Crescent Energy Co (Crescent Energy Co) COGS-to-Revenue : 0.20 (As of Mar. 2024)

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What is Crescent Energy Co COGS-to-Revenue?

Crescent Energy Co's Cost of Goods Sold for the three months ended in Mar. 2024 was $131 Mil. Its Revenue for the three months ended in Mar. 2024 was $657 Mil.

Crescent Energy Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.20.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Crescent Energy Co's Gross Margin % for the three months ended in Mar. 2024 was 80.12%.

Crescent Energy Co COGS-to-Revenue Historical Data

The historical data trend for Crescent Energy Co's COGS-to-Revenue can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Crescent Energy Co COGS-to-Revenue Chart

Crescent Energy Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.23

0.27

0.16

0.14

0.21

Crescent Energy Co Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial												0.22	0.23	0.19	0.20	0.20

Crescent Energy Co COGS-to-Revenue Calculation

Crescent Energy Co's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	495.38	/	2382.602
	=	0.21

Crescent Energy Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	130.688	/	657.473
	=	0.20

Crescent Energy Co (NYSE:CRGY) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Crescent Energy Co's Gross Margin % for the three months ended in Mar. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	130.688 / 657.473
	=	80.12 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

Crescent Energy Co COGS-to-Revenue Related Terms

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Crescent Energy Co (Crescent Energy Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Crescent Energy Co (NYSE:CRGY) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

600 Travis Street, Suite 7200, Houston, TX, USA, 77002

Website

https://www.crescentenergyco.com

Crescent Energy Co an independent energy company with a portfolio of assets in key basins across the lower 48 states. The company maintains a diverse portfolio of assets in key proven basins across the United States, including the Eagle Ford, Rockies, Barnett, Permian, and Mid-Con. It seeks to deliver attractive risk-adjusted investment returns and predictable cash flows across cycles with a focus on operated oil and gas assets complemented by non?operated assets, mineral and royalty interests, and midstream infrastructure.

Executives

David C. Rockecharlie	director, officer: Chief Executive Officer	600 TRAVIS STREET, SUITE 7200, HOUSTON TX 77002
Brandi Kendall	director, officer: Chief Financial Officer	600 TRAVIS STREET, SUITE 7200, HOUSTON TX 77002
Independence Energy Aggregator L.p.	10 percent owner	600 TRAVIS STREEET, SUITE 7200, HOUSTON TX 77002
Kkr Group Partnership L.p.	10 percent owner	C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 30 HUDSON YARDS, NEW YORK NY 10001
Todd Falk	officer: Chief Accounting Officer	600 TRAVIS STREET, SUITE 7200, HOUSTON TX 77002
Bo Shi	officer: See Remarks	600 TRAVIS STREET, SUITE 7200, HOUSTON TX 77002
John Clayton Rynd	officer: Executive Vice President	600 TRAVIS STREET, SUITE 7200, HOUSTON TX 77002
Teacher Retirement System Of Texas	10 percent owner	1000 RED RIVER STREET, AUSTIN TX 78701
Benjamin Conner	officer: Executive Vice President	600 TRAVIS STREET, SUITE 7200, HOUSTON TX 77002
Kkr Group Co. Inc.	10 percent owner	30 HUDSON YARDS, NEW YORK NY 10001
Karen Jo Simon	director	1918 OLIVE STREET, #2904, DALLAS TX 75201
Bevin Brown	director	600 TRAVIS STREET, SUITE 7200, HOUSTON TX 77002
Erich Bobinsky	director	600 TRAVIS STREET, SUITE 7200, HOUSTON TX 77002
Kkr Group Assets Holdings Iii L.p.	10 percent owner	30 HUDSON YARDS, NEW YORK NY 10001
Kkr Group Assets Iii Gp Llc	10 percent owner	30 HUDSON YARDS, NEW YORK NY 10001