Crescent Energy (CRGY) Fell This Week. Here is Why.

The share price of Crescent Energy Company (NYSE:CRGY) fell by 9.66% between June 18 and June 25, 2025, putting it among the Energy Stocks that Lost the Most This Week.

Crescent Energy (CRGY) Fell This Week. Here is Why.

View of an oil & gas exploratory platform, surrounded by a vast expanse of sea & sky.

Crescent Energy Company (NYSE:CRGY) is a differentiated energy company with operations focused in Texas and the Rockies. The company also operates conventional assets in Wyoming, where it is active in carbon capture, use, and storage.

Crescent Energy Company (NYSE:CRGY) took a hit after the company announced a strategic financial restructuring this week. Crescent Energy revealed that it plans to issue $600 million of 8.375% Senior Notes due 2034 in a private placement to eligible purchasers. The offering size was previously announced at $500 million, but the company later raised it by another $100 million.

The move is aimed at optimizing debt and enhancing financial flexibility, with the proceeds going to fund a tender offer to purchase a portion of Crescent Energy Company (NYSE:CRGY)’s outstanding 9.250% Senior Notes due 2028.

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