Crescent Energy Company - Current Report (Form 8-K)

Crescent Energy Company (Crescent) anticipates reporting approximately $40 million in total cash paid on its commodity derivative positions for the three months ended March 31, 2026. This is composed of an expected net cash paid of $101 million on its own derivative positions, offset by $61 million received from the settlement of acquired derivative contracts. These amounts are preliminary and subject to change, with final figures to be reported in Crescent's upcoming Quarterly Report on Form 10-Q. The company notes that these figures exclude a $15.0 million settlement of contingent earn-out consideration related to the Ridgemar Acquisition and that the reported settlements will be reflected in Adjusted EBITDAX.