Crescent Energy Co-A 2026年季度报告

(Mark One) OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the 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 registered New York Stock Exchange 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,” “smaller reportingcompany” 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 is a shell company (as defined in Rule 12b-2 of the Exchange Act): Yes☐No☒ As of April30, 2026, there were approximately 330,251,628 shares outstanding of the registrant's Class A common stock. Table of Contents Glossary2Cautionary Statement Regarding Forward-Looking Statements3Part I - Financial InformationItem 1. Financial Statements5Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations32Item 3. Quantitative and Qualitative Disclosures About Market Risk49Item 4. Controls and Procedures51Part II - Other InformationItem 1. Legal Proceedings52Item 1A. Risk Factors52Item 2. Unregistered Sales of Equity Securities and Use of Proceeds53Item 3. Defaults Upon Senior Securities53Item 4. Mine Safety Disclosures53Item 5. Other Information53Item 6. Exhibits54Signatures57 GLOSSARY The following are abbreviations and definitions of certain terms used in this document, which are commonly used in the oil and natural gas Barrel or Bbl —One stock tank barrel, or 42 United States gallons liquid volume. Boe —One barrel of oil equivalent determined using the ratio of six Mcf of natural gas to one barrel of crude oil or condensate. Boe/d —Barrels of oil equivalent per day. Brent—the reference price paid in U.S. dollars for a barrel of light sweet crude oil produced from the Brent field in the UK sector ofthe North Sea. Btu —British thermal unit, which is the heat required to raise the temperature of a one-pound mass of water one degree Fahrenheit. Henry Hub —Henry Hub is the major exchange for pricing natural gas futures on the New York Mercantile Exchange. It is frequentlyreferred to as the Henry Hub index. MBbls —One thousand Bbls or other liquid hydrocarbons. MBbl/d —One thousand Bbls or other liquid hydrocarbons per day. MBoe —One thousand Boe. MBoe/d —One thousand Boe per day. Mcf —One thousand cubic feet of natural gas. Mcf/d —One thousand Mcf per day. MMBoe —One million Boe. MMBtu —One million Btus. MMcf —One million Mcf. MMcf/d —One million Mcf per day. NYMEX —The New York Mercantile Exchange. Proved reserves —Proved reserves are those quantities of oil and natural gas, which, by analysis of geoscience and engineering data,can be estimated with reasonable certainty to be economically producible—from a given date forward, from known reservoirs andunder existing economic conditions, operating methods and government regulations—prior to the time at which contracts providingthe right to operate expire, unless evidence indicates that renewal is reasonably certain, regardless of whether deterministic orprobabilistic methods are used for the estimation. The project to extract the hydrocarbons must have commenced or the operator mustbe reasonably certain that it will commence the project within a reasonable time. Working interest —The operating interest that gives t