Crescent Energy Co
For the period ended Oct 8, 2026. Filed Oct 8, 2026.
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Oct 8, 2026 · Filed Oct 8, 2026
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CRGY$11.22+0.7%Stored close · as of Nov 6, 2026
Contents
EX-99.5 · (in thousands, except per share data)
(in thousands, except per share data)
| Crescent (Historical) · Devon EF Assets (Historical) · Transaction Accounting Adjustments · Crescent Pro Forma Combined | |||||
|---|---|---|---|---|---|
| Revenues: | |||||
| Oil | $2,120,146 | $— | $682,285(a) | $2,802,431 | |
| Natural gas | 192,141 | — | 44,473(a) | 236,614 | |
| Natural gas liquids | 254,478 | — | 60,371(a) | 314,849 | |
| Midstream and other | 11,019 | — | — | 11,019 | |
| Operating revenues | — | 787,129 | (787,129)(a) | — | |
| Total revenues | 2,577,784 | 787,129 | — | 3,364,913 | |
| Expenses: | |||||
| Lease and asset operating expense | 441,278 | — | 93,453(a) | 534,731 | |
| Workover expense | 63,245 | — | — | 63,245 | |
| Gathering, processing and transportation | 196,554 | — | 29,748(a) | 226,302 | |
| Production and other taxes | 124,707 | — | 39,955(a) | 164,662 | |
| Direct operating expenses | — | 163,156 | (163,156)(a) | — | |
| Depreciation, depletion and amortization | 712,129 | — | 263,934(b) | 976,063 | |
| Impairment of oil and natural gas properties | — | — | — | — | |
| Exploration expense | 6,885 | — | — | 6,885 | |
| Midstream and other operating expense | 10,904 | — | — | 10,904 | |
| General and administrative expense | 124,294 | — | — | 124,294 | |
| Gain on sale of assets | (10,690) | — | — | (10,690) | |
| Total expenses | 1,669,306 | 163,156 | 263,934 | 2,096,396 | |
| Income (loss) from operations | 908,478 | 623,973 | (263,934) | 1,268,517 | |
| Other income (expense): | |||||
| Loss on derivatives | (524,708) | — | — | (524,708) | |
| Interest expense | (204,397) | — | (132,760)(c) | (337,157) | |
| Loss from extinguishment of debt | (17,397) | — | — | (17,397) | |
| Other income (expense) | 144 | — | — | 144 | |
| Income (loss) from equity affiliates | 56 | — | — | 56 | |
| Total other income (expense) | (746,302) | — | (132,760) | (879,062) | |
| Income (loss) before taxes | 162,176 | 623,973 | (396,694) | 389,455 | |
| Income tax expense | (87,648) | — | (50,001)(d) | (137,649) | |
| Net income (loss) | 74,528 | 623,973 | (446,695) | 251,806 | |
| Less: net income attributable to noncontrolling interests | (1,610) | — | — | (1,610) | |
| Net income (loss) attributable to Crescent Energy | $72,918 | $623,973 | $(446,695) | $250,196 | |
| Net income (loss) per share: | |||||
| Class A common stock – basic | $0.22 | $0.76(g) | |||
| Class A common stock – diluted | $0.21 | $0.69(g) | |||
| Class B common stock – basic and diluted | $— | $— | |||
| Weighted average shares outstanding: | |||||
| Class A common stock – basic | 329,283 | 329,283 | |||
| Class A common stock – diluted | 366,832 | 366,832 | |||
| Class B common stock – basic and diluted | — | — | |||
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