Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2024

The following table sets forth the computation of basic and diluted net income (loss) per share:


	Year Ended December 31,
	2024		2023		2022
	(in thousands, except share and per share amounts)
Numerator:
Net income (loss)	$	(137,683)	$	321,991	$	480,600

Less: net (income) loss attributable to noncontrolling interests	1,215		(472)		(2,669)
Less: net (income) loss attributable to redeemable noncontrolling interests	21,863		(253,909)		(381,257)
Net income (loss) attributable to Crescent Energy - basic	$	(114,605)	$	67,610	$	96,674
Add: Reallocation of net income attributable to redeemable noncontrolling interest for the dilutive effect of RSUs	—		46		25
Add: Reallocation of net income attributable to redeemable noncontrolling interest for the dilutive effect of PSUs	—		869		490
Net income (loss) attributable to Crescent Energy - diluted	$	(114,605)	$	68,525	$	97,189
Denominator:
Weighted-average Class A Common Stock outstanding - basic	130,715,482		66,597,580		43,865,176
Add: dilutive effect of RSUs	—		39,999		11,867
Add: dilutive effect of PSUs	—		764,643		234,780
Weighted-average Class A common stock outstanding – diluted	130,715,482		67,402,222		44,111,823
Weighted-average Class B Stock outstanding - basic and diluted	70,519,162		104,271,400		124,856,941
Net income (loss) per share:
Class A Common Stock - basic	$	(0.88)	$	1.02	$	2.20
Class A Common Stock - diluted	$	(0.88)	$	1.02	$	2.20
Class B Common Stock - basic and diluted	$	—	$	—	$	—