How did Crescent Energy's revenue and expenses shift in Q4 2024?

Crescent Energy's revenue and expenses in Q4 2024 showed a significant shift, with total revenue amounting to $875.29 million. However, the cost of goods sold was $161.22 million, and selling, general, and administrative expenses reached $708.65 million. This indicates a substantial increase in expenses relative to revenue, which could impact the company's profitability for the period. |code|Ticker|Name|Date|Selling, General, and Administrative Expenses|Cost of Goods Sold|Total Revenue|market_code| |---|---|---|---|---|---|---|---| |CRGY|CRGY.N|Crescent Energy|2023 Q4|4.52739E8|1.41623E8|6.57728E8|169| |CRGY|CRGY.N|Crescent Energy|2024 Q1|2.19279E8|1.4299E8|6.57473E8|169| |CRGY|CRGY.N|Crescent Energy|2024 Q2|2.59522E8|1.40035E8|6.53283E8|169| |CRGY|CRGY.N|Crescent Energy|2024 Q3|4.11175E8|1.44893E8|7.44874E8|169|