Crescent Energy reported second-quarter 2026 adjusted earnings of 63 cents per share, beating the Zacks Consensus Estimate of 45 cents by 40% and rising from 43 cents a year ago. Revenue reached $1.4 billion, exceeding the $1.22 billion consensus and up sharply from $898 million in the prior-year quarter. Total production averaged 335 thousand barrels of oil equivalent per day, above the 331 MBoe/d consensus, while oil production hit 140 thousand barrels per day. The company raised its 2026 total production guidance to 327-335 MBoe/d from 320-335 MBoe/d, lowered adjusted operating expense guidance to $11-$12 per Boe, and maintained development capital guidance at $1.325-$1.425 billion. Crescent also increased its Permian synergy target to $250-$300 million, roughly three times the original target, and generated record adjusted EBITDAX of $798 million.
Crescent Energy CoBeats Q2 estimates, raises production guidance, and increases synergy target.
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