企業概要
Crescent Energy Company is engaged in the exploration and production of crude oil, natural gas, and natural gas liquids within the United States, with specific operational focus on the Eagle Ford, Permian, and Uinta Basins. As an entity operating in the Energy sector and the Oil & Gas E&P industry, the company derives its primary revenue from the extraction and sale of hydrocarbon resources while holding mineral and royalty interests across major U.S. basins. The enterprise possesses a market capitalization of $4.15B and reported total revenue of $3.58B over the trailing twelve months, supported by a workforce of 1066 employees. These financial dimensions indicate a mid-to-large scale position within the upstream energy landscape, where the revenue figure reflects substantial output volume while the market cap suggests investor valuation relative to current earnings and asset base.
財務健全性
The company reported a trailing twelve-month revenue of $3.58B and net income of $132.91M, resulting in an EBITDA of $1.91B. The significant gap between the $3.58B revenue and the $132.91M net income reveals a cost structure where operating expenses, depletion, and amortization consume a substantial portion of gross receipts before reaching the bottom line. However, the EBITDA figure of $1.91B demonstrates strong cash generation potential from core operations before the impact of capital expenditures and debt servicing. Conversely, the free cash flow stands at $-740,884,992, indicating that capital expenditures significantly exceed operational cash flow, which limits immediate financial flexibility for expansion or buybacks without external financing. The balance sheet reflects a highly leveraged position with total debt of $5.53B against cash holdings of only $10.16M. This disparity is quantified by a debt-to-equity ratio of 107.10, signaling that the company relies heavily on borrowed capital to fund its operations and asset growth. Despite the high leverage, the current ratio of 1.48 suggests adequate short-term liquidity, as current assets are 1.48 times greater than current liabilities, providing a buffer against immediate obligations. Management effectiveness is measured by a return on equity of 3.5% and a return on assets of 2.9%, metrics that indicate the company generates modest returns on the capital invested by shareholders and the total asset base.
バリュエーション評価
Valuation multiples for Crescent Energy Company include a trailing P/E ratio of 23.43 and a forward P/E of 6.47. The substantial difference between these two metrics implies that the market expects a dramatic improvement in future earnings, as the forward multiple suggests earnings will grow significantly to justify the current price level. The price-to-book ratio is 0.80, which indicates that the stock is trading below its book value, suggesting the market values the company's tangible assets at a discount or that future profitability concerns are priced in. Alternative valuation metrics such as the price-to-sales ratio of 1.16 and an EV/EBITDA of 5.08 provide context relative to sales and earnings before interest, taxes, depreciation, and amortization, suggesting the company is valued reasonably relative to its sales volume given the cyclical nature of the sector. Regarding price volatility, the 52-week high is $14.02 and the 52-week low is $6.83. Assuming the current trading price nears the forward P/E implied levels, the stock sits within a wide trading range that reflects significant price discovery over the past year. The beta value of 1.05 indicates that the stock's price volatility is slightly higher than the broader market, moving in tandem with general equity market trends but with a slight degree of amplification.
Growth & Income
Revenue growth year-over-year is recorded at -1.2%, while earnings growth is listed as N/A due to the absence of comparable prior period data in the provided metrics. The negative revenue growth indicates a contraction in sales volume or pricing power during the period, which contrasts with the historical ability of the company to generate income, though the lack of earnings growth data prevents a direct comparison of profit velocity versus revenue velocity. For dividend purposes, the company maintains a dividend yield of 3.8% with a payout ratio of 88.9%. Such a high payout ratio, exceeding the net income relative to dividends paid, suggests that the company may be funding dividend obligations through cash flow or asset sales rather than retained earnings, raising questions regarding long-term sustainability given the negative free cash flow. The overall profile presents a scenario where income generation is prioritized through dividends despite limited organic revenue growth and significant capital outflows, creating a yield-focused but financially constrained investment characteristic typical of mature energy operators facing capital discipline challenges.