Skip to content

Tengruipharm

Just another WordPress site

  • npressfetimg-45912.png
    Easy haircare for busy moms: Simple tips to keep your hair looking great – Hindustan Times Haircare
  • npressfetimg-48144.png
    Blush nails: how to achieve the Korean nail trend from home – Stylist Magazine Nail stylist
  • npressfetimg-4628.png
    Diddy Buys Back Sean John Clothing Brand For $7.6 Million – Forbes Fashion clothing
  • npressfetimg-6766.png
    Actor John Lynch: ‘Some people stop drinking when they realize alcohol is bad for them – I did the opposite’ – EL PAÍS USA Stop drinking
  • npressfetimg-29517.png
    Blush nails: how to achieve the Korean nail trend from home – Stylist Magazine Nail stylist
  • npressfetimg-18755.png
    Gut microbes may affect motivation to exercise – nih.gov Motivation
  • npressfetimg-50360.png
    Simply put: Quit smoking, and don’t start – Altoona Mirror Quit smoking
  • npressfetimg-8022.png
    FIRE Calculator: Find Your FIRE Number Now | NextAdvisor with TIME – NextAdvisor Financial independence
npressfetimg-5043.png

Crescent Energy Reports Pro Forma Financial and Operational Results for the Nine Month Period Ended September 30, 2021 Related to the Combination of Independence and Contango – Yahoo Finance

Posted on December 23, 2021 By Financial independence No Comments on Crescent Energy Reports Pro Forma Financial and Operational Results for the Nine Month Period Ended September 30, 2021 Related to the Combination of Independence and Contango – Yahoo Finance

Results Demonstrate Continued Strong Execution of Cash Flow Focused Investment Strategy

Crescent Remains Well-Positioned for Long-Term Value Creation Through Cycles

HOUSTON, December 21, 2021–(BUSINESS WIRE)–Crescent Energy Company (“Crescent” or the “Company”) (NYSE: CRGY) today announced pro forma financial and operational results for the nine-month period ended September 30, 2021 (the “Year to Date Period”) related to the business combination between Independence Energy LLC (“Independence”) and Contango Oil & Gas Company (“Contango”).

Highlights and Recent Developments

– Formed Crescent Energy on December 7, 2021 with the successful completion of the merger between Independence and Contango; stock is now trading on the NYSE under ticker symbol “CRGY”

– Delivered strong pro forma financial results underpinned by predictable, low-decline PDP Base

– Implemented a disciplined capex program focused on risk-adjusted returns

– Reduced risk via balance sheet strength and a consistent commodity hedging program

– Executed on its consolidation strategy, closing three acquisitions in 2H’21 including Contango

– Financial Highlights for the Year to Date and Annualized Period:

9 Months Ended 9/30/21

Annualized

Production

115 MBoe/d

% Liquids

57%

% Hedged (Predecessor Only)

81%

Total Revenues (GAAP)

$1,254 MM

$1,672 MM

Net Loss (GAAP)1

$(678) MM

NM

Adj. EBITDAX (non-GAAP)2

$467 MM

$623 MM

Levered Free Cash Flow (non-GAAP) 2

$286 MM

$381 MM

Unhedged Adj. EBITDAX (non-GAAP)2

$674 MM

$899 MM

Net Debt

$830 MM

Net Debt / Annualized Adj. EBITDAX

1.3x

Net Debt / Ann. Unhedged Adj. EBITDAX

</…….

Source: https://finance.yahoo.com/news/crescent-energy-reports-pro-forma-120000241.html

Financial independence Tags:RSS Feeds

Post navigation

Previous Post: ADABoy Brings a New Era of Crypto Matching Based on Web 3.0 Tech – marketscreener.com
Next Post: New Columbia dance company is gaining footing as it looks toward a big 2022 – Charleston Post Courier

Related Posts

  • npressfetimg-45896.png
    Mammoth Finance Launches Financial Independence Course to Address the Growing Need for Financial Literacy – Yahoo Finance Financial independence
  • npressfetimg-18304.png
    Extreme Saving Method Speeds Up Early Retirement Option – AARP Financial independence
  • Investing Advice for 2023, Why It Will Be ‘One of the Greatest Years’ – Business Insider Financial independence
  • npressfetimg-9210.png
    FIRE Calculator: Find Your FIRE Number Now | NextAdvisor with TIME – NextAdvisor Financial independence
  • npressfetimg-15496.png
    Area experts offer tips for financial independence – Yahoo News Financial independence
  • 4 things I learned about money from reading ‘First to a Million’ at 16 – Business Insider Financial independence

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Archives

  • February 2023
  • January 2023
  • December 2022
  • January 2022
  • December 2021

Categories

  • Advertise online
  • Affiliate Marketing
  • Bad habits
  • Budget lifestyle
  • Celebrities
  • Content marketing
  • Cryptocurrency
  • E-commerce
  • Fashion clothing
  • Financial independence
  • Graphic design
  • Haircare
  • Healthy habits
  • Housing market
  • Investments
  • Makeup
  • Motivation
  • Nail stylist
  • Passive income
  • Personal finances
  • Personal style
  • Quit smoking
  • Retire
  • Self-development
  • Stock market
  • Stop drinking
  • Tattoos
  • Time management
  • Watches
  • Youtube Marketing

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

Recent Posts

  • 4 side hustles for Gen Z that can bring in hundreds or even thousands of dollars a month – CNBC
  • Earn Passive Income With This Side Hustle That’s Perfect for Introverts – Yahoo Finance
  • Extreme Saving Method Speeds Up Early Retirement Option – AARP
  • Demystifying the Concept of Financial Independence Through Free Education – Daily Scanner
  • Americans prefer to cling to cash after shaken by stock market volatility – Yahoo Finance

Recent Comments

    • npressfetimg-38359.png
      Maryland is one of the worst states in the US for retirees, report says – WUSA9.com Retire
    • npressfetimg-15224.png
      She Analyzes Your Budget — Then Shows It to Her 169,000 Followers – NextAdvisor Financial independence
    • I have big boobs – I’m told to ‘put clothes on’ no matter what I wear, you’re always ‘inappropriate’ when y… – The Scottish Sun Fashion clothing
    • npressfetimg-47828.png
      Suze Orman is staying conservative with her investments, shunning tech and buying T-bills – CNBC Investments
    • npressfetimg-37133.png
      How to Achieve Super-Trendy Velvet Nails (At Home) – Who What Wear Nail stylist
    • npressfetimg-37157.png
      So you decided to stop drinking? I did – and these are my year’s lessons – The Guardian Stop drinking
    • npressfetimg-22032.png
      Partnering With A Content Marketing Company? Nine Details To Consider – Forbes Content marketing
    • npressfetimg-934.png
      Today’s Mortgage and Refinance Rates: February 1, 2023 | Rates Inch Up Ahead of Expected Fed Hike – Business Insider Personal finances

    Copyright © 2023 Tengruipharm.

    Powered by PressBook News WordPress theme