Crescent Energy Company Class A ( ($CRGY) ) just unveiled an update.
Crescent Energy’s robust third quarter for 2024 highlights its strategic growth with $368 million in Operating Cash Flow and $158 million in Levered Free Cash Flow, alongside a 30% productivity boost in the Eagle Ford. The company successfully integrated SilverBow Resources, enhancing synergies by over 20%, and optimized its portfolio by divesting $50 million in non-core assets. Crescent also bolstered its financial position with a $250 million senior notes add-on and is poised for continued growth, underscored by its inclusion in the S&P SmallCap 600 Index.
For a thorough assessment of CRGY stock, go to TipRanks’ Stock Analysis page.
