Crescent Energy Co 8-K

What Happened
Crescent Energy Company (CRGY) filed an 8‑K on January 12, 2026 (Item 2.02) announcing preliminary results from its commodity hedge settlements. The company expects to report approximately $84 million of total cash received from hedge positions for the three months ended December 31, 2025, and about $165 million for the full year ended December 31, 2025. These amounts are preliminary and will be finalized in Crescent’s Form 10‑K for 2025.

Key Details

• Total cash received from hedge settlements: ~$84 million (Q4 2025) and ~$165 million (FY 2025).
• Net cash (paid) received on settlement of derivatives: $50 million (Q4) and $82 million (FY).
• Settlement of acquired derivative contracts: $34 million (Q4) and $83 million (FY).
• The reported dollar amounts are preliminary, subject to change, and described as forward‑looking; final figures will appear in the 2025 Form 10‑K.

Why It Matters
Hedge settlements represent cash inflows tied to Crescent’s risk‑management positions and can materially affect reported cash flow and results for the quarter and year. For investors, these preliminary receipts signal a notable one‑time boost from derivative settlements in 2025, but final impact on earnings and cash flow will be confirmed in the company’s audited 10‑K.