Crescent Energy (CRGY) reports positive hedge settlements

Crescent Energy Co (NYSE: CRGY) announced today that it expects to report positive cash settlements on its hedge positions for the fourth quarter and full year of 2024. The preliminary data indicates the company will report $42 million received for the three months ended December 31, 2024, and $25 million for the twelve-month period.

This financial outcome stems from a combination of net cash received on the settlement of derivatives and the settlement of acquired derivative contracts related to the SilverBow Merger. Specifically, for the quarter ending December 31, 2024, Crescent settled derivatives with a net cash inflow of $8 million and received $34 million from the settlement of acquired contracts. Over the entire year, despite a net cash payment of $36 million on derivative settlements, the company benefited from $61 million in settlements of acquired contracts.

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