Short answer
Crescent Energy Co (CRGY) filed its Q1 2026 10-Q quarterly report on May 4, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $1.2B (up 24.5% year over year) with net income of −$420M.
Q1 2026 key financials · XBRL
- Revenue
- $1.2B
- +24.5% YoY
- Net income
- −$420M
- −19427.8% YoY
- Operating margin
- 27.7%
Source: XBRL data from the Crescent Energy Co (CRGY) Q1 2026 10-Q on SEC EDGAR. USD.
Crescent Energy Co Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- 2026 outlook: capital program funded through operating cash flow, with flexibility to defer planned expenditures
- 2031 Convertible Notes issued for $690.0M, generating approximately $671.0M net proceeds
- $500.0M 2028 Notes redeemed, with approximately $17.0M extinguishment loss
- $39.1M of 2029 Notes repurchased, generating approximately $0.4M extinguishment loss
- Headwinds: commodity volatility, Iran conflict, tariffs, inflation, elevated interest rates, and potential U.S. recession
Risk Factors
- New 2031 Convertible Notes risk triggered by issuance: potential Class A dilution and downward share-price pressure upon conversion
- Most material update: 2031 Notes accounting creates noncash interest expense exceeding cash interest payments
- Compliance risk: convertibility conditions could require current-liability reclassification, materially reducing reported working capital
- Financial reporting risk: ASU 2020-06 if-converted method may reduce diluted earnings per share
- Financial flexibility risk: $400.0 million repurchase authorization, with approximately $336.0 million remaining as of March 31, 2026
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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