California Resources

California Resources Corp. is an independent oil and natural gas company committed to energy transition in the sector. The firm has some of the lowest carbon intensity production in the U.S. It focuses on increasing the value of land, mineral and technical resources for decarbonization by developing carbon capture and storage and other emissions reducing projects. The company was founded on April 23, 2014 and is headquartered in Long Beach, CA.

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Earnings data Q3 2024

Earnings data Q4 2024

California Resources (CRC) focuses on cash flow, value enhancement

CRC adapting to market dynamics with strategic realignment and increased financial flexibility.
Balancing operational efficiency with shareholder returns through value-enhancing actions.
Navigating challenges like litigation, production decline, and changing market conditions.
Exploring opportunities in business separations, asset monetization, and growth projects.

California Resources (CRC) reports record Q1 earnings and carbon strategy focus

California Resources (CRC) delivered strong financial results in Q1 2023, with a focus on operational efficiency and shareholder returns. The company is strategically repositioning, evaluating cost-cutting initiatives, and advancing their carbon management strategy to align with clean energy objectives in California.

California Resources (CRC) maintains financial strength amidst operational challenges

California Resources (CRC) reaffirms 2023 guidance with narrowed free cash flow range and lower operating cost guidance. The company is making progress on converting an oilfield into a real estate project and is focused on expanding carbon management efforts and shareholder returns.

California Resources (CRC) reports robust Q3 earnings and advances clean energy initiatives

California Resources (CRC) showcased strong cash flow generation and a focus on carbon management projects, with plans for CO2 capture and storage at Elk Hills.
Despite regulatory challenges and decision uncertainties, CRC is strategically positioned for clean energy development and cost savings, aiming for increased drilling activity.
The company's emphasis on emission capture technology, responsibly sourced gas, and waste utilization presents growth opportunities aligned with California's clean energy goals.

California Resources (CRC) exceeds Q4 targets, poised for carbon management growth

California Resources (CRC) delivered a robust performance in Q4 2023, exceeding financial targets and showcasing strengths in cost management, operational excellence, and carbon management initiatives.
While facing challenges in tax predictability and regulatory compliance, CRC is well-positioned to capitalize on growth opportunities in carbon management, emissions control projects, and operational synergies post-Aera merger.
The company's strategic focus on free cash generation, debt reduction, and shareholder value enhancement, coupled with ongoing efforts to navigate operational complexities and regulatory landscapes, underpin its resilience and growth potential.
With a strong financial outlook, commitment to sustainability, and strategic partnerships driving future growth, CRC remains poised for success in the evolving energy landscape, particularly in the carbon management sector.

California Resources (CRC) excels in Q3, eyes sustainable growth

CRC's Q3 performance reflects strong financials and strategic progress post-merger.
The company's focus on decarbonization and clean energy solutions is gaining traction.
Balancing financial strength with sustainability initiatives is a key priority for CRC.
Exploration of new energy avenues and partnerships positions CRC for future growth.

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California Resources Corp. is an independent energy and carbon management company, which engages in energy transition. It focuses on increasing the value of land, mineral and technical resources for decarbonization by developing carbon capture, storage and other emissions reducing projects. The company was founded on April 23, 2014 and is headquartered in Long Beach, CA.

California Resources Corporation (CRC) came out with quarterly earnings of $0.60 per share, missing the Zacks Consensus Estimate of $0.96 per share. This compares to earnings of $0.53 per share a year ago.

California Resources Corporation (CRC) Misses Q2 Earnings and Revenue Estimates

LONG BEACH, Calif.--(BUSINESS WIRE)-- #CCS--California Resources Corporation (NYSE: CRC) today reported financial and operating results for the second quarter of 2024. The Company plans to host a conference call and webcast at 1 p.m. ET (10 a.m. PT) on Wednesday, August 7, 2024. Participation details can be found within this release. In addition, supplemental slides have been posted to CRC's website at www.crc.com. Highlights: Aera Merger Successfully closed the merger with Aera Energy on July 1, 2024.

California Resources Reports Second Quarter 2024 Financial and Operating Results

LONG BEACH, Calif.--(BUSINESS WIRE)-- #CCS--Carbon TerraVault Holdings, LLC (CTV) today provided a second quarter 2024 update. California Resources Corporation (NYSE: CRC) conducts its carbon management business through CTV and its subsidiaries, which pursues carbon capture and sequestration (CCS) projects that are directly sited or within close proximity to significant sources of carbon dioxide (CO2) emissions in California. “Our Carbon TerraVault team continues to advance its business, recently subm.

Carbon TerraVault Provides Second Quarter 2024 Update

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ALGT, CRC and MP have been added to the Zacks Rank #5 (Strong Sell) List on July 25, 2024.

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LONG BEACH, Calif.--(BUSINESS WIRE)-- #2Q24Results--California Resources Corporation (NYSE: CRC) plans to release its second quarter 2024 financial results on Tuesday, August 6th after market close. The Company will hold a conference call to discuss these financial results on Wednesday, August 7th at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time). We encourage participants to pre-register for the conference call using the following link: https://dpregister.com/sreg/10189857/fcb0ff718c. Callers who pre-regis.

California Resources Corporation Schedules Second Quarter 2024 Earnings Conference Call

California Resources (CRC) expects capital expenditure to be in the $170-$210 million range for the combined entity and net daily production in the band of 140-146 mboe per day for second-half 2024.

California Resources (CRC) Concludes Merger With Aera Energy

LONG BEACH, Calif.--(BUSINESS WIRE)-- #California--California Resources Corporation (NYSE: CRC) announced today the completion of the all-stock combination with Aera Energy, LLC (Aera). The issuance of shares was approved by CRC shareholders at a special meeting held on June 26, 2024, where CRC shareholders voted in favor of the stock issuance necessary for the closing of the combination of CRC and Aera. “We are very pleased to welcome Aera's team with decades of experience and a track record of successful,.

California Resources Corporation Completes Combination with Aera Energy

LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) (the “Company”) announced today the pricing of its upsized private offering of $600 million in aggregate principal amount of its 8.250% senior unsecured notes due 2029 (the “Notes”) at par. The Notes will be guaranteed by all of the Company's existing subsidiaries that guarantee its revolving credit facility, its 7.125% senior unsecured notes due 2026 and certain future subsidiaries. The offering is expected to cl.

California Resources Corporation Announces Pricing of Upsized Private Offering of $600 Million of Senior Unsecured Notes

LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) (the “Company”) announced today that, subject to market and other conditions, it intends to offer and sell to eligible purchasers $500 million in aggregate principal amount of senior unsecured notes due 2029 (the “Notes”). The Notes will be guaranteed by all of the Company's existing subsidiaries that guarantee its revolving credit facility, its 7.125% senior unsecured notes due 2026 and certain future subsidiarie.

California Resources Corporation Announces Private Offering of $500 Million of Senior Unsecured Notes

California Resources Corporation (NYSE:CRC ) Q1 2024 Earnings Conference Call May 8, 2024 1:00 PM ET Company Participants Joanna Park - Vice President-Investor Relations and Treasurer Francisco Leon - Chief Executive Officer Nelly Molina - Chief Financial Officer Chris Gould - Executive Vice President & Chief Sustainability Officer, and Managing Director-CTV Holdings Jay Bys - Executive Vice President and Chief Commercial Officer Omar Hayat - Executive Vice President-Operations Conference Call Participants Scott Hanold - RBC Capital Markets Kalei Akamine - Bank of America Nate Pendleton - Stifel Betty Jiang - Barclays Leo Mariani - ROTH MKM Noel Parks - Tuohy Brothers Investment Research Operator Good day and welcome to the California Resources Corporation First Quarter 2024 Earnings Conference Call. All participants will be in a listen-only mode.

California Resources Corporation (CRC) Q1 2024 Earnings Call Transcript

LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) today reported financial and operating results for the first quarter 2024. The Company plans to host a conference call and webcast on Wednesday, May 8th at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time). Participation details can be found within this release. In addition, supplemental slides are posted to CRC's website at www.crc.com. First Quarter 2024 Highlights: Returned $79 million to shareholders through sh.

California Resources Reports First Quarter 2024 Financial and Operating Results

LONG BEACH, Calif.--(BUSINESS WIRE)--Carbon TerraVault (CTV) today provided an update on its first quarter 2024 operations. California Resources Corporation (NYSE: CRC) conducts its carbon management business through CTV which pursues carbon capture and sequestration (CCS) projects that are directly sited or within close proximity to significant sources of carbon dioxide (CO2) emissions in California. “We began our year by continuing to work closely with local communities and other stakeholders.

Carbon TerraVault Provides First Quarter 2024 Update

California Resources (CRC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

California Resources Corporation (CRC) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

NEW YORK , April 26, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and is investigating California Resources Corporation (NYSE: CRC), relating to its proposed merger with Aera Energy, LLC.

SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Announces An Investigation of California Resources Corporation - CRC

LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) received a “Grade A” certification through MiQ's Methane Emissions Performance Standard for its operating assets in Los Angeles and Orange Counties. This is the first “Grade A” independently certified gas (ICG) designation that MiQ has presented to oil and natural gas operating assets in California and the Rocky Mountain region. This achievement demonstrates CRC's dedication to its ESG goals and sustainability pla.

California Resources Corporation Achieves MiQ “Grade A” Certification for its Los Angeles Basin Assets

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Healthy oil prices and stellar dividend yields raise the incentive to keep tabs on upstream firms like APA Corp (APA), Murphy Oil (MUR) and California Resources (CRC).

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LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) plans to release its first quarter 2024 financial results on Tuesday, May 7th after market close. The Company will hold a conference call to discuss these financial results on Wednesday, May 8th at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time). We encourage participants to pre-register for the conference call using the following link: https://dpregister.com/sreg/10187009/fbc013eb9d. Callers who pre-register wil.

California Resources Corporation Schedules First Quarter 2024 Earnings Conference Call

LONG BEACH, Calif.--(BUSINESS WIRE)-- #CCS--California Resources Corporation (NYSE: CRC) announced today that the Board of Directors has nominated Christian S. (Chris) Kendall to stand for election as a director at CRC's 2024 Annual Meeting of Stockholders. Mr. Kendall is the former President and Chief Executive Officer of Denbury. “As we continue creating long-term sustainable value at CRC and CTV, Mr. Kendall will bring significant strategic insights to navigate the growth and development of our low.

California Resources Corporation Announces the Nomination of Christian S. Kendall to Its Board of Directors

California Resources Corporation (CRC) Q4 2023 Earnings Call Transcript

The headline numbers for California Resources Corporation (CRC) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Here's What Key Metrics Tell Us About California Resources Corporation (CRC) Q4 Earnings

California Resources Corporation (CRC) came out with quarterly earnings of $0.93 per share, missing the Zacks Consensus Estimate of $1.01 per share. This compares to earnings of $1.24 per share a year ago.

California Resources Corporation (CRC) Q4 Earnings Miss Estimates

LONG BEACH, Calif.--(BUSINESS WIRE)-- #Californiaresourcescorporation--California Resources Corporation (NYSE: CRC) today reported financial and operating results for the fourth quarter and full-year 2023. The Company plans to host a conference call and webcast on Wednesday, February 28th at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time). Participation details can be found within this release. In addition, supplemental slides are posted to CRC's website at www.crc.com. 2023 Highlights: Generated $653 million of net cash from.

California Resources Reports Fourth Quarter and Full-Year 2023 Financial and Operating Results

LONG BEACH, Calif.--(BUSINESS WIRE)-- #Carbonsequestration--Carbon TerraVault (CTV) today provided an update on its 2023 operations. California Resources Corporation (NYSE: CRC) conducts its carbon management business through Carbon TerraVault which pursues carbon capture and sequestration projects that are directly sited or within close proximity to significant sources of carbon dioxide (CO2) emissions in California. “During 2023, our team meaningfully advanced the expansion of our carbon management business by anno.

Carbon TerraVault Provides 2023 Update

California Resources Corporation (CRC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate California Resources Corporation (CRC) to Report a Decline in Earnings: What to Look Out for

California Resources (CRC) and Aera Energy's merger will add large, conventional, low decline, oil-weighted, proved developed producing reserves to CRC's asset bases and sustainable cash flows.

News for California Resources Stock (CRC)