Aug. 10 at 11:50 AM
$CRGY Crescent delivered a record
$418M of levered FCF, raised production guidance, lowered cost guidance and kept development capex unchanged.
The bigger development: Permian synergies are now
$190M captured, with the target raised to
$250–300M vs. just
$90–100M initially.
The key question now isn’t whether CRGY can grow—it’s whether that operating improvement converts into lower leverage and higher per-share value.
