reported Thursday that it expects to record approximately $40 million in total cash paid on its commodity derivative positions for the three months ended March 31, 2026. The preliminary figures were disclosed in a press release statement filed with the Securities and Exchange Commission.The derivative settlements come as the company manages a significant debt burden of $5.5 billion while navigating volatile commodity markets. Despite these hedging costs, CRGY shares have surged 57% over the past year, trading at $12.65—below InvestingPro’s Fair Value estimate, suggesting the stock remains undervalued. For deeper insights, investors can access CRGY’s comprehensive Pro Research Report, one of 1,400+ available on the platform.
According to the filing, Crescent Energy anticipates net cash paid of $101 million on the settlement of derivatives, offset by $61 million received from the settlement of certain oil, gas, and natural gas liquids derivative contracts acquired in connection with the SilverBow and Vital mergers. The resulting total cash paid on derivative settlements for the quarter is projected to be $40 million.
The company noted that these figures are preliminary and subject to change. Final results for the quarter ended March 31, 2026, will be reported in Crescent Energy’s upcoming Quarterly Report on Form 10-Q.
The filing also stated that the reported amounts exclude a $15 million settlement related to contingent earn-out consideration from the Ridgemar Acquisition.
Crescent Energy is incorporated in Delaware and is headquartered in Houston, Texas. Its Class A common stock is listed on the New York Stock Exchange under the ticker symbol CRGY.
The information provided in the SEC filing is based on management’s current expectations and remains subject to risks and uncertainties that could cause actual results to differ.
In other recent news, Crescent Energy has made several noteworthy announcements and developments. The company priced a private placement offering of $600 million in 2.75% Convertible Senior Notes due 2031, which was an increase from the initially planned $400 million. This upsized bond offering aims to provide Crescent Energy with material annual savings through a low coupon and capped call strategy, extending maturities to 2031 and lowering the cost of capital. William Blair reiterated an Outperform rating on the stock following this announcement, highlighting the financial flexibility the offering provides.
Additionally, Raymond James raised its price target on Crescent Energy to $19.00 from $15.00, maintaining a Strong Buy rating. The firm anticipates Crescent Energy’s fiscal year 2026 capital expenditures to align with company guidance and Street consensus at approximately $1.37 billion. Wells Fargo also increased its price target for Crescent Energy, moving it to $14.00 from $13.00, while maintaining an Overweight rating. They noted that Crescent Energy has entered the current oil price rally with significant hedging, with 66% of its fiscal year 2026 oil volumes hedged at prices below the current strip. These developments reflect Crescent Energy’s strategic financial maneuvers and the resulting analyst confidence in the company’s outlook.
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