Crescent Energy (CRGY) FY2024 results: revenue $2.9 billion, up 23.0% on the year
Crescent Energy Co. (CRGY) reported revenue of $2.9 billion for fiscal 2024, the year ended 31 December 2024, up 23.0% on the year before. Net income was -$115 million, and diluted earnings per share $-0.88. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2025.
Revenue
$2.9 billion
+23.0% on the year
FY2019FY2024
Operating margin
7.5%
13.6% a year earlier
FY2019FY2024
Net income
-$115 million
FY2019FY2024
Diluted EPS
-$0.88
FY2019FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,223
936
1,012
+30.7%
Cash from investing
-1,198
-1,399
-1,124
Cash from financing
207
456
-7.8
-54.6%
Depreciation and amortisation
949
676
533
+40.5%
Share-based compensation
186
82.9
38.1
+123.8%
Buybacks
7.8
0.0
0.0
Dividends paid
65.1
34.1
27.5
+90.7%
Diluted shares, weighted
131m
67m
44m
+93.9%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
3,140
1,735
862
+81.0%
Redeemable equity
1,228
1,901
2,437
-35.4%
Debt
3,049
1,694
1,248
+80.0%
Finance lease liabilities
3.5
7.1
7.4
-50.1%
Other liabilities
1,740
1,466
1,466
+18.7%
Total liabilities and equity
9,161
6,803
6,020
+34.6%
Goodwill
n/a
0.0
0.0
Cash and equivalents
133
3.0
0.0
+4,366.0%
Receivables
n/a
n/a
457
Other assets
9,028
6,800
5,563
+32.8%
Total assets
9,161
6,803
6,020
+34.6%
10-K for the year ended 31 December 2024, filed 26 February 2025: the filing.