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Crescent Energy Completes Accretive Sale of Non-Operated Permian Basin Assets

1. Crescent Energy closed an $83 million asset sale in the Permian Basin. 2. Proceeds will reduce outstanding borrowings, indicating strong financial management.

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FAQ

Why Bullish?

The asset sale strengthens CRGY's balance sheet, as seen historically with similar transactions boosting stock prices.

How important is it?

The asset sale enhances financial strength, increasing investor confidence and potentially leading to price appreciation.

Why Short Term?

Immediate benefits will likely be reflected in liquidity and leverage improvements impacting short-term stock performance.

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XOMSLBOXY
HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY) (“Crescent” or the “Company”), today announced the closing of the sale of non-operated Permian Basin assets to a private buyer for $83 million in cash, subject to customary post-closing purchase price adjustments. The assets are located in Reeves County, Texas and had projected full-year 2025 production of approximately 3 Mboe/d (~35% oil). Proceeds from the sale will be used to reduce outstanding borrowings on the Company's revolvi.

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