Crescent Energy (CRGY) Q3 FY2026 earnings: revenue $1.4 billion, up 55.9% on the year

Crescent Energy Co. (CRGY) reported revenue of $1.4 billion for Q3 FY2026, the quarter ended 30 September 2026, up 55.9% on the same quarter a year earlier. Net income was -$2 million, and diluted earnings per share $-0.01. The figures are the company's own, from the 10-Q it filed with the SEC on 2 November 2026.

Revenue

$1.4 billion

+55.9% on the year · -3.1% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

35.4%

3.6% a year earlier

Q4 FY2024Q3 FY2026

Net income

-$2 million

Q4 FY2024Q3 FY2026

Diluted EPS

-$0.01

Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 5 new.

Transaction solidifies world-class Eagle Ford position: Acquisition builds on Crescent's established operating and minerals footprint, enhancing basin-leading position. Assets directly adjacent to operations provide immediate competitive advantages for development capital allocation and operational integration.
Transaction delivers returns in line with disciplined criteria: Acquisition expected to deliver strong investment returns consistent with Crescent's disciplined underwriting standards. Meaningful accretion targeted across cash flow from operations, free cash flow, and net asset value metrics aligned with company capital allocation framework.
One hundred forty million annual synergies targeted: Management identified approximately $140 million in annual synergies across drilling and completion costs, lease operating expense, and marketing. Crescent to apply proven operating playbook to drive incremental value creation and margin improvement at acquired assets.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	1,351	1,395	867	-3.1%	+55.9%
Operating income	479	581	30.8	-17.6%	+1,454.1%
Operating margin	35.4%	41.6%	3.6%
Interest expense	94.2	99.8	72.6	-5.6%	+29.7%
Pre-tax income	5.4	664	-14.3	-99.2%
Income tax	6.0	170	-4.0	-96.5%
Effective tax rate	111.0%	25.6%	n/a
Net income	-2.2	493	-9.5
Net margin	-0.2%	35.3%	-1.1%
Diluted EPS	-$0.01	$1.30	-$0.04

$ million except per share.

Free 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	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	608	707	473	-13.9%	+28.6%
Cash from investing	-358	-322	-250
Cash from financing	-509	-128	-221
Depreciation and amortisation	375	358	298	+4.7%	+25.6%
Share-based compensation	22.9	21.5	24.1	+6.3%	-5.2%
Buybacks	0.0	0.0	0.0
Dividends paid	39.6	39.6	30.6	+0.0%	+29.8%
Diluted shares, weighted	330m	382m	255m	-13.4%	+29.8%
Shares outstanding at period end	422m	330m	255m	+27.9%	+65.9%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	5,136	5,160	4,479	-0.5%	+14.7%
Redeemable equity	n/a	n/a	0.0
Debt	4,718	5,166	3,221	-8.7%	+46.4%
Finance lease liabilities	1.0	1.4	1.5	-28.4%	-32.0%
Other liabilities	1,904	1,681	1,992	+13.3%	-4.4%
Total liabilities and equity	11,759	12,008	9,694	-2.1%	+21.3%
Cash and equivalents	6.1	265	3.5	-97.7%	+73.5%
Other assets	11,753	11,743	9,691	+0.1%	+21.3%
Total assets	11,759	12,008	9,694	-2.1%	+21.3%

Questions

What was Crescent Energy's revenue in Q3 FY2026?

Crescent Energy (CRGY) reported revenue of $1.4 billion for Q3 FY2026, the quarter ended 30 September 2026, up 55.9% on the same quarter a year earlier.

How much did Crescent Energy earn in Q3 FY2026?

Net loss for Q3 FY2026 was $2 million, and the diluted loss per share $0.01.

When did Crescent Energy report Q3 FY2026 results?

Crescent Energy filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 2 November 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023 †	Q3 FY2023 †	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	463	599	908	865	685	590	492	642	658	657	653	745	875	950	898	867	865	1,183	1,395	1,351
Operating income	162	263	500	418	104	151	64.0	142	-31.4	134	119	-7.4	-27.5	172	79.6	30.8	-53.4	327	581	479
Operating margin	35%	44%	55%	48%	15%	26%	13%	22%	-5%	20%	18%	-1%	-3%	18%	9%	4%	-6%	28%	42%	35%
Interest expense	12.9	16.5	24.9	27.1	27.4	29.3	31.1	42.2	43.2	42.7	42.4	61.8	69.4	73.2	75.2	72.6	77.4	105	99.8	94.2
Pre-tax income	168	-428	300	594	51.1	272	66.7	-152	158	-36.6	81.7	-7.2	-207	8.5	204	-14.3	3.9	-501	664	5.4
Tax rate	-0%	n/a	6%	6%	3%	6%	14%	n/a	12%	n/a	14%	n/a	n/a	31%	20%	n/a	-132%	n/a	26%	111%
Net income	-19.4	-85.0	54.5	118	8.8	59.8	5.2	-52.9	55.5	-24.2	37.5	-9.9	-118	-2.1	153	-9.5	-8.7	-420	493	-2.2
Net margin	-4%	-14%	6%	14%	1%	10%	1%	-8%	8%	-4%	6%	-1%	-13%	-0%	17%	-1%	-1%	-35%	35%	-0%
Diluted EPS	-$0.46	-$2.03	$1.30	$2.74	$0.18	$1.24	$0.11	-$0.67	$0.61	-$0.25	$0.33	-$0.07	-$0.70	-$0.01	$0.60	-$0.04	-$0.03	-$1.28	$1.30	-$0.01
Operating cash flow	84.5	137	261	399	215	240	183	189	323	184	287	368	384	337	499	473	371	409	707	608
Buybacks	n/a	n/a	n/a	0.0	n/a	n/a	n/a	0.0	n/a	0.0	0.0	7.3	0.5	5.3	28.5	0.0	-0.4	0.0	0.0	0.0
Dividends paid	0.0	5.0	7.1	7.1	8.2	8.2	5.8	9.1	11.0	12.6	13.4	19.6	19.5	23.5	30.6	30.6	30.6	39.3	39.6	39.6
Shares outstanding	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	255m	255m	255m	328m	330m	330m	422m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS 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 the share count are as they are. Free 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. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 2 November 2026: the filing.