Crescent Energy to acquire Vital Energy in $3.1 billion shale deal
Aug 25 (Reuters) - U.S. shale producer Crescent Energy CRGY.N said on Monday it would acquire smaller peer Vital Energy VTLE.N in an all-stock deal valued at $3.1 billion, including debt.
The deal highlights how some U.S. companies are pursuing scale at a time when mergers and acquisitions in the shale industry slowed in the second quarter due to volatility in the energy and equity markets.
Vital shareholders will receive 1.9062 shares of Crescent common stock for each share held, representing an offer valued at $18.95 per share and a premium of 20%, based on the stocks' last close.
Shares of Vital Energy were up 9.5% while Crescent Energy was down 2.9% in premarket trading.
Reuters had on Friday, after markets closed, reported on the deal talks, citing people familiar with the matter.
The merger will create one of the 10 largest independent oil and gas producers in the U.S., with positions across the Eagle Ford, Permian and Uinta basins and more than a decade of drilling inventory, the companies said.
The deal, expected to close by the end of 2025, will generate $90 million to $100 million in immediate annual synergies and will boost cash flow per share.
Crescent said it has also lined up a $1 billion pipeline of non-core asset sales to help strengthen its balance sheet.
Crescent shareholders will own about 77% of the combined company and Vital stockholders will own the rest
Related Articles
What to Watch in Nvidia’s Q2 FY2026 Earnings: AI Growth, Margins, and Market Impact
TradingKey - NVIDIA Corporation (NASDAQ: NVDA) will report its Q2 FY2026 earnings on Wednesday, August 27, 2025, after the U.S. market closes. The earnings call is scheduled for 5:00 p.m. Eastern Time. With Nvidia being a bellwether in AI, gaming, and data center markets, and carrying significant...
U.S. July PCE and Q2 GDP Preview: With Rate Cuts Looming, Will U.S. Stocks Continue to Rise?
TradingKey - On 28-29 August 2025, the U.S. will release July PCE and Q2 GDP data. Market expectations suggest both headline and core PCE will rise 0.3% month-over-month, consistent with June figures. For growth, in line with the preliminary estimate on 30 July, the revised Q2 annualised real GDP gr
U.S. Dollar Index: Assessing Its Future Trend Through Macro Analysis of the U.S., Eurozone, Japan, and U.K.
TradingKey - Looking ahead, in the U.S., slowing economic growth combined with ongoing interest rate cuts will exert downward pressure on the dollar. In the Eurozone, weak economic performance and continued ECB rate cuts will likely depreciate the euro, indirectly supporting the U.S. Dollar Index...
Powell's Jackson Hole Speech: For U.S. Stocks, Hawk or Dove Signal Could Be a Lose-Lose?
TradingKey - As U.S. inflation and labor market data show signs of rebalancing, Treasury traders and Wall Street banks have largely priced in a rate cut at the September FOMC meeting — the first of 2025. Yet both a more dovish-than-expected tone and a potential surprise hawkish signal from Fed Chair
Eurozone Q2 GDP Commentary: Will the Euro's Upward Momentum Persist?
TradingKey - On 14 August 2025, Eurostat published Q2 GDP figures, revealing a drop in the Eurozone's quarter-on-quarter growth from 0.6% in the first quarter to 0.1%. Consequently, annual growth eased from 1.5% to 1.4%. The slowdown primarily stems from the diminishing boost from European...
