Crescent Energy Co

Crescent is an energy company focused on acquiring and operating oil and natural gas assets. The company's activities are concentrated in the Eagle Ford, Permian, and Uinta Basins. Crescent also owns mineral and royalty interests across premier U.S. oil and natural gas basins, with a primary focus in the Eagle Ford. These interests are mainly operated by large, well-capitalized companies. Crescent's portfolio includes onshore oil and natural gas assets where it holds working interests. As of December 31, 2025, approximately 96% of its acreage position is held by production. This portfolio is characterized by a stable production base and a lower decline rate, which requires relatively modest capital expenditures to maintain production levels and cash flows. The company maintains an inventory of attractive operated undeveloped locations. Crescent's strategy involves selectively acquiring cash flow-oriented assets, operating them efficiently, and making returns-focused reinvestment decisions. The company's portfolio is also enhanced by midstream infrastructure investments. Crescent's Class A Common Stock trades on the NYSE under the symbol "CRGY."