Crescent Energy CoCRGYEarnings & Financial Report
Crescent Petroleum is the first and largest private upstream oil and gas company in the Middle East. Founded in 1971, Crescent Petroleum is headquartered in the Emirate of Sharjah, United Arab Emirates (UAE), with current operations in both the UAE and the Kurdistan Region of Iraq (KRI). As of 2023, Crescent Petroleum and the Iraqi Ministry of Oil have signed three twenty-year contracts as the company focus it efforts in aiding the redevelopment of Iraq.
CRGY Q1 FY2026 Key Financial Metrics
Revenue
$1.2B
Gross Profit
N/A
Operating Profit
N/A
Net Profit
$-419.2M
Gross Margin
N/A
Operating Margin
N/A
Net Margin
-35.4%
YoY Growth
24.5%
Crescent Energy Co Q1 FY2026 Financial Summary
Crescent Energy Co reported revenue of $1.2B (up 24.5% YoY) for Q1 FY2026, with a net profit of $-419.2M (-35.4% margin).
Key Financial Metrics
| Total Revenue | $1.2B |
|---|---|
| Net Profit | $-419.2M |
| Gross Margin | N/A |
| Operating Margin | N/A |
| Report Period | Q1 FY2026 |
Revenue Breakdown
Crescent Energy Co Q1 FY2026 revenue of $1.2B breaks down across 4 segments, led by Oil at $893.3M (75.5% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Oil | $893.3M | 75.5% |
| Natural gas | $158.4M | 13.4% |
| Natural gas liquids | $125.1M | 10.6% |
| Midstream and other | $6.0M | 0.5% |
Crescent Energy Co Annual Revenue by Year
Crescent Energy Co annual revenue history includes year-by-year totals (for example, 2025 revenue was $3.6B).
Crescent Energy Co Quarterly Revenue & Net Profit History
Crescent Energy Co results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $1.2B | +24.5% | $-419.2M | -35.4% |
| Q4 FY2025 | $865.0M | -1.2% | $-8.7M | -1.0% |
| Q3 FY2025 | $866.6M | +16.3% | $-9.5M | -1.1% |
| Q2 FY2025 | $898.0M | +37.5% | $153.2M | 17.1% |
| Q1 FY2025 | $950.2M | +44.5% | $-2.1M | -0.2% |
| Q4 FY2024 | $875.3M | +33.1% | $-118.0M | -13.5% |
| Q3 FY2024 | $744.9M | +16.0% | $-9.9M | -1.3% |
| Q2 FY2024 | $653.3M | +32.7% | $37.5M | 5.7% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $653.3M | $744.9M | $875.3M | $950.2M | $898.0M | $866.6M | $865.0M | $1.18B |
| YoY Growth | 32.7% | 16.0% | 33.1% | 44.5% | 37.5% | 16.3% | -1.2% | 24.5% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $7.48B | $9.25B | $9.16B | $9.87B | $9.86B | $9.69B | $12.44B | $12.00B |
| Liabilities | $3.89B | $5.05B | $4.79B | $5.44B | $5.36B | $5.22B | $7.28B | $7.31B |
| Equity | $2.14B | $2.88B | $3.14B | $3.27B | $4.50B | $4.48B | $5.17B | $4.69B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $286.9M | $368.0M | $384.4M | $337.1M | $499.0M | $473.1M | $371.0M | $409.2M |