Welcome to our dedicated page for California Res news (Ticker: CRC), a resource for investors and traders seeking the latest updates and insights on California Res stock.
California Resources Corporation reports news on its oil and natural gas operations, capital spending, production activity, and drilling programs across California and Utah. Company updates commonly cover financial results, operating guidance, shareholder returns, drilling permits, integration of the completed Berry Corporation combination, and debt or capital-structure actions.
CRC also reports developments in carbon management through Carbon TerraVault, including carbon capture, transportation and permanent storage services, environmental products, and emissions-reduction initiatives. Other recurring news themes include methane certification for San Joaquin Valley assets, customer or community decarbonization partnerships, and governance or shareholder voting matters.
California Resources (NYSE: CRC) achieved first CO₂ injection at Carbon TerraVault I (CTV I), located at Elk Hills Field in Kern County, marking California’s first operational carbon capture and storage project.
CTV I–26R can store up to 1.46 million metric tons of CO₂ annually, with 38 million metric tons total capacity. The site holds the state’s first final U.S. EPA Class VI permits and is part of a joint venture with Brookfield. California Resources has submitted eight additional CTV reservoirs for permitting, representing about 352 million metric tons of potential storage. The company also committed over $1 million to community benefits in Kern County and will form a Community Advisory Council in 2026.
California Resources Corporation (NYSE: CRC) reported 1Q2026 results and raised full-year expectations. CRC delivered 154 MBoe/d (81% oil), reported adjusted EBITDAX of $304 million and increased 2026 adjusted EBITDAX midpoint 42% to $1,450 million. Capital investments were raised to $520–$560 million to accelerate drilling; targeted year-end exit production ~175 MBoe/d. Liquidity stood at $1,276 million; returned $46 million to shareholders.
California Resources Corporation (NYSE: CRC) will release first quarter 2026 results on Tuesday, May 5, 2026 after market close and host a conference call on Wednesday, May 6, 2026 at 1:00 p.m. ET (10:00 a.m. PT).
Investors can pre-register for a passcode and PIN, dial into the call, or listen via webcast at www.crc.com. A digital replay will be archived on the Investor Relations page for approximately 90 days.
California Resources Corporation (NYSE: CRC) priced an upsized private offering of $350 million aggregate principal of 7.000% senior unsecured notes due January 15, 2034, at 100.500% of par. The offering was increased from $250 million and is expected to close on March 23, 2026.
The Notes pay semi‑annual interest on January 15 and July 15 (first payment July 15, 2026), will be fungible with the company’s existing $400 million 7.000% notes, and the company intends to use proceeds to fund the redemption of $350 million of 8.250% notes due 2029.
California Resources Corporation (NYSE: CRC) intends to offer $250 million of 7.000% senior unsecured notes due 2034 as additional notes to an existing $400 million series.
The Notes will be fungible with the existing series, offered to QIBs under Rule 144A and non-U.S. persons under Regulation S, and net proceeds plus cash/borrowings are intended to redeem $250 million of 8.250% notes due 2029 at a 100% redemption price plus applicable premium.
California Resources Corporation (NYSE: CRC) reported strong 2025 results with 25% production growth to 138 MBoe/d, adjusted EBITDAX $1,241M, and free cash flow $543M—both the highest since 2021. The company closed the Berry combination, added 93 MMBoe proved reserves, and exited 2025 with $117M cash and $1,284M borrowing capacity.
For 2026 CRC targets ~12% production growth to 152–157 MBoe/d, capital investments $430–$470M, expected Berry synergies of $80–$90M, and first CO2 injection at Elk Hills in spring 2026, subject to approvals.
California Resources Corporation (NYSE: CRC) received a third MiQ ‘Grade A’ certification for production segments in Fresno and Kern Counties, covering the majority of its San Joaquin Valley output. The certification reflects high scores in company practices, monitoring technology and methane intensity.
CRC says independent verification strengthens its low‑methane credentials and supports reliable, responsibly sourced energy for California while addressing buyer, regulator and investor expectations.
California Resources Corporation (NYSE: CRC) will release its fourth quarter and full year 2025 financial results on Monday, March 2, 2026 before market open. The company will host a conference call on March 2 at 1:00 p.m. ET (10:00 a.m. PT) to discuss results, with a webcast and a digital replay archived for ~90 days on the investor relations site.
Participants are encouraged to pre-register to receive a passcode and PIN for immediate access; dial-in and international numbers are provided.
California Resources Corporation (NYSE: CRC) and the Los Angeles Rams marked year one of their "Football Without the Footprint" partnership, retiring locally sourced environmental products to offset the team’s 2025 energy and travel emissions.
Key outcomes: CRC supplied MiQ-certified low-carbon crude equal to the Rams' away-game jet fuel with 54% lower carbon intensity than the California average; MiQ Grade A low-carbon natural gas (methane intensity <0.05%) equal to stadium use; BeZero-rated A.pre industrial emissions-avoidance credits; and forestry credits tied to the Colorado River Basin.
California Resources Corporation (NYSE: CRC) closed its all-stock combination with Berry Corporation (NASDAQ: BRY) on December 18, 2025, creating a combined company headquartered in Long Beach and led by CRC’s executive team.
Under the deal, Berry equity holders received ~5.6 million CRC shares with an approximate aggregate value of $253 million based on CRC’s Dec 17, 2025 close. CRC said the transaction adds long-lived, low-decline San Joaquin assets, development upside, and strategic optionality in the Uinta basin, and expects to issue full-year 2026 guidance with its year-end and Q4 2025 results.