Articles from Crescent Energy

Crescent Energy Company (NYSECRGY) (“Crescent” or the “Company”), today announced the closing of its acquisition of Central Eagle Ford assets from Ridgemar Energy for upfront consideration of $905 million, consisting of $830 million in cash and 5,454,546 shares of Class A common stock, plus future oil price contingent consideration, subject to customary purchase price adjustments. Crescent plans to provide 2025 guidance reflecting the acquisition along with its fourth quarter and full year 2024 financial and operating results.

Crescent Energy Company (NYSECRGY) (“we” or “our”) announced today that its indirect subsidiary Crescent Energy Finance LLC (the “Issuer”) has priced its previously announced private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), to eligible purchasers of $400 million aggregate principal amount of 7.625% Senior Notes due 2032 (the “Additional Notes” and, together with the Existing Notes (as defined below), the “Notes”). The size of this offering was increased from the previously announced $300 million to $400 million. The Notes mature on April 1, 2032 and pay interest at the rate of 7.625% per year, payable on April 1 and October 1 of each year, with interest payments on the Additional Notes commencing on April 1, 2025. The Additional Notes were priced at 100.250% of par, plus accrued and unpaid interest from October 1, 2024.

Crescent Energy Company (NYSECRGY) (“we” or “our”) announced today that, subject to market conditions, its indirect subsidiary Crescent Energy Finance LLC (the “Issuer”) intends to offer for sale in a private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), to eligible purchasers of $300 million aggregate principal amount of 7.625% Senior Notes due 2032 (the “Additional Notes” and, together with the Existing Notes (as defined below), the “Notes”). The Additional Notes are being offered as additional notes under the indenture dated as of March 26, 2024, as supplemented (the “Indenture”), pursuant to which the Issuer has previously issued $700 million aggregate principal amount of 7.625% Senior Notes due 2032 (the “Existing Notes”). The Additional Notes will have substantially identical terms, other than the issue date, the first interest payment date and the initial offering price, as the Existing Notes, and the Additional Notes and the Existing Notes will be treated as a single series of securities under the Indenture and will vote together as a single class. The Notes mature on April 1, 2032 and pay interest at the rate of 7.625% per year, payable on April 1 and October 1 of each year, with interest payments on the Additional Notes commencing on April 1, 2025.

Crescent Energy Company (“Crescent” or the “Company”) (NYSECRGY) today announced the pricing of an underwritten, upsized public offering of 21,500,000 shares of its Class A common stock, par value $0.0001 per share (“Class A common stock”), at a price to the public of $14.00 per share, pursuant to an effective shelf registration statement on Form S-3 (the “Registration Statement”) filed previously with the U.S. Securities and Exchange Commission (the “SEC”). The 21,500,000 share offering represents a 3,500,000 share upsize to the originally proposed 18,000,000 share offering.

Crescent Energy Company (“Crescent” or the “Company”) (NYSECRGY) today announced the commencement of an underwritten public offering of 18,000,000 shares of its Class A common stock, par value $0.0001 per share (“Class A common stock”), pursuant to an effective shelf registration statement on Form S-3 (the “Registration Statement”) filed previously with the U.S. Securities and Exchange Commission (the “SEC”).

Crescent Energy Company (NYSECRGY) (“Crescent” or the “Company”) today announced the signing of a definitive agreement to acquire Eagle Ford assets from Ridgemar Energy for upfront consideration of $905 million plus future oil price contingent consideration, subject to customary purchase price adjustments. The acquisition is directly offset Crescent’s core Central Eagle Ford position and builds upon its significant acquisition activity in the Eagle Ford over the past 18 months, totaling more than $4 billion of accretive M&A. The transaction, which has an effective date of October 1, is expected to close in the first quarter of 2025, subject to customary closing conditions. Additional details have been posted on Crescent’s website at www.crescentenergyco.com.

Crescent Energy Company (NYSECRGY) (“Crescent” or the “Company”) today announced financial and operating results for the third quarter of 2024. Crescent’s earnings release and supplemental earnings presentation can be found at www.crescentenergyco.com.

Crescent Energy Company (NYSECRGY) today announced plans to host a conference call and webcast at 10 a.m. CT, on Tuesday, November 5, 2024, to discuss its third quarter 2024 financial and operating results. The Company plans to release results after market close on Monday, November 4, 2024. The release and supplemental slides will be available on the company’s website at www.crescentenergyco.com.

Crescent Energy Company (NYSECRGY) (“we” or “our”) announced today that its indirect subsidiary Crescent Energy Finance LLC (the “Issuer”) has priced its previously announced private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), to eligible purchasers of $250 million aggregate principal amount of 7.375% Senior Notes due 2033 (the “Notes”). The Notes mature on January 15, 2033 and pay interest at the rate of 7.375% per year, payable on January 15 and July 15 of each year, with interest payments on the Notes commencing on January 15, 2025. The Notes were priced at 101% of par, plus accrued and unpaid interest from June 14, 2024. The Issuer intends to use the net proceeds from this offering to repay a portion of the amounts outstanding under its revolving credit facility. This offering is expected to close on September 9, 2024, subject to customary closing conditions.

Crescent Energy Company (NYSECRGY) (“we” or “our”) announced today that, subject to market conditions, its indirect subsidiary Crescent Energy Finance LLC (the “Issuer”) intends to offer for sale in a private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), to eligible purchasers $250 million aggregate principal amount of 7.375% Senior Notes due 2033 (the “Notes”). The Notes are being offered as additional notes under the indenture dated as of June 14, 2024, as previously supplemented (the “Indenture”), pursuant to which the Issuer has previously issued $750 million aggregate principal amount of 7.375% Senior Notes due 2033 (the “Existing Notes”). The Notes will have substantially identical terms, other than the issue date and issue price, as the Existing Notes, and the Notes and the Existing Notes will be treated as a single series of securities under the Indenture and will vote together as a single class. The Notes mature on January 15, 2033 and pay interest at the rate of 7.375% per year, payable on January 15 and July 15 of each year, with interest payments on the Notes commencing on January 15, 2025. The Issuer intends to use the net proceeds from this offering to repay a portion of the amounts outstanding under its revolving credit facility.

Crescent Energy Company (NYSECRGY) (“Crescent” or the “Company”) today announced the signing of a definitive agreement to acquire assets from a private Eagle Ford operator for total cash consideration of $168 million, subject to customary purchase price adjustments. The acquisition is directly offset Crescent’s existing Central Eagle Ford footprint and builds upon its significant acquisition activity in the Eagle Ford over the past 18 months, including the recently closed acquisition of SilverBow Resources Inc. The transaction, which has an effective date of May 1, is expected to close in September 2024, subject to customary closing conditions. Additional details have been posted on Crescent’s website at www.crescentenergyco.com.

Crescent Energy Company (NYSECRGY) (“Crescent” or the “Company”) today announced financial and operating results for the second quarter of 2024. Crescent’s earnings release and supplemental earnings presentation can be accessed via the Investor Relations section of Crescent’s website at www.crescentenergyco.com.

Crescent Energy Company (NYSECRGY) ("Crescent" or the "Company"), today announced the closing of its acquisition of SilverBow Resources, Inc. (“SilverBow”). The transaction was closed ahead of schedule, and Crescent plans to provide pro forma second half 2024 guidance reflecting the acquisition, as well as issue its second quarter 2024 financial and operating results, after market close on August 5, 2024. A conference call is planned for August 6, 2024.

Crescent Energy Company (NYSECRGY) (“Crescent” or the “Company”), today announced it received overwhelming stockholder approval for the issuance of Crescent Class A common stock in connection with its proposed merger (the “Merger”) with SilverBow Resources Inc. NYSE: SBOWNYSESBOW)

Crescent Energy Company (NYSECRGY) (“Crescent”) and SilverBow Resources, Inc. NYSE: SBOWNYSESBOW)

Crescent Energy Company (NYSECRGY) today announced plans to host a conference call and webcast at 10 a.m. CT, on Tuesday, August 6, 2024 to discuss its second quarter 2024 financial and operating results. The Company plans to release results after market close on Monday, August 5, 2024. The release and supplemental slides will be available on the company’s website at www.crescentenergyco.com.

Crescent Energy Company (NYSECRGY) (“Crescent” or the “Company”), today announced that leading independent proxy advisory firms, Institutional Shareholder Services (“ISS”) and Glass Lewis & Co. (“Glass Lewis”), recommend that Crescent shareholders vote “FOR” the approval of the issuance of shares of Crescent Class A common stock in connection with the Company’s pending merger with SilverBow Resources, Inc. NYSE: SBOWNYSESBOW)

Crescent Energy Company (NYSECRGY) ("Crescent" or the "Company") and SilverBow Resources, Inc. NYSE: SBOWNYSESBOW)

Crescent Energy Company (NYSECRGY) (“we” or “our”) announced today that its indirect subsidiary Crescent Energy Finance LLC (the “Issuer”) has priced its previously announced offer pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), to eligible purchasers of $750 million aggregate principal amount of 7.375% Senior Notes due 2033 (the “Notes”). The Notes mature on January 15, 2033 and pay interest at the rate of 7.375% per year, payable on January 15 and July 15 of each year. The first interest payment on the Notes will be made on January 15, 2025. The Notes were priced at par. The Notes will be guaranteed on a senior unsecured basis by all of the Issuer’s subsidiaries that guarantee its existing notes and the indebtedness under its revolving credit facility (the “revolving credit facility”). This offering is expected to close on June 14, 2024, subject to customary closing conditions.

Crescent Energy Company (NYSECRGY) (“we” or “our”) announced today that, subject to market conditions, its indirect subsidiary Crescent Energy Finance LLC (the “Issuer”) intends to offer for sale pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), to eligible purchasers, $750 million aggregate principal amount of Senior Notes due 2033 (the “Notes”). The Notes will be guaranteed on a senior unsecured basis by all of the Issuer’s subsidiaries that guarantee the Issuer’s existing notes and the indebtedness under its revolving credit facility (the “revolving credit facility”).

Crescent Energy Company (NYSECRGY) (“Crescent” or the “Company”) today announced that S&P Global Ratings (“S&P”) and Fitch Ratings, Inc. (“Fitch”) have taken positive ratings actions on Crescent, pending the closing of the previously announced acquisition of SilverBow Resources, Inc. (“SilverBow”) on May 16, 2024. In addition, Moody’s Ratings (“Moody’s”) reaffirmed its stable outlook. In their releases, the agencies recognized the transaction’s compelling strategic and financial rationale, citing potential for improved scale with complementary Eagle Ford assets, stable free cash flow generation and balance sheet strength.

Crescent Energy Company (NYSECRGY) (“Crescent” or the “Company”) and SilverBow Resources, Inc. NYSE: SBOWNYSESBOW)

Crescent Energy Company (NYSECRGY) (“Crescent” or the “Company”) today announced financial and operating results for the first quarter of 2024. Crescent’s earnings release and supplemental earnings presentation can be accessed via the Investor Relations section of Crescent’s website at https://ir.crescentenergyco.com.

Crescent Energy Company (NYSECRGY) today announced plans to host a conference call and webcast at 10 a.m. CT, on Tuesday, May 7, 2024 to discuss its first quarter 2024 financial and operating results. The Company plans to release results after market close on Monday, May 6, 2024. The release and supplemental slides will be available on the company’s website at https://ir.crescentenergyco.com.

Crescent Energy Finance LLC (“CE Finance”), a wholly owned subsidiary of Crescent Energy Company (NYSECRGY) (“Crescent”), announced today that the tender offer (the “Tender Offer”) commenced on March 19, 2024 to purchase any and all of the outstanding 7.250% Senior Notes due 2026 (the “Notes”) expired at 5:00 p.m. New York City time on March 25, 2024 (the “Expiration Time”).

Crescent Energy Company (NYSECRGY) (“we” or “our”) announced today that its indirect subsidiary Crescent Energy Finance LLC (the “Issuer”) has priced its previously announced private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), to eligible purchasers of $700 million aggregate principal amount of 7.625% Senior Notes due 2032 (the “Notes”). The Notes mature on April 1, 2032 and pay interest at the rate of 7.625% per year, payable on April 1 and October 1 of each year. The first interest payment on the Notes will be made on October 1, 2024. The Notes were priced at par. The Notes will be guaranteed on a senior unsecured basis by all of the Issuer’s subsidiaries that guarantee its existing notes and the indebtedness under its revolving credit facility (the “revolving credit facility”). This offering is expected to close on March 26, 2024, subject to customary closing conditions.

Crescent Energy Finance LLC (“CE Finance”), a wholly owned subsidiary of Crescent Energy Company (“Crescent”) announced today that it has commenced a cash tender offer (the “Tender Offer”) to purchase any and all of the outstanding senior notes (the “Notes”) listed in the following table upon the terms and conditions described in CE Finance’s Offer to Purchase, dated March 19, 2024 (the “Offer to Purchase”).

Crescent Energy Company (NYSECRGY) (“we” or “our”) announced today that, subject to market conditions, its indirect subsidiary Crescent Energy Finance LLC (the “Issuer”) intends to offer for sale in a private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), to eligible purchasers $700 million aggregate principal amount of Senior Notes due 2032 (the “Notes”). The Notes will be guaranteed on a senior unsecured basis by all of the Issuer’s subsidiaries that guarantee the Issuer’s existing notes and the indebtedness under its revolving credit facility (the “revolving credit facility”).

Crescent Energy Company (“Crescent” or the “Company”) (NYSECRGY) today announced the pricing of an underwritten public offering of 12,000,000 shares of its Class A common stock, par value $0.0001 per share (“common stock”), at a price to the public of $10.50 per share, pursuant to a registration statement on Form S-3 (the “Registration Statement”) filed on March 6, 2024 with the U.S. Securities and Exchange Commission (the “SEC”). The common stock is being offered by Independence Energy Aggregator L.P. (the “Selling Stockholder”), the direct owner of the shares being offered and the entity through which certain unaffiliated limited partners and affiliated entities hold their interests in the Company and its subsidiary Crescent Energy OpCo LLC. The Company will not sell any shares of its common stock in the offering and will not receive any proceeds therefrom. In connection with the offering, the Selling Stockholder also granted the underwriters a 30-day option to purchase up to an additional 1,800,000 shares of common stock at the public offering price, less the underwriting discounts and commissions.

Crescent Energy Company (“Crescent” or the “Company”) (NYSECRGY) today announced the commencement of an underwritten public offering of 12,000,000 shares of its Class A common stock, par value $0.0001 per share (“common stock”). The common stock is being offered by Independence Energy Aggregator L.P. (the “Selling Stockholder”), the direct owner of the shares being offered and the entity through which certain unaffiliated limited partners and affiliated entities hold their interests in the Company and its subsidiary Crescent Energy OpCo LLC. The Company will not sell any shares of its common stock in the offering and will not receive any proceeds therefrom. The Selling Stockholder expects to grant the underwriters a 30-day option to purchase up to an additional 1,800,000 shares of common stock at the public offering price, less the underwriting discounts and commissions.

Crescent Energy Company (NYSECRGY) (“Crescent” or the “Company”) today announced its fourth quarter and full year 2023 financial and operating results, as well as its 2024 capital budget and production outlook. Crescent’s earnings release and supplemental earnings presentation can be accessed via the Investor Relations section of Crescent’s website at https://ir.crescentenergyco.com.

Crescent Energy Company (NYSECRGY) today announced plans to host a conference call and webcast at 10 a.m. CT, on Tuesday, March 5, 2024 to discuss its fourth quarter and full year 2023 financial and operating results, as well as its outlook for 2024. The Company plans to release results after market close on Monday, March 4, 2024. The release and supplemental slides will be available on the company’s website at https://ir.crescentenergyco.com.

Crescent Energy Company (NYSECRGY) ("Crescent" or the "Company") today announced that it received the Oil & Gas Methane Partnership’s (“OGMP 2.0”) Gold Standard pathway rating for a second consecutive year. The prestigious rating signifies that a company has a credible multi-year plan to accurately measure its methane emissions.

Crescent Energy Company (NYSECRGY) (“we” or “our”) announced today that its indirect subsidiary Crescent Energy Finance LLC (the “Issuer”) has priced its previously announced private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), to eligible purchasers of $150 million aggregate principal amount of 9.250% Senior Notes due 2028 (the “Notes”). The Notes mature on February 15, 2028 and pay interest at the rate of 9.250% per year, payable on February 15 and August 15 of each year, with interest payments on the Notes commencing on February 15, 2024. The Notes were priced at 102.125% of par, plus accrued and unpaid interest from August 15, 2023. The Issuer intends to use the net proceeds from this offering to repay a portion of the amounts outstanding under its revolving credit facility. This offering is expected to close on December 8, 2023, subject to customary closing conditions.

Crescent Energy Company (NYSECRGY) (“we” or “our”) announced today that, subject to market conditions, its indirect subsidiary Crescent Energy Finance LLC (the “Issuer”) intends to offer for sale in a private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), to eligible purchasers $150 million aggregate principal amount of 9.250% Senior Notes due 2028 (the “Notes”). The Notes are being offered as additional notes under the indenture dated as of February 1, 2023, as previously supplemented (the “Indenture”), pursuant to which the Issuer has previously issued $850 million aggregate principal amount of 9.250% Senior Notes due 2028 (the “Existing Notes”). The Notes will have substantially identical terms, other than the issue date, issue price and first payment date, as the Existing Notes, and the Notes and the Existing Notes will be treated as a single series of securities under the Indenture and will vote together as a single class. The Notes mature on February 15, 2028 and pay interest at the rate of 9.250% per year, payable on February 15 and August 15 of each year, with interest payments on the Notes commencing on February 15, 2024. The Issuer intends to use the net proceeds from this offering to repay a portion of the amounts outstanding under its revolving credit facility.

Crescent Energy Company (NYSECRGY) ("Crescent" or the "Company") today announced results for the third quarter of 2023, published its 2022 Sustainability Report and declared a quarterly cash dividend for the period of $0.12 per share. A supplemental slide deck on third quarter results can be found at www.crescentenergyco.com. The Company plans to host a conference call and webcast at 10 a.m. CT, Tuesday, November 7, 2023. Details can be found in this release.

Crescent Energy Company (NYSECRGY) today announced plans to host a conference call and webcast at 10 a.m. CT, on Tuesday, November 7, 2023 to discuss its third quarter 2023 financial and operating results. The Company plans to release results after market close on Monday, November 6, 2023. The release and supplemental slides will be available on the company’s website at https://ir.crescentenergyco.com.

Crescent Energy Company (NYSECRGY) (“we” or “our”) announced today that its indirect subsidiary Crescent Energy Finance LLC (the “Issuer”) has priced its previously announced private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), to eligible purchasers of $150 million aggregate principal amount of 9.250% Senior Notes due 2028 (the “Notes”). The size of the offering was increased from the previously announced $125 million to $150 million. The Notes mature on February 15, 2028 and pay interest at the rate of 9.250% per year, payable on February 15 and August 15 of each year, with interest payments on the Notes commencing on February 15, 2024. The Notes were priced at 101.125% of par, plus accrued and unpaid interest from August 15, 2023. The Issuer intends to use the net proceeds from this offering to fund a portion of the purchase price for the recently announced acquisition of certain interests in oil and gas properties, rights and related assets located primarily in Dimmit and Webb Counties, Texas (the “August Western Eagle Ford Acquisition”), which is expected to close in September 2023, subject to customary closing conditions, and the remaining net proceeds will be used to repay a portion of the amounts outstanding under its revolving credit facility. The August Western Eagle Ford Acquisition is not contingent upon the completion of this offering, and this offering is not contingent upon the completion of the August Western Eagle Ford Acquisition. If the August Western Eagle Ford Acquisition is not completed, the proceeds of this offering expected to be used therefor will be used for general corporate purposes. This offering is expected to close on September 12, 2023, subject to customary closing conditions.

Crescent Energy Company (NYSECRGY) (“we” or “our”) announced today that, subject to market conditions, its indirect subsidiary Crescent Energy Finance LLC (the “Issuer”) intends to offer for sale in a private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), to eligible purchasers $125 million aggregate principal amount of 9.250% Senior Notes due 2028 (the “Notes”). The Notes are being offered as additional notes under the indenture dated as of February 1, 2023, as previously supplemented, pursuant to which the Issuer has previously issued $700 million aggregate principal amount of 9.250% Senior Notes due 2028 (the “Existing Notes”). The Notes will have substantially identical terms, other than the issue date, issue price and first payment date, as the Existing Notes, and the Notes and the Existing Notes will be treated as a single series of securities under the Indenture and will vote together as a single class. The Notes mature on February 15, 2028 and pay interest at the rate of 9.250% per year, payable on February 15 and August 15 of each year, with interest payments on the Notes commencing on February 15, 2024. The Issuer intends to use the net proceeds from this offering to fund a portion of the purchase price for the recently announced acquisition of certain interests in oil and gas properties, rights and related assets located primarily in Dimmit and Webb Counties, Texas (the “August Western Eagle Ford Acquisition”), which is expected to close in September 2023, subject to customary closing conditions, and any remaining net proceeds for general corporate purposes. The August Western Eagle Ford Acquisition is not contingent upon the completion of this offering, and this offering is not contingent upon the completion of the August Western Eagle Ford Acquisition. If the August Western Eagle Ford Acquisition is not completed, the proceeds of this offering will be used for general corporate purposes.

Crescent Energy Company (“Crescent” or the “Company”) (NYSECRGY) today announced the pricing of an underwritten, upsized public offering of 11,000,000 shares of its Class A common stock, par value $0.0001 per share (“Class A common stock”), at a price to the public of $12.25 per share, pursuant to a registration statement on Form S-3 (the “Registration Statement”) filed previously with the U.S. Securities and Exchange Commission (the “SEC”). The 11,000,000 share offering represents a 1,000,000 share upsize to the originally proposed 10,000,000 share offering.

Crescent Energy Company (“Crescent” or the “Company”) (NYSECRGY) today announced the commencement of an underwritten public offering of 10,000,000 shares of its Class A common stock, par value $0.0001 per share (“Class A common stock”), pursuant to an effective shelf registration statement on Form S-3 (the “Registration Statement”) filed with the U.S. Securities and Exchange Commission (the “SEC”).

Crescent Energy Company (NYSECRGY) today announced that it has entered into a definitive purchase agreement to acquire incremental working interest in its operated Western Eagle Ford assets for total consideration of $250 million in cash, subject to customary purchase price adjustments. The acquisition follows the recent $600 million acquisition of operatorship of the Western Eagle Ford position that closed in July 2023. Additional details have been posted on Crescent’s website at ir.crescentenergyco.com.

Crescent Energy Company (NYSECRGY) ("Crescent" or the "Company") today announced results for the second quarter of 2023 and declared a quarterly cash dividend for the period of $0.12 per share. A supplemental slide deck on its second quarter results can be found at www.crescentenergyco.com. The Company plans to host a conference call and webcast at 10 a.m. CT, Thursday, August 10, 2023. Details can be found in this release.

Crescent Energy Company (NYSECRGY) today announced plans to host a conference call and webcast at 10 a.m. CT, on Thursday, August 10, 2023 to discuss its second quarter 2023 financial and operating results. The Company plans to release results after market close on Wednesday, August 9, 2023. The release and supplemental slides will be available on the company’s website at https://ir.crescentenergyco.com.

Crescent Energy Company (NYSECRGY) (“we” or “our”) announced today that its indirect subsidiary Crescent Energy Finance LLC (the “Issuer”) has priced its previously announced private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), to eligible purchasers of $300 million aggregate principal amount of 9.250% Senior Notes due 2028 (the “Notes”). The size of the offering was increased from the previously announced $250 million to $300 million. The Notes mature on February 15, 2028 and pay interest at the rate of 9.250% per year, payable on February 15 and August 15 of each year. The first interest payment on the Notes will be made on August 15, 2023. The Notes were priced at 98% of par, plus accrued and unpaid interest from February 1, 2023. The Issuer intends to use the net proceeds from this offering to repay a portion of the amounts outstanding under its revolving credit facility. This offering is expected to close on July 20, 2023, subject to customary closing conditions.

Crescent Energy Company (NYSECRGY) (“we” or “our”) announced today that, subject to market conditions, its indirect subsidiary Crescent Energy Finance LLC (the “Issuer”) intends to offer for sale in a private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), to eligible purchasers $250 million aggregate principal amount of 9.250% Senior Notes due 2028 (the “Notes”). The Notes are being offered as additional notes under the indenture (the “Indenture”) pursuant to which the Issuer issued, on February 1, 2023, $400 million aggregate principal amount of 9.250% Senior Notes due 2028 (the “Existing Notes”). The Notes will have substantially identical terms, other than the issue date and issue price, as the Existing Notes, and the Notes and the Existing Notes will be treated as a single series of securities under the Indenture and will vote together as a single class. The Notes mature on February 15, 2028 and pay interest at the rate of 9.250% per year, payable on February 15 and August 15 of each year, with interest payments on the Notes commencing on August 15, 2023. The Issuer intends to use the net proceeds from this offering to repay a portion of the amounts outstanding under its revolving credit facility.

Crescent Energy Company (NYSECRGY) today announced that its credit ratings were upgraded by S&P. Crescent’s credit ratings were also upgraded by Moody’s earlier this year.

Crescent Energy Company (NYSECRGY) today announced the closing of its previously announced acquisition of operatorship and incremental working interest in its existing Western Eagle Ford assets for a total cash consideration of approximately $600 million, subject to customary purchase price adjustments. In addition the Company’s public float increased to 46% from 29% with the previously announced conversion of approximately 28 million private shares to Class A public shares. Both transactions closed on July 3, 2023.

Crescent Energy Company (NYSECRGY) today announced that an affiliate of KKR has notified the Company that it intends to convert and distribute approximately 27.9 million Class A shares to certain of its legacy investors, who are primarily large institutions (the “Class A Conversion”). Following the Class A Conversion, the amount of stock held by non-affiliated public holders will increase from 29% to 46% through the conversion of private Class B shares / OpCo Units into publicly traded Class A shares. Such Class A shares will be subject to customary legal trading restrictions associated with restricted stock. KKR retains its existing 16% ownership, which is held by an indirect subsidiary of KKR & Co. Inc. for its own account and not through its investment funds. KKR remains a long-term investor and has reiterated that it has no present intention of selling its shares in the Company. The conversion is expected to be effective in July 2023.

Crescent Energy Company (NYSECRGY) today announced financial and operating results for the first quarter of 2023 and declared a quarterly cash dividend for the period of $0.12 per share. Crescent has provided a supplemental slide deck on its first quarter results, which can be found at www.crescentenergyco.com. The Company plans to host a conference call and webcast at 10 a.m. CDT, Thursday, May 11, 2023. Details can be found in this release.

Crescent Energy Company (NYSECRGY) (“Crescent” or the “Company”) today announced that it has entered into a definitive purchase agreement to acquire operatorship and incremental working interest in its existing Western Eagle Ford assets from Mesquite Energy, Inc. for total consideration of $600 million in cash, subject to customary purchase price adjustments. The accretive acquisition is consistent with Crescent’s strategy of acquiring high-value, cash flowing assets while maintaining financial strength. The transaction is expected to close early in the third quarter of 2023, subject to customary closing conditions. Additional details have been posted on Crescent’s website at ir.crescentenergyco.com. A conference call to discuss the transaction, as well as the Company’s first quarter financial and operating results, is planned for 10 a.m. CT on May 11, 2023. Participation details are included within this release.

Crescent Energy Company (NYSECRGY) today announced plans to host a conference call and webcast at 10 a.m. CT, on Thursday, May 11, 2023 to discuss its first quarter 2023 financial and operating results. The Company plans to release results after market close on Wednesday, May 10, 2023. The release and supplemental slides will be available on the company’s website at https://ir.crescentenergyco.com.

Crescent Energy Company (NYSECRGY), ("Crescent" or the "Company"), today announced its financial and operating results for the fourth quarter and full year 2022 as well as a quarterly cash dividend of $0.17 per share for the period. Crescent has provided a supplemental slide deck on its results, which can be found at www.crescentenergyco.com. The Company plans to host a conference call and webcast to discuss its fourth quarter and full year 2022 results, as well as its 2023 outlook, at 10 a.m. CT, Wednesday, March 8, 2023. Details can be found in this release.

Crescent Energy Company (NYSECRGY) today announced plans to host a conference call and webcast at 10 a.m. CT, on Wednesday, March 8, 2023 to discuss its fourth quarter and full year 2022 financial and operating results, as well as its outlook for 2023. The Company plans to release results after market close on Tuesday, March 7, 2023. The release and supplemental slides will be available on the company’s website at https://ir.crescentenergyco.com.

Crescent Energy Company (NYSECRGY) (“we” or “our”) announced today that its indirect subsidiary Crescent Energy Finance LLC (the “Issuer”) has priced its previously announced private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), to eligible purchasers of $400 million aggregate principal amount of 9.250% Senior Notes due 2028 (the “Notes”). The Notes mature on February 15, 2028 and pay interest at the rate of 9.250% per year, payable on February 15 and August 15 of each year. The first interest payment on the Notes will be made on August 15, 2023. The Notes were priced at par. The Notes will be guaranteed on a senior unsecured basis by all of the Issuer’s subsidiaries that guarantee its existing notes and the indebtedness under its revolving credit facility. The Issuer intends to use the net proceeds from this offering to repay a portion of the amounts outstanding under its revolving credit facility. This offering is expected to close on February 1, 2023, subject to customary closing conditions.

Crescent Energy Company (NYSECRGY) (“we” or “our”) announced today that, subject to market conditions, its indirect subsidiary Crescent Energy Finance LLC (the “Issuer”) intends to offer for sale in a private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), to eligible purchasers $400 million aggregate principal amount of Senior Notes due 2028 (the “Notes”). The Notes will be guaranteed on a senior unsecured basis by all of the Issuer’s subsidiaries that guarantee the Issuer’s existing notes and the indebtedness under its revolving credit facility. The Issuer intends to use the net proceeds from this offering to repay a portion of the amounts outstanding under its revolving credit facility.

Crescent Energy Company (NYSECRGY), ("Crescent" or the "Company"), today announced that representatives of the Company will be participating in the BofA Leveraged Finance Conference in Boca Raton, Florida on November 29, 2022.

Crescent Energy Company (NYSECRGY), ("Crescent" or the "Company"), today announced that representatives of the Company will be participating in the BofA Global Energy Conference in Miami, Florida on November 17, 2022.

Crescent Energy Company (NYSECRGY), ("Crescent" or the "Company"), today announced financial and operating results for the third quarter of 2022 and a quarterly cash dividend of $0.17 per share. Crescent has provided a supplemental slide deck on its third quarter results, which can be found at www.crescentenergyco.com. The Company plans to host its third quarter conference call and webcast at 10 a.m. CT, Thursday, November 10, 2022. Details can be found in this release.

Crescent Energy Company (NYSECRGY) today announced plans to host a conference call and webcast to discuss its third quarter 2022 financial and operating results at 10 a.m. CT, on Thursday, November 10, 2022. The Company plans to release results after market close on Wednesday, November 9, 2022. The earnings release and presentation for the third quarter 2022 results will be available on the company’s website at https://ir.crescentenergyco.com.

Crescent Energy Company (NYSECRGY) ("Crescent" or the "Company") today announced amendments to its revolving credit facility (the “Credit Facility”), effective September 23, 2022. The amendments were recently approved by the 11 member banks supporting the facility and reflect the strength of the business, an outlook for substantial cash flow, growing proved reserves and a strong balance sheet.

Crescent Energy Company (NYSECRGY) (“Crescent” or the “Company”) today released its second environmental, social and governance (“ESG”) report discussing the Company’s activities in 2021 and setting ambitious targets for ESG performance. The report includes benchmarks for measuring future performance, consistent with Crescent’s commitment to aligning with the SASB and Task Force on Climate-related Financial Disclosures (“TCFD”) frameworks. The full report can be found at: www.crescentenergyco.com/#esg.

Crescent Energy Company (“Crescent” or the “Company”) (NYSECRGY) today announced the pricing of an underwritten public offering of 5,000,000 shares of its Class A common stock, par value $0.0001 per share (“Class A common stock”), at a price to the public of $15.00 per share, pursuant to a registration statement on Form S-1 (the “Registration Statement”) filed previously with the U.S. Securities and Exchange Commission (the “SEC”). The Class A common stock is being offered by Independence Energy Aggregator L.P., the direct beneficial owner of the shares being offered and the entity through which certain unaffiliated limited partners and affiliated entities hold their interests in the Company and its subsidiary Crescent Energy OpCo LLC. The Company will not sell any shares of its Class A common stock in the offering and will not receive any proceeds therefrom. In connection with the offering, the selling stockholder also granted the underwriters a 30-day option to purchase up to an additional 750,000 shares of Class A common stock at the public offering price, less the underwriting discounts and commissions.

Crescent Energy Company (“Crescent” or the “Company”) (NYSECRGY) today announced the commencement of an underwritten public offering of 5,000,000 shares of its Class A common stock, par value $0.0001 per share (“Class A common stock”), pursuant to a registration statement on Form S-1 filed with the U.S. Securities and Exchange Commission (the “SEC”). The Class A common stock is being offered by Independence Energy Aggregator L.P., the direct beneficial owner of the shares being offered and the entity through which certain unaffiliated limited partners and affiliated entities hold their interests in the Company and its subsidiary Crescent Energy OpCo LLC. The Company will not sell any shares of its Class A common stock in the offering and will not receive any proceeds therefrom. The selling stockholder expects to grant the underwriters a 30-day option to purchase up to an additional 750,000 shares of Class A common stock at the public offering price, less the underwriting discounts and commissions.

Crescent Energy Company (NYSECRGY), ("Crescent" or the "Company"), today announced financial and operating results for the second quarter of 2022 and a quarterly cash dividend of $0.17 per share. The Company plans to host a conference call and webcast to discuss the results at 10 a.m. CT, Wednesday, August 10, 2022. Details can be found in this release.

Crescent Energy Company (NYSECRGY) today announced plans to host a conference call and webcast to discuss its second quarter 2022 financial and operating results at 10 a.m. CT, on Wednesday, August 10, 2022. The Company plans to release results after market close on Tuesday, August 9, 2022. The earnings release and presentation for the second quarter 2022 results will be available on the company’s website at https://ir.crescentenergyco.com.

Crescent Energy Company (NYSECRGY) today announced financial and operating results for the first quarter of 2022 and increased its quarterly cash dividend by 40% to $0.17 per share. The Company plans to host a conference call and webcast to discuss the results at 10 a.m. CT, Wednesday, May 11, 2022. Details can be found in this release.

Crescent Energy (NYSECRGY) today announced plans to host a conference call and webcast to discuss its first quarter 2022 financial and operating results at 10 a.m. CT, on Wednesday, May 11, 2022. The Company plans to release results after market close on Tuesday, May 10, 2022. The earnings release and presentation for the first quarter 2022 results will be available on the company’s website at https://ir.crescentenergyco.com.

Crescent Energy Company (NYSECRGY) today announced the closing of its previously announced acquisition of Uinta Basin assets. Total cash consideration at closing was approximately $690 million.

Crescent Energy today announced plans to host a conference call and webcast to discuss its full-year 2021 financial and operating results at 10 a.m. CT, on Thursday, March 10, 2022. The Company plans to release results after market close on Wednesday, March 9, 2022. The earnings release and presentation for the full-year 2021 results will be available on the company’s website at https://ir.crescentenergyco.com.

Crescent Energy Company (NYSECRGY) today announced that it has entered into a definitive purchase agreement with Verdun Oil Company II LLC to acquire Uinta Basin assets previously owned by EP Energy for $815 million, subject to customary purchase price adjustments. The all-cash transaction, expected to close in the first half of 2022, will be funded through the company’s revolving credit facility and cash on hand. Closing is subject to customary closing conditions, including certain regulatory approvals. The acquisition is consistent with Crescent’s strategy to acquire high-value & accretive, cash flowing assets while maintaining financial strength. Additional details have been posted on Crescent’s website at www.crescentenergyco.com. Crescent plans to share additional information on the transaction along with its fourth quarter and year-end 2021 conference call in early March 2022.

Crescent Energy Company (NYSECRGY) today announced its membership in the Oil & Gas Methane Partnership (OGMP) 2.0 Initiative to enhance the company’s reporting of methane emissions. The OGMP 2.0 framework is the leading industry standard for methane emissions reporting, allowing a company to assess its emissions footprint by asset and create targeted emissions reduction programs. By adopting this rigorous reporting standard to quantify methane leaks, Crescent Energy is establishing an operational culture focused on emissions reduction.

Crescent Energy Company (NYSECRGY) (“we” or “our”) announced today that its indirect subsidiary Crescent Energy Finance LLC (the “Issuer”) has priced its previously announced private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), to eligible purchasers of $200 million aggregate principal amount of 7.250% Senior Notes due 2026 (the “Notes”). The size of the offering was increased from the previously announced $150 million to $200 million. The Notes mature on May 1, 2026, pay interest at the rate of 7.250% per year, payable on May 1 and November 1 of each year. The first interest payment on the Notes will be made on May 1, 2022. The Notes were priced at 101% of par, plus accrued and unpaid interest from November 1, 2021. This offering is expected to close on February 10, 2022, subject to customary closing conditions.

Crescent Energy Company (NYSECRGY) (“we” or “our”) announced today that, subject to market conditions, its indirect subsidiary Crescent Energy Finance LLC (the “Issuer”) intends to offer for sale in a private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), to eligible purchasers $150 million aggregate principal amount of 7.250% Senior Notes due 2026 (the “Notes”). The Notes are being offered as additional notes under the indenture (the “Indenture”) pursuant to which the Issuer issued, on May 6, 2021, $500 million aggregate principal amount of 7.250% Senior Notes due 2026 (the “Existing Notes”). The Notes will have substantially identical terms, other than the issue price, the issue date and the first interest payment date, as the Existing Notes, and the Notes and the Existing Notes will be treated as a single class of securities under the Indenture. The Notes mature on May 1, 2026 and pay interest at the rate of 7.250% per year, payable on May 1 and November 1 of each year. The Issuer intends to use the net proceeds from this offering to repay a portion of the amounts outstanding under its revolving credit facility.

Crescent Energy Company (NYSECRGY) today provided initial 2022 guidance and an updated corporate presentation in conjunction with scheduled analyst and investor meetings. In addition, the Company disclosed its year-end 2021 proved reserves. Complete fourth quarter and year-end 2021 financial and operating results are currently scheduled for release in early March 2022.