Crescent Energy layoffs, on the record
Every job cut, severance charge and restructuring Crescent Energy reported in its annual reports, 2023 to 2025, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2025 | approximately 1,066 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryCrescent terminated the FDL Agreement, a services arrangement, and agreed to pay wind-down costs and severance for qualifying dedicated employees.
Word for word“On September 20, 2021 we provided notice that we are terminating the FDL Agreement effective on March 31, 2022 and, as part of the termination principal terms, we agreed to pay up to $ 6.7 million in wind down costs and additional severance costs for certain qualifying, dedicated employees, of which any unused portion will be returned to us at the end of the wind down period.” 10-K for 2023
Our summaryCrescent restructured acquired oil commodity derivative contracts after the Uinta Transaction, with the restructuring cost reducing 2022 operating cash flow.
Word for word“Net cash provided by operating activities for the year ended December 31, 2023 decreased by $76.6 million, or 8%, compared to 2022, primarily due to lower realized pricing partially offset by working capital changes.” 10-K for 2023
Our summaryTransaction and nonrecurring expenses in 2022 included severance costs after the Merger Transactions, along with merger integration and other transaction costs.
Word for word“Transaction and nonrecurring expenses of $34.1 million for the year ended December 31, 2022 were primarily related to (i) legal, consulting, transition service agreement costs, related restructuring of acquired derivative contracts and other fees incurred for the Uinta Transaction and Merger Transactions, (ii) severance costs subsequent to the Merger Transactions, (iii) merger integration costs and (iv) acquisition and debt transaction related costs.” 10-K for 2023
Our summaryCrescent recorded restructuring costs for one-time employee termination benefits and lease termination and other costs, with the expense split between General and Administrative expense and Asset operating expense.
Word for word“During the year ended December 31, 2024, we expect the total amount of one-time employee termination benefits incurred to be $ 11.4 million and lease termination and other costs of $ 5.5 million, of which $ 14.3 million were recognized in General and Administrative expense and $ 2.7 million were recognized in Asset operating expense, respectively, on the consolidated statements of operations.” 10-K for 2024
Our summaryThe company recorded a $20.8 million impairment on its office lease right-of-use assets as part of its restructuring costs in 2025.
Word for word“During the year ended December 31, 2025 we recorded an impairment on our ROU assets of $ 20.8 million as part of our restructuring costs.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2024-12-31 | $16.9 million | $12 million |
| 2025-12-31 | $62.2 million | $5.8 million |
Crescent Energy has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Crescent Energy’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-25. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.