8-K: Crescent Energy Reports Preliminary Derivative Settlement Data

Crescent Energy Company has released preliminary figures for cash paid on commodity derivative positions for the three and six months ended June 30, 2026.

Summary

• Crescent Energy Company (the Company) has provided preliminary financial data regarding its commodity derivative settlements for the periods ending June 30, 2026.
• For the three months ended June 30, 2026, the Company expects to report approximately $154 million in total cash paid on its commodity derivative positions.
• For the six months ended June 30, 2026, the Company expects to report approximately $194 million in total cash paid on its commodity derivative positions.
• These figures include net cash paid on derivative settlements and settlements of acquired derivative contracts.
• The reported amounts are preliminary and subject to change, with final figures to be included in the Company's Form 10-Q for the period ended June 30, 2026.
• The settlement of contingent earn-out consideration related to the Ridgemar Acquisition is excluded from these derivative settlement figures.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral update, providing preliminary data on derivative settlements without significant positive or negative surprises, but highlighting the inherent risks and uncertainties in forward-looking statements.

Positives

• The settlement of acquired derivative contracts related to the SilverBow Merger and Vital Merger is expected to result in positive adjustments on the Statements of Cash Flows and additions to Adjusted EBITDAX.

Negatives

• The Company expects to report a net cash paid of $216 million for the three months ended June 30, 2026, on its commodity derivative positions.
• The Company expects to report a net cash paid of $317 million for the six months ended June 30, 2026, on its commodity derivative positions.

Risks

• The preliminary figures are subject to change, and actual final results could differ materially from current expectations due to a number of assumptions, risks, and uncertainties.
• The Company's financial results are subject to the volatility of commodity prices and the effectiveness of its hedging strategies.

Future Outlook

Final dollar amounts for the three and six months ended June 30, 2026, will be reported in Crescent's Quarterly Report on Form 10-Q for the period ended June 30, 2026. The disclosed amounts are preliminary and subject to change.

Management Comments

• The dollar amounts included in this Current Report on Form 8-K are preliminary and subject to change.
• Such amounts as disclosed herein constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act).
• These statements are based on current expectations but remain subject to a number of assumptions, risks and uncertainties.
• Consequently, actual final results could differ materially from current expectations.

Industry Context

StockSavvy.ai notes that the reporting of preliminary derivative settlement data is common for energy companies to provide timely updates on significant cash flows related to hedging activities, especially in volatile commodity markets.

Stakeholder Impact

• Shareholders: The preliminary figures provide insight into cash flows related to hedging, which can impact profitability and cash availability. The forward-looking nature and potential for material changes introduce uncertainty.
• Creditors: Changes in cash flow from derivative settlements can affect the company's ability to meet debt obligations.

Next Steps

• Final dollar amounts for the three and six months ended June 30, 2026, will be reported in Crescent's Quarterly Report on Form 10-Q for the period ended June 30, 2026.

Key Dates

Keywords

Crescent Energy, 8-K, Derivative Settlements, Commodity Derivatives, Financial Condition, Results of Operations, SEC Filing, Adjusted EBITDAX, Ridgemar Acquisition, SilverBow Merger, Vital Merger