Dafinchi AI

CRGY

Energy & Utilities

Adjusted EBITDA for the quarter was approximately $514 million, with capital expenditures of $265 million.
Crescent Energy posted an exceptional Q2 2025 with record production of 263,000 barrels of oil equivalent per day, including 108,000 barrels of oil per day.
Crescent repaid approximately $200 million of debt during the quarter, increasing liquidity to $1.75 billion.
Dividend of $0.12 per share was declared, equating to an attractive 7% annualized yield.
The company generated approximately $171 million of free cash flow, exceeding Wall Street expectations on all key metrics.
The company repurchased $28 million of stock at an average price of $7.88, about 12% below the current share price.

REPX

Energy & Utilities

Adjusted EBITDAX margin was 66%, down from 71% a year ago, reflecting resiliency despite lower prices.
Barrels of oil equivalent production increased 1% quarter-over-quarter and 14% year-over-year to 2.22 million barrels.
Cash flow from operations in Q2 2025 was $33.6 million, down quarter-over-quarter due to lower oil prices and working capital changes.
Debt increased to $284 million at quarter end, primarily due to Silverback acquisition funding, with total debt at $401 million as of August 1.
Net production declined slightly from 1.41 million to 1.38 million barrels of oil quarter-over-quarter but increased 3% year-over-year.
Operating expenses (LOE and cash G&A per BOE) decreased by 5% to 7% compared to prior periods.
Realized oil prices before hedges fell 11% quarter-over-quarter and 22% year-over-year; prices after hedges fell 7% quarter-over-quarter and 14% year-over-year, showing effective risk management.

TRGP

Energy & Utilities

Adjusted EBITDA was flat sequentially due to lower marketing margins, weaker commodity prices, and a planned turnaround at the Mont Belvieu fractionation complex.
Completed a $1.5 billion debt offering and retired $705 million of higher-cost notes, improving debt maturity profile.
Full-year 2025 adjusted EBITDA guidance remains $4.65 billion to $4.85 billion.
Liquidity stood at $3.5 billion with a pro forma leverage ratio of 3.6x, within the target range of 3x to 4x.
Targa Resources reported adjusted EBITDA of $1.163 billion for Q2 2025, an 18% increase year-over-year, driven by higher Permian volumes and full ownership of Badlands assets.

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