Crescent Energy Company (CRGY) announced a secondary public offering of 12M shares of Class A common stock by Independence Energy Aggregator L.P., with an option for underwriters to purchase an additional 1.8M shares. The company itself will not sell any shares or receive proceeds from this offering. Concurrently, Crescent plans to repurchase 2M OpCo Units from the Selling Stockholder, with the possibility of additional purchases if the underwriters exercise their option. Wells Fargo Securities, Evercore Group, and Raymond James are the joint book-running managers.