Bedrijfsoverzicht
Crescent Energy Company is primarily engaged in the exploration and production of crude oil, natural gas, and natural gas liquids within the United States, maintaining a strategic operational footprint across the Eagle Ford, Permian, and Uinta Basins. As an entity operating within the Energy sector and specifically the Oil & Gas E&P industry, the company focuses on owning mineral rights and royalty interests distributed across various U.S. oil and natural gas basins to generate hydrocarbon revenue. The organization employs a workforce of 1,066 individuals and holds a total market capitalization of $4.18 billion, reflecting its standing as a mid-to-large-cap entity in the energy landscape. With an annual revenue of $3.58 billion, these financial figures indicate that Crescent Energy Company operates at a significant scale, generating substantial top-line income that supports its extensive asset base and operational expenditures across multiple geological formations.
Financiële gezondheid
The company reported a total revenue of $3.58 billion over the trailing twelve months, generating a net income of $132.91 million and an EBITDA of $1.91 billion, which highlights a substantial gap between gross revenue and bottom-line profit that reveals a heavy cost structure involving operational expenses, taxes, and interest costs. While the EBITDA remains robust at $1.91 billion, the free cash flow stands at -$740,884,992, indicating that the company is currently burning cash, likely due to significant capital expenditures required for exploration activities and production expansion that exceed operating cash generation. The gross margin is recorded at 55.6%, suggesting that more than half of the revenue remains after deducting the direct costs of producing oil and gas, though the operating margin of 5.5% and profit margin of 3.7% demonstrate that overhead and other corporate expenses consume a considerable portion of the gross earnings. On the balance sheet, the company holds $10.16 million in cash against a total debt load of $5.53 billion, resulting in a debt-to-equity ratio of 107.10, which characterizes the financial structure as highly leveraged rather than conservative. Despite the high leverage, the current ratio of 1.48 indicates that the company possesses sufficient current assets to cover its short-term liabilities, suggesting a degree of liquidity stability even under heavy debt obligations. Furthermore, the return on equity is 3.5% and the return on assets is 2.9%, metrics that reveal that management's effectiveness in generating returns on shareholders' invested capital and the company's total assets is currently low relative to the high capital intensity of the oil and gas sector.
Waarderingsbeoordeling
The valuation metrics show a trailing P/E ratio of 23.59 compared to a forward P/E of 6.51, implying that the market is currently pricing in a significant expected expansion in future earnings, as the forward multiple is substantially lower than the trailing multiple. The price-to-book ratio is 0.81, indicating that the company's market value trades below its book value, which suggests the market is not applying a significant premium to the company's net asset position and may view the assets at a discount. Alternative valuation measures include a price-to-sales ratio of 1.17 and an EV/EBITDA of 5.09, which together suggest that the company is valued relatively cheaply on a cash-flow basis despite the high trailing earnings multiple, reflecting the market's anticipation of improved profitability in future periods. The stock has traded between a 52-week high of $14.02 and a 52-week low of $7.68, providing a trading range where investors can assess the current price level against historical volatility and market sentiment extremes. The beta value is 1.05, which indicates that the stock price volatility is slightly higher than the broader market benchmark, meaning the stock tends to move with a slight premium in terms of sensitivity to general market fluctuations.
Growth & Income
Revenue growth year-over-year stands at -1.2%, while earnings growth is listed as N/A, meaning that earnings are not growing at a faster rate than revenue and are in fact declining alongside the top line, which implies a contraction in profitability driven by falling production volumes or lower commodity prices rather than operational inefficiency alone. As a dividend payer, the company offers a dividend yield of 3.8% with a payout ratio of 88.9%, which raises questions regarding sustainability given that the payout ratio is extremely high relative to the modest net income, potentially limiting the ability to maintain the dividend if earnings do not improve significantly. The absence of earnings growth data combined with negative revenue growth suggests that the company is currently in a defensive phase where it may be prioritizing cost reduction or asset preservation over aggressive income distribution or capital allocation for new growth projects. Overall, the growth and income profile presents a mixed picture characterized by high dividend yield supported by strong cash flow generation potential but offset by negative revenue trends and a highly leveraged balance sheet that constrains financial flexibility.