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CRGY 424B3: Secondary offering

Filed with the SEC on · accession 0001628280-26-065568

CRGY filed a 424B3 (prospectus (offering)) with the SEC on Oct 13, 2026. Crescent Energy Company is offering 80,000,000 shares of Class A common stock at $12.50 per share, raising $1 billion in gross proceeds. The stock moved +2.2% by the first close after the filing.

Summary of the filing

Crescent Energy Company is offering 80,000,000 shares of Class A common stock at $12.50 per share, raising $1 billion in gross proceeds. KKR-affiliated Independence Energy Aggregator L.P. has agreed to purchase 40,000,000 shares in the offering.

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Key details

Shares offeredshares 80.0M
Public offering price per share$13
Total gross proceeds$1.0B
Underwriting discounts and commissions$27.5M
Net proceeds to company before expenses$972.5M
Shares purchased by KKR affiliateshares 40.0M
Over-allotment option sharesshares 12.0M
Closing price on October 7, 2026$13
IssuerCrescent Energy Company
Affiliated purchaser (kkr)Independence Energy Aggregator L.P.
Affiliate of purchaserKKR & Co. Inc.
UnderwriterJ.P. Morgan
UnderwriterKKR
UnderwriterRaymond James
UnderwriterEvercore ISI
UnderwriterWells Fargo Securities
UnderwriterKeyBanc Capital Markets
UnderwriterMizuho
UnderwriterTruist Securities
UnderwriterJohnson Rice & Company
UnderwriterPickering Energy Partners
UnderwriterStephens Inc.
UnderwriterTPH&Co.
UnderwriterAmerican Veterans Group
UnderwriterCabrera Capital Markets LLC
UnderwriterCastleOak Securities, L.P.
UnderwriterC.L. King & Associates
UnderwriterGuzman & Company
Asset seller (pending acquisition)Devon Energy Production Company, L.P.
Parent of asset sellerDevon Energy Corporation

How CRGY stock reacted

Close before

$12.78

Oct 12, 2026

First close after

+2.19%

$13.06

5 trading days

+7.20%

$13.70

Since filing

-12.21%

$11.22

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Frequently asked questions

What did CRGY file with the SEC on Oct 13, 2026?

CRGY filed a 424B3 (Secondary offering). Crescent Energy Company is offering 80,000,000 shares of Class A common stock at $12.50 per share, raising $1 billion in gross proceeds. KKR-affiliated Independence Energy Aggregator L.P. has agreed to purchase 40,000,000 shares in the offering.

What does a secondary offering mean for CRGY stock?

New shares dilute existing holders and are often sold at a discount to the market price.

How do I read a 424B3?

The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B3 (prospectus (offering)): The final terms of an offering of shares or bonds.

How did CRGY stock react to this filing?

CRGY closed at $12.78 before the filing and $13.06 on Oct 13, 2026 (+2.19%). Five trading days later: $13.70 (+7.20%).

Other CRGY SEC filings

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