CRC earnings

Increasing Second Half 2026 Activity to Accelerate Development of Long Duration Oil Inventory Raising 2026E Adjusted EBITDAX Guidance by 42% Driven by Strong Oil Prices, Increased Target Synergies and Expected Operating Efficiencies LONG BEACH, Calif., May 05, 2026 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE:CRC) (CRC) today reported its financial and operating results for the first quarter of 2026. In addition, CRC announced plans to increase second half 2026 drilling activity, materially enhancing full-year expectations and building momentum into 2027. The Company plans to host a conference call and webcast at 1 p.m. ET (10 a.m. PT) on Wednesday, May 6, 2026. Conference

LONG BEACH, Calif., April 06, 2026 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE:CRC) plans to release its first quarter 2026 financial results on Tuesday, May 5th after market close. The Company will hold a conference call to discuss these financial results on Wednesday, May 6th 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/10207969/103b95d691e. Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, including up to and af

25% Year-Over-Year Production Growth and Highest Annual Free Cash Flow Since 2021 Receipt of New Drilling Permits Supports Planned 2026 Drilling Program LONG BEACH, Calif., March 02, 2026 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE:CRC) (CRC) today reported its financial and operating results for the fourth quarter and full-year 2025. The Company plans to host a conference call and webcast at 1 p.m. ET (10 a.m. PT) on Monday, March 2, 2026. Conference call details can be found within this release. Fourth Quarter Highlights Reported net income of $12 million, adjusted net income1 of $40 million and $251 million of adjusted EBITDAX1Generated net cash provided by operating

LONG BEACH, Calif., Jan. 15, 2026 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE:CRC) plans to release its fourth quarter and full year 2025 financial results on Monday, March 2nd before market hours. The Company will hold a conference call to discuss these financial results on Monday, March 2nd 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/10204776/10070090c28. Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, includi

Raised Quarterly Dividend by 5% Early Redemption of All Remaining 2026 Senior Notes LONG BEACH, Calif, Nov. 04, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE:CRC) (CRC) today reported financial and operating results for the third quarter of 2025. The Company plans to host a conference call and webcast at 1 p.m. ET (10 a.m. PT) on Wednesday, November 5, 2025. Conference call details can be found within this release. Third Quarter Highlights Reported net income of $64 million, adjusted net income1 of $123 million and $338 million of adjusted EBITDAX1Generated net cash provided by operating activities of $279 million and $188 million of free cash flow1Delivered 137 thous

LONG BEACH, Calif., Oct. 03, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE:CRC) plans to release its third quarter 2025 financial results on Tuesday, November 4th after market close. The Company will hold a conference call to discuss these financial results on Wednesday, November 5th 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/10202512/ffcf85d410. Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, including up t

Highly Accretive Transaction Across Key Financial Metrics Enhances CRC's Portfolio Combination to Create a Stronger, More Efficient Leader in California Energy LONG BEACH, Calif. and DALLAS, Sept. 15, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE:CRC) ("CRC") and Berry Corporation (NASDAQ:BRY) ("Berry") jointly announced today their entry into a definitive agreement to combine in an all-stock transaction valuing Berry at approximately $717 million, inclusive of Berry's net debt1. Under the terms of the merger agreement, existing CRC shareholders are expected to own approximately 94% of the combined company upon closing. Supplemental slides have been posted to CRC's

Company Raises 2025E Production and Adjusted EBITDAX Guidance, Reduces Drilling, Completions and Workover Capital Program Returned Quarterly Record of $287 Million to Shareholders LONG BEACH, Calif., Aug. 05, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE:CRC) reported financial and operating results for the second quarter of 2025. The Company is hosting a conference call and webcast at 1 p.m. ET (10 a.m. PT) on Wednesday, August 6, 2025. Conference call details can be found within this release. Second Quarter Highlights Delivered average net production of 137 thousand barrels of oil equivalent per day (MBoe/d) (80% oil), at the high end of guidance, with drilling, com

LONG BEACH, Calif., July 07, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE:CRC) plans to release its second quarter 2025 financial results on Tuesday, August 5th after market close. The Company will hold a conference call to discuss these financial results on Wednesday, August 6th 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/10200260/ff49e72f54. Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, including up

Returned $258 Million to Stakeholders, Maintained Balance Sheet Strength, Delivered Flat Quarter-Over-Quarter Total Net Production Company Reaffirms its 2025 Production, Capital Investment and Adjusted EBITDAX Guidance LONG BEACH, Calif., May 06, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE:CRC) today reported financial and operating results for the first quarter of 2025. The Company plans to host a conference call and webcast at 1 p.m. ET (10 a.m. PT) on Wednesday, May 7, 2025. Participation details can be found within this release. Supplemental slides are available on CRC's website at www.crc.com. Highlights Reported net income of $115 million, adjusted net

LONG BEACH, Calif., April 07, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE:CRC) plans to release its first quarter 2025 financial results on Tuesday, May 6th after market close. The Company will hold a conference call to discuss these financial results on Wednesday, May 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/10197788/feb45747fc. Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, including up to and aft

Achieves Meaningful Capital Efficiency Improvements and Significant Cost Reductions Following Aera Merger LONG BEACH, Calif., March 03, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE:CRC) today reported financial and operating results for the fourth quarter and full year 2024, as well as its guidance for 2025. The Company plans to host a conference call and webcast at 1 p.m. ET (10 a.m. PT) on Monday, March 3, 2025. Participation details can be found within this release. Supplemental slides are available on CRC's website at www.crc.com. Fourth Quarter 2024 Highlights Generated $206 million of net cash flow provided by operating activities, $258 million of operating cash

LONG BEACH, Calif., Jan. 15, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE:CRC) plans to release its fourth quarter and full year 2024 financial results on Monday, March 3rd before market hours. The Company will hold a conference call to discuss these financial results on Monday, March 3rd 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/10194600/fe015c8aa0. Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, includin

LONG BEACH, Calif., Nov. 05, 2024 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE:CRC) today reported financial and operating results for the third quarter of 2024. The Company plans to host a conference call and webcast at 1 p.m. ET (10 a.m. PT) on Wednesday, November 6, 2024. Participation details can be found within this release. In addition, supplemental slides are available on CRC's website at www.crc.com. Highlights Generated $345 million of net income, $137 million of adjusted net income1 and $402 million of adjusted EBITDAX1Generated $220 million of net cash provided by operating activities, $249 million of net cash provided by operating activities before changes in op

Received Kern County Board of Supervisors' Conditional Use Permits Approval for CTV I CCS projectSigned a Brownfield MOU for up to ~1.5 MMTPA of CO2 Emissions LONG BEACH, Calif., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Carbon TerraVault Holdings, LLC (CTV), a carbon management subsidiary of California Resources Corporation (NYSE:CRC), today provided a third quarter 2024 update. The Company plans to host a conference call and webcast at 1 p.m. ET (10 a.m. PT) on Wednesday, November 6, 2024. Participation details can be found within this release. In addition, supplemental slides are available on CRC's website at www.crc.com. Highlights Received Kern County Board of Supervisors' approval of the

LONG BEACH, Calif., Oct. 07, 2024 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE:CRC) plans to release its third quarter 2024 financial results on Tuesday, November 5th after market close. The Company will hold a conference call to discuss these financial results on Wednesday, November 6th 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/10192326/fd6685ad6e. Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, including up t

Increasing quarterly dividend by 25%, enhancing cash returns to shareholders Targeting $235 million in Aera merger synergies New EPA Class VI permit application to expand Company's carbon platform, doubling Central California CO2 potential storage capacity 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

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-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, including up to and after the call start time. To participate in CRC'

CRC Committed to Shareholder Return Strategy; Returned Nearly $95 million Year to Date to Shareholders via Dividends and Share Repurchases 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 share repurchases and dividends Reported $87 million of net cash from operating activities

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 will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, including up to and after the call start time. To participate in CRC's confe

CRC Delivers Record Cash Flow and Free Cash Flow per Share Annual Results 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 operating activities and $468 million of free cash flow1 Demonstrated strong capital efficiency with lower-than-expected total capital of $185 million del

Transaction highly accretive across key 2024E financial metrics Complementary assets to significantly scale E&P business and expand leading carbon management platform California Resources Corporation (NYSE:CRC) today announced the signing of a definitive merger agreement to combine with Aera Energy, LLC (Aera) in an all-stock transaction. The transaction values Aera at approximately $2.1 billion, inclusive of Aera's net debt and certain other obligations1, and is expected to be immediately accretive. At closing, Aera's owners will receive 21.2 million shares of CRC's common stock, equal to approximately 22.9% of CRC's fully diluted shares. "This strategic transaction will create scale

California Resources Corporation (NYSE:CRC) updated select guidance ranges for the fourth quarter of 2023 in conjunction with its participation in various investor conferences later this month. CRC's fourth quarter of 2023 free cash flow1 is expected to range between $40 to $60 million primarily due to higher margins earned from natural gas marketing activities and lower investments in carbon capture and storage (CCS) related subsurface land easements. This free cash flow1 update exceeds the previously announced fourth quarter 2023 guidance range of ($5) to $30 million. Total net production for the fourth quarter of 2023 is expected to range between 82 – 84 thousand barrels of oil eq

California Resources Corporation (NYSE:CRC), an independent energy and carbon management company committed to energy transition, today reported third quarter 2023 operational and financial results. "CRC's strong third-quarter performance demonstrates the hard work of our team and the flexibility of the Company's business strategy to create value for shareholders across various fronts. Foundational to this success has been CRC's ability to generate significant free cash flow, meaningfully advance the Company's carbon management business and demonstrate our California advantage," said Francisco Leon, CRC President and Chief Executive Officer. "We are raising our dividend for the third year

California Resources Corporation (NYSE:CRC) plans to release its third quarter 2023 financial results on Wednesday, November 1st after market close. The Company will hold a conference call to discuss these financial results on Thursday, November 2nd 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/10182061/fa45058ce0. Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, including up to and after the call start time. To participate in

California Resources Corporation (NYSE:CRC), an independent energy and carbon management company committed to energy transition, today reported second quarter 2023 operational and financial results. "CRC's focus on execution drove solid operational and financial performance in the second quarter," said Francisco Leon, CRC President and Chief Executive Officer. "We returned nearly $84 million to our shareholders in the second quarter, bringing the total shareholder return program to nearly $700 million since its inception in 2021. We have accomplished this while growing our cash flow per share along with developing our carbon management business. Cash flow, carbon and California remain our

California Resources Corporation (NYSE:CRC) plans to release its second-quarter 2023 financial results on July 31st after market close. The Company will hold a conference call on Tuesday, August 1st 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/10179237/f985ba358a. Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, including up to and after the call start time. To participate in CRC's conference call, either dial (877) 328-5505 (

California Resources Corporation (NYSE:CRC), an independent energy and carbon management company committed to energy transition, today reported first quarter 2023 operational and financial results. "We're off to a great start this year with strong quarterly free cash flow driven by operational execution and natural gas markets in California, which underscores the quality of our asset portfolio and commodity diversification strategy," said Francisco Leon, President and Chief Executive Officer. "We made good progress in advancing the plan to reposition our business, reduce our costs by $25 to $50 million on an annual run-rate basis and expand our carbon management business. Our focus remain

California Resources Corporation (NYSE:CRC) announced today that it will host its first quarter 2023 financial results conference call on Tuesday, May 2nd at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time). The Company's earnings will be released the day before the conference call following the market close. We encourage participants to pre-register for the conference call using the following link: https://dpregister.com/sreg/10177066/f8cf780338. Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, including up to and after the call start time. To partici

Francisco J. Leon to Succeed Mark A. McFarland as President and Chief Executive Officer McFarland to Continue as a Non-Executive Director and Chair the Board of Carbon TerraVault, CRC's Carbon Management Business, to Oversee its Continued Growth California Resources Corporation (NYSE:CRC) ("CRC" or the "Company") announced today a strategic realignment of the Company's business operations and structure. The Company intends to reduce costs to align with activity levels, increase its financial flexibility and optimize its portfolio of assets. The Company believes that the combination of these actions will allow it to continue to strengthen shareholder returns. The Company is also reposition

California Resources Corporation Raises its Share Repurchase Program by Nearly 30% to $1.1 Billion and Meaningfully Advances its Carbon Management Business California Resources Corporation (NYSE:CRC), an independent oil and natural gas company committed to energy transition in the sector, today reported fourth quarter and full year 2022 operational and financial results. "CRC continued to deliver as we closed out 2022 with record operating cash flow which allowed us to return $372 million to shareholders. Given our positive outlook on 2023 free cash flow generation, we are increasing our Share Repurchase Program to $1.1 billion, a $250 million or nearly 30% increase, with approximately $6

California Resources Corporation (NYSE:CRC) announced today that it will host its fourth quarter and full year 2022 financial results conference call on Friday, February 24th at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time). The Company's earnings will be released the day before the conference call following the market close. We encourage participants to pre-register for the conference call using the following link: https://dpregister.com/sreg/10173792/f5508a95c0. Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, including up to and after the call start

California Resources Corporation (NYSE:CRC), an independent oil and natural gas company committed to energy transition in the sector, today reported third quarter 2022 operational and financial results. "CRC's strong financial performance, coupled with our consistent operational execution, allowed us to increase our fixed dividend by 66% and our Share Repurchase Program by an additional $200 million. Our disciplined capital allocation and shareholder return strategy demonstrate our continued commitment to our stakeholders. With these changes, CRC is on track to deliver nearly $1 billion in cumulative shareholder returns by year end 2023," said Mac McFarland, CRC's President and Chief Execu

California Resources Corporation (NYSE:CRC) announced today that it will host its third quarter 2022 financial results conference call on Thursday, November 3rd at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time). The Company's earnings will be released the day before the conference call following the market close. We encourage participants to pre-register for the conference call using the following link: https://dpregister.com/sreg/10171364/f48809c260. Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, including up to and after the call start time. To par

California Resources Corporation (NYSE:CRC), an independent oil and natural gas company committed to energy transition in the sector, today announced the formation of a joint venture (the "JV") with Brookfield Renewable ("Brookfield"), creating a carbon management partnership focused on carbon capture and sequestration ("CCS") development and reported second quarter 2022 operational and financial results. Brookfield has committed an initial $500 million to invest in CCS projects that are jointly approved through the JV. The investment from Brookfield will be allocated through the Brookfield Global Transition Fund ("BGTF"), the world's largest fund dedicated to facilitating the global trans

California Resources Corporation (NYSE:CRC) announced today that it will host its second quarter 2022 financial results conference call on Thursday, August 4th at 12:00 p.m. Eastern Time (9:00 a.m. Pacific Time). The Company's earnings will be released before market open on the same date. We encourage participants to pre-register for the conference call using the following link: https://dpregister.com/sreg/10167707/f307b93bd1. Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, including up to and after the call start time. To participate in CRC's conferenc

California Resources Corporation (NYSE:CRC), an independent oil and natural gas company committed to energy transition in the sector, today reported first quarter 2022 operational and financial results. "CRC began 2022 on a good note as we continued to deliver strong operational results. Given our continued robust free cash flow generation and pristine balance sheet, we are increasing our share repurchase program by $300 million to $650 million in total, adding one drilling rig at our Wilmington Field and raising our full year guidance," said Mac McFarland, President and Chief Executive Officer. Mr. McFarland continued, "We are further advancing our energy transition efforts by filing add

California Resources Corporation (NYSE:CRC) announced today that it will host its first quarter 2022 financial results conference call on Thursday, May 5th at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time). The Company's earnings will be released before market open on the same date. We encourage participants to pre-register for the conference call using the following link: https://dpregister.com/sreg/10164563/f1eff7c58f. Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, including up to and after the call start time. To participate in CRC's conference ca

California Resources Corporation (NYSE:CRC), an independent oil and natural gas company committed to energy transition in the sector, today reported fourth quarter and full year 2021 operational and financial results. "2021 was a transformative year for CRC. We optimized our portfolio, maintained operational excellence, generated record free cash flow and advanced our Carbon Management Business," said Mac McFarland, President and Chief Executive Officer. "Our strong execution throughout the year and excellent financial results have allowed us to continue to demonstrate our commitment to shareholder returns. I am pleased to announce that the Board has authorized a $100 million, or 40%, incr

California Resources Corporation (NYSE:CRC) announced today that it will host its fourth quarter and full year 2021 financial results conference call on Thursday, February 24th at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time). The Company's earnings will be released before market open on the same date. We encourage participants to pre-register for the conference call using the following link https://dpregister.com/sreg/10162383/f019f7b40d. Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, including up to and after the call start time. To participate in

California Resources Corporation (NYSE:CRC), an independent oil and natural gas company committed to energy transition in the sector, today reported third quarter 2021 operational and financial results. "Third quarter results continued to reflect strong operational performance and represented our best quarter this year in terms of free cash flow generation. These financial results enabled CRC to further enhance our shareholder return strategy by initiating a quarterly cash dividend. Additionally, we tightened our full year free cash flow guidance toward the high end of the range to $460 to $510 million," said Mac McFarland, President and Chief Executive Officer. "Given the strength of our

California Resources Corporation (NYSE:CRC) announced today that it will host its third quarter 2021 financial results conference call on Thursday, November 11th at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time). The Company's earnings will be released before the market open on the same date. We encourage participants to pre-register for the conference call using the following link https://dpregister.com/sreg/10160036/ed00623af0. Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, including up to and after the call start time. To participate in CRC's conf

California Resources Corporation (NYSE:CRC), an independent oil and natural gas company committed to energy transition in the sector, today reported second quarter 2021 operational and financial results. "CRC continued to deliver on its strategy with strong second quarter results driven by robust financial and operational performance, resulting in an increase in 2021 free cash flow1 guidance to $400 to $500 million. Given our financial strength and low stock valuation relative to fundamentals, we are increasing our Share Repurchase Program from $150 million to $250 million," said Mac McFarland, President and Chief Executive Officer. "I am also pleased to announce an acquisition of the 90%