05:57 PM EDT, 08/05/2024 (MT Newswires) -- Crescent Energy ( CRGY ) reported a Q2 net income late Monday of $0.33 per diluted share, up from $0.11 a year earlier.

Four analysts polled by Capital IQ expected $0.23.

Revenue for the quarter ended June 30 was $653.3 million, up from $492.3 million a year earlier.

Analysts polled by Capital IQ expected $621.8 million.

Crescent Energy ( CRGY ) said its outstanding borrowing base was raised to $2.6 billion with an elected commitment of $2 billion after the completion of the SilverBow acquisition in July. As of July 31, the company's total long-term debt amounted to around $3.2 billion.