Crescent Energy Q2 revenue and EPS beat analyst estimates
Crescent Energy Q2 revenue and EPS beat analyst estimates
Overview
U.S. oil and gas producer's Q2 revenue beat analyst expectations
Adjusted EPS for Q2 exceeded analyst expectations
Outlook
Co raised total oil production to 327-335 MBoe/d, from 320 - 335 MBoe/d
The combination of higher expected production and lower operating costs is expected to support incremental free cash flow generation in 2026
Result Drivers
Record Adjusted EBITDAX - The Company generated record Adjusted EBITDAX of $798 million, record Operating Cash Flow of $707 million and record Levered Free Cash Flow of $418 million for the period, supported by disciplined capital investment and strong operational execution
STABLE PRODUCTION - Co cited significant cash flow from stable production in its balanced portfolio
Company press release: ID:nBw86SsZta
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $1.39 bln | $1.26 bln (10 Analysts) |
Q2 Adjusted EPS | Beat | $0.69 | $0.58 (14 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the oil & gas exploration and production peer group is "buy"
Wall Street's median 12-month price target for Crescent Energy Co is $17.00, about 48.2% above its July 31 closing price of $11.47
The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 7 three months ago
Reuters Recommended Reads
Aug 3 - Diamondback Q2 profit beats estimates on higher oil prices, hikes forecast
Aug 3 - War-fueled oil rally set to lift shale profits to highest since 2022
Aug 3 - Vitesse Energy Q2 revenue rises on higher oil prices, production
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)