Item 3 of the Schedule 13D is hereby amended and supplemented as follows: The information set forth in Item 4 of this Schedule 13D is incorporated by reference herein. On March 16, 2026, the Issuer issued an aggregate of 2,092,703 shares of Class A Common Stock to KKR Upstream Associates LLC as payment for management fees and/or incentive fees, pursuant to the Management Agreement. Pursuant to such Management Agreement, KKR Energy Assets Manager LLC ("Manager") directed that KKR Upstream Associates LLC, its affiliate, receive these shares on its behalf.

Item 4 of the Schedule 13D is hereby amended and supplemented as follows: The information set forth in Items 3 and 6 of this Schedule 13D is incorporated by reference herein. On October 8, 2026, the Issuer announced the pricing of an underwritten, public offering of 80,000,000 shares of Class A Common Stock at a price to the public of $12.50 per share, pursuant to an effective shelf registration statement on Form S-3 filed with the Securities and Exchange Commission on October 8, 2026 (the "Offering"). Pursuant to the underwriting agreement entered into between the Issuer and the underwriters identified therein (the "Underwriters") related to the Offering, the Issuer granted such underwriters a 30-day option to purchase up to an additional 12,000,000 shares of Class A Common Stock, which option was exercised in full on October 9, 2026. Independence Energy Aggregator L.P. ("IE Aggregator") purchased 40,000,000 shares of Class A Common Stock in the Offering at the public offering price and on the same terms as the other shares of Class A Common Stock. The Offering closed on October 13, 2026. The source of funds used to acquire the reported shares of Common Stock was capital contributions of the Reporting Persons and/or their respective partners, members and other affiliates. In connection with the Offering, IE Aggregator entered into a lock-up agreement (the ''Lock-Up Agreement'') with the Underwriters, pursuant to which it has agreed with the Underwriters, subject to certain exceptions, not to offer, sell, contract to sell, pledge, lend or otherwise dispose of or hedge any of their Class A Common Stock or securities convertible into or exchangeable for shares of Class A Common Stock, during the period from October 8, 2026 continuing through the date 60 days after the date of the final prospectus supplement used in connection with the Offering, except with the prior written consent of the J.P. Morgan Securities LLC and KKR Capital Markets LLC, the underwriter representatives described therein. The foregoing description of the terms of the Lock-up Agreement is qualified in its entirety by reference to the full text of such agreement, which is filed as an exhibit to this Schedule 13D and incorporated herein by reference. The first paragraph of Item 4 is hereby amended and restated as follows: The Reporting Persons acquired all the securities reported herein for investment purposes and intend to review their investments in the Issuer on a continuing basis. Subject to various factors, including but not limited to the Issuer's financial position and strategic direction, price levels of the Class A Common Stock, conditions in the securities markets, various laws and regulations applicable to the Issuer and companies in its industry and the Reporting Persons' ownership in the Issuer, and general economic and industry conditions, the Reporting Persons may in the future take actions with respect to their investment in the Issuer as they deem appropriate, including changing their current intentions, with respect to any or all matters required to be disclosed in this Schedule 13D. Without limiting the foregoing, the Reporting Persons may, from time to time, acquire or cause affiliates to acquire additional shares of Class A Common Stock or other securities of the Issuer (including any combination or derivative thereof), the Reporting Persons intend to dispose, or cause affiliates to dispose, of shares of Class A Common Stock or other securities of the Issuer from time to time, and may continue to hold, or cause affiliates to hold, shares of Class A Common Stock or other securities of the Issuer.

Items 5(a) - 5(c) of the Schedule 13D are hereby amended and restated as follows: The response of the Reporting Persons to rows 7 through 13 on the cover pages of this Schedule 13D are incorporated by reference herein. IE Aggregator holds 66,185,773 shares of Class A Common Stock. KKR Upstream Associates LLC ("Upstream") holds 2,469,584 shares of Class A Common Stock. As a result, for the purpose of Rule 13d-3 under the Act, each of IE Aggregator and Independence Energy Aggregator GP LLC ("Aggregator GP") may be deemed to be the beneficial owners of an aggregate of 66,185,773 shares of Class A Common Stock, which represents approximately 15.7% of the outstanding Class A Common Stock. Each of Upstream, KKR Group Assets Holdings III L.P., KKR Financial Holdings LLC, KKR Group Assets III GP LLC, KKR Group Partnership L.P., KKR Group Holdings Corp., KKR Group Co. Inc., KKR & Co. Inc., KKR Management LLP, Henry R. Kravis and George R. Roberts (together, the "KKR Group") may be deemed to be the beneficial owners of an aggregate of 68,655,357 shares of Class A Common Stock under Rule 13d-3 of the Act. The aggregate number of shares of Class A Common Stock beneficially owned by the KKR Group represents approximately 16.3% of the outstanding Class A Common Stock. The percentages of beneficial ownership in this Schedule 13D are based on 422,456,708 shares of Class A Common Stock of the Issuer outstanding following the closing of the Offering based on information set forth in the prospectus on Form 424B3 filed by the Issuer on October 13, 2026. Each of Aggregator GP (as the general partner of IE Aggregator), Upstream (as the managing member of Aggregator GP), KKR Group Assets Holdings III L.P. and KKR Financial Holdings LLC (as the controlling members of Upstream), KKR Group Assets III GP LLC (as the general partner of KKR Group Assets Holdings III L.P.), KKR Group Partnership L.P. (as the sole member of each of KKR Group Assets III GP LLC and KKR Financial Holdings LLC), KKR Group Holdings Corp. (as the general partner of KKR Group Partnership L.P.), KKR Group Co. Inc. (as the sole shareholder of KKR Group Holdings Corp.), KKR & Co. Inc. (as the sole shareholder of KKR Group Co. Inc.), KKR Management LLP (as the Series I preferred stockholder of KKR & Co. Inc.) and Messrs. Kravis and Roberts (as the founding partners of KKR Management LLP) may be deemed to be the beneficial owner of the securities beneficially owned by IE Aggregator. Additionally, each of KKR Group Assets Holdings III L.P. and KKR Financial Holdings LLC (as the controlling members of Upstream), KKR Group Assets III GP LLC (as the general partner of KKR Group Assets Holdings III L.P.), KKR Group Partnership L.P. (as the sole member of each of KKR Group Assets III GP LLC and KKR Financial Holdings LLC), KKR Group Holdings Corp. (as the general partner of KKR Group Partnership L.P.), KKR Group Co. Inc. (as the sole shareholder of KKR Group Holdings Corp.), KKR & Co. Inc. (as the sole shareholder of KKR Group Co. Inc.), KKR Management LLP (as the Series I preferred stockholder of KKR & Co. Inc.) and Messrs. Kravis and Roberts (as the founding partners of KKR Management LLP) may be deemed to be the beneficial owner of the securities beneficially owned by Upstream. The filing of this Schedule 13D shall not be construed as an admission that any of the above-listed entities or individuals is the beneficial owner of any securities covered by this Schedule 13D. To the best knowledge of the Reporting Persons, none of the individuals named in Item 2 beneficially owns any shares of Class A Common Stock except as described herein.

See Item 5(a) above.

Except as set forth below and in this Amendment No. 12, none of the Reporting Persons nor, to the best knowledge of the Reporting Persons, any of the other individuals named in Item 2, has effected any transaction in shares of Class A Common Stock during the past 60 days. On September 23, 2026, the Manager or one of its affiliates granted an aggregate of 1,500,000 restricted shares of Class A Common Stock to David C. Rockecharlie, Brandi Kendall and John Clayton Rynd, officers of the Issuer.

Item 6 of the Schedule 13D is hereby amended and supplemented as follows: The information set forth in Items 3 and 4 of this Schedule 13D is incorporated by reference herein. Amendment to Management Agreement In connection with the Offering, the Issuer and KKR Energy Assets Manager LLC (the "Manager") entered into an amendment to the Management Agreement (the "October 2026 Management Agreement Amendment"), pursuant to which the incremental Management Fee (as defined in the Management Agreement) related to the equity issuances pursuant to the Offering (including any shares of Class A Common Stock purchased by Independence Energy Aggregator L.P., and any shares issued pursuant to the underwriters' option to purchase additional shares in the Offering), shall be reduced by $3,000,000.00. The foregoing description of the terms of the October 2026 Management Agreement Amendment is qualified in its entirety by reference to the full text of such agreement, which is filed as an exhibit to this Schedule 13D and incorporated herein by reference. Restricted Stock Awards From time to time, the Manager and/or one of its affiliates has, and is expected to make additional, grants of restricted shares of Class A Common Stock to certain employees of the Manager or one of its affiliates, including individuals who may serve as officers of the Issuer.

Item 7 of the Schedule 13D is hereby amended and supplemented by adding the following exhibits: Exhibit Number Description V Annex A W Fourth Amendment to Management Agreement, dated as of October 8, 2026, by and among Crescent Energy Company and KKR Energy Assets Manager LLC X Lock-Up Agreement, dated as of October 8, 2026 by and among Independence Energy Aggregator L.P. and the Underwriters identified therein.