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Crescent Energy CRGY Business Segments — Lease and asset operating expense
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Where this comes from
Reported directly by Crescent Energy in its filing.
Tagged under the XBRL concept us-gaap:OperatingLeaseExpense.
The source filing: Crescent Energy’s 10-Q, filed May 4, 2026.
- Filed
- May 4, 2026, 4:36 PM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0001866175-26-000090
| Line item | Three Months Ended March 31, 2026 | Three Months Ended March 31, 2025 |
|---|---|---|
| Total revenues | $1,182,830 | $950,172 |
| Less: | ||
| Lease and asset operating expense | 234,156 | 192,005 |
| Workover expense | 30,340 | 16,022 |
| Gathering, processing and transportation | 102,075 | 105,287 |
| Production and other taxes | 55,699 | 60,381 |
| Depreciation, depletion and amortization | 354,125 | 282,573 |
| Impairment expense | — | 45,647 |
Item 1. Financial Statements
FAQ
- What is Crescent Energy's business segments — lease and asset operating expense?
- Crescent Energy (CRGY) reported business segments — lease and asset operating expense of $234.16M in Q1 2026.
- How has Crescent Energy's business segments — lease and asset operating expense changed year-over-year?
- Crescent Energy's business segments — lease and asset operating expense increased by 22.0% year-over-year, from $192.01M to $234.16M.
- What is the long-term trend for Crescent Energy's business segments — lease and asset operating expense?
- Over 3 years (2022 to 2025), Crescent Energy's business segments — lease and asset operating expense has grown at a 22.1% compound annual growth rate (CAGR), from $438.75M to $798.22M.
- What does business segments — lease and asset operating expense mean?
- This metric captures the direct costs associated with operating and maintaining oil and gas properties, including labor, materials, and routine maintenance. It is a critical measure of the segment's operational efficiency and cost control in managing field assets. Lowering these expenses relative to production volume is essential for maintaining healthy margins in the energy sector.
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