CRC Stock Recent News

LONG BEACH, Calif.--(BUSINESS WIRE)-- #CCS--California Resources Corporation (NYSE: CRC), an independent energy and carbon management company, today announced the launch of its Carbon TerraVault I (CTV I) Elk Hills Community Benefits Plan (CBP) in Kern County, California. CRC conducts its carbon management business through Carbon TerraVault and its subsidiaries, which pursue carbon capture and sequestration (CCS) projects that are directly sited or within proximity to significant sources of carbon dio.

LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) (the “Company”) today announced the early tender results in respect of the previously announced cash tender offer (the “Tender Offer”) to purchase up to $300 million aggregate principal amount of its outstanding 7.125% senior notes due 2026 (the “2026 Notes”) upon the terms and conditions described in the Company's Offer to Purchase, dated August 8, 2024, as amended (the “Offer to Purchase”). Early Tender Results.

Last month, California Resources Corp CRC completed its all-stock merger with Aera Energy, in a deal valued at $2.1 billion.

LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) (the “Company”) previously announced the commencement of a cash tender offer (the “Tender Offer”) to purchase up to $200 million aggregate principal amount of its outstanding 7.125% senior notes due 2026 (the “2026 Notes”). The Company hereby amends the Tender Offer to purchase for cash up to $300 million aggregate principal amount of the 2026 Notes (as such aggregate principal amount may be increased or decreased.

LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) (the “Company”) announced today the pricing of an upsized private offering of $300 million in aggregate principal amount of its 8.250% senior unsecured notes due 2029 (the “Notes”). The offering size was increased from the previously announced $200 million aggregate principal amount. The Notes were priced at 101% of par, plus accrued and unpaid interest from June 5, 2024. The Notes will mature on June 15, 2029, pa.

California Resources Corporation (NYSE:CRC ) Q2 2024 Earnings Conference Call August 7, 2024 1:00 PM ET Company Participants Joanna Park - Vice President, Investor Relations & Treasurer Francisco Leon - Chief Executive Officer Nelly Molina - Chief Financial Officer Jay Bys - Executive Vice President & Chief Commercial Officer Conference Call Participants Scott Hanold - RBC Kalei Akamine - Bank of America Betty Jiang - Barclays Scott Gruber - Citigroup Kevin MacCurdy - Pickering Energy Partners David Deckelbaum - TD Cowen Leo Mariani - ROTH Noel Parks - Tuohy Brothers Investment Research Operator Good day, and welcome to the California Resources Corporation Second Quarter 2024 Earnings Conference Call. All participants will be in a listen-only mode.

IPGP, CRC and CUYTY have been added to the Zacks Rank #5 (Strong Sell) List on August 7, 2024.

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.

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.

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.