Crescent Energy Q2 FY26 net income rises 204% to $494 million
CRGY•Production, costs and capital spending
Average production increased to 335 MBoe/d from 263 MBoe/d, including 140 MBbls/d of oil; capital expenditures totaled $284 million.
Adjusted EBITDAX hit a record $798 million, while operating expense fell to $13.38 per Boe from $16.31 per Boe.
Q2 net income and revenue rise sharply
Crescent Energy posted Q2 2026 net income of $494 million, up 203.82% from a year earlier, as revenue rose to $1.39 billion.
Operating income climbed to $581 million, up 629.41% year over year, while operating cash flow reached a record $707 million.
2026 outlook and Permian synergy target
2026 total production outlook tightened to 327-335 MBoe/d; the Permian synergy target increased to $250 million-$300 million with about $190 million captured.
