John Freeman

Michael Furrow

Michael Scialla

John Abbott

Arun Jayaram

Charles Meade

Hsu-Lei Huang

Neal Dingmann

Timothy Rezvan

Oliver Huang

Tarek Hamid

Tim Rezvan

- Crescent Energy Co. is undertaking an offering of **$500.0 million aggregate principal amount of 7.250% Senior Notes due 2026**.  **[1866175_0001628280-25-046274_exhibit-1018xk.htm:14]** 
- This offering is connected to certain **restructuring transactions** and the **repayment in full of all principal, interest, and other amounts outstanding under existing credit facilities**.  **[1866175_0001628280-25-046274_exhibit-1018xk.htm:14]** 
- The proceeds from the loans will be utilized for **transactions, acquisition, development, and exploration of Oil and Gas Properties, and for working capital and other general corporate purposes**.  **[1866175_0001628280-25-046274_exhibit-1018xk.htm:14]** 
- The company's ability to incur additional indebtedness is limited, with an aggregate principal amount not exceeding the greater of **$120,000,000 (or $390,000,000 after the Vital Energy Acquisition Closing Date)** or **3.0% of Total Assets**.  **[1866175_0001628280-25-046274_exhibit-1018xk.htm:183]**

Crescent Energy Co. Announces $500 Million Senior Notes Offering and Refinancing

- Crescent Energy Company completed the acquisition of **Ridgemar (Eagle Ford) LLC** on **January 31, 2025**, for **$830.0 million in cash** and **5,454,546 shares of Class A Common Stock**, with potential earn-out consideration of up to **$170.0 million**.  **[1866175_0001866175-25-000118_exhibit991-8xkrmeproforma.htm:1]** 
- The company also consummated the merger with **SilverBow Resources, Inc.** on **July 30, 2024**, where SilverBow shareholders received consideration in cash, stock, or a combination thereof.  **[1866175_0001866175-25-000118_exhibit991-8xkrmeproforma.htm:1]** 
- Unaudited pro forma condensed combined statements of operations, reflecting both acquisitions as if they occurred on January 1, 2024, show a pro forma net income attributable to Crescent Energy of **$164,255 thousand** for the **six months ended June 30, 2025**, and **$84,933 thousand** for the **year ended December 31, 2024**.  **[1866175_0001866175-25-000118_exhibit991-8xkrmeproforma.htm:3]** **[1866175_0001866175-25-000118_exhibit991-8xkrmeproforma.htm:4]** **[1866175_0001866175-25-000118_exhibit991-8xkrmeproforma.htm:5]** 
- Pro forma basic earnings per share for Class A common stock were **$0.74** for the **six months ended June 30, 2025**, and **$0.51** for the **year ended December 31, 2024**.  **[1866175_0001866175-25-000118_exhibit991-8xkrmeproforma.htm:3]** **[1866175_0001866175-25-000118_exhibit991-8xkrmeproforma.htm:4]**

Crescent Energy Company Reports Pro Forma Financials Following Acquisitions

Crescent Energy (CRGY)