Crescent Energy Reports Preliminary Hedge Settlement Results for Q1 2025

HOUSTON, TX – Crescent Energy Company (NYSE: CRGY) released a preliminary update on April 10, 2025, regarding hedge settlements for the first quarter of 2025.

The company anticipates receiving approximately $7 million in total cash from its hedge positions for the three months ended March 31, 2025. This figure includes:

$18 million in cash from the settlement of derivative contracts acquired in the SilverBow merger, and

$(11) million in net cash paid on other hedge settlements.

These preliminary results reflect Crescent's ongoing hedging strategy, which is designed to protect against commodity price fluctuations in the oil, gas, and natural gas liquids markets. The company stated that these amounts will be reflected in its Adjusted EBITDAX and cash flow statement.

The final, detailed financials for the quarter will be included in Crescent Energy’s Form 10-Q, to be filed at a later date. All figures are subject to change pending the completion of financial reporting procedures.

Crescent emphasized that this report includes forward-looking statements based on current expectations and noted the possibility of material differences once results are finalized.