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Stock impact report

Crescent Energy (CRGY) Jumps 7.76% on Swing to Profits [Yahoo! Finance]

Crescent Energy Company (CRGY) 
Company Research Source: Yahoo! Finance
We recently published 10 Stocks Ending February With a Bang . Crescent Energy Company (NYSE:CRGY) was one of the best performers on Friday. Crescent Energy rallied for a second day on Friday, jumping 7.76 percent to close at $11.66 apiece, as investors gobbled up shares after the oil and gas firm swung to profitability last year. In an earnings call, Crescent Energy Company (NYSE:CRGY) said that it incurred an attributable net income of $132.9 million, reversing a $114.6 million net loss in 2024. Revenues also grew by 22 percent to $3.58 billion from $2.93 billion year-on-year. Total production averaged 260 MBoe/d with 104 MBo/d of oil during the year, exceeding its guidance. In the fourth quarter alone, the company remained at an attributable net loss of $8.66 million, marking a 93 percent improvement from the $118 million attributable net loss in the same period a year earlier. Total revenues dipped by 1 percent to $865 million from $875 million. Meanwhile, total producti Show less Read more
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