CRGYHIGH SIGNALFINANCIAL10-K

CRGY underwent a major financial transformation with net income swinging from -$114.6M loss to $132.9M profit while dramatically increasing debt by 81% to $5.5B and depleting cash by 92%.

The company appears to have executed a significant growth strategy or acquisition, evidenced by the massive debt increase, balance sheet expansion, and return to profitability. However, the near-complete depletion of cash reserves (down 92% to just $10.2M) creates immediate liquidity concerns despite the improved earnings performance.

Comparing 2026-02-25 vs 2025-02-26View on EDGAR →
FINANCIAL ANALYSIS

CRGY's financials reflect a dramatic expansion with current assets growing 136% to $1.9B and total debt increasing 81% to $5.5B, suggesting major acquisitions or capital investments. The company achieved a remarkable turnaround from a $114.6M loss to $132.9M profit, but this came at the cost of depleting cash reserves by 92% to just $10.2M, creating potential near-term liquidity pressure. The overall picture shows aggressive growth financing through debt that improved profitability but left the company cash-constrained, requiring careful monitoring of working capital management.

FINANCIAL STATEMENT CHANGES
Share Buybacks
Cash Flow
+326.6%
$7.8M→$33.5M

Share repurchases increased 326.6% — management returning capital, signals confidence in intrinsic value.

Net Income
P&L
+216%
-$114.6M→$132.9M

Net income grew 216% — bottom-line growth signals improving overall business health.

Current Assets
Balance Sheet
+136.1%
$788.1M→$1.9B

Current assets grew 136.1% — improving short-term liquidity or inventory/receivables build.

Cash & Equivalents
Balance Sheet
-92.4%
$132.8M→$10.2M

Cash declined 92.4% — significant cash burn or deployment; verify adequacy of remaining liquidity runway.

Total Debt
Balance Sheet
+81.2%
$3.0B→$5.5B

Debt increased 81.2% — substantial leverage increase; assess whether deployed for growth or covering losses.

Stockholders Equity
Balance Sheet
+64.5%
$3.1B→$5.2B

Equity base grew 64.5% — retained earnings accumulation or equity issuance strengthening the balance sheet.

Current Liabilities
Balance Sheet
+52.2%
$827.4M→$1.3B

Current liabilities surged 52.2% — significant near-term obligations; verify ability to meet short-term debt.

Interest Expense
P&L
+52%
$95.9M→$145.8M

Interest expense surged 52% — significant debt increase or rising rates materially impacting earnings.

Total Liabilities
Balance Sheet
+51.9%
$4.8B→$7.3B

Liabilities grew 51.9% — significant increase in debt or obligations, assess impact on financial flexibility.

Accounts Receivable
Balance Sheet
+42%
$321.9M→$457.1M

Receivables surged 42% — revenue recognized but not yet collected; watch for collection issues or channel stuffing.

LANGUAGE CHANGES
NEW — 2026-02-25
PRIOR — 2025-02-26
ADDED
As of January 30, 2026, there were approximately 327,900,272 of the registrant's Class A common stock outstanding.
Management's Discussion and Analysis of Financial Condition and Results of Operations 62 Item 7A.
We are not the operator on all of our acreage or drilling locations, and, therefore, we will not be able to control the timing of exploration or development efforts, associated costs, or the rate of production of any non-operated assets and could be liable for certain financial obligations of the operators or any of our contractors to the extent such operators or contractors are unable to satisfy such obligations.
Risks related to regulatory matters Our drilling and production programs may not be able to obtain access on commercially reasonable terms or otherwise to truck transportation, pipelines, transmission, storage and processing facilities to market our production, and our initiatives to expand our access to midstream and operational infrastructure may be unsuccessful.
Our Certificate of Incorporation designates the Court of Chancery of the State of Delaware as the sole and exclusive forum for certain types of actions and proceedings that may be initiated by stockholders, which could limit our stockholders ability to obtain a favorable judicial forum for disputes with us or our directors, officers, employees or agents.
+7 more — sign up free →
REMOVED
As of January 31, 2025, there were approximately 192,525,271 and 65,948,124 shares of the registrant's Class A and Class B common stock outstanding, respectively.
Management's Discussion and Analysis of Financial Condition and Results of Operations 67 Item 7A.
and in foreign oil, natural gas and NGL producing countries, including embargoes, political and regulatory developments resulting from the U.S.
The unavailability or high cost of equipment, supplies, personnel and oilfield services, due to commodity price volatility or supply constraints as a result of the conflict in Ukraine, Hamas' attack against Israel, elevated interest rates and associated policies of the Federal Reserve or otherwise could adversely affect our ability to execute development and exploitation plans on a timely basis and within budget, and consequently could materially and adversely affect our anticipated cash flow.
Risks related to regulatory matters The IRA 2022 could accelerate the transition to a low carbon economy and will impose new costs on our operations.
+7 more — sign up free →
MORE FINANCIAL SIGNALS
PNRGHIGHPNRG achieved exceptional profitability improvement with net income surging 2,21...
2026-04-16
BNAIHIGHBNAI underwent a dramatic reverse stock split that reduced share count by 86% wh...
2026-04-16
LAKEHIGHLAKE's financial performance deteriorated significantly with operating losses wo...
2026-04-16
NXXTHIGHNextNRG experienced massive financial deterioration with operating losses explod...
2026-04-16
ANALYZE ANY FILING FREE

See what changed in your portfolio's filings

500+ US-listed companies analyzed. Language delta, financial analysis, instant signal scoring.

Try Tracenotes free →