{"url_path":"/sec/crgy/8-k/2026-07-08/item-2-02","section_key":"item-2-02","section_title":"Item 2.02 Results of Operations and Financial Condition.","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-08","source_url":"https://www.sec.gov/Archives/edgar/data/1866175/0001866175-26-000103-index.html","accession_number":"0001866175-26-000103","cik":"0001866175","ticker":"CRGY","issuer_name":"Crescent Energy Co","edgar_url":"https://www.sec.gov/Archives/edgar/data/1866175/0001866175-26-000103-index.html","primary_entity_key":"0001866175","primary_entity_name":"Crescent Energy Co"},"word_count":397,"has_tables":true,"body_markdown":"Item 2.02.\n\nResults of Operations and Financial Condition.\n\nDerivative Settlements\n\nFor the three and six months ended June 30, 2026, Crescent Energy Company (the “Company” or “Crescent”) expects to report approximately $154 million and $194 million, respectively, of total cash paid on its commodity derivative positions, composed of the following:\n\nThree Months Ended\n\nJune 30, 2026 (1)\n\nSix Months Ended\n\nJune 30, 2026 (1)\n\n(in millions)\n\nNet cash (paid) received on settlement of derivatives\n\n$\n\n(216)\n\n$\n\n(317)\n\nSettlement of acquired derivative contracts(2)\n\n62 \n\n123 \n\nTotal cash (paid) received(3)\n\n$\n\n(154)\n\n$\n\n(194)\n\nThe dollar amounts included in this Current Report on Form 8-K are preliminary and subject to change. Such amounts as disclosed herein constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). These statements are based on current expectations but remain subject to a number of assumptions, risks and uncertainties. Consequently, actual final results could differ materially from current expectations. Final dollar amounts for the three and six months ended June 30, 2026 will be reported in Crescent’s Quarterly Report on Form 10-Q for the period ended June 30, 2026.\n\nThe information in this Item 2.02 shall not be deemed to be “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, and is not incorporated by reference into any filing under the Securities Act or the Exchange Act.\n\n(1)     Excludes $30 million and $45 million settlement of contingent earn-out consideration related to the Ridgemar Acquisition for the three and six months ended June 30, 2026, respectively.\n\n(2)     Represents the settlement of certain oil, gas, and natural gas liquids derivative contracts acquired in connection with the SilverBow Merger and the Vital Merger. The Company expects to report these settlements as positive adjustments on the Statements of Cash Flows and as additions to Adjusted EBITDAX.\n\n(3)     Represents total cash (paid) received from hedge settlements and is reflected in Adjusted EBITDAX.\n\n2\n\nSIGNATURE\n\nPursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.\n\nDate: July 8, 2026\n\nCRESCENT ENERGY COMPANY\n\nBy:    /s/ Brandi Kendall    \n\nName:    Brandi Kendall\n\nTitle:    Chief Financial Officer\n\n3"}