Below are the financial statements of Crescent Energy, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
All figures in thousands of USD | 2024 | 2023 |
---|---|---|
Current assets | — | — |
Cash and cash equivalents | 132,818a | 2,974a |
Restricted cash | 5,490a | 261a |
Accounts receivable, net | 535,416a | 504,630a |
Accounts receivable - affiliates | 6,856a | 2,108a |
Derivative assets - current | 53,273a | 54,321a |
Prepaid expenses | 42,595a | 40,406a |
Other current assets | 11,640a | 10,952a |
Total current assets | 788,088a | 615,652a |
Oil and natural gas properties at cost, successful efforts method | — | — |
Proved | 11,471,299a | 8,574,478a |
Unproved | 374,306a | 283,324a |
Property, plant and equipment | — | — |
Oil and natural gas properties at cost, successful efforts method | 11,845,605a | 8,857,802a |
Field and other property and equipment, at cost | 226,871a | 198,570a |
Total property, plant and equipment | 12,072,476a | 9,056,372a |
Less: accumulated depreciation, depletion, amortization and impairment | -3,927,422a | -2,940,546a |
Property, plant and equipment, net | 8,145,054a | 6,115,826a |
Assets | — | — |
Derivative assets - noncurrent | 6,684a | 8,066a |
Investments in equity affiliates | 13,810a | 6,076a |
Other assets | 207,013a | 57,715a |
Total assets | 9,160,649a | 6,803,335a |
Current liabilities | — | — |
Accounts payable and accrued liabilities | 740,452a | 613,543a |
Accounts payable - affiliates | 18,334a | 52,607a |
Derivative liabilities - current | 2,698a | 42,051a |
Financing lease obligations - current | 3,625a | 4,233a |
Other current liabilities | 62,254a | 37,823a |
Total current liabilities | 827,363a | 750,257a |
Liabilities, redeemable noncontrolling interests and equity | — | — |
Long-term debt | 3,049,255a | 1,694,375a |
Derivative liabilities - noncurrent | 37,732a | 0a |
Asset retirement obligations | 448,945a | 418,319a |
Deferred tax liability | 370,329a | 262,581a |
Financing lease obligations - noncurrent | 3,526a | 7,066a |
Other liabilities | 55,539a | 35,019a |
Total liabilities | 4,792,689a | 3,167,617a |
Redeemable noncontrolling interests | 1,228,329a | 1,901,208a |
Equity | — | — |
Class A common stock | 19a | 9a |
Class B common stock | 7a | 9a |
Preferred stock | 0a | 0a |
Treasury stock, at cost | -32,430a | -17,143a |
Additional paid-in capital | 3,227,450a | 1,626,501a |
Retained earnings (accumulated deficit) | -64,751a | 95,447a |
Noncontrolling interests | 9,336a | 29,687a |
Total equity | 3,139,631a | 1,734,510a |
Total liabilities, redeemable noncontrolling interests and equity | 9,160,649a | 6,803,335a |
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