| Schedule of Debt Balances |
The following table summarizes our debt balances as of June 30, 2026 and December 31, 2025:
| | | | | | | | | | | | | | | | | | | | | | | | | Debt Outstanding | | Letters of Credit Issued | | Borrowing Base | | Maturity | | (in thousands) | | | | June 30, 2026 | | | | | | | | Crescent Energy Company | | | | | | | | 2.750% Convertible Senior Notes due 2031 | $ | 690,000 | | | $ | — | | | $ | — | | | 3/15/2031 | | Less: Unamortized discount, premium and issuance costs | (18,606) | | | | | | | | Crescent Energy Finance LLC | | | | | | | | | Revolving Credit Facility | — | | | 16,625 | | | 3,500,000 | | | 5/19/2031 | | | | | | | | | 7.750% Senior Notes due 2029 | 258,678 | | | — | | | — | | | 7/31/2029 | 9.750% Senior Notes due 2030 | 302,149 | | | — | | | — | | | 10/15/2030 | 7.875% Senior Notes due 2032 | 1,000,000 | | | — | | | — | | | 4/15/2032 | 7.625% Senior Notes due 2032 | 1,100,000 | | | — | | | — | | | 4/1/2032 | 7.375% Senior Notes due 2033 | 1,000,000 | | | — | | | — | | | 1/15/2033 | 8.375% Senior Notes due 2034 | 600,000 | | | — | | | — | | | 1/15/2034 | | Less: Unamortized discount, premium and issuance costs | (40,060) | | | | | | | | Crescent Royalty Finance LLC | | | | | | | | CRF Term Loan | 45,500 | | | — | | | — | | | 2/23/2029 | CRF Credit Facility | 230,000 | | | — | | | $275,500 (1) | | 2/23/2031 | | Less: Unamortized discount, premium and issuance costs | (1,639) | | | | | | | | | Total long-term debt | $ | 5,166,022 | | | | | | | | | | | | | | | | | December 31, 2025 | | | | | | | | Crescent Energy Finance LLC | | | | | | | | | Revolving Credit Facility | $ | 772,000 | | | $ | 16,625 | | | $ | 3,900,000 | | | 10/22/2030 | 9.250% Senior Notes due 2028 | 500,000 | | | — | | | — | | | 2/15/2028 | 7.750% Senior Notes due 2029 | 298,214 | | | — | | | — | | | 7/31/2029 | 9.750% Senior Notes due 2030 | 302,364 | | | — | | | — | | | 10/15/2030 | 7.875% Senior Notes due 2032 | 1,000,000 | | | — | | | — | | | 4/15/2032 | 7.625% Senior Notes due 2032 | 1,100,000 | | | — | | | — | | | 4/1/2032 | 7.375% Senior Notes due 2033 | 1,000,000 | | | — | | | — | | | 1/15/2033 | 8.375% Senior Notes due 2034 | 600,000 | | | — | | | — | | | 1/15/2034 | | Less: Unamortized discount, premium and issuance costs | (48,450) | | | | | | | | | Total long-term debt | $ | 5,524,128 | | | | | | | |
(1) Represents the borrowing base as of June 30, 2026, consisting of a $230.0 million conforming borrowing base and a $45.5 million non-conforming borrowing base. The following table summarizes fees, discounts and commissions paid to KCM by Crescent in connection with our debt and equity transactions: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | (in thousands) | | Amounts paid to KCM | $ | — | | | $ | — | | | $ | 5,008 | | | $ | — | |
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