CRGY
Crescent Energy Company [CRGY] Stock Forecast
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Crescent Energy Company (CRGY) Q4 2022 Earnings Call Transcript
Crescent Energy Company (NYSE:CRGY ) Q4 2022 Earnings Conference Call March 8, 2023 11:00 AM ET Company Participants Emily Newport - Senior Vice President, Finance and IR David Rockecharlie - Chief Executive Officer Brandi Kendall - Chief Financial Officer Todd Falk - Chief Accounting Officer Ben Conner - Executive Vice President Clay Rynd - Executive Vice President Conference Call Participants Neil Dingman - Truist Securities John Abbott - Bank of America Operator Greetings. And welcome to the Crescent Energy Fourth Quarter and Full Year 2022 Results Conference Call.
Crescent Energy Schedules Fourth Quarter and Full Year 2022 Earnings Release and Conference Call
HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY) today announced plans to host a conference call and webcast at 10 a.m. CT, on Wednesday, March 8, 2023 to discuss its fourth quarter and full year 2022 financial and operating results, as well as its outlook for 2023. The Company plans to release results after market close on Tuesday, March 7, 2023. The release and supplemental slides will be available on the company's website at https://ir.crescentenergyco.com.
New Strong Sell Stocks for February 14th
COLM, CRGY and APPS have been added to the Zacks Rank #5 (Strong Sell) List on February 14, 2023.
Buybacks Or Dividends? What Worked Better So Far
As oil and gas companies have shifted from survival to cash generation mode, their capital return strategies have come into focus. Some U.S. independents prioritize buybacks while others rely on dividends; few companies employ a mix of both strategies.
Crescent Energy: Growth Ahead
A low decline cash flow was the first priority. Now organic growth will likely be pursued.
Crescent Energy: How To Handle More Public Shares
The company recently repurchased shares from a secondary offering. The repurchase reduces the need to find buyers for the additional public float. The time of post offering share weakness is likely to be smaller.
Crescent Energy Company (CRGY) Q3 2022 Earnings Call Transcript
Crescent Energy Company (NYSE:CRGY ) Q3 2022 Results Conference Call November 10, 2022 11:00 AM ET Company Participants Brandi Kendall - Chief Financial Officer David Rockecharlie - Chief Executive Officer Todd Falk - Chief Accounting Officer Benjamin Connor - Executive Vice Presidents Conference Call Participants Neil Dingman - Truist Securities Lloyd Byrne - Jefferies Tarek Hamid - JP Morgan Brandi Kendall Good morning and thank you for joining Crescent's third quarter 2022 earnings call. Our prepared remarks today will come from our CEO, David Rockecharlie, and myself, Todd Falk, Chief Accounting Officer and Ben Connor and Clay Rynd both Executive Vice Presidents are also here today and available during Q&A.
Crescent Energy Schedules Third Quarter 2022 Earnings Release and Conference Call
HOUSTON--(BUSINESS WIRE)---- $CRGY--Crescent Energy Company (NYSE: CRGY) today announced plans to host a conference call and webcast to discuss its third quarter 2022 financial and operating results at 10 a.m.
Crescent Energy: Buy Good Management
Good management usually surprises to the upside. KKR is known for earning a return far in excess of typical investors.
Crescent Energy: Now With A 5% Dividend Yield
Shares of oil and gas concern Crescent Energy Company have fallen by some 30% from highs earlier this year. With reduced correlation to energy prices and trading at an EV/FY22E EBITDAX of 2.8, the recent broad insider buying merited a deeper dive into this quasi-anonymous company.
CRGY Financial details
CRGY Financial Performance
Yearly Fundamentals Overview
Last date of statement is 2022-12-31
| Metric | History | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 |
|---|---|---|---|---|---|---|
| Revenue per share | 27.82 | 25.23 | 17.5 | 8.71 | 69.69 | |
| Net income per share | 6.47 | 0 | -2.75 | -0.11 | 2.2 | |
| Operating cash flow per share | 10.93 | 11.27 | 9.54 | 1.38 | 23.08 | |
| Free cash flow per share | -27.8 | 3.41 | 6.61 | -0.22 | 23.08 | |
| Cash per share | 0 | 0.46 | 0.86 | 0.76 | 0 | |
| Book value per share | 0 | 43.66 | 63.04 | 4.03 | 19.66 | |
| Tangible book value per share | 0 | 62.93 | 67.13 | 17.36 | 75.21 | |
| Share holders equity per share | 0 | 43.66 | 63.04 | 4.03 | 19.66 | |
| Interest debt per share | 0 | 24.46 | 18.86 | 6.73 | 30.87 | |
| Market cap | 724.93M | 724.93M | 724.93M | 2.15B | 525.94M | |
| Enterprise value | 0 | 1.71B | 1.46B | 3.11B | 1.78B | |
| P/E ratio | 2.6 | 0 | -6.11 | -110.92 | 5.44 | |
| Price to sales ratio | 0.6 | 0.67 | 0.96 | 1.46 | 0.17 | |
| POCF ratio | 1.54 | 1.49 | 1.76 | 9.22 | 0.52 | |
| PFCF ratio | -0.61 | 4.94 | 2.54 | -57.26 | 0.52 | |
| P/B Ratio | 0 | 0.39 | 0.27 | 3.15 | 0.61 | |
| PTB ratio | 0 | 0.39 | 0.27 | 3.15 | 0.61 | |
| EV to sales | 0 | 1.57 | 1.94 | 2.11 | 0.58 | |
| Enterprise value over EBITDA | 0 | 3.17 | 5.01 | 9.05 | 2.34 | |
| EV to operating cash flow | 0 | 3.51 | 3.56 | 13.34 | 1.76 | |
| EV to free cash flow | 0 | 11.61 | 5.14 | -82.89 | 1.76 | |
| Earnings yield | 0.38 | 0 | -0.16 | -0.01 | 0.18 | |
| Free cash flow yield | -1.65 | 0.2 | 0.39 | -0.02 | 1.92 | |
| Debt to equity | 0 | 0.68 | 0.37 | 3.13 | 3.16 | |
| Debt to assets | 0 | 0.32 | 0.26 | 0.41 | 0.45 | |
| Net debt to EBITDA | 0 | 1.82 | 2.53 | 2.8 | 1.65 | |
| Current ratio | 0 | 0.83 | 1.83 | 0.78 | 0.58 | |
| Interest coverage | 7.61 | 4.24 | -9.8 | 9.53 | 13.39 | |
| Income quality | 1.25 | 10.39 | -1.9 | -0.54 | 2.11 | |
| Dividend Yield | 0.24 | 0.17 | 0.08 | 0.02 | 0.05 | |
| Payout ratio | 0.62 | 0 | -0.52 | -1.82 | 0.28 | |
| Sales general and administrative to revenue | 0.02 | 0.01 | 0.03 | 0.04 | 0.03 | |
| Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
| Intangibles to total assets | 0 | 0 | 0 | 0.01 | 0 | |
| Capex to operating cash flow | -3.54 | -0.7 | -0.31 | -1.16 | 0 | |
| Capex to revenue | -1.39 | -0.31 | -0.17 | -0.18 | 0 | |
| Capex to depreciation | 0 | 0 | -4.2 | 0 | 0 | |
| Stock based compensation to revenue | 0.01 | 0 | 0 | 0.03 | 0.01 | |
| Graham number | 0 | 0 | 62.49 | 3.22 | 31.22 | |
| ROIC | 0 | 0.06 | -0.1 | 0.1 | 0.2 | |
| Return on tangible assets | 0 | 0 | -0.03 | 0 | 0.02 | |
| Graham Net | 0 | -27.57 | -20.73 | -10.34 | -54.21 | |
| Working capital | 0 | -35.06M | 99.78M | -136.51M | -377.01M | |
| Tangible asset value | 0 | 2.71B | 2.89B | 2.94B | 3.3B | |
| Net current asset value | 0 | -1.12B | -793.76M | -1.66B | -2.2B | |
| Invested capital | 0 | 0.53 | 0.29 | 1.6 | 1.46 | |
| Average receivables | 0 | 0 | 107.56M | 227.01M | 399.63M | |
| Average payables | 0 | 0 | 37.45M | 60.02M | 61.83M | |
| Average inventory | 0 | 0 | 0 | 0 | 0 | |
| Days sales outstanding | 0 | 34.68 | 54.11 | 84.57 | 54.57 | |
| Days payables outstanding | 0 | 72.77 | 43.4 | 143.92 | 18.94 | |
| Days of inventory on hand | 0 | 0 | 0 | 0 | 0 | |
| Receivables turnover | 0 | 10.53 | 6.74 | 4.32 | 6.69 | |
| Payables turnover | 0 | 5.02 | 8.41 | 2.54 | 19.27 | |
| Inventory turnover | 0 | 0 | 0 | 0 | 0 | |
| ROE | 0 | 0 | -0.04 | -0.03 | 0.11 | |
| Capex per share | -38.73 | -7.86 | -2.93 | -1.6 | 0 |
Quarterly Fundamentals Overview
Last date of statement is 2022-12-31 for Q4
| Metric | History | 2021-12-31 | 2022-03-31 | 2022-06-30 | 2022-09-30 | 2022-12-31 |
|---|---|---|---|---|---|---|
| Revenue per share | 8.66 | 3.53 | 5.36 | 20.02 | 14.18 | |
| Net income per share | -2.53 | -0.5 | 0.32 | 2.74 | 0.18 | |
| Operating cash flow per share | 0.5 | 0.81 | 1.54 | 9.23 | 4.45 | |
| Free cash flow per share | -0.22 | -3.4 | 0.63 | 29.32 | 4.45 | |
| Cash per share | 0.75 | 0.66 | 0.32 | 0.52 | 0 | |
| Book value per share | 4 | 2.47 | 3.63 | 19.65 | 17.86 | |
| Tangible book value per share | 17.25 | 14.93 | 16 | 73.9 | 68.33 | |
| Share holders equity per share | 4 | 2.47 | 3.63 | 19.65 | 17.86 | |
| Interest debt per share | 6.04 | 10.03 | 9.39 | 32.57 | 26.63 | |
| Market cap | 2.16B | 2.94B | 2.12B | 581.86M | 578.9M | |
| Enterprise value | 3.12B | 4.51B | 3.63B | 1.94B | 1.84B | |
| P/E ratio | -1.25 | -8.64 | 9.7 | 1.23 | 16.47 | |
| Price to sales ratio | 1.46 | 4.91 | 2.33 | 0.67 | 0.85 | |
| POCF ratio | 25.6 | 21.41 | 8.1 | 1.46 | 2.69 | |
| PFCF ratio | -58.35 | -5.09 | 19.66 | 0.46 | 2.69 | |
| P/B Ratio | 3.17 | 7.02 | 3.44 | 0.69 | 0.67 | |
| PTB ratio | 3.17 | 7.02 | 3.44 | 0.69 | 0.67 | |
| EV to sales | 2.11 | 7.53 | 3.99 | 2.24 | 2.68 | |
| Enterprise value over EBITDA | -18.28 | 511.41 | 15.85 | 5.9 | 9.41 | |
| EV to operating cash flow | 36.88 | 32.85 | 13.89 | 4.86 | 8.54 | |
| EV to free cash flow | -84.06 | -7.82 | 33.71 | 1.53 | 8.54 | |
| Earnings yield | -0.2 | -0.03 | 0.03 | 0.2 | 0.02 | |
| Free cash flow yield | -0.02 | -0.2 | 0.05 | 2.18 | 0.37 | |
| Debt to equity | 3.13 | 8.52 | 5.66 | 3.49 | 3.16 | |
| Debt to assets | 0.41 | 0.58 | 0.56 | 0.48 | 0.45 | |
| Net debt to EBITDA | -5.59 | 178.12 | 6.6 | 4.13 | 6.44 | |
| Current ratio | 0.78 | 0.53 | 0.52 | 0.56 | 0.58 | |
| Interest coverage | -9.53 | 15.91 | 20.04 | 15.43 | 3.79 | |
| Income quality | 0.5 | -0.34 | 0.93 | 0.72 | 4.36 | |
| Dividend Yield | 0 | 0 | 0 | 0.01 | 0.01 | |
| Payout ratio | 0 | -0.06 | 0.14 | 0.05 | 0.93 | |
| Sales general and administrative to revenue | 0.05 | 0.05 | 0.05 | 0.02 | 0.04 | |
| Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
| Intangibles to total assets | 0.01 | 0.01 | 0.01 | 0.01 | 0 | |
| Capex to operating cash flow | -1.44 | -5.2 | -0.59 | 0 | 0 | |
| Capex to revenue | -0.08 | -1.19 | -0.17 | 0 | 0 | |
| Capex to depreciation | 0 | -7.21 | 0 | 0 | 0 | |
| Stock based compensation to revenue | 0.02 | 0.02 | 0.01 | 0.01 | 0.02 | |
| Graham number | 15.1 | 5.28 | 5.13 | 34.81 | 8.55 | |
| ROIC | 0.1 | 0.04 | 0.08 | 0.06 | 0.02 | |
| Return on tangible assets | -0.09 | -0.01 | 0.01 | 0.02 | 0 | |
| Graham Net | -10.27 | -18.11 | -17.6 | -59.01 | -49.25 | |
| Working capital | -136.51M | -584.82M | -617.53M | -459.41M | -377.01M | |
| Tangible asset value | 2.94B | 2.53B | 2.71B | 3.19B | 3.3B | |
| Net current asset value | -1.66B | -2.92B | -2.81B | -2.38B | -2.2B | |
| Invested capital | 1.59 | 4.02 | 2.55 | 1.63 | 1.46 | |
| Average receivables | 307.96M | 427.77M | 554.76M | 557.36M | 487.8M | |
| Average payables | 49.98M | 114.18M | 159.4M | 113.21M | 33.81M | |
| Average inventory | 0 | 0 | 0 | 0 | 0 | |
| Days sales outstanding | 20.85 | 77.14 | 59.07 | 53.95 | 60.07 | |
| Days payables outstanding | 0 | 125.61 | 157.75 | 24.8 | 15.82 | |
| Days of inventory on hand | 0 | 0 | 0 | 0 | 0 | |
| Receivables turnover | 4.32 | 1.17 | 1.52 | 1.67 | 1.5 | |
| Payables turnover | 0 | 0.72 | 0.57 | 3.63 | 5.69 | |
| Inventory turnover | 0 | 0 | 0 | 0 | 0 | |
| ROE | -0.63 | -0.2 | 0.09 | 0.14 | 0.01 | |
| Capex per share | -0.71 | -4.21 | -0.91 | 0 | 0 |
CRGY Frequently Asked Questions
What is Crescent Energy Company stock symbol ?
Crescent Energy Company is a US stock , located in Houston of Tx and trading under the symbol CRGY
What is Crescent Energy Company stock quote today ?
Crescent Energy Company stock price is $10.32 today.
Is Crescent Energy Company stock public?
Yes, Crescent Energy Company is a publicly traded company.
Company Profile
- Volume Average 347.49K
- Market Capitalization 1.72B
- CEO Mr. David C. Rockecharlie
- Headquarters Houston,TX,US
- IPO Date 2021-12-08
-
Website
https://www.crescentenergyco.com 
Crescent Energy Company, an energy company, explores for, develops, and produces crude oil, natural gas, and natural gas liquids (NGLs) reserves. The company holds a portfolio of oil and natural gas assets in key proven basins, including the Eagle Ford, Rockies, Barnett, Permian, Mid-Con, and other basins in the United States. As of December 31, 2021, it had 1,528 gross undrilled locations, including 567 gross operated drilling locations; and 531.6 net million barrels of oil equivalent of proved reserves. The company was founded in 2020 and is based in Houston, Texas.
