Crescent Energy reports record Q2 cash flow, raises 2026 guidance, triples Permian synergy target

Filed August 3, 2026 · Period ending August 3, 2026 · ~1 min read

Key Changes

• high

  Generated record operating cash flow of $707M and levered free cash flow of $418M in Q2 2026, with Adjusted EBITDAX of $798M on production of 335 MBoe/d (42% oil).

  Exhibit 99.1 view on EDGAR →
• high

  Raised 2026 production guidance to 327-335 MBoe/d (up 1% at midpoint) while lowering operating expense guidance to $11.00-12.00/Boe (down 4%) and production tax guidance to 5.0-6.0% of revenue (down 15%).

  Exhibit 99.1 view on EDGAR →
• high

  Increased Permian synergy target to $250-300M (roughly 3x the original target) with $190M already captured, reflecting accelerated integration benefits from the Vital Energy acquisition.

  Exhibit 99.1 view on EDGAR →