Crescent Energy Co-A 2025年度报告

FORM 10-K (Mark One) ☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year ended December 31, 2025OR☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For transition period fromtoCommission File Number 001-41132 Crescent Energy Company(Exact name of registrant as specified in its charter) Delaware 87-1133610 (I.R.S. EmployerIdentification Number) (State or other jurisdiction ofincorporation or organization) 600 Travis Street, Suite 7200Houston, Texas 77002(713) 332-7001(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices) Securities registered pursuant to Section 12(b) of the Act: Trading SymbolCRGY Name of each exchange on which registeredNew York Stock Exchange Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes☒No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act Yes☐No Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theRegistrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company” and “emerging growth company” in Rule12b-2 of the Exchange Act. Accelerated filer☐Smaller reporting company☐Emerging growth company☐ Large accelerated filer☒Non-accelerated filer☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section7(a)(2)(B) of the Securities Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of theeffectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by theregistered public accounting firm that prepared or issued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of theregistrant included in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act): Yes☐No☒ The aggregate market value of Class A common stock outstanding held by non-affiliates of the registrant on June 30, 2025, basedon the closing price of $8.60 for shares of the registrant’s Class A common stock as reported by the New York Stock Exchange, wasapproximately $1.3 billion. As of January 30, 2026, there were approximately 327,900,272 of the registrant's Class A common stock outstanding. Where You Can Find More Information Crescent Energy Company ("we," "us," or the "Company") files annual, quarterly and current reports with the SEC. The SECmaintains an internet site at www.sec.gov that contains reports, proxy and information statements and other information regardingissuers that file electronically with the SEC, including the Company. Investors can also access financial and other information via our website at www.crescentenergyco.com. The Company makesavailable, free of charge through the website, copies of Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, CurrentReports on Form 8-K and any amendments to such reports, our sustainability reports and all reports filed by executive officers anddirectors under Section 16 of the Exchange Act reporting transactions in the Company's securities. Access to these reports is providedas soon as reasonably practical after such reports are electronically filed with the SEC. In addition to its reports filed or furnished withthe SEC, the Company publicly discloses material information from time to time in its press releases, in publicly accessibleconferences and inv