Crescent Energy to see strong revenue and output growth post-Vital merger

Crescent Energy Co. (NYSE: CRGY) is set to accelerate its expansion in US shale with the planned $3.1 billion all-stock acquisition of peer Vital Energy (NYSE: VTLE), including net debt. Announced in August, the deal is expected to close by year-end pending regulatory approval and will hand Crescent a larger footprint in the prolific Permian basin of Texas and New Mexico.

Given the expected timing of the deal close, 2025 expectations reflect only Crescent’s existing operations. Visible Alpha consensus shows analysts expect 2025 revenues to rise 26% year-on-year to $3.7 billion, supported by stronger output across oil, natural gas liquids (NGL) and natural gas. Crude oil and NGL revenues are forecast to increase 13% and 25% respectively, while natural gas is expected to deliver the sharpest rebound, more than doubling after two years of declines on the back of firmer prices. Total production volume is projected to grow 32% to 264,000 barrels of oil equivalent a day, comprising 155,000 barrels a day of oil and NGLs and 658 million cubic feet a day of gas.

The full effect of the Vital merger is expected to show in 2026; Crescent’s first year of combined operations. Analysts expect revenues to jump 43% to $5.3 billion, with production volume rising 46% to 386,000 barrels of oil equivalent a day.

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