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Crescent Energy CRGY 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 workover expense?
- Crescent Energy (CRGY) reported workover expense of $30.34M in Q1 2026.
- How has Crescent Energy's workover expense changed year-over-year?
- Crescent Energy's 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 workover expense?
- Over 4 years (2021 to 2025), Crescent Energy's workover expense has grown at a 61.9% compound annual growth rate (CAGR), from $10.84M to $74.54M.
- What does workover expense mean?
- Represents the costs associated with performing remedial maintenance or remedial treatments on existing oil and gas wells to restore, maintain, or improve production levels. These expenses are critical for assessing the operational efficiency and lifecycle management of mature assets. High levels of workover activity may indicate aging infrastructure or proactive efforts to optimize recovery rates.
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