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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues:      
Total revenues $ 2,930,919 $ 2,382,602 $ 3,057,065
Expenses      
Lease operating expense 528,822 495,380 438,753
Workover expense 60,312 58,441 66,864
Asset operating expense 103,220 86,593 78,709
Gathering, transportation and marketing 312,931 235,153 177,078
Production and other taxes 162,634 162,963 238,381
Depreciation, depletion and amortization 949,480 675,782 532,926
Impairment expense 161,542 153,495 142,902
Exploration expense 16,591 9,328 3,425
Midstream and other operating expense 110,136 39,809 13,513
General and administrative expense 336,219 140,918 84,990
(Gain) loss on sale of assets (29,430) 0 (4,641)
Total expenses 2,712,457 2,057,862 1,772,900
Income (loss) from operations 218,462 324,740 1,284,165
Other income (expense):      
Gain (loss) on derivatives (114,348) 166,980 (676,902)
Interest expense (216,263) (145,807) (95,937)
Loss from extinguishment of debt (59,095) 0 0
Other income (expense) 1,760 (282) 949
Income (loss) from equity affiliates 729 (413) 4,616
Total other income (expense) (387,217) 20,478 (767,274)
Income (loss) before taxes (168,755) 345,218 516,891
Income tax benefit (expense) 31,072 (23,227) (36,291)
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 $ (114,605) $ 67,610 $ 96,674
Class A Common Stock      
Net income (loss) per share:      
Basic (in USD per share) $ (0.88) $ 1.02 $ 2.20
Diluted (in USD per share) $ (0.88) $ 1.02 $ 2.20
Weighted average shares outstanding:      
Basic (in shares) 130,715,482 66,597,580 43,865,176
Diluted (in shares) 130,715,482 67,402,222 44,111,823
Class B Common Stock      
Net income (loss) per share:      
Basic (in USD per share) $ 0 $ 0 $ 0
Diluted (in USD per share) $ 0 $ 0 $ 0
Weighted average shares outstanding:      
Basic (in shares) 70,519,162 104,271,400 124,856,941
Diluted (in shares) 70,519,162 104,271,400 124,856,941
Oil      
Revenues:      
Total revenues $ 2,130,418 $ 1,750,961 $ 1,969,070
Natural gas      
Revenues:      
Total revenues 349,858 371,066 766,962
Natural gas liquids      
Revenues:      
Total revenues 316,981 192,870 268,192
Midstream and other      
Revenues:      
Total revenues $ 133,662 $ 67,705 $ 52,841