CRGY Crescent Energy Company

$CRGY Crescent Energy, a Houston oil and gas producer, will buy Devon's Eagle Ford assets for $4.22B in cash, an estimated net purchase price of about $3.85B after adjustments tied to the July 1, 2026 effective date. Pro forma funding: a $2.0B bridge loan, a $2.0B revolver draw and $247.6M of cash. At June 30, 2026 pro forma, total debt rises to $9.14B from $5.17B; the bridge matures 364 days after close. In return: ~68 Mboe/d (July 2026) and ~$140M/yr of identified synergies; it intends a debt-equity mix. Close expected Q4 2026 or early 2027.

$CRGY don't forget this is half natural gas stock. Ng up 8%. Russia to stop exporting. Hold onto your socks boys!

$CRGY i find it funny that it was saying bearish sentiment the last few weeks and now that everyone is selling it says neutral.

$CRGY did 7x its normal volume Friday and closed down 2.7%. That's the share offering to help pay for the Devon Eagle Ford deal hitting the tape. Dilution now, bigger company later. Curious how fast they pay the debt down. (no position)

$CRGY LOL...I own a little DVN and CRGY. So Devon is finally selling some of their shit assets but why did it have to be CRGY who bought them. I can't win.

$CRGY the USA is now positioned to be Europe's #1 supplier of natural gas (from 25% to 65% of imports)

$CRGY have all the new shares to fund the Eagle Ford purchase been sold now? I was guessing and hoping this week's drops were due to dilution.

Moody’s Ratings upgraded its outlook on Crescent Energy to positive from stable while affirming its Ba3 Corporate Family Rating, reflecting expectations that the company will reduce leverage following a major expansion. The move follows Crescent’s $3.85 billion all-cash acquisition of Eagle Ford assets from Devon Energy, which significantly expands its operating scale but temporarily increases debt. To finance the deal, Crescent secured a $2 billion bridge financing commitment and launched a $1 billion primary equity offering. Moody’s expects strong free cash flow, supported by substantial commodity hedges, to enable meaningful debt reduction over the next 12–18 months. The acquisition is expected to boost production to approximately 400,000 barrels of oil equivalent per day, giving Crescent greater scale than many similarly rated exploration and production peers. $CRGY