Crescent Energy Third Quarter 2024 Earnings: Misses Expectations

Crescent Energy (NYSE:CRGY) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$744.9m (up 16% from 3Q 2023).
• Net loss: US$9.95m (loss narrowed by 81% from 3Q 2023).
• US$0.047 loss per share (improved from US$0.67 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Crescent Energy Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 4.3%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Oil and Gas industry in the US.

Performance of the American Oil and Gas industry.

The company's shares are up 6.8% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Crescent Energy has 4 warning signs (and 1 which shouldn't be ignored) we think you should know about.

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