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.
Centuri Holdings (NYSE: CTRI) announced executive leadership changes, appointing Kelly Youngblood as Executive Vice President and Chief Financial Officer and Danielle Hunter as Executive Vice President, Chief Legal & Administrative Officer and Corporate Secretary, effective immediately. Youngblood succeeds Gregory A. Izenstark and brings over 30 years of global energy services and industrial distribution experience, including senior roles at DNOW and MRC. Hunter succeeds Jason S. Wilcock and has more than 15 years of public company executive leadership in the energy industry, most recently serving as President of Berry Corporation. According to Centuri, these appointments support its Vision One Centuri transformation and growth strategy.
California Resources Corporation (NYSE: CRC) reported second quarter 2026 net income of $514 million, including a non-cash commodity derivative gain, with adjusted net income of $88 million and adjusted EBITDAX of $338 million. Average net production was 149 MBoe/d (81% oil).
CRC generated $263 million of net cash from operating activities and $114 million of free cash flow, returned $36 million in dividends, and ended the quarter with $1.322 billion in liquidity. The company agreed to acquire Crimson Midstream for $63 million, cut long-term California maintenance capital about 5% to $450–$475 million, and reaffirmed 2026 guidance while trimming 2026 drilling, completions and workover capital by $10 million.
California Resources Corporation (NYSE: CRC) agreed to acquire Crimson Midstream Holdings from CorEnergy Infrastructure Trust for $63 million in cash, subject to customary adjustments. The planned deal adds about 2,000 miles of California pipelines with transportation capacity of up to 400,000 barrels per day, including the SoCal Pipeline Network, IVEC Line, San Pablo Bay Pipeline and KLM Pipeline.
CRC describes the transaction as attractively priced at roughly 4.4x enterprise value / 2027E adjusted EBITDA and expects it to be accretive to key financial metrics. The acquisition is intended to strengthen CRC’s integrated California energy infrastructure platform, enhancing crude transport, market connectivity and third‑party transportation opportunities. The closing is targeted for the third quarter of 2026, subject to regulatory approvals, after which CRC plans to update its financial and operating guidance.
California Resources (NYSE:CRC) will release its second quarter 2026 financial results on Monday, August 10, 2026, before market hours. A related earnings conference call is scheduled for 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time).
Investors can participate via phone, webcast, or 90-day replay.
California Resources (NYSE: CRC) priced a private offering of $550 million aggregate principal amount of 7.250% senior unsecured notes due 2035 at par. Net proceeds are estimated at about $541 million.
CRC plans to use proceeds, plus borrowings and/or cash, to redeem its 8.250% senior notes due 2029.
California Resources (NYSE: CRC) plans a private offering of $550 million senior unsecured notes due 2035, guaranteed by key subsidiaries.
According to California Resources, net proceeds, plus revolver borrowings and/or cash, are intended to redeem all $550 million 8.250% senior notes due 2029 at 104.125% of principal, plus accrued interest, subject to market conditions.
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.