Investing.com - Crescent Energy reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Crescent Energy announced earnings per share of $2.74 on revenue of $864.96M. Analysts polled by Investing.com anticipated EPS of $1.28 on revenue of $673.5M.
Crescent Energy shares are up 4.35% from the beginning of the year , still down 28.24% from its 52 week high of $19.65 set on Monday, April 18, 2022.
Crescent Energy follows other major Energy sector earnings this month
Crescent Energy's report follows an earnings beat by Exxon Mobil on Friday, October 28, 2022, who reported EPS of $4.45 on revenue of $112.07B, compared to forecasts EPS of $3.67 on revenue of $107.24B.
Chevron had beat expectations on Friday, October 28, 2022 with third quarter EPS of $5.66 on revenue of $66.64B, compared to forecast for EPS of $4.83 on revenue of $57.03B.
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