Who Owns Crescent Company?

Crescent Bundle

Get Full Bundle:

	BCG	$15	$10
	5 FORCES	$15	$10
	CANVAS	$15	$10
	4P's MIX	$15	$10
	PESTLE	$15	$10
	SWOT	$15	$10

TOTAL:

ADD TO CART

Who Owns Crescent Company?

The ownership structure of a company is a key factor in understanding its strategic direction and accountability. Crescent Energy Company, following its significant merger with Independence Energy LLC in December 2021, became a publicly traded entity on the New York Stock Exchange under the ticker symbol CRGY. This event not only expanded its operations but also reshaped its ownership landscape.

Originally founded in 2011 as Contango Oil & Gas by individuals like John Goff and Neal Shear, the company, now headquartered in Houston, Texas, focuses on leveraging technology and data analytics for the acquisition and development of oil and natural gas resources across the United States. Its operational strategy aims to optimize production and enhance asset value, as evidenced by its record annual production of 201 MBoe/d in late 2024, a more than 30% increase year-over-year.

Understanding who owns Crescent Company is crucial for grasping its market position and future trajectory. As of April 2025, with a market capitalization around $2.04 billion, Crescent Energy's ownership is a blend of institutional investors, company insiders, and individual retail investors. This diverse stakeholder base influences the company's governance and strategic decisions, reflecting a dynamic ownership structure that has evolved significantly since its inception.

The history of Crescent Company reveals a journey from its origins as Contango Oil & Gas to its current status as a major energy player. The merger with Independence Energy LLC in December 2021 was a transformative event, leading to its public listing and a broader distribution of ownership. This transition means that Crescent Company is not privately owned but is a publicly traded company, making its shares available to a wide range of investors. The company's leadership, including its founders and current executives, also plays a role in its ownership through insider holdings.

Delving into Crescent Company ownership details explains the distribution of shares among various groups. Major shareholders can significantly impact corporate governance and strategic initiatives. For those interested in the company's financial health and operational strategies, examining its Crescent BCG Matrix can provide further insights. The ownership structure, including who controls Crescent Company's operations, is a vital piece of information for any stakeholder or potential investor looking to understand the company's direction and its beneficial owners.

The entity that is now known as Crescent Energy began its operations in 2011 under the name Contango Oil & Gas. Key figures in its establishment included John Goff and Neal Shear, who were instrumental in setting the company's initial direction. The company's core strategy from its inception was focused on the acquisition and subsequent development of oil and natural gas properties.

A pivotal moment in the company's early financial development occurred in 2017. At this time, it secured a substantial equity commitment amounting to $600 million. This significant capital infusion came from Goff Capital and Riverstone Holdings, providing the necessary resources to pursue further acquisitions and expand its development initiatives.

While the precise equity distribution at the company's founding is not publicly disclosed, the considerable investment made by Goff Capital strongly suggests that co-founder John Goff held a significant ownership stake from the outset. This early involvement and financial backing underscore his foundational role and continued influence within the organization.

Founding Year

The company commenced operations in 2011, marking the beginning of its journey in the energy sector.

Key Founders

John Goff and Neal Shear were identified as central figures in the founding team.

Initial Business Focus

The company's early strategy centered on acquiring and developing oil and natural gas assets.

Major Equity Commitment

In 2017, the company received $600 million in equity from Goff Capital and Riverstone Holdings.

John Goff's Role

John Goff's substantial investment indicated a significant early stake, and he later served as Chairman of Contango and then Crescent Energy's Board.

Founding Vision

The founding team's vision emphasized a disciplined approach to acquiring and developing energy resources.

Evolution of Leadership and Strategy

John Goff's continued leadership, including his tenure as Chairman of Crescent Energy's Board since December 2021, highlights his enduring influence on the company's strategic direction. This leadership is a testament to the founding team's vision, which continues to guide the company's operations in acquiring and developing crude oil and natural gas resources, a strategy that has adapted over time while retaining its fundamental principles. Understanding the Mission, Vision & Core Values of Crescent provides further insight into the company's long-term objectives and operational philosophy.

• John Goff's ongoing influence as Chairman of the Board.
• The company's strategic focus on acquiring and developing oil and natural gas assets.
• The evolution of the company's strategy while maintaining core principles.
• The importance of leadership in shaping the company's direction.

Crescent SWOT Analysis

• Complete SWOT Breakdown
• Fully Customizable
• Editable in Excel & Word
• Professional Formatting
• Investor-Ready Format

GET TEMPLATE ➔

The ownership of Crescent Energy Company underwent a significant transformation with its public debut on December 8, 2021, following a merger with Independence Energy LLC. This pivotal event marked the company's transition from a privately held entity, primarily supported by Goff Capital and Riverstone Holdings, to a publicly traded corporation listed on the NYSE under the ticker CRGY. Initially, the merger established an 'Up-C' structure, which distinguished between former Contango stockholders holding Class A common stock and former Independence Owners holding OpCo Units and Class B common stock.

This evolution in Crescent Company ownership is a key aspect of understanding who owns Crescent Company today. The transition to a public entity brought a new set of stakeholders into the fold, fundamentally altering the Crescent Company ownership structure and its relationship with its investors.

Recent developments have further refined the Crescent Company ownership details. On April 4, 2025, Crescent Energy completed a corporate structure simplification, converting all Class B common stock into Class A common stock. This strategic move aimed to unify economic and voting interests among all stockholders, enhance financial transparency, and eliminate the previous 'Up-C' structure. These adjustments are designed to bolster the company's access to capital markets and streamline its governance, impacting the overall Crescent Company stakeholders.

Understanding Crescent Company Ownership

The ownership landscape of Crescent Energy has evolved significantly, moving from private backing to a publicly traded entity. Understanding these shifts is crucial for grasping the current Crescent Company ownership structure.

• Public offering occurred on December 8, 2021.
• Institutional investors hold a majority stake as of early 2025.
• PT Independence Energy Holdings LLC is the largest individual shareholder.
• Corporate structure simplification completed in April 2025.
• For a deeper dive into the company's past, explore the Brief History of Crescent.

Crescent PESTLE Analysis

• Covers All 6 PESTLE Categories
• No Research Needed – Save Hours of Work
• Built by Experts, Trusted by Consultants
• Instant Download, Ready to Use
• 100% Editable, Fully Customizable

GET TEMPLATE ➔

The Board of Directors for Crescent Energy Company is instrumental in guiding the company's strategic direction and ensuring robust governance. As of July 2025, the board is comprised of several key individuals, including John Goff, who serves as the Independent Chairman, a role he has held since December 2021. The leadership team also features David Rockecharlie as CEO & Director and Brandi Kendall as CFO & Director. Additional directors include Michael Duginski, Marcus Rowland, Conrad V. Langenhagen, Robert Gwin, Ellis McCain, Claire Farley, Karen Simon, and Bevin Brown. Notably, Michael Duginski and Marcus Rowland joined the board in July 2024, while Conrad V. Langenhagen was appointed in May 2025, bringing a wealth of diverse industry and executive experience to the company's oversight.

A significant governance change occurred on April 4, 2025, with the completion of a corporate structure simplification. This initiative unified all common stockholders under Class A shares, ensuring that each share carries identical economic and voting rights. This move effectively eliminated the previous dual-class share structure, which included Class A and Class B common stock, thereby aligning voting power uniformly across all common shareholders. While John Goff, a co-founder and the Chairman, maintains a substantial insider stake of 4.44% as of September 2023, the new structure means his voting influence is directly proportional to his shareholding. KKR, a prominent investor holding approximately 10% of the company's shares, also wields considerable influence through its significant investment. The simplification is designed to broadly harmonize the interests of all shareholders. In recent years, particularly throughout 2024 and 2025, there have been no widely publicized proxy battles or activist investor campaigns targeting Crescent Energy's governance framework, suggesting a period of stable governance following its public transition and recent structural adjustments. Understanding these dynamics is key to grasping the Growth Strategy of Crescent.

The recent simplification of Crescent Energy's corporate structure, completed in April 2025, has fundamentally altered its voting power landscape. By consolidating all common stock into a single class of Class A shares, the company has ensured that every common shareholder possesses identical economic and voting rights. This move eliminates any disparities in influence that may have previously existed due to different share classes, thereby creating a more equitable distribution of voting power among its stakeholders.

Crescent Company Ownership Structure

Crescent Energy's ownership structure is now unified, with all common shareholders holding Class A shares. This ensures equal voting power and economic interest across the board.

• All common stockholders now hold Class A shares.
• Previous dual-class structure (Class A and Class B) has been eliminated.
• Voting power is now aligned across all common shareholders.
• Major stakeholders, like KKR with approximately 10%, have influence proportional to their shareholding.

Crescent Business Model Canvas

• Complete 9-Block Business Model Canvas
• Effortlessly Communicate Your Business Strategy
• Investor-Ready BMC Format
• 100% Editable and Customizable
• Clear and Structured Layout

GET TEMPLATE ➔

Over the past three to five years, Crescent Energy Company has experienced significant shifts in its ownership structure. A pivotal moment was its public debut in December 2021 through a SPAC merger, transitioning from a predominantly private equity-backed entity to a publicly traded company with a diverse shareholder base including institutional, insider, and retail investors. This evolution has broadened the accessibility and transparency of its ownership, making it easier for a wider range of investors to understand who owns Crescent Company.

In April 2025, Crescent Energy implemented a corporate structure simplification, converting all Class B common stock to Class A common stock. This strategic move was designed to unify economic and voting rights for all shareholders, enhancing financial clarity and making the company more appealing to a broader investment community. This aligns with the broader trend of increased institutional ownership within the energy sector, where Crescent Energy now reflects a significant majority of its shares held by institutions. While founder John Goff remains a key insider, the company's ownership is becoming more diversified, with KKR continuing to hold a substantial, long-term stake. Understanding the Crescent Company ownership details explained reveals this dynamic shift.

Crescent Energy's capital allocation strategy prioritizes returning capital to shareholders. As of May 2025, the company maintains a consistent quarterly dividend of $0.12 per share, yielding approximately 6.8%. Furthermore, an authorized share repurchase program allows for up to $150 million in buybacks. Between January 1, 2025, and May 5, 2025, the company repurchased 3,631,961 shares for $30 million. In 2024, approximately 20% of the authorized share repurchase program was utilized, with shares bought back at a weighted average price of $10.07. These actions reflect a commitment to maximizing shareholder returns, a key focus for Crescent Company leadership in 2025.

Shareholder Returns Strategy

Crescent Energy focuses on returning capital through dividends and share repurchases. The company pays a quarterly dividend of $0.12 per share, offering a yield of about 6.8% as of May 2025. An ongoing share repurchase program is in place for up to $150 million.

Strategic Asset Management

Recent transactions include the acquisition of Ridgemar (Eagle Ford) LLC in January 2025, bolstering its Eagle Ford operations. The company also divested non-operated Permian Basin assets for $83 million in April 2025, using proceeds to reduce debt.

Ownership Evolution

The company's transition to public trading in December 2021 marked a significant shift in its ownership profile. This move from private equity backing to a publicly traded structure has diversified its stakeholder base. The conversion of Class B shares to Class A in April 2025 further streamlined its ownership structure.

Key Stakeholders and Leadership Focus

While founder John Goff remains a notable insider, institutional investors now represent the majority of shareholders. KKR maintains a significant long-term investment. CEO David Rockecharlie emphasizes disciplined execution and maximizing free cash flow for shareholders in 2025, aligning with the company's overall strategy and its Competitors Landscape of Crescent.

Crescent Porter's Five Forces Analysis

• Covers All 5 Competitive Forces in Detail
• Structured for Consultants, Students, and Founders
• 100% Editable in Microsoft Word & Excel
• Instant Digital Download – Use Immediately
• Compatible with Mac & PC – Fully Unlocked

GET TEMPLATE ➔