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Crescent Energy CRGY Business Segments — Workover expense
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Where this comes from
Reported directly by Crescent Energy in its filing.
Tagged under the XBRL concept crgy:WorkoverExpense.
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 |
| Expenses: | ||
| 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 of oil and natural gas properties | — | 45,647 |
Item 1. Financial Statements
FAQ
- What is Crescent Energy's business segments — workover expense?
- Crescent Energy (CRGY) reported business segments — workover expense of $30.34M in Q1 2026.
- How has Crescent Energy's business segments — workover expense changed year-over-year?
- Crescent Energy's business segments — workover expense increased by 89.4% year-over-year, from $16.02M to $30.34M.
- What is the long-term trend for Crescent Energy's business segments — workover expense?
- Over 3 years (2022 to 2025), Crescent Energy's business segments — workover expense has grown at a 3.7% compound annual growth rate (CAGR), from $66.86M to $74.54M.
- What does business segments — workover expense mean?
- This metric tracks the costs incurred for remedial operations on existing wells to restore or increase production levels. It reflects the ongoing investment required to maintain the productivity of mature assets. High levels of workover expense may indicate aging infrastructure or a strategic focus on optimizing existing well performance.
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