Vital Energy, Inc. and Crescent Energy Company announced on August 25, 2025, that they have entered into a definitive agreement for Crescent to acquire Vital Energy in an all-stock transaction. The deal is valued at approximately $3.1 billion, inclusive of Vital’s net debt.
Under the terms of the merger agreement, Vital shareholders will receive 1.9062 shares of Crescent Class A common stock for each share of Vital common stock. This exchange ratio represents a 5% premium to the 30-day volume weighted average price (VWAP) exchange ratio and a 15% premium to Vital’s 30-day VWAP as of August 22, 2025.
The transaction has been unanimously approved by the boards of directors of both companies and is targeted to close by year-end 2025, subject to customary closing conditions, including approvals by shareholders of both Crescent and Vital and typical regulatory agencies. The combined entity is expected to establish a top 10 independent oil and gas producer with scaled positions across premier basins.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.