Independence Energy Aggregator L.P. and affiliated entities filed a Form 3 initial statement of beneficial ownership with the SEC on October 23, 2026, reporting holdings in Crescent Energy Co as of the triggering event date of October 13, 2026.

Key Highlights

  • Primary holding: Independence Energy Aggregator L.P. reported indirect beneficial ownership of 66,185,773 shares of Crescent Energy Co Class A Common Stock.
  • Secondary holding: KKR Upstream Associates LLC reported indirect beneficial ownership of an additional 969,584 shares of Class A Common Stock.
  • Triggering event date: The event requiring the filing occurred on October 13, 2026.
  • Ownership classification: All six reporting persons are identified as 10% owners of the issuer.
  • Restricted shares excluded: The 969,584 share figure excludes an aggregate of 1,500,000 restricted shares granted to certain officers of the issuer, subject to time-based vesting conditions.
  • Disclaimer: Each reporting person disclaims beneficial ownership of the reported securities except to the extent of that person's pecuniary interest.

KKR-Affiliated Entities Report Beneficial Ownership Chain in Crescent Energy

According to the filing, six entities submitted this Form 3 jointly: Independence Energy Aggregator L.P., Independence Energy Aggregator GP LLC, KKR Upstream Associates LLC, KKR Group Assets Holdings III L.P., KKR Group Assets III GP LLC, and KKR Financial Holdings LLC. All are identified as 10% owners relative to the issuer, Crescent Energy Co, which trades on the exchange under the ticker CRGY. The filing notes that because no more than 10 reporting persons can file a single Form 3 through EDGAR, certain affiliates have filed a separate Form 3.

The filing describes a layered ownership structure. Independence Energy Aggregator GP LLC serves as general partner of Independence Energy Aggregator L.P., and KKR Upstream Associates LLC is the managing member of Independence Energy Aggregator GP LLC. KKR Group Assets Holdings III L.P. and KKR Financial Holdings LLC are identified as controlling members of KKR Upstream Associates LLC. The filing further states that KKR Group Partnership L.P. is the sole member of each of KKR Group Assets III GP LLC and KKR Financial Holdings LLC, and that Henry R. Kravis and George R. Roberts are the founding partners of KKR Management LLP, which is the Series I preferred stockholder of KKR & Co. Inc.

The 66,185,773 shares in Table I are described as held directly by Independence Energy Aggregator L.P. and reported indirectly by the other filing persons. The separate 969,584 share line reflects securities held directly by KKR Upstream Associates LLC. No derivative securities were reported in Table II. The filing was signed on October 23, 2026, with an exhibit referenced as Exhibit 99.1.

What Was Disclosed

Six KKR-affiliated entities filed an initial beneficial ownership statement for Crescent Energy Co Class A Common Stock, disclosing a combined indirect interest totaling 66,185,773 shares plus 969,584 shares held by KKR Upstream Associates LLC, with all parties disclaiming ownership beyond their individual pecuniary interest.