Crescent Energy To Acquire Vital In $3.1B All-Stock Deal

Crescent Energy Co. (CRGY) on Monday reached an agreement to acquire Vital Energy Inc. (VTLE) in a deal worth roughly $3.1 billion, including debt. 

Under the terms of the agreement, Vital shareholders will receive 1.9062 shares of Crescent Class A common stock for each share they hold, representing a 15% premium to Vital’s 30-day average share price as of August 22. Once completed, Crescent shareholders will own approximately 77% of the combined company, while Vital investors will hold around 23%.

Crescent Energy stock traded over 5% lower in Monday’s premarket. Meanwhile, Vital Energy stock traded over 9% higher. On Stocktwits, retail sentiment toward Crescent improved to ‘extremely bullish’ from ‘bullish’ territory amid ‘normal’ message volume levels. 

Retail sentiment around Vital Energy jumped to ‘bullish’ from ‘neutral’ territory amid ‘high’ message volume levels. 

David Rockecharlie will continue as CEO of the merged company, with John Goff remaining as Non-Executive Chairman. Crescent’s board will expand to include two members from Vital, bringing the total to 12 directors. The new enterprise will keep its headquarters in Houston.

The company anticipates unlocking $90 million to $100 million in annual savings right away, and expects the transaction to enhance cash flow and net asset value immediately. The transaction is expected to be completed by the end of 2025.

“Our combination with Crescent Energy will create a premier, scaled, mid-cap operator with significant efficiencies across a larger asset base,” said Vital CEO Jason Pigott. “The combined businesses will have more capital allocation flexibility across a vast development inventory and the ability to immediately transfer best operating practices across basins.”

Once completed, the merged company will control high-quality assets across the Permian, Eagle Ford, and Uinta Basins. Crescent also boosted its divestiture pipeline of non-core assets to $1 billion, aiming to strengthen its balance sheet further.

Crescent Energy stock has lost over 31% in 2025 and over 13% in the last 12 months. 

Also See: This AI Audio Platform’s Stock Surged 8% In Monday’s Premarket: Here’s What Happened

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