Houston, December 13, 2025
Crescent Energy has received overwhelming approval from stockholders for its merger with Vital Energy, set to close soon. The merger promises to boost Crescent’s production capacity significantly and strengthen the Houston economy. As a result, impressive job creation and economic activity are anticipated, reflecting robust investor confidence and a positive outlook from Fitch Ratings.
Crescent Energy and Vital Energy Merger Set to Transform Houston’s Energy Landscape
Stockholders overwhelmingly approve strategic merger
HOUSTON, December 12, 2025 – Crescent Energy Company (NYSE: CRGY) has announced that its stockholders have expressed overwhelming support for its proposed merger with Vital Energy, Inc. (NYSE: VTLE). The merger is expected to close on December 15, 2025, marking a significant milestone for Crescent as it continues to solidify its position within the energy sector.
With approximately 98% of Crescent’s voting shares in favor of the merger, which accounts for around 81% of the total outstanding shares, this strong backing underscores a robust investor confidence in Crescent’s strategic direction and operational execution. As Crescent looks to expand its footprint, this merger is poised to be a catalyst for growth in the Houston economy.
Strengthening Houston’s Energy Sector
This merger is not just a corporate reshuffling; it stands to significantly enhance Crescent’s production capacity by combining Vital Energy’s resources. Following the merger, the two companies are expected to produce approximately 400,000 barrels of oil equivalent per day, a considerable increase from Crescent’s current output of 260,000 kboe/d. This growth demonstrates the power of consolidation in fostering efficiency and productivity, exemplifying the resilience and entrepreneurial spirit that characterize Houston’s business landscape.
Vital Energy’s contribution of around 285,000 net acres in the Permian Basin, specifically across Howard, Glasscock, Reagan, and Reeves counties, will not only augment Crescent’s operational scale but also enrich the local economy through job creation and increased economic activity. As the region continues to thrive, such mergers underscore the relevance of supporting entrepreneurial innovation in the energy sector.
Investors Respond Favorably
The favorable vote from stockholders reflects broader market confidence in Crescent’s leadership and its strategy of pursuing mergers that yield long-term benefits. Following this announcement, Fitch Ratings has revised Crescent’s outlook to positive from stable, affirming its Long-Term Issuer Default Ratings at ‘BB-. This positive rating reflects the potential for enhanced scale and strategic benefits anticipated from the merger.
Such favorable investor sentiments highlight the advantages of a business-friendly environment in Houston, where limited regulation fosters entrepreneurship and allows companies to make bold moves. As Crescent consolidates its position, it paves the way for future opportunities not only for shareholders but also for the community at large.
Ownership Structure Post-Merger
Upon the successful completion of the merger, the ownership distribution will see Crescent shareholders retaining approximately 77% of the combined entity, while Vital shareholders will hold about 23% on a fully diluted basis. This represents a balanced approach that respects the interests of both parties involved, thereby ensuring a stable transition into a larger, combined organization.
Key Takeaways on Houston’s Energy Future
As the merger progresses, it presents a pivotal moment for Crescent Energy and the Houston energy landscape. Not only does it signify growth for Crescent, but it embodies the entrepreneurial innovation that continues to thrive in Houston. By navigating mergers and leveraging resources effectively, companies like Crescent are leading the charge for economic expansion in the region.
Conclusion
The upcoming merger between Crescent Energy and Vital Energy underscores the dynamism of Houston’s business environment. As this merger approaches completion, it is an important reminder of the resilience and innovative spirit that drives local enterprises. Stakeholders and residents alike are encouraged to support such initiatives that contribute to Houston’s prosperity and to stay informed about developments that shape the local economy. The future looks promising for Houston’s energy sector, and with continued investment in innovation and collaboration, the city is well-poised for long-term success.
Frequently Asked Questions (FAQ)
What is the expected closing date of the Crescent Energy and Vital Energy merger?
The merger is expected to close on December 15, 2025.
What percentage of Crescent’s stockholders approved the merger?
Approximately 98% of Crescent’s voting shares were in favor of the merger, representing about 81% of the total outstanding shares.
How will the merger affect Crescent’s production capacity?
The combined production is expected to reach approximately 400,000 barrels of oil equivalent per day, up from Crescent’s current 260,000 kboe/d.
What is the ownership distribution after the merger?
Following the completion of the merger, Crescent shareholders will own approximately 77% of the combined company, while Vital shareholders will own about 23% on a fully diluted basis.
Has Fitch Ratings provided any insights on the merger?
Yes, Fitch Ratings has revised Crescent’s outlook to positive from stable following the announcement of the acquisition of Vital Energy, affirming Crescent’s Long-Term Issuer Default Ratings at ‘BB-‘.
Key Features of the Crescent Energy and Vital Energy Merger
| Feature | Details |
|---|---|
| Merger Closing Date | December 15, 2025 |
| Shareholder Approval | 98% of Crescent’s voting shares in favor, representing 81% of outstanding shares |
| Exchange Ratio | 1.9062 Crescent Class A shares per Vital share |
| Post-Merger Ownership | Crescent shareholders: 77%, Vital shareholders: 23% |
| Combined Production | Approximately 400,000 barrels of oil equivalent per day |
| Fitch Ratings Outlook | Revised to positive from stable, Long-Term Issuer Default Ratings affirmed at ‘BB-‘ |
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