC and accretive to Eagle Ford 40% key metrics…
BB Balance Sheet Reflects Financial Strength Targeting Investment Grade Balance Sheet Metrics Through Cycles Commitment to Balance Sheet Strength Opportunistic HY Offering: Current Leverage Total Extending maturities and…
Decade-Plus History of Returning Cash to Shareholders Capitalizing on Share Price Dislocation with 35 MM of Repurchases YTD Return of Capital Framework: Fixed Dividend Yield Comparison(2) Consecutive 13 6.1% Priority Fixed…
Appendix CRESCENT ENERGY
Updated 2025 Outlook 2025 Guidance (Updates vs. Prior Guidance Highlighted) Previous FY25 Guidance Current FY25 Guidance Total Production (Mboe/d) 251 261 251 261 % Oil (%) 41% 40% 41% 40% % Gas (%) 41% 43% 41% 43%…
Capitalizing on Premier South Texas Gas Optionality Advantaged Market Access with Increasing Demand from LNG & Data Center Expansion Advantaged Market Access(1) Premium South Texas Gas Low nitrogen content (vs. Permian) preferred…
Eagle Ford Asset Detail: Premier Position with Commodity Flexibility & Significant Growth Opportunity Asset Detail Significant Growth Opportunity Remaining Operated (% of Total EF Net Acres Owned By Operator Type)(4) Public Public…
Uinta Asset Detail: HBP Asset Base with Substantial Stacked Resource Opportunity Asset Detail Inventory Upside Current CRGY inventory estimates only include a portion of Uinta substantial resource opportunity Uinta Peer CRGY…
Active Hedge Strategy Provides Cash Flow Durability Protecting the Downside and Retaining Attractive Upside Exposure with Mix of Swaps and Collars in 2025; 60% Hedged on Both Oil and Gas Hedge Gain / (Loss) ( in MM, Except Commodity…
Hedge Position: Liquids Q3 2025 Q4 2025 FY 2026 FY 2027 NYMEX WTI (Bbls, /Bbl) Swaps Total Daily Volumes 44,900 41,900 23,367 -- WA Swap Price 69.85 69.72 66.72 -- Collars Total Daily Volumes 16,000 16,000 13,471 -- WA Long Put…
Hedge Position: Gas Q3 2025 Q4 2025 FY 2026 FY 2027 NYMEX Henry Hub (MMBtu, /MMBtu) Swaps Total Daily Volumes 187,000 203,739 269,370 -- WA Swap Price 3.83 4.16 4.05 -- Collars Total Daily Volumes 171,000 227,522 126,521…
Per Unit Performance For the three months ended June 30, 2025 June 30, 2024 March 31, 2025 Average daily net sales volumes: Oil (Mbbls/d) 108 73 102 Natural gas (MMcf/d) 644 372 655 NGLs (Mbbls/d) 48 30 47 Total (Mboe/d) 263 165…
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 June 30, 2025 June 30, 2024 (in thousands) Net income (loss) 162,498 70,205 Adjustments to reconcile to Adjusted EBITDAX: Interest expense 75,219 42,359 Loss…
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…
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