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Crescent Energy Company has commenced an underwritten public offering of $1 billion in Class A common stock.
The company announced the start of the sale on October 8, 2026, to help fund the acquisition of oil and natural gas assets from Devon Energy Production Company, L.P.
The transaction, referred to as the Devon EF Assets Acquisition, is anticipated to finalize between the fourth quarter of 2026 and early 2027, provided standard conditions are met and necessary regulatory clearances are obtained.
The company intends to use the net proceeds from the offering to cover a portion of the cash consideration for the asset purchase.
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