Exhibit 99.1

CONSOLIDATED BALANCE SHEETS

		As at
		June 30,	December 31,
(UNAUDITED) (Cdn$ millions)	Notes	2021	2020
ASSETS
Cash		4.4	8.8
Accounts receivable		308.1	200.5
Prepaids and deposits		28.9	22.7
Derivative asset	19	78.3	46.7
Total current assets		419.7	278.7
Derivative asset	19	123.7	195.7
Other long-term assets		24.3	18.2
Exploration and evaluation	4, 5	71.6	86.4
Property, plant and equipment	5, 6	7,504.1	4,372.0
Right-of-use asset	9	97.6	103.7
Goodwill	7	211.6	223.3
Deferred income tax		830.8	1,367.9
Total assets		9,283.4	6,645.9
LIABILITIES
Accounts payable and accrued liabilities		340.8	311.6
Current portion of long-term debt	8	273.1	221.6
Derivative liability	19	206.0	42.2
Other current liabilities		90.4	93.8
Total current liabilities		910.3	669.2
Long-term debt	8	2,189.0	2,038.0
Derivative liability	19	24.3	3.2
Other long-term liabilities		22.0	17.3
Lease liability	9	123.2	130.1
Decommissioning liability	10	775.6	965.3
Total liabilities		4,044.4	3,823.1
SHAREHOLDERS’ EQUITY
Shareholders’ capital	11	16,721.0	16,451.5
Contributed surplus		18.1	19.7
Deficit	12	(12,002.9)	(14,166.1)
Accumulated other comprehensive income		502.8	517.7
Total shareholders' equity		5,239.0	2,822.8
Total liabilities and shareholders' equity		9,283.4	6,645.9

Commitments (Note 20)

See accompanying notes to the consolidated financial statements.

CRESCENT POINT ENERGY CORP. 1

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(UNAUDITED) (Cdn$ millions, except per share and shares outstanding amounts)		Three months ended June 30		Six months ended June 30
	Notes	2021	2020	2021	2020
REVENUE AND OTHER INCOME
Oil and gas sales	22	849.2	259.0	1,479.4	807.4
Purchased product sales		8.3	1.3	11.3	12.6
Royalties		(106.8)	(30.5)	(192.5)	(103.5)
Oil and gas revenue		750.7	229.8	1,298.2	716.5
Commodity derivative gains (losses)	14, 19	(206.3)	(58.3)	(349.2)	256.6
Other income	15	87.8	3.4	80.1	306.9
		632.2	174.9	1,029.1	1,280.0
EXPENSES
Operating		170.8	130.8	313.4	289.1
Purchased product		8.6	2.8	11.7	11.4
Transportation		32.2	24.6	57.3	53.4
General and administrative		30.2	23.4	45.4	47.9
Interest	16	26.5	36.4	50.3	45.9
Foreign exchange gain	17	(1.8)	(2.7)	(3.2)	(11.5)
Share-based compensation		9.2	(1.2)	13.6	(9.3)
Depletion, depreciation and amortization	4, 6, 9	198.1	162.2	348.7	419.1
Impairment (impairment reversal)	6	(2,514.4)	—	(2,514.4)	3,557.8
Accretion and financing	9, 10	6.2	4.8	11.0	11.7
		(2,034.4)	381.1	(1,666.2)	4,415.5
Net income (loss) before tax		2,666.6	(206.2)	2,695.3	(3,135.5)
Tax expense (recovery)
Current		—	—	—	—
Deferred		523.3	(61.1)	530.3	(666.3)
Net income (loss)		2,143.3	(145.1)	2,165.0	(2,469.2)
Other comprehensive income (loss)
Items that may be subsequently reclassified to profit or loss
Foreign currency translation of foreign operations		(3.3)	(32.8)	(14.9)	80.1
Comprehensive income (loss)		2,140.0	(177.9)	2,150.1	(2,389.1)
Net income (loss) per share
Basic		3.68	(0.27)	3.89	(4.67)
Diluted		3.65	(0.27)	3.85	(4.67)
Weighted average shares outstanding
Basic		581,671,198	529,296,660	556,154,479	528,790,547
Diluted		587,757,623	529,296,660	562,074,863	528,790,547

See accompanying notes to the consolidated financial statements.

CRESCENT POINT ENERGY CORP. 2

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY

(UNAUDITED) (Cdn$ millions, except per share amounts)	Notes	Shareholders’ capital	Contributed surplus	Deficit	Accumulated other comprehensive income	Total shareholders’ equity
December 31, 2020		16,451.5	19.7	(14,166.1)	517.7	2,822.8
Issued on capital acquisitions	5	264.5				264.5
Redemption of restricted shares	11	5.1	(5.3)	1.0		0.8
Share issue costs, net of tax		(0.2)				(0.2)
Share-based compensation	18		3.8			3.8
Stock options exercised	18	0.1	(0.1)			—
Net income (loss)				2,165.0		2,165.0
Dividends ($0.0050 per share)				(2.8)		(2.8)
Foreign currency translation adjustment					(14.9)	(14.9)
June 30, 2021		16,721.0	18.1	(12,002.9)	502.8	5,239.0
December 31, 2019		16,449.0	35.1	(11,636.9)	495.5	5,342.7
Redemption of restricted shares		9.4	(9.5)	0.1		—
Common shares repurchased		(12.7)				(12.7)
Share-based compensation			3.6			3.6
Forfeit of restricted shares			(8.0)			(8.0)
Net income (loss)				(2,469.2)		(2,469.2)
Dividends ($0.0125 per share)				(6.7)		(6.7)
Foreign currency translation adjustment					80.1	80.1
June 30, 2020		16,445.7	21.2	(14,112.7)	575.6	2,929.8

See accompanying notes to the consolidated financial statements.

CRESCENT POINT ENERGY CORP. 3

CONSOLIDATED STATEMENTS OF CASH FLOWS

		Three months ended June 30		Six months ended June 30
(UNAUDITED) (Cdn$ millions)	Notes	2021	2020	2021	2020
CASH PROVIDED BY (USED IN):
OPERATING ACTIVITIES
Net income (loss)		2,143.3	(145.1)	2,165.0	(2,469.2)
Items not affecting cash
Other income		(86.5)	(2.0)	(77.5)	(304.0)
Deferred tax expense (recovery)		523.3	(61.1)	530.3	(666.3)
Share-based compensation		2.0	(3.7)	3.4	(4.7)
Depletion, depreciation and amortization	4, 6, 9	198.1	162.2	348.7	419.1
Impairment (impairment reversal)	6	(2,514.4)	—	(2,514.4)	3,557.8
Accretion	10	4.6	3.0	7.7	8.0
Unrealized (gains) losses on derivatives	19	143.6	229.2	225.3	(189.3)
Translation of US dollar long-term debt	17	(48.2)	(72.7)	(73.7)	125.2
Realized (gain) loss on cross currency swap maturity	17	10.3	(1.4)	23.9	(63.4)
Decommissioning expenditures	10	(2.2)	(0.7)	(8.3)	(9.3)
Change in non-cash working capital	21	(88.4)	(41.1)	(41.2)	(8.0)
		285.5	66.6	589.2	395.9
INVESTING ACTIVITIES
Development capital and other expenditures	4, 6	(100.7)	(82.9)	(235.1)	(414.4)
Capital acquisitions	5	(671.8)	—	(671.8)	(1.4)
Capital dispositions	5	87.9	1.5	95.1	508.4
Deposit on acquisition		45.0	—	—	—
Change in non-cash working capital	21	(9.6)	(90.4)	(20.8)	(106.6)
		(649.2)	(171.8)	(832.6)	(14.0)
FINANCING ACTIVITIES
Issue of shares, net of issue costs		(0.4)	—	(0.4)	(0.1)
Common shares repurchased		—	—	—	(12.7)
Increase (decrease) in bank debt, net	21	578.9	129.7	494.2	(207.8)
Repayment of senior guaranteed notes	21	(217.6)	—	(217.6)	(224.4)
Realized gain (loss) on cross currency swap maturity	17, 21	(10.3)	1.4	(23.9)	63.4
Payments on principal portion of lease liability	9, 21	(5.1)	(11.7)	(10.2)	(19.6)
Cash dividends	21	(1.5)	(1.4)	(2.8)	(6.7)
Change in non-cash working capital	21	0.2	(4.0)	0.2	(4.0)
		344.2	114.0	239.5	(411.9)
Impact of foreign currency on cash balances		(0.1)	(0.8)	(0.5)	0.7
INCREASE (DECREASE) IN CASH		(19.6)	8.0	(4.4)	(29.3)
CASH AT BEGINNING OF PERIOD		24.0	19.6	8.8	56.9
CASH AT END OF PERIOD		4.4	27.6	4.4	27.6

See accompanying notes to the consolidated financial statements.

Supplementary Information:

Cash taxes paid	—	(0.1)	—	(0.2)
Cash interest paid	(43.5)	(41.0)	(49.2)	(53.8)

CRESCENT POINT ENERGY CORP. 4

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS    

June 30, 2021 (UNAUDITED)

1.STRUCTURE OF THE BUSINESS

The principal undertaking of Crescent Point Energy Corp. (the “Company” or “Crescent Point”) is to carry on the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets related thereto through a general partnership and wholly owned subsidiaries.

Crescent Point is the ultimate parent and is amalgamated in Alberta, Canada under the Alberta Business Corporations Act. The address of the principal place of business is 2000, 585 - 8th Ave S.W., Calgary, Alberta, Canada, T2P 1G1.

These interim consolidated financial statements were approved and authorized for issue by the Company's Board of Directors on July 27, 2021.

2.BASIS OF PREPARATION

These interim consolidated financial statements are presented under International Financial Reporting Standards (“IFRS”), as issued by the International Accounting Standards Board (“IASB”). These interim consolidated financial statements have been prepared in accordance with IFRS applicable to the preparation of interim consolidated financial statements, including International Accounting Standard (“IAS”) 34 Interim Financial Reporting and have been prepared following the same accounting policies as the annual consolidated financial statements for the year ended December 31, 2020. Certain information and disclosures included in the notes to the annual consolidated financial statements are condensed herein or are disclosed on an annual basis only. Accordingly, these interim consolidated financial statements should be read in conjunction with the annual consolidated financial statements for the year ended December 31, 2020.

The policies applied in these consolidated financial statements are based on IFRS issued and outstanding as of July 27, 2021, the date the Board of Directors approved the statements.

The Company’s presentation currency is Canadian dollars and all amounts reported are Canadian dollars unless noted otherwise. References to “US$” are to United States ("U.S.") dollars.

3. CHANGES IN ACCOUNTING POLICIES

Future accounting policy changes:

•IAS 38 Intangible Assets - In March 2021, the IFRS Interpretations Committee ("IFRIC") met and made a decision on how to recognize costs in relation to the configuration or customization of application software. The Company is currently reviewing to determine the impact, if any, the standard will have on the consolidated financial statements.

4.EXPLORATION AND EVALUATION ASSETS

($ millions)	June 30, 2021	December 31, 2020
Exploration and evaluation assets at cost	1,618.3	1,736.1
Accumulated amortization	(1,546.7)	(1,649.7)
Net carrying amount	71.6	86.4
Reconciliation of movements during the period
Cost, beginning of period	1,736.1	1,848.1
Accumulated amortization, beginning of period	(1,649.7)	(1,602.6)
Net carrying amount, beginning of period	86.4	245.5
Net carrying amount, beginning of period	86.4	245.5
Acquisitions through business combinations	18.6	1.3
Additions	27.4	108.2
Dispositions	(5.4)	(0.2)
Transfers to property, plant and equipment	(27.9)	(198.0)
Amortization	(27.1)	(71.9)
Foreign exchange	(0.4)	1.5
Net carrying amount, end of period	71.6	86.4

Impairment test of exploration and evaluation assets

There were no indicators of impairment at June 30, 2021.

CRESCENT POINT ENERGY CORP. 5

5.CAPITAL ACQUISITIONS AND DISPOSITIONS

In the six months ended June 30, 2021, the Company incurred $11.8 million (six months ended June 30, 2020 - $5.3 million) of transaction costs related to acquisitions through business combinations and dispositions that were recorded as general and administrative expenses.

a) Major property acquisitions and dispositions

Kaybob Duvernay acquisition

On April 1, 2021, the Company closed the previously announced acquisition of Shell Canada Energy's Kaybob Duvernay assets in Alberta for total consideration of $935.9 million, consisting of $671.4 million in cash and the issuance of 50.0 million common shares.

Oil and gas sales and oil and gas sales less royalties, transportation and operating expenses from the acquisition date to June 30, 2021 includes $166.9 million and $130.1 million, respectively, attributable to the Kaybob Duvernay acquisition. Had the asset acquisition occurred on January 1, 2021, estimated oil and gas sales of $296.9 million and oil and gas sales less royalties, transportation and operating expenses of $233.1 million would have been recognized for the period ended June 30, 2021. This pro-forma information is not necessarily indicative of the results should the acquisition have actually occurred on January 1, 2021.

Southeast Saskatchewan disposition

On June 7, 2021, the Company disposed of its remaining non-core southeast Saskatchewan conventional assets for consideration of $83.4 million. These assets had a net carrying value of $11.9 million, resulting in a gain of $71.5 million.

b) Minor property acquisitions and dispositions

In the six months ended June 30, 2021, the Company completed minor property acquisitions and dispositions for net consideration of $11.3 million. These assets had a net carrying value of $26.3 million, resulting in a loss of $15.0 million.

($ millions)	Kaybob Duvernay Acquisition	Southeast Saskatchewan Disposition	Other minor dispositions, net
Cash	(671.4)	83.4	11.3
Common shares	(264.5)	—	—
Consideration (paid) received	(935.9)	83.4	11.3
Exploration and evaluation	18.5	—	(5.3)
Property, plant and equipment	947.0	(219.6)	(21.4)
Goodwill	—	(10.6)	(1.1)
Decommissioning liability	(29.6)	218.3	1.5
Fair value of net assets acquired (Carrying value of net assets disposed)	935.9	(11.9)	(26.3)
Gain (loss) on capital dispositions	—	71.5	(15.0)

CRESCENT POINT ENERGY CORP. 6

6.PROPERTY, PLANT AND EQUIPMENT

($ millions)	June 30, 2021	December 31, 2020
Development and production assets	22,806.9	23,584.1
Corporate assets	121.5	120.7
Property, plant and equipment at cost	22,928.4	23,704.8
Accumulated depletion, depreciation and impairment	(15,424.3)	(19,332.8)
Net carrying amount	7,504.1	4,372.0
Reconciliation of movements during the period
Development and production assets
Cost, beginning of period	23,584.1	23,038.6
Accumulated depletion and impairment, beginning of period	(19,265.2)	(15,251.0)
Net carrying amount, beginning of period	4,318.9	7,787.6
Net carrying amount, beginning of period	4,318.9	7,787.6
Acquisitions through business combinations	947.4	0.2
Additions	202.5	504.2
Dispositions	(241.4)	(28.0)
Transfers from exploration and evaluation assets	27.9	198.0
Depletion	(308.5)	(611.6)
Impairment reversal (impairment)	2,514.4	(3,557.8)
Foreign exchange	(6.9)	26.3
Net carrying amount, end of period	7,454.3	4,318.9
Cost, end of period	22,806.9	23,584.1
Accumulated depletion and impairment, end of period	(15,352.6)	(19,265.2)
Net carrying amount, end of period	7,454.3	4,318.9
Corporate assets
Cost, beginning of period	120.7	117.2
Accumulated depreciation, beginning of period	(67.6)	(63.2)
Net carrying amount, beginning of period	53.1	54.0
Net carrying amount, beginning of period	53.1	54.0
Additions	0.8	3.5
Depreciation	(4.1)	(4.4)
Net carrying amount, end of period	49.8	53.1
Cost, end of period	121.5	120.7
Accumulated depreciation, end of period	(71.7)	(67.6)
Net carrying amount, end of period	49.8	53.1

Direct general and administrative costs capitalized by the Company during the six months ended June 30, 2021 were $24.1 million (year ended December 31, 2020 - $37.7 million), including $9.1 million of share-based compensation costs (year ended December 31, 2020 - $5.4 million).

CRESCENT POINT ENERGY CORP. 7

Impairment test of property, plant and equipment ("PP&E")

2021 Impairment Reversal

At June 30, 2021, the significant increase in forecast benchmark commodity prices and the increase in the Company's market capitalization since the last impairment test at March 31, 2020, were indicators of impairment reversal. As a result, a test for impairment reversal was conducted and the Company prepared estimates of future cash flows to determine the recoverable amount of the respective assets.

The following table outlines the forecast benchmark commodity prices and the exchange rate used in the impairment calculation of PP&E at June 30, 2021:

	2021 (1)	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031 (3)
WTI ($US/bbl) (2)	71.33	67.20	63.95	63.23	64.50	65.79	67.10	68.44	69.81	71.21	72.63
Exchange Rate ($US/$Cdn)	0.803	0.802	0.800	0.800	0.800	0.800	0.800	0.800	0.800	0.800	0.800
WTI ($Cdn/bbl)	88.83	83.79	79.94	79.04	80.63	82.24	83.88	85.55	87.26	89.01	90.79
AECO ($Cdn/mmbtu) (2)	3.46	3.13	2.72	2.71	2.76	2.82	2.88	2.94	2.99	3.05	3.12

(1)Effective July 1, 2021.

(2)The forecast benchmark commodity prices listed above are adjusted for quality differentials, heat content, distance to market and other factors in performing the impairment tests.

(3)Forecast benchmark commodity prices are assumed to increase by 2.0% in each year after 2031 to the end of the reserve life. Exchange rates are assumed to be constant at 0.800.

At June 30, 2021, the Company determined that the recoverable amount of the Southeast Saskatchewan, Southwest Saskatchewan, Southern Alberta, and Northern U.S. CGUs exceeded their carrying amount. The full amounts of the impairment reversals were attributed to PP&E and, as a result, impairment reversals of $2.51 billion were recognized in net income. The impairment reversal was due to the significant increase in forecast benchmark commodity prices used in impairment testing at June 30, 2021 compared to March 31, 2020.

Subsequent to the impairment reversal at June 30, 2021, the after tax impairment that can be reversed in future periods for each CGU, net of depletion had no impairment loss been recognized in prior periods, were $1.82 billion for Southeast Saskatchewan, $1.17 billion for Southwest Saskatchewan, $306.5 million for Southern and Northwest Alberta, and $54.6 million for Northern U.S.

The following table summarizes the impairment reversal for the six months ended June 30, 2021 by CGU:

CGU ($ millions, except %)	Operating segment	Recoverable amount	Discount rate		Impairment reversal	Impairment reversal, net of tax
Southeast Saskatchewan	Canada	2,941.0	15.00	%	917.7	688.1
Southwest Saskatchewan	Canada	1,422.6	15.00	%	604.1	453.0
Southern Alberta	Canada	1,911.9	15.00	%	555.6	416.6
Northern U.S.	U.S.	861.9	15.00	%	437.0	326.0
Total impairment reversal		7,137.4			2,514.4	1,883.7

Changes in any of the key judgments, such as a revision in reserves, changes in forecast benchmark commodity prices, foreign exchange rates, discount rates, capital or operating costs would impact the recoverable amounts of assets and any recoveries or impairment charges would affect net income. The following sensitivities show the resulting impact on income before tax of the changes in discount rate and forecast benchmark commodity price estimates at June 30, 2021, with all other variables held constant:

CGU	Discount Rate		Commodity Prices
($ millions)	Increase 1%	Decrease 1%	Increase 5%	Decrease 5%
Southeast Saskatchewan	(181.1)	199.2	350.7	(349.9)
Southwest Saskatchewan	(89.1)	97.9	183.4	(182.7)
Southern Alberta	(89.4)	97.2	189.9	(190.3)
Northern U.S.	(57.1)	62.9	124.0	(124.1)
Increase (decrease)	(416.7)	457.2	848.0	(847.0)

The movement in the deferred tax asset was a result of the impairment reversal recognized during the six months ended June 30, 2021. Deferred tax assets are recognized to the extent of expected utilization of tax attributes, based on estimated undiscounted future cashflows included in the Company's independent reserve report.

CRESCENT POINT ENERGY CORP. 8

2020 Impairment

At March 31, 2020, the Company determined that the carrying amount of the Southeast Saskatchewan, Southwest Saskatchewan, Northern U.S., and Southern Alberta CGUs exceeded their recoverable amount. The full amount of the impairments were attributed to PP&E and, as a result, impairment losses of $3.56 billion were recorded in net income. The impairment loss was due to the significant decrease in forecast benchmark commodity prices used in impairment testing at March 31, 2020 compared to December 31, 2019.

The following table summarizes the impairment expense for the six months ended June 30, 2020 by CGU:

CGU ($ millions, except %)	Operating segment	Recoverable amount	Discount rate		Impairment	Impairment, net of tax
Southeast Saskatchewan	Canada	2,500.0	15.00	%	1,726.1	1,286.7
Southwest Saskatchewan	Canada	940.9	15.00	%	866.7	646.1
Northern U.S.	U.S.	465.8	15.00	%	549.7	410.0
Southern Alberta	Canada	489.2	15.00	%	415.3	309.6
Total impairment		4,395.9			3,557.8	2,652.4

7.GOODWILL

($ millions)	June 30, 2021	December 31, 2020
Goodwill, beginning of period	223.3	230.9
Southeast Saskatchewan asset disposition	(10.6)	—
Saskatchewan gas infrastructure asset disposition	—	(6.4)
Other dispositions	(1.1)	(1.2)
Goodwill, end of period	211.6	223.3

Goodwill has been assigned to the Canadian operating segment.

8.LONG-TERM DEBT

($ millions)	June 30, 2021	December 31, 2020
Bank debt (1)	851.5	388.2
Senior guaranteed notes (2)	1,610.6	1,871.4
Long-term debt	2,462.1	2,259.6
Long-term debt due within one year	273.1	221.6
Long-term debt due beyond one year	2,189.0	2,038.0

(1)The Company has London Inter-bank Offered Rate ("LIBOR") loans under its bank credit facilities. The US dollar amounts of the LIBOR loans were fixed for purposes of interest and principal repayments. At June 30, 2021, the total notional amount due upon bank debt maturity was $837.2 million (December 31, 2020 - $399.1 million). The Interest Rate Benchmark Reform Phase II amendments, effective January 1, 2021, is not expected to have a financial impact on the Company's results. Upon cessation of LIBOR rates, the Company will transition to alternative benchmark rates.

(2)The Company entered into cross currency swaps ("CCS") and a foreign exchange swap concurrent with the issuance of the US dollar senior guaranteed notes to fix the US dollar amount of the notes for the purpose of principal repayment at Canadian dollar notional amounts. At June 30, 2021, the total notional principal due on the maturity of the senior guaranteed notes was $1.47 billion (December 31, 2020 - $1.66 billion) of which $224.1 million (December 31, 2020 - $185.3 million) was due within one year.

Bank debt

The Company has combined facilities of $3.00 billion, including a $2.90 billion syndicated unsecured credit facility with fourteen banks and a $100.0 million unsecured operating credit facility with one Canadian chartered bank. The current maturity dates of the facilities is October 25, 2023. Both of these facilities constitute revolving credit facilities and are extendible annually.

The credit facilities bear interest at the applicable market rate plus a margin based on a sliding scale ratio of the Company's senior debt to earnings before interest, taxes, depletion, depreciation, amortization and impairment, adjusted for payments on lease liability and certain non-cash items including unrealized derivatives, translation of US dollar long-term debt, equity-settled share-based compensation expense and accretion and financing expense ("adjusted EBITDA").

The credit facilities and senior guaranteed notes have covenants which restrict the Company's ratio of senior debt to adjusted EBITDA to a maximum of 3.5:1.0, the ratio of total debt to adjusted EBITDA to a maximum of 4.0:1.0 and the ratio of senior debt to capital, adjusted for certain non-cash items as noted above, to a maximum of 0.55:1.0. The Company was in compliance with all debt covenants at June 30, 2021.

The Company had letters of credit in the amount of $5.7 million outstanding at June 30, 2021 (December 31, 2020 - $10.4 million).

CRESCENT POINT ENERGY CORP. 9

Senior guaranteed notes

The Company has closed private offerings of senior guaranteed notes raising total gross proceeds of US$1.12 billion and Cdn$220.0 million. The notes are unsecured and rank pari passu with the Company's bank credit facilities and carry a bullet repayment on maturity. The senior guaranteed notes have financial covenants similar to those of the combined credit facilities described above. The Company's senior guaranteed notes are detailed below:

Principal ($ millions)	Coupon Rate		Hedged Equivalent (1) (Cdn$ millions)	Interest Payment Dates	Maturity Date	Financial statement carrying value
						June 30, 2021	December 31, 2020
Cdn$50.0	5.53	%	—	October 14 and April 14	April 14, 2021	—	50.0
US$82.0	5.13	%	—	October 14 and April 14	April 14, 2021	—	104.6
US$52.5	3.29	%	—	December 20 and June 20	June 20, 2021	—	67.0
Cdn$25.0	4.76	%	25.0	November 22 and May 22	May 22, 2022	25.0	25.0
US$200.0	4.00	%	199.1	November 22 and May 22	May 22, 2022	248.1	255.1
US$61.5	4.12	%	80.3	October 11 and April 11	April 11, 2023	76.3	78.4
Cdn$80.0	3.58	%	80.0	October 11 and April 11	April 11, 2023	80.0	80.0
Cdn$10.0	4.11	%	10.0	December 12 and June 12	June 12, 2023	10.0	10.0
US$270.0	3.78	%	274.7	December 12 and June 12	June 12, 2023	334.9	344.4
Cdn$40.0	3.85	%	40.0	December 20 and June 20	June 20, 2024	40.0	40.0
US$257.5	3.75	%	276.4	December 20 and June 20	June 20, 2024	319.4	328.4
US$82.0	4.30	%	107.0	October 11 and April 11	April 11, 2025	101.7	104.6
Cdn$65.0	3.94	%	65.0	October 22 and April 22	April 22, 2025	65.0	65.0
US$230.0	4.08	%	291.1	October 22 and April 22	April 22, 2025	285.3	293.4
US$20.0	4.18	%	25.3	October 22 and April 22	April 22, 2027	24.9	25.5
Senior guaranteed notes			1,473.9			1,610.6	1,871.4
Senior guaranteed notes due within one year						273.1	221.6
Senior guaranteed notes due beyond one year						1,337.5	1,649.8

(1)Includes underlying derivatives which manage the Company's foreign exchange exposure on its US dollar senior guaranteed notes. The Company considers this to be the economic amount due at maturity instead of the financial statement carrying amount.

Concurrent with the issuance of US$1.09 billion senior guaranteed notes, the Company entered into CCS to manage the Company's foreign exchange risk. The CCS fix the US dollar amount of the notes for purposes of interest and principal repayments at a notional amount of $1.22 billion. Concurrent with the issuance of US$30.0 million senior guaranteed notes, the Company entered a foreign exchange swap which fixed the principal repayment at a notional amount of $32.2 million. See Note 19 - “Financial Instruments and Derivatives” for additional information.

CRESCENT POINT ENERGY CORP. 10

9.LEASES

Right-of-use asset

($ millions)	Office (1)	Fleet Vehicles	Other	Total
Right-of-use asset at cost	120.9	23.0	12.0	155.9
Accumulated depreciation	(38.3)	(14.1)	(5.9)	(58.3)
Net carrying amount	82.6	8.9	6.1	97.6
Reconciliation of movements during the period
Cost, beginning of period	121.0	20.4	11.6	153.0
Accumulated depreciation, beginning of period	(32.5)	(12.0)	(4.8)	(49.3)
Net carrying amount, beginning of period	88.5	8.4	6.8	103.7
Net carrying amount, beginning of period	88.5	8.4	6.8	103.7
Additions	—	2.6	0.4	3.0
Depreciation	(5.8)	(2.1)	(1.1)	(9.0)
Foreign exchange	(0.1)	—	—	(0.1)
Net carrying amount, end of period	82.6	8.9	6.1	97.6

(1)A portion of the Company's office space is subleased. During the six months ended June 30, 2021, the Company recorded sublease income of $2.7 million (six months ended June 30, 2020 - $2.9 million) as a component of other income.

Lease liability

($ millions)	June 30, 2021	December 31, 2020
Lease liability, beginning of period	156.5	181.2
Additions	3.0	4.8
Financing	3.3	7.1
Payments on lease liability	(13.5)	(37.1)
Lease modification	—	0.5
Lease liability, end of period	149.3	156.5
Expected to be incurred within one year	26.1	26.4
Expected to be incurred beyond one year	123.2	130.1

Some leases contain variable payments that are not included within the lease liability as they are based on amounts determined by the lessor annually and not dependent on an index or rate. For the six months ended June 30, 2021, variable lease payments of $0.8 million were included in general and administrative expenses relating to property tax payments on office leases.

During the six months ended June 30, 2021, the Company recorded $0.3 million in general and administrative expenses related to short-term leases and leases for low dollar value underlying assets.

The undiscounted cash flows relating to the lease liability are as follows:

($ millions)	June 30, 2021
1 year	26.6
2 to 3 years	45.9
4 to 5 years	35.9
More than 5 years	67.6
Total (1)	176.0

(1)Includes both the principal and amounts representing interest.

CRESCENT POINT ENERGY CORP. 11

10.DECOMMISSIONING LIABILITY

Upon retirement of its oil and gas assets, the Company anticipates substantial costs associated with decommissioning. The estimated cash flows have been discounted using a risk-free rate of 1.84 percent and a derived inflation rate of 1.73 percent (December 31, 2020 - risk-free rate of 1.21 percent and inflation rate of 1.49 percent).

($ millions)	June 30, 2021	December 31, 2020
Decommissioning liability, beginning of period	1,022.7	1,144.0
Liabilities incurred	6.1	17.2
Liabilities acquired through capital acquisitions	29.7	0.1
Liabilities disposed through capital dispositions	(219.9)	(31.1)
Liabilities settled (1)	(23.0)	(19.8)
Revaluation of acquired decommissioning liabilities (2)	35.7	0.3
Change in estimated future costs	8.6	(105.8)
Change in discount and inflation rate estimates	(55.1)	4.6
Accretion expense	7.7	13.6
Foreign exchange	(0.4)	(0.4)
Decommissioning liability, end of period	812.1	1,022.7
Expected to be incurred within one year	36.5	57.4
Expected to be incurred beyond one year	775.6	965.3

(1)Includes $14.7 million received from government subsidy programs during the six months ended June 30, 2021 (year ended December 31, 2020 - $5.1 million).

(2)These amounts relate to the revaluation of acquired decommissioning liabilities at the end of the period using a risk-free discount rate. At the date of acquisition, acquired decommissioning liabilities are fair valued.

11.SHAREHOLDERS' CAPITAL

Crescent Point has an unlimited number of common shares authorized for issuance.

	June 30, 2021		December 31, 2020
	Number of shares	Amount ($ millions)	Number of shares	Amount ($ millions)
Common shares, beginning of period	530,035,922	16,707.6	529,399,923	16,705.1
Issued on capital acquisitions	50,000,000	264.5	—	—
Issued on redemption of restricted shares	1,596,380	5.1	2,801,599	15.2
Issued on exercise of stock options	77,863	0.1	—	—
Common shares repurchased	—	—	(2,165,600)	(12.7)
Common shares, end of period	581,710,165	16,977.3	530,035,922	16,707.6
Cumulative share issue costs, net of tax	—	(256.3)	—	(256.1)
Total shareholders’ capital, end of period	581,710,165	16,721.0	530,035,922	16,451.5

Normal Course Issuer Bid ("NCIB")    

On March 5, 2021, the Company announced the approval by the Toronto Stock Exchange of its notice to implement a NCIB. The NCIB allows the Company to purchase, for cancellation, up to 26,462,509 common shares, or five percent of the Company's public float, as at February 26, 2021. The NCIB commenced on March 9, 2021 and is due to expire on March 8, 2022. The Company continues to evaluate returns to shareholders as market conditions permit in the context of its capital allocation framework, leverage targets and adjusted funds flow generation.

12.DEFICIT

($ millions)	June 30, 2021	December 31, 2020
Accumulated earnings (deficit)	(4,382.1)	(6,548.1)
Accumulated gain on shares issued pursuant to DRIP (1) and SDP (2)	8.4	8.4
Accumulated tax effect on redemption of restricted shares	12.1	12.1
Accumulated dividends	(7,641.3)	(7,638.5)
Deficit	(12,002.9)	(14,166.1)

(1)Premium Dividend TM and Dividend Reinvestment Plan.

(2)Share Dividend Plan.

CRESCENT POINT ENERGY CORP. 12

13.CAPITAL MANAGEMENT

($ millions)	June 30, 2021	December 31, 2020
Long-term debt (1)	2,462.1	2,259.6
Adjusted working capital deficiency (2)	16.1	93.4
Unrealized foreign exchange on translation of US dollar long-term debt	(154.0)	(203.8)
Net debt	2,324.2	2,149.2
Shareholders’ equity	5,239.0	2,822.8
Total capitalization	7,563.2	4,972.0

(1)Includes current portion of long-term debt.

(2)Adjusted working capital deficiency is calculated as accounts payable and accrued liabilities and long-term compensation liability net of equity derivative contracts, less cash, accounts receivable, prepaids and deposits and long-term investments.

The following table reconciles cash flow from operating activities to adjusted funds flow from operations for the six months ended June 30, 2021 and June 30, 2020:

($ millions)	June 30, 2021	June 30, 2020
Cash flow from operating activities	589.2	395.9
Changes in non-cash working capital	41.2	8.0
Transaction costs	11.8	5.3
Decommissioning expenditures	8.3	9.3
Adjusted funds flow from operations	650.5	418.5

Crescent Point's objective for managing its capital structure is to maintain a strong balance sheet and capital base to provide financial flexibility, position the Company to fund future development projects and provide returns to shareholders.

Crescent Point manages its capital structure and short-term financing requirements using a measure not defined in IFRS, the ratio of net debt to adjusted funds flow from operations. Net debt to adjusted funds flow from operations is used to measure the Company's overall debt position and to measure the strength of the Company's balance sheet. Crescent Point's objective is to manage this metric to be well positioned to execute its business objectives during periods of volatile commodity prices. Crescent Point monitors this ratio and uses this as a key measure in making decisions regarding financing, capital spending and dividend levels. The Company's net debt to adjusted funds flow from operations ratio for the trailing four quarters at June 30, 2021 was 2.1 times (December 31, 2020 - 2.5 times).

Crescent Point is subject to certain financial covenants on its credit facilities and senior guaranteed notes agreements and was in compliance with all financial covenants as at June 30, 2021. See Note 8 - "Long-term Debt" for additional information regarding the Company's financial covenant requirements.

Crescent Point retains financial flexibility with significant liquidity on its credit facilities and no material near-term debt maturities. The Company is continuously monitoring the commodity price environment and actively manages its counterparty exposure to mitigate credit losses and will make adjustments as needed to protect its balance sheet.

14.COMMODITY DERIVATIVE GAINS (LOSSES)

	Three months ended June 30		Six months ended June 30
($ millions)	2021	2020	2021	2020
Realized gains (losses)	(97.7)	89.6	(157.4)	145.9
Unrealized gains (losses)	(108.6)	(147.9)	(191.8)	110.7
Commodity derivative gains (losses)	(206.3)	(58.3)	(349.2)	256.6

15.OTHER INCOME

	Three months ended June 30		Six months ended June 30
($ millions)	2021	2020	2021	2020
Long-term investments	3.9	1.2	6.1	(4.3)
Gain on capital dispositions	73.8	0.8	56.5	308.3
Government subsidy for decommissioning expenditures	8.6	—	14.7	—
Other	1.5	1.4	2.8	2.9
Other income	87.8	3.4	80.1	306.9

CRESCENT POINT ENERGY CORP. 13

16.INTEREST EXPENSE

	Three months ended June 30		Six months ended June 30
($ millions)	2021	2020	2021	2020
Interest expense on long-term debt	24.0	21.0	47.9	48.3
Unrealized (gain) loss on CCS - interest and interest derivative contracts	2.5	15.4	2.4	(2.4)
Interest expense	26.5	36.4	50.3	45.9

17.FOREIGN EXCHANGE GAIN

	Three months ended June 30		Six months ended June 30
($ millions)	2021	2020	2021	2020
Realized gain (loss) on CCS - principal	(10.3)	1.4	(23.9)	63.4
Translation of US dollar long-term debt	48.2	72.7	73.7	(125.2)
Unrealized gain (loss) on CCS - principal and foreign exchange swaps	(35.5)	(70.0)	(44.6)	72.1
Other	(0.6)	(1.4)	(2.0)	1.2
Foreign exchange gain	1.8	2.7	3.2	11.5

18.SHARE-BASED COMPENSATION

The following table reconciles the number of restricted shares, Employee Share Value Plan ("ESVP") awards, Performance Share Units ("PSUs") and Deferred Share Units ("DSUs") for the six months ended June 30, 2021:

	Restricted Shares	ESVP	PSUs (1)	DSUs
Balance, beginning of period	4,704,129	10,449,383	3,789,689	1,278,263
Granted	1,203,553	2,510,634	2,053,574	154,894
Redeemed	(1,625,535)	(3,417,496)	—	—
Forfeited	(116,436)	(405,818)	(74,405)	—
Balance, end of period	4,165,711	9,136,703	5,768,858	1,433,157

(1)Based on underlying units before any effect of performance multipliers.

The following tables provide summary information regarding stock options outstanding as at June 30, 2021:

	Stock Options (number of units)	Weighted average exercise price ($)
Balance, beginning of period	5,940,871	3.92
Granted	534,264	5.23
Exercised	(133,071)	2.16
Forfeited	(256,058)	3.65
Expired	(89,138)	10.06
Balance, end of period	5,996,868	3.99

Range of exercise prices ($)	Number of stock options outstanding	Weighted average remaining term for options outstanding (years)	Weighted average exercise price per share for options outstanding ($)	Number of stock options exercisable	Weighted average exercise price per share for options exercisable ($)
1.09 - 1.65	3,088,831	5.75	1.09	581,763	1.09
1.66 - 4.52	958,280	4.73	3.93	362,014	3.97
4.53 - 9.86	655,288	6.33	5.77	39,519	8.65
9.87 - 10.06	1,294,469	3.53	10.06	776,683	10.06
	5,996,868	5.17	3.99	1,759,979	5.81

The volume weighted average trading price of the Company's common shares was $4.78 per share during the six months ended June 30, 2021.

CRESCENT POINT ENERGY CORP. 14

The Company estimates the fair value of stock options on the date of the grant using a Black-Scholes option pricing model. The following weighted average assumptions were used to estimate the fair value of the stock options at their grant date:

	Six months ended June 30
	2021		2020
Grant date share price ($)	5.23		1.09
Exercise price ($)	5.23		1.09
Expected annual dividends ($)	0.01		0.01
Expected volatility (%)	59.45	%	51.91	%
Risk-free interest rate (%)	0.94	%	0.59	%
Expected life of stock option (years)	4.9		4.9
Fair value per stock option ($)	2.58		0.45

19.FINANCIAL INSTRUMENTS AND DERIVATIVES

The Company's financial assets and liabilities are comprised of cash, accounts receivable, long-term investments, derivative assets and liabilities, accounts payable and accrued liabilities and long-term debt.

a) Carrying amount and fair value of financial instruments

The fair value of cash, accounts receivable, and accounts payable and accrued liabilities approximate their carrying amount due to the short-term nature of those instruments. The fair value of the amounts drawn on bank credit facilities is equal to its carrying amount as the facilities bear interest at floating rates and credit spreads that are indicative of market rates. These financial instruments are classified as financial assets and liabilities at amortized cost and are reported at amortized cost.

Crescent Point's derivative assets and liabilities and long-term investments are transacted in active markets, classified as financial assets and liabilities at fair value through profit or loss and fair valued at each period with the resulting gain or loss recorded in net income.

At June 30, 2021, the senior guaranteed notes had a carrying value of $1.61 billion and a fair value of $1.58 billion (December 31, 2020 - $1.87 billion and $1.85 billion, respectively).

Derivative assets and liabilities

Derivative assets and liabilities arise from the use of derivative contracts. Crescent Point's derivative assets and liabilities are classified as Level 2 with values based on inputs including quoted forward prices for commodities, time value and volatility factors. Accordingly, the Company's derivative financial instruments are classified as fair value through profit or loss and are reported at fair value with changes in fair value recorded in net income.

The following table summarizes the fair value as at June 30, 2021 and the change in fair value for the six months ended June 30, 2021:

($ millions)	Commodity (1)	Interest (2)	Foreign exchange (3)	Equity	Total
Derivative assets (liabilities), beginning of period	(26.3)	7.3	205.0	11.0	197.0
Unrealized change in fair value	(191.8)	(2.4)	(44.6)	13.5	(225.3)
Derivative assets (liabilities), end of period	(218.1)	4.9	160.4	24.5	(28.3)
Derivative assets, end of period	1.0	7.4	169.1	24.5	202.0
Derivative liabilities, end of period	(219.1)	(2.5)	(8.7)	—	(230.3)

(1)Includes oil and gas contracts.

(2)Includes interest payments on CCS and interest derivative contracts.

(3)Includes principal portion of CCS and foreign exchange contracts.

b) Risks associated with financial assets and liabilities

The Company is exposed to financial risks from its financial assets and liabilities. The financial risks include market risk relating to commodity prices, interest rates, foreign exchange rates and equity price as well as credit and liquidity risk.

CRESCENT POINT ENERGY CORP. 15

Commodity price risk

The Company is exposed to commodity price risk on crude oil and condensate, NGLs and natural gas revenues as well as power on electricity consumption. To manage a portion of this risk, the Company has entered into various derivative agreements.

The following table summarizes the unrealized gains (losses) on the Company's commodity financial derivative contracts and the resulting impact on income before tax due to fluctuations in commodity prices or differentials, with all other variables held constant:

($ millions)	June 30, 2021		June 30, 2020
	Increase 10%	Decrease 10%	Increase 10%	Decrease 10%
Commodity price
Crude oil and condensate	(109.6)	107.5	(60.5)	59.6
Natural gas	(3.0)	3.0	(1.0)	1.0
Differential
Crude oil	0.9	(0.9)	—	—

Interest rate risk

The Company is exposed to interest rate risk on bank credit facilities to the extent of changes in market interest rates. Based on the Company's floating rate debt position net of interest rate swaps, as at June 30, 2021, a 1 percent increase or decrease in the interest rate on floating rate debt would amount to an impact on income before tax of $1.3 million and $2.7 million for the three and six months ended June 30, 2021, respectively (three and six months ended June 30, 2020 - $0.8 million and $1.6 million, respectively).

The following table summarizes the unrealized gains (losses) on the Company's interest derivative contracts and the resulting impact on income before tax due to the respective changes in the applicable forward interest rates, with all other variables held constant:

($ millions)	June 30, 2021		June 30, 2020
Forward interest rates	Increase 50 basis points	Decrease 50 basis points	Increase 50 basis points	Decrease 50 basis points
Interest rate swaps	3.7	(3.7)	2.9	(2.9)

Foreign exchange risk

The Company is exposed to foreign exchange risk in relation to its US dollar denominated long-term debt, investment in U.S. subsidiaries and in relation to its crude oil sales. Crescent Point enters into various CCS and foreign exchange swaps to hedge its foreign exchange exposure on its US dollar denominated long-term debt. To partially mitigate the foreign exchange risk relating to crude oil sales, the Company has fixed crude oil contracts to settle in Cdn$ WTI.

The following table summarizes the resulting unrealized gains (losses) impacting income before tax due to the respective changes in the period end and applicable foreign exchange rates, with all other variables held constant:

($ millions)	Exchange Rate	June 30, 2021		June 30, 2020
Cdn$ relative to US$		Increase 10%	Decrease 10%	Increase 10%	Decrease 10%
US dollar long-term debt	Period End	217.8	(217.8)	231.5	(231.5)
Cross currency swaps	Forward	(226.5)	226.5	(248.5)	248.5
Foreign exchange swaps	Forward	(4.5)	4.5	(4.1)	4.1

Equity price risk

The Company is exposed to equity price risk on its own share price in relation to certain share-based compensation plans detailed in Note 18 - “Share-based Compensation”. The Company has entered into total return swaps to mitigate its exposure to fluctuations in its share price by fixing the future settlement cost on a portion of the cash settled plan.

The following table summarizes the unrealized gains (losses) on the Company's equity derivative contracts and the resulting impact on income before tax due to the respective changes in the applicable share price, with all other variables held constant:

($ millions)	June 30, 2021		June 30, 2020
Share price	Increase 50%	Decrease 50%	Increase 50%	Decrease 50%
Total return swaps	22.7	(22.7)	9.9	(9.9)

CRESCENT POINT ENERGY CORP. 16

Credit risk

The Company is exposed to credit risk in relation to its physical oil and gas sales, financial counterparty and joint venture receivables. A substantial portion of the Company's accounts receivable are with customers in the oil and gas industry and are subject to normal industry credit risks. To mitigate credit risk associated with its physical sales portfolio, Crescent Point obtains financial assurances such as parental guarantees, letters of credit and third party credit insurance. Including these assurances, approximately 98 percent of the Company's oil and gas sales are with entities considered investment grade.

At June 30, 2021, approximately 3 percent (December 31, 2020 - 5 percent) of the Company's accounts receivable balance was outstanding for more than 90 days and the Company's average expected credit loss was 1.09 percent (December 31, 2020 - 0.90 percent) on a portion of the Company’s accounts receivable balance relating to joint venture receivables.

Liquidity risk

The Company manages its liquidity risk through managing its capital structure and continuously monitoring forecast cash flows and available credit under existing banking arrangements as well as other potential sources of capital.

At June 30, 2021, the Company had available unused borrowing capacity on bank credit facilities of approximately $2.15 billion, including $5.7 million outstanding letters of credit and cash of $4.4 million.

c) Derivative contracts

The following is a summary of the derivative contracts in place as at June 30, 2021:

Financial WTI Crude Oil Derivative Contracts – Canadian Dollar (1)
		Swap	Collar		Three-way Collar
Term	Volume (bbls/d) (2)	Average Price ($/bbl)	Average Sold Call Price ($/bbl)	Average Bought Put Price ($/bbl)	Volume (bbls/d)	Average Sold Call Price ($/bbl)	Average Bought Put Price ($/bbl)	Average Sold Put Price ($/bbl)
2021 July - December	39,500	66.46	—	—	1,000	65.35	60.00	50.00
2022	12,212	72.31	79.11	65.76	4,750	84.57	72.89	62.89

(1)The volumes and prices reported are the weighted average volumes and prices for the period.

(2)Total weighted average volumes for collar contracts is 4,750 bbl/d in 2022.

Financial WTI Crude Oil Differential Derivative Contracts – Canadian Dollar (1)
Term	Volume (bbls/d)	Contract	Basis	Fixed Differential ($/bbl)
2021 July - September	4,000	Basis Swap	WCS (2)	(14.53)
2021 July - September	5,500	Basis Swap	MSW (3)	(5.76)

(1)The volumes and prices reported are the weighted average volumes and prices for the period.

(2)WCS refers to Western Canadian Select crude oil differential.

(3)MSW refers to Mixed Sweet Blend crude oil differential.

Financial AECO Natural Gas Derivative Contracts – Canadian Dollar (1)
	Average Volume (GJ/d)	Average Swap Price ($/GJ)
Term
2021 July - December	36,712	2.68
2022 January - March	20,000	2.94

(1)The volumes and prices reported are the weighted average volumes and prices for the period.

Financial Interest Rate Derivative Contracts – Canadian Dollar		Notional Principal ($ millions)	Fixed Rate (%)
Term	Contract
July 2021 - March 2023	Swap	50.0	0.92
July 2021 - August 2023	Swap	50.0	0.81
July 2021 - August 2023	Swap	50.0	0.95
July 2021 - September 2023	Swap	50.0	0.95
July 2021 - August 2024	Swap	100.0	0.87

CRESCENT POINT ENERGY CORP. 17

Financial Cross Currency Derivative Contracts
Term	Contract	Receive Notional Principal (US$ millions)	Fixed Rate (US%)	Pay Notional Principal (Cdn$ millions)	Fixed Rate (Cdn%)
July 2021	Swap	345.0	2.17	416.4	2.24
July 2021 - August 2021	Swap	290.0	2.17	357.0	2.22
July 2021 - May 2022	Swap	170.0	4.00	166.9	5.03
July 2021 - April 2023	Swap	61.5	4.12	80.3	3.71
July 2021 - June 2023	Swap	270.0	3.78	274.7	4.32
July 2021 - June 2024	Swap	257.5	3.75	276.4	4.03
July 2021 - April 2025	Swap	82.0	4.30	107.0	3.98
July 2021 - April 2025	Swap	230.0	4.08	291.1	4.13
July 2021 - April 2027	Swap	20.0	4.18	25.3	4.25

Financial Foreign Exchange Forward Derivative Contracts
Settlement Date	Contract	Receive Notional Principal (US$ millions)	Pay Notional Principal (Cdn$ millions)
July 2021	Swap	6.0	7.4
May 2022	Swap	30.0	32.2

Financial Equity Derivative Contracts		Notional Principal ($ millions)	Number of shares
Term	Contract
July 2021 - April 2022	Swap	9.1	3,717,846
July 2021 - April 2023	Swap	8.3	3,674,746
July 2021 - April 2024	Swap	3.6	717,846

20.COMMITMENTS

At June 30, 2021, the Company had contractual obligations and commitments as follows:

($ millions)	1 year	2 to 3 years	4 to 5 years	More than 5 years	Total
Operating (1)	4.8	10.7	13.4	27.1	56.0
Gas Processing	57.9	117.3	90.8	349.6	615.6
Transportation	37.3	66.0	58.2	26.7	188.2
Capital	9.7	—	—	—	9.7
Total contractual commitments (2)	109.7	194.0	162.4	403.4	869.5

(1) Includes operating costs on the Company's office space, net of $8.5 million recoveries from subleases.

(2) Excludes contracts accounted for under IFRS 16. See Note 9 - "Leases" for additional information.

CRESCENT POINT ENERGY CORP. 18

21.SUPPLEMENTAL DISCLOSURES

Cash flow statement presentation

	Three months ended June 30		Six months ended June 30
($ millions)	2021	2020	2021	2020
Operating activities
Changes in non-cash working capital:
Accounts receivable	(55.9)	7.4	(109.0)	106.6
Prepaids and deposits	(8.0)	(11.1)	(6.3)	(16.7)
Accounts payable and accrued liabilities	(20.0)	(45.0)	51.5	(94.8)
Other current liabilities	(0.4)	2.0	17.9	0.3
Other long-term liabilities	(4.1)	5.6	4.7	(3.4)
	(88.4)	(41.1)	(41.2)	(8.0)
Investing activities
Changes in non-cash working capital:
Accounts receivable	(1.4)	4.9	0.9	7.7
Accounts payable and accrued liabilities	(8.2)	(95.3)	(21.7)	(114.3)
	(9.6)	(90.4)	(20.8)	(106.6)
Financing activities
Changes in non-cash working capital:
Accounts payable and accrued liabilities	0.2	(4.0)	0.2	(4.0)

CRESCENT POINT ENERGY CORP. 19

Supplementary financing cash flow information

The Company's reconciliation of cash flow from financing activities is outlined in the table below:

($ millions)	Dividends payable	Long-term debt (1)	Lease liability (2)
December 31, 2020	1.3	2,259.6	156.5
Changes from cash flow from financing activities:
Increase in bank debt, net		494.2
Repayment of senior guaranteed notes		(217.6)
Realized loss on cross currency swap maturity		(23.9)
Cash dividends paid	(2.6)
Payments on principal portion of lease liability			(10.2)
Non-cash changes:
Cash dividends declared	2.8
Additions			3.0
Foreign exchange		(50.2)
June 30, 2021	1.5	2,462.1	149.3
December 31, 2019	5.3	2,905.1	181.2
Changes from cash flow from financing activities:
Decrease in bank debt, net		(207.8)
Repayment of senior guaranteed notes		(224.4)
Realized gain on cross currency swap maturity		63.4
Cash dividends paid	(10.7)
Payments on principal portion of lease liability			(19.6)
Non-cash changes:
Cash dividends declared	6.7
Additions			0.4
Foreign exchange		61.3	0.2
June 30, 2020	1.3	2,597.6	162.2

(1)Includes current portion of long-term debt.

(2)Includes current portion of lease liability.

22.GEOGRAPHICAL DISCLOSURE

The following table reconciles oil and gas sales by country and product type:

	Three months ended June 30		Six months ended June 30
($ millions) (1)	2021	2020	2021	2020
Canada
Crude oil and condensate sales	633.2	197.7	1,093.5	618.5
NGL sales	44.7	8.7	78.2	30.9
Natural gas sales	40.6	15.5	58.4	32.4
Total Canada	718.5	221.9	1,230.1	681.8
U.S.
Crude oil and condensate sales	108.8	33.2	207.3	113.7
NGL sales	17.6	1.8	29.3	7.1
Natural gas sales	4.3	2.1	12.7	4.8
Total U.S.	130.7	37.1	249.3	125.6
Total oil and gas sales	849.2	259.0	1,479.4	807.4

(1)Oil and gas sales are reported before realized derivatives.

CRESCENT POINT ENERGY CORP. 20

The following table reconciles non-current assets by country:

($ millions)	June 30, 2021	December 31, 2020
Canada	7,572.8	5,520.6
U.S.	1,290.9	846.6
Total	8,863.7	6,367.2

CRESCENT POINT ENERGY CORP. 21

Directors Barbara Munroe, Chair (6) Laura Cillis (1) (2) James Craddock (2) (3) (5) John Dielwart (3) (4) Ted Goldthorpe (1) (5) Mike Jackson (1) (5) Jennifer Koury (2) (5) Francois Langlois (1) (3) (4) Myron Stadnyk (2) (3) (4) Craig Bryksa (4) (1) Member of the Audit Committee of the Board of Directors (2) Member of the Human Resources and Compensation Committee of the Board of Directors (3) Member of the Reserves Committee of the Board of Directors (4) Member of the Environment, Safety and Sustainability Committee of the Board of Directors (5) Member of the Corporate Governance and Nominating Committee (6) Chair of the Board serves in an ex officio capacity on each Committee Officers Craig Bryksa President and Chief Executive Officer Ken Lamont Chief Financial Officer Ryan Gritzfeldt Chief Operating Officer Brad Borggard Senior Vice President, Corporate Planning and Capital Markets Mark Eade Senior Vice President, General Counsel and Corporate Secretary Garret Holt Senior Vice President, Corporate Development Head Office Suite 2000, 585 - 8th Avenue S.W. Calgary, Alberta T2P 1G1 Tel: (403) 693-0020 Fax: (403) 693-0070 Toll Free: (888) 693-0020 Banker The Bank of Nova Scotia Calgary, Alberta Auditor PricewaterhouseCoopers LLP Calgary, Alberta Legal Counsel Norton Rose Fulbright Canada LLP Calgary, Alberta Evaluation Engineers GLJ Ltd. Calgary, Alberta McDaniel & Associates Consultants Ltd. Calgary, Alberta Sproule Associates Ltd. Calgary, Alberta Registrar and Transfer Agent Investors are encouraged to contact Crescent Point's Registrar and Transfer Agent for information regarding their security holdings: Computershare Trust Company of Canada 600, 530 - 8th Avenue S.W. Calgary, Alberta T2P 3S8 Tel: (403) 267-6800 Stock Exchanges Toronto Stock Exchange - TSX New York Stock Exchange - NYSE Stock Symbol CPG Investor Contacts Brad Borggard Senior Vice President, Corporate Planning and Capital Markets (403) 693-0020 Shant Madian Vice President, Investor Relations and Corporate Communications (403) 693-0020

CRESCENT POINT ENERGY CORP. 22