Crescent Energy Company

Worth knowing

• Stock pay outran buybacks. Stock-based pay expense $514M vs $41M spent repurchasing shares over the 3 fiscal years to 2025.

  Over three fiscal years Crescent Energy recorded $514M of stock-based pay expense and spent $41M repurchasing shares (repurchases can include shares withheld to cover employees' taxes). Repurchases were smaller than the stock pay, so they did little to offset new employee shares.Over three fiscal years Crescent Energy recorded $514M of stock-based pay expense and spent $41M repurchasing shares. Repurchases were smaller than the stock pay, so they did little to offset new employee shares.

• Valuation signals disagree. Cheaper than 86% of peers on operating cash profit (EBITDA), but only 21% on earnings.Cheaper than 86% of peers on operating cash profit, but only 21% on earnings.

  Relative to its operating cash profit (EBITDA), Crescent Energy looks cheaper than 86% of peers; relative to its earnings, cheaper than only 21%. The valuation score blends the two, so look at which measure fits this business best.Relative to its operating cash profit, Crescent Energy looks cheaper than 86% of peers; relative to its earnings, cheaper than only 21%. The valuation score blends the two, so look at which measure fits this business best.

• Cash flow well above reported profit. Free cash flow is 8.4× reported profit.

  Free cash flow is 8.4× reported profit. Large non-cash charges, such as depreciation, amortization or stock-based pay, reduce reported profit without using cash.

• Fast revenue growth. Revenue grew 24% in the 12 months to June 2026 vs the 12 months before, faster than 88% of peers.

  Revenue grew 24% in the 12 months to June 2026 vs the 12 months before, faster than 88% of its peers.