Dougla (for John Abbott)'s questions to Crescent Energy Co (CRGY) leadership • Q1 2025
Question
Dougla, on behalf of John Abbott, asked about the deal flow Crescent is seeing in terms of size and commodity mix and the likelihood of completing transactions in a volatile market. He also inquired about the company's plans for its noneconomic preferred shares following the recent corporate simplification.
Answer
CEO David Rockecharlie noted that while markets can lock up in the short term, assets do trade through cycles, and Crescent looks for value across the commodity spectrum, including its own stock. Regarding the corporate structure, he explained that the noneconomic preferred shares add stability and represent strong alignment, as the associated board members hold 30% of the company's equity, and the plan is for them to remain.