Crescent Energy reports Q2 EPS 33c, consensus 28c

Reports Q2 revenue $653.28M, consensus $621.8M. Q2 production averaged 165 MBoe/d. The company said, “We started 2024 with strong first-quarter performance and built upon that momentum this quarter…Our standalone performance, combined with the closing of the SilverBow acquisition, positions Crescent for significant future value potential as we continue to execute on our proven strategy. Our business today combines the benefits of an advantaged asset profile, a strong balance sheet, improved access to capital markets and significant operating and investing expertise to bring investors a unique value proposition in our sector. We believe Crescent is a must-own mid-cap company, and I am excited to continue building on the growth platform we have created.”