Crescent Energy shares fall 5.13% after-hours despite reporting Q2 earnings of $153.2 million, exceeding Wall Street expectations.

Crescent Energy Company dropped 5.13% in after-hours trading. The company reported second-quarter earnings of $153.2 million, with net income of 60 cents per share, and adjusted earnings of 43 cents per share, exceeding Wall Street expectations. The oil and gas company posted revenue of $898 million in the period, also topping Street forecasts.