2023-05-10 16:39:42 ET
- Crescent Energy Company press release ( NYSE: CRGY ): Q1 GAAP EPS of $1.24 beats by $0.78 .
- Revenue of $590.14M (-1.5% Y/Y) beats by $98.5M .
- Generated $232 million of Adjusted EBITDAX (1) and $240 million of Operating Cash Flow
- Produced 137 MBoe/d; oil and liquids composed of 43% and 57% of volumes, respectively
- Capital investments totaled $202 million, in line with expectations for the year; annual capex guidance unchanged
- Exited the first quarter at 1.0x Net LTM Leverage (1) , in line with the Company's long-term target
- Greater than $1 billion of liquidity at quarter-end, following successful $400 million opportunistic high yield offering in February.
- Shares -0.47% .
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Crescent Energy Company GAAP EPS of $1.24 beats by $0.78, revenue of $590.14M beats by $98.5M