Crescent Energy (CRGY) Jumps 7.76% on Swing to Profits

We recently published 10 Stocks Ending February With a Bang. Crescent Energy Company (NYSE:CRGY) was one of the best performers on Friday.

Crescent Energy rallied for a second day on Friday, jumping 7.76 percent to close at $11.66 apiece, as investors gobbled up shares after the oil and gas firm swung to profitability last year.

In an earnings call, Crescent Energy Company (NYSE:CRGY) said that it incurred an attributable net income of $132.9 million, reversing a $114.6 million net loss in 2024. Revenues also grew by 22 percent to $3.58 billion from $2.93 billion year-on-year.

Total production averaged 260 MBoe/d with 104 MBo/d of oil during the year, exceeding its guidance.

In the fourth quarter alone, the company remained at an attributable net loss of $8.66 million, marking a 93 percent improvement from the $118 million attributable net loss in the same period a year earlier. Total revenues dipped by 1 percent to $865 million from $875 million.

Meanwhile, total production averaged 268 MBoe/d with 106 Mbo/d of oil production.

For this year, Crescent Energy Company (NYSE:CRGY) said that it is targeting to produce between 320 and 335 MBoe/d.

In other news, Crescent Energy Company (NYSE:CRGY) approved the distribution of dividends amounting to $0.12 per share to all shareholders on record as of March 11, 2026, payable on March 25.

It also raised and extended its ongoing share repurchase program to $400 million from $150 million previously, of which $33 million has been successfully bought back.

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