2023 Q4 Form 10-K Financial Statement

#000186617524000015 Filed on March 04, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023 2022 Q4
Revenue $657.7M $2.383B $684.8M
YoY Change -3.95% -22.06% 47.81%
Cost Of Revenue $310.3M $1.078B $255.1M
YoY Change 21.64% 6.42%
Gross Profit $347.5M $1.304B $429.7M
YoY Change -19.14% -36.18%
Gross Profit Margin 52.83% 54.74% 62.75%
Selling, General & Admin $33.71M $134.9M $24.39M
YoY Change 38.23% 75.34%
% of Gross Profit 9.7% 10.34% 5.68%
Research & Development $7.787M $9.328M -$423.0K
YoY Change -1940.9% 172.35%
% of Gross Profit 2.24% 0.72% -0.1%
Depreciation & Amortization $182.9M $675.8M $157.3M
YoY Change 16.26% 26.81% 3.04%
% of Gross Profit 52.64% 51.81% 36.61%
Operating Expenses $224.4M $2.058B $181.3M
YoY Change 23.78% 16.07%
Operating Profit $123.1M $324.7M $248.4M
YoY Change -50.46% -74.71% 53.72%
Interest Expense $191.2M $145.8M -$58.23M
YoY Change -428.42% 51.98%
% of Operating Profit 155.38% 44.9% -23.44%
Other Income/Expense, Net -$1.488M $20.48M $5.421M
YoY Change -127.45% -102.67%
Pretax Income $158.3M $345.2M $51.12M
YoY Change 209.72% -33.21%
Income Tax $18.33M $23.23M $1.763M
% Of Pretax Income 11.58% 6.73% 3.45%
Net Earnings $55.54M $67.61M $8.790M
YoY Change 531.8% -30.06% -145.37%
Net Earnings / Revenue 8.44% 2.84% 1.28%
Basic Earnings Per Share
Diluted Earnings Per Share $0.31 $0.40 $0.06
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q4 2023 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.974M $2.974M $0.00
YoY Change -100.0%
Cash & Equivalents $2.974M $2.974M $0.00
Short-Term Investments
Other Short-Term Assets $11.21M $105.9M $56.99M
YoY Change -80.32% 85.9% 544.36%
Inventory
Prepaid Expenses $40.41M $13.24M
Receivables $506.7M $506.7M $457.1M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $615.7M $615.7M $516.7M
YoY Change 19.14% 19.14% 7.74%
LONG-TERM ASSETS
Property, Plant & Equipment $6.116B $6.116B $5.438B
YoY Change 12.47% 12.47% 19.32%
Goodwill $0.00 $0.00
YoY Change -100.0%
Intangibles
YoY Change
Long-Term Investments $6.076M $6.076M $15.04M
YoY Change -59.6% -59.6% -2.45%
Other Assets $57.72M $65.78M $50.30M
YoY Change 14.74% 30.77% 66.71%
Total Long-Term Assets $6.188B $6.188B $5.503B
YoY Change 12.44% 12.44% 17.64%
TOTAL ASSETS
Total Short-Term Assets $615.7M $615.7M $516.7M
Total Long-Term Assets $6.188B $6.188B $5.503B
Total Assets $6.803B $6.803B $6.020B
YoY Change 13.02% 13.02% 16.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $125.0M $125.0M $104.3M
YoY Change 19.81% 19.81% 19.47%
Accrued Expenses $488.5M $488.5M $420.3M
YoY Change 16.22% 16.22% 66.91%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $4.233M $4.233M $3.341M
YoY Change 26.7% 26.7% 108.03%
Total Short-Term Liabilities $750.3M $750.3M $893.7M
YoY Change -16.06% -16.06% 45.06%
LONG-TERM LIABILITIES
Long-Term Debt $1.694B $1.701B $1.248B
YoY Change 35.82% 35.58% 21.07%
Other Long-Term Liabilities $35.02M $453.3M $14.18M
YoY Change 146.91% 6.72% 3.89%
Total Long-Term Liabilities $1.729B $2.155B $1.262B
YoY Change 37.06% 28.28% 20.85%
TOTAL LIABILITIES
Total Short-Term Liabilities $750.3M $750.3M $893.7M
Total Long-Term Liabilities $1.729B $2.155B $1.262B
Total Liabilities $3.168B $5.099B $2.721B
YoY Change 16.42% -1.42% 27.27%
SHAREHOLDERS EQUITY
Retained Earnings $95.45M $61.96M
YoY Change 54.05% -419.76%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.705B $1.705B $848.1M
YoY Change
Total Liabilities & Shareholders Equity $6.803B $6.803B $6.020B
YoY Change 13.02% 13.02% 16.72%

Cashflow Statement

Concept 2023 Q4 2023 2022 Q4
OPERATING ACTIVITIES
Net Income $55.54M $67.61M $8.790M
YoY Change 531.8% -30.06% -145.37%
Depreciation, Depletion And Amortization $182.9M $675.8M $157.3M
YoY Change 16.26% 26.81% 3.04%
Cash From Operating Activities $322.9M $935.8M $215.0M
YoY Change 50.16% -7.57% 8.89%
INVESTING ACTIVITIES
Capital Expenditures $336.6M $1.431B $151.4M
YoY Change 122.33% 17.33% -194.01%
Acquisitions
YoY Change
Other Investing Activities $4.069M -$2.764M $88.00M
YoY Change -95.38% -21.83% 2708.91%
Cash From Investing Activities -$332.6M -$1.399B -$63.41M
YoY Change 424.46% 24.41% -59.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $72.00K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -248.9M $456.5M -166.0M
YoY Change 49.98% -5921.4% -1211.13%
NET CHANGE
Cash From Operating Activities 322.9M $935.8M 215.0M
Cash From Investing Activities -332.6M -$1.399B -63.41M
Cash From Financing Activities -248.9M $456.5M -166.0M
Net Change In Cash -258.6M -$6.575M -14.35M
YoY Change 1702.13% -94.51% -126.34%
FREE CASH FLOW
Cash From Operating Activities $322.9M $935.8M $215.0M
Capital Expenditures $336.6M $1.431B $151.4M
Free Cash Flow -$13.76M -$494.8M $63.60M
YoY Change -121.64% 139.1% -82.26%

Facts In Submission

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PaymentsToNoncontrollingInterestsManagementCompensation
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CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires management to make use of estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. We use historical experience and various other assumptions and information that are believed to be reasonable under the circumstances in developing our estimates and judgments. Estimates and assumptions about future events and their effects cannot be predicted with certainty and, accordingly, these estimates may change as new events occur, as more experience is acquired, as additional information is obtained and as our operating environment changes. While we believe that the estimates and assumptions used in the preparation of the financial statements are appropriate, actual results may differ from these estimates. Our significant estimates include the fair value of acquired assets and liabilities, oil and natural gas reserves, impairment of proved and unproved oil and natural gas properties, impairment of goodwill, valuation of derivative instruments and income taxes.</span></div>
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2974000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
0 usd
CY2021Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
0 usd
CY2023Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
5494000 usd
CY2022Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
7304000 usd
CY2021Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
6539000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8729000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15304000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
135117000 usd
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 usd
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 usd
CY2023Q4 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
0 usd
CY2022Q4 us-gaap Held To Maturity Securities Restricted
HeldToMaturitySecuritiesRestricted
7100000 usd
CY2023Q4 us-gaap Held To Maturity Securities Restricted
HeldToMaturitySecuritiesRestricted
7100000 usd
CY2023 us-gaap Exploration Expense
ExplorationExpense
9300000 usd
CY2022 us-gaap Exploration Expense
ExplorationExpense
3400000 usd
CY2021 us-gaap Exploration Expense
ExplorationExpense
1200000 usd
CY2023 us-gaap Depletion
Depletion
626600000 usd
CY2022 us-gaap Depletion
Depletion
498300000 usd
CY2021 us-gaap Depletion
Depletion
300000000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
81920000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
35055000 usd
CY2023 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
1391000 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
8164000 usd
CY2023 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
149600000 usd
CY2022 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
65200000 usd
CY2021 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0 usd
CY2023Q4 crgy Drilling Advances Current
DrillingAdvancesCurrent
1000000 usd
CY2022Q4 crgy Drilling Advances Current
DrillingAdvancesCurrent
14700000 usd
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
562000 usd
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
83841000 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
92518000 usd
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
47173000 usd
CY2023 us-gaap Stock Issued1
StockIssued1
0 usd
CY2022 us-gaap Stock Issued1
StockIssued1
0 usd
CY2021 us-gaap Stock Issued1
StockIssued1
647579000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
29624000 usd
CY2023 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
1
CY2023 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
4200000 usd
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
4700000 usd
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Credit and Concentration Risk</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We sell a significant amount of our oil, natural gas and NGL production to a limited number of purchasers. This concentration has the potential to impact our overall exposure to credit risk, either positively or negatively, in that our purchasers may be similarly affected by changes in economic, industry or other conditions. If these counterparties were to fail to pay amounts due to us, our financial position and results of operations could be materially affected.</span></div>
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
13343000 usd
CY2023Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
18500000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
13100000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
24200000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5000000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
8573000 usd
CY2023 crgy Exchange Of Stock
ExchangeOfStock
0 usd
CY2022 crgy Exchange Of Stock
ExchangeOfStock
0 usd
CY2021 crgy Exchange Of Stock
ExchangeOfStock
62051000 usd
CY2023 us-gaap Noncontrolling Interest Decrease From Deconsolidation
NoncontrollingInterestDecreaseFromDeconsolidation
0 usd
CY2022 us-gaap Noncontrolling Interest Decrease From Deconsolidation
NoncontrollingInterestDecreaseFromDeconsolidation
0 usd
CY2023Q4 us-gaap Goodwill
Goodwill
0 usd
CY2022Q4 us-gaap Goodwill
Goodwill
0 usd
CY2021Q4 us-gaap Goodwill
Goodwill
76564000 usd
CY2023 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0 usd
CY2022 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0 usd
CY2023 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
0 usd
CY2022 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
1125000 usd
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
77689000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
0 usd
CY2022Q4 us-gaap Goodwill
Goodwill
0 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
113796000 usd
CY2021 us-gaap Noncontrolling Interest Decrease From Deconsolidation
NoncontrollingInterestDecreaseFromDeconsolidation
121872000 usd
CY2023 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
0 usd
CY2022 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
0 usd
CY2021 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
3373000 usd
CY2022Q4 us-gaap Derivative Swap Type Fixed Price
DerivativeSwapTypeFixedPrice
75
CY2022Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
54100000 usd
CY2021Q4 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1150991 shares
CY2022 crgy Business Combination Provisional Information Initial Accounting Incomplete Adjustment Oil And Gas Proved Properties
BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentOilAndGasProvedProperties
200000 usd
CY2023Q4 us-gaap Proved Oil And Gas Property Successful Effort Method
ProvedOilAndGasPropertySuccessfulEffortMethod
8574478000 usd
CY2022Q4 us-gaap Proved Oil And Gas Property Successful Effort Method
ProvedOilAndGasPropertySuccessfulEffortMethod
7113819000 usd
CY2023Q4 us-gaap Unproved Oil And Gas Property Successful Effort Method
UnprovedOilAndGasPropertySuccessfulEffortMethod
283324000 usd
CY2022Q4 us-gaap Unproved Oil And Gas Property Successful Effort Method
UnprovedOilAndGasPropertySuccessfulEffortMethod
314255000 usd
CY2023Q4 us-gaap Oil And Gas Property Successful Effort Method Gross
OilAndGasPropertySuccessfulEffortMethodGross
8857802000 usd
CY2022Q4 us-gaap Oil And Gas Property Successful Effort Method Gross
OilAndGasPropertySuccessfulEffortMethodGross
7428074000 usd
CY2023Q4 us-gaap Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion Amortization And Impairment
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAmortizationAndImpairment
2865095000 usd
CY2022Q4 us-gaap Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion Amortization And Impairment
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAmortizationAndImpairment
2102286000 usd
CY2023Q4 us-gaap Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
5992707000 usd
CY2022Q4 us-gaap Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
5325788000 usd
CY2023Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
18454000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
13120000 usd
CY2023Q4 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
0 usd
CY2022Q4 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
0 usd
CY2023Q4 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
20336000 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
116406000 usd
CY2023Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
54019000 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
62387000 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
96070000 usd
CY2023Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
54019000 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
42051000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
32218000 usd
CY2022Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
17340000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
14878000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
394052000 usd
CY2022Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
17340000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
376712000 usd
CY2023 us-gaap Asset Impairment Charges
AssetImpairmentCharges
153500000 usd
CY2023 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
149600000 usd
CY2023Q4 us-gaap Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
238100000 usd
CY2023Q4 us-gaap Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
88500000 usd
CY2022 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
142900000 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
77700000 usd
CY2022 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
65200000 usd
CY2022Q4 us-gaap Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
183200000 usd
CY2022Q4 us-gaap Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
118000000 usd
CY2023Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
1750700000 usd
CY2022Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
661500000 usd
CY2022 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
38198000 usd
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
125010000 usd
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
104343000 usd
CY2023Q4 crgy Accrued Lease Operating Expense Current
AccruedLeaseOperatingExpenseCurrent
58847000 usd
CY2022Q4 crgy Accrued Lease Operating Expense Current
AccruedLeaseOperatingExpenseCurrent
58375000 usd
CY2023Q4 crgy Accrued Capital Expenditure Current
AccruedCapitalExpenditureCurrent
74206000 usd
CY2022Q4 crgy Accrued Capital Expenditure Current
AccruedCapitalExpenditureCurrent
76246000 usd
CY2023Q4 crgy Accrued General And Administrative Expense Current
AccruedGeneralAndAdministrativeExpenseCurrent
16441000 usd
CY2022Q4 crgy Accrued General And Administrative Expense Current
AccruedGeneralAndAdministrativeExpenseCurrent
13688000 usd
CY2023Q4 crgy Accrued Gathering Transportation And Marketing Expense Current
AccruedGatheringTransportationAndMarketingExpenseCurrent
56088000 usd
CY2022Q4 crgy Accrued Gathering Transportation And Marketing Expense Current
AccruedGatheringTransportationAndMarketingExpenseCurrent
31525000 usd
CY2023Q4 crgy Accrued Revenue And Royalties Payable
AccruedRevenueAndRoyaltiesPayable
154345000 usd
CY2022Q4 crgy Accrued Revenue And Royalties Payable
AccruedRevenueAndRoyaltiesPayable
160775000 usd
CY2023Q4 us-gaap Interest Payable Current
InterestPayableCurrent
45546000 usd
CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
11672000 usd
CY2023Q4 crgy Accrued Severance Taxes
AccruedSeveranceTaxes
58100000 usd
CY2022Q4 crgy Accrued Severance Taxes
AccruedSeveranceTaxes
55496000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
24960000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
12570000 usd
CY2023Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
14408000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
29125000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
1694375000 usd
CY2022Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
9770000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
11891000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
1247558000 usd
CY2022Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
365614000 usd
CY2021Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
266007000 usd
CY2023 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
34460000 usd
CY2023 crgy Asset Retirement Obligation Retirements
AssetRetirementObligationRetirements
10046000 usd
CY2022 crgy Asset Retirement Obligation Retirements
AssetRetirementObligationRetirements
6489000 usd
CY2023 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
27782000 usd
CY2022 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
20814000 usd
CY2023 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
29002000 usd
CY2022 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
63900000 usd
CY2023 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
1752000 usd
CY2023Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
445060000 usd
CY2022Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
18746000 usd
CY2023Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
418319000 usd
CY2022Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
346868000 usd
CY2023Q3 crgy Threshold Days Granted To Underwriter Option To Purchase Additional Shares Term
ThresholdDaysGrantedToUnderwriterOptionToPurchaseAdditionalSharesTerm
P30D
CY2023Q3 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
145700000 usd
CY2023 crgy Net Income Loss Attributable To Parent And Predecessor
NetIncomeLossAttributableToParentAndPredecessor
67610000 usd
CY2022 crgy Net Income Loss Attributable To Parent And Predecessor
NetIncomeLossAttributableToParentAndPredecessor
96674000 usd
CY2021 crgy Net Income Loss Attributable To Parent And Predecessor
NetIncomeLossAttributableToParentAndPredecessor
-358544000 usd
CY2023 crgy Noncontrolling Interest Decrease From Reorganization
NoncontrollingInterestDecreaseFromReorganization
0 usd
CY2022 crgy Noncontrolling Interest Decrease From Reorganization
NoncontrollingInterestDecreaseFromReorganization
0 usd
CY2021 crgy Noncontrolling Interest Decrease From Reorganization
NoncontrollingInterestDecreaseFromReorganization
0 usd
CY2023 crgy Noncontrolling Interest Increase From Exchange Pre Merger
NoncontrollingInterestIncreaseFromExchangePreMerger
0 usd
CY2022 crgy Noncontrolling Interest Increase From Exchange Pre Merger
NoncontrollingInterestIncreaseFromExchangePreMerger
0 usd
CY2021 crgy Noncontrolling Interest Increase From Exchange Pre Merger
NoncontrollingInterestIncreaseFromExchangePreMerger
0 usd
CY2023 crgy Noncontrolling Interest Increase From Exchange Post Merger
NoncontrollingInterestIncreaseFromExchangePostMerger
0 usd
CY2022 crgy Noncontrolling Interest Increase From Exchange Post Merger
NoncontrollingInterestIncreaseFromExchangePostMerger
0 usd
CY2021 crgy Noncontrolling Interest Increase From Exchange Post Merger
NoncontrollingInterestIncreaseFromExchangePostMerger
62051000 usd
CY2023 crgy Noncontrolling Interest Net Transfers
NoncontrollingInterestNetTransfers
0 usd
CY2022 crgy Noncontrolling Interest Net Transfers
NoncontrollingInterestNetTransfers
0 usd
CY2021 crgy Noncontrolling Interest Net Transfers
NoncontrollingInterestNetTransfers
62051000 usd
CY2023 crgy Noncontrolling Interest Changes Net
NoncontrollingInterestChangesNet
67610000 usd
CY2022 crgy Noncontrolling Interest Changes Net
NoncontrollingInterestChangesNet
96674000 usd
CY2021 crgy Noncontrolling Interest Changes Net
NoncontrollingInterestChangesNet
-296493000 usd
CY2021Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
2353977000 usd
CY2021Q4 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
-58761000 usd
CY2021Q4 crgy Temporary Equity Accrued Distribution
TemporaryEquityAccruedDistribution
2706000 usd
CY2021Q4 crgy Temporary Equity Equity Based Compensation
TemporaryEquityEquityBasedCompensation
16412000 usd
CY2021Q4 crgy Temporary Equity Cancellation
TemporaryEquityCancellation
16091000 usd
CY2021Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
2325013000 usd
CY2022 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
381257000 usd
CY2022 crgy Redeemable Noncontrolling Interest Contribution
RedeemableNoncontrollingInterestContribution
5985000 usd
CY2022 crgy Temporary Equity Distributions
TemporaryEquityDistributions
213000 usd
CY2022 crgy Temporary Equity Accrued Distribution
TemporaryEquityAccruedDistribution
9513000 usd
CY2022 crgy Temporary Equity Equity Based Compensation
TemporaryEquityEquityBasedCompensation
18623000 usd
CY2022 crgy Temporary Equity Cancellation
TemporaryEquityCancellation
-158065000 usd
CY2022Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
2436703000 usd
CY2023 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
253909000 usd
CY2023 crgy Redeemable Noncontrolling Interest Contribution
RedeemableNoncontrollingInterestContribution
1238000 usd
CY2023 crgy Temporary Equity Distributions
TemporaryEquityDistributions
417000 usd
CY2023 crgy Temporary Equity Accrued Distribution
TemporaryEquityAccruedDistribution
6794000 usd
CY2023 crgy Temporary Equity Equity Based Compensation
TemporaryEquityEquityBasedCompensation
42782000 usd
CY2023 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
679567000 usd
CY2023 us-gaap Temporary Equity Stock Issued During Period Value New Issues
TemporaryEquityStockIssuedDuringPeriodValueNewIssues
65841000 usd
CY2023Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
1901208000 usd
CY2023Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-17000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
323000 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
19520000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
38002000 usd
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-935000 usd
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
511000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2790000 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
629000 usd
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
3213000 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-4824000 usd
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
23227000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
36291000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-306000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
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CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
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CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.026
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0
CY2023 crgy Effective Income Tax Rate Reconciliation Permanent Adjustments Percent
EffectiveIncomeTaxRateReconciliationPermanentAdjustmentsPercent
0
CY2022 crgy Effective Income Tax Rate Reconciliation Permanent Adjustments Percent
EffectiveIncomeTaxRateReconciliationPermanentAdjustmentsPercent
0.009
CY2021 crgy Effective Income Tax Rate Reconciliation Permanent Adjustments Percent
EffectiveIncomeTaxRateReconciliationPermanentAdjustmentsPercent
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
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EffectiveIncomeTaxRateReconciliationTaxExemptIncome
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EffectiveIncomeTaxRateReconciliationOtherAdjustments
0
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EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.013
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0
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CY2021 us-gaap Effective Income Tax Rate Continuing Operations
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CY2023Q4 crgy Deferred Tax Liabilities Outside Basis
DeferredTaxLiabilitiesOutsideBasis
284533000 usd
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DeferredTaxLiabilitiesOutsideBasis
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DeferredTaxLiabilitiesPropertyPlantAndEquipment
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CY2022Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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2567000 usd
CY2023Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
288765000 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
151222000 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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32381000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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25417000 usd
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20622000 usd
CY2022Q4 us-gaap Deferred Tax Assets Other Loss Carryforwards
DeferredTaxAssetsOtherLossCarryforwards
19286000 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
44121000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
43986000 usd
CY2023Q4 crgy Deferred Tax Assets Equity Based Compensation
DeferredTaxAssetsEquityBasedCompensation
10630000 usd
CY2022Q4 crgy Deferred Tax Assets Equity Based Compensation
DeferredTaxAssetsEquityBasedCompensation
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CY2023Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
6672000 usd
CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
1649000 usd
CY2023Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
26184000 usd
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
3874000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
262581000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
147348000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements Domestic
EffectiveIncomeTaxRateReconciliationTaxSettlementsDomestic
0.80
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
30600000 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
23500000 usd
CY2022 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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19300000 usd
CY2023 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
20600000 usd
CY2022 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
19300000 usd
CY2023 crgy Number Of Purchase Agreements
NumberOfPurchaseAgreements
1 purchase_agreement
CY2023 crgy Long Term Purchase Commitment Minimum Daily Volume Required
LongTermPurchaseCommitmentMinimumDailyVolumeRequired
119000 mcf
CY2023 us-gaap Results Of Operations Transportation Costs
ResultsOfOperationsTransportationCosts
15600000 usd
CY2022 us-gaap Results Of Operations Transportation Costs
ResultsOfOperationsTransportationCosts
4500000 usd
CY2021 us-gaap Results Of Operations Transportation Costs
ResultsOfOperationsTransportationCosts
5800000 usd
CY2022Q4 srt Proved Developed And Undeveloped Reserve Net Energy
ProvedDevelopedAndUndevelopedReserveNetEnergy
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CY2023 us-gaap Allocated Share Based Compensation Expense
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CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
38063000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
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CY2023Q2 us-gaap Operating Lease Right Of Use Asset
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2400000 usd
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100000 usd
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
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2300000 usd
CY2023 crgy Number Of Class Of Equity
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2 class
CY2023 us-gaap Profit Loss
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CY2022 us-gaap Profit Loss
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CY2021 us-gaap Profit Loss
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CY2023 crgy Net Income Loss Attributable To Predecessor
NetIncomeLossAttributableToPredecessor
0 usd
CY2022 crgy Net Income Loss Attributable To Predecessor
NetIncomeLossAttributableToPredecessor
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CY2021 crgy Net Income Loss Attributable To Predecessor
NetIncomeLossAttributableToPredecessor
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CY2023 us-gaap Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
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472000 usd
CY2022 us-gaap Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
2669000 usd
CY2021 us-gaap Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
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CY2023 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
253909000 usd
CY2022 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
381257000 usd
CY2021 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
-58761000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
67610000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
96674000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-19376000 usd
CY2023 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
68525000 usd
CY2022 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
97189000 usd
CY2021 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
-19376000 usd
CY2021Q4 srt Proved Developed And Undeveloped Reserve Net Energy
ProvedDevelopedAndUndevelopedReserveNetEnergy
535310000 boe
CY2023Q4 srt Proved Developed And Undeveloped Reserve Net Energy
ProvedDevelopedAndUndevelopedReserveNetEnergy
548166000 boe
CY2021 crgy Proved Undeveloped Reserves Planned Development Period
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P5Y
CY2022 srt Proved Developed And Undeveloped Reserve Purchase Of Mineral In Place Energy
ProvedDevelopedAndUndevelopedReservePurchaseOfMineralInPlaceEnergy
65600000 boe
CY2022Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
1150991 shares
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.0001
CY2023Q4 ecd Rule10b51 Arr Adopted Flag
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false
CY2023Q4 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q4 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q4 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023 dei Auditor Firm
AuditorFirmId
34

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