California Resources (CRC) Sells Uinta Assets for $90 Million
California Resources Corporation (CRC) has announced the sale of its non-core Uinta Basin assets for $90 million in cash. This strategic move aims to sharpen the company's focus on its California operations, enhance capital allocation flexibility, and support shareholder returns. The proceeds will also help offset the cost of its recent Crimson Midstream acquisition.
A deal for about $90 million would sharpen California Resources' focus on California.
California Resources Corporation (CRC) has announced the sale of its non-core Uinta Basin assets for approximately $90 million in cash to an undisclosed buyer. This divestiture allows CRC to sharpen its focus on its California operations, enhance capital allocation flexibility, and support its shareholder return strategy. The transaction, effective July 1, 2026, is expected to close by year-end and the proceeds will be used for shareholder returns and other corporate purposes.
California Resources Corporation Announces Divestiture of Uinta Basin Assets
California Resources Corporation (CRC) announced the divestiture of its Uinta Basin assets for approximately $90 million to an undisclosed buyer. This transaction allows CRC to sharpen its focus on its California operations, generate additional value from non-core assets acquired through the Berry merger, and provides capital allocation flexibility for higher-return opportunities and shareholder returns. The sale is expected to close by year-end 2026.
California Resources Delivered About 4.6 Billion Gallons of Reclaimed Water
California Resources Corporation (NYSE: CRC) released its 2025 Sustainability Report Update, detailing significant progress in responsible energy production and carbon management. The report highlights a 25% reduction in Scope 1 and 2 greenhouse gas emissions since 2020 and the completion of CTV I, California’s first commercial carbon capture and storage facility. Additionally, CRC delivered approximately 4.6 billion gallons of treated reclaimed water to local districts in 2025 and invested nearly $10 million in methane detection and abatement.
What Is California Resources (CRC) Building With Its Midstream Deal And Carbon Push?
California Resources Corporation (CRC) has acquired Crimson Midstream Holdings and announced new carbon capture projects in its 2025 Sustainability Update. These strategic moves aim to reinforce CRC's position as an integrated energy and carbon management business, expanding its infrastructure footprint and supporting long-term carbon management in California. The company's focus on high-margin carbon services and CO2 transportation, however, also highlights regulatory and execution risks for investors.
California’s Oil Pipeline Paradox: More Critical, Less Valuable
California Resources Corporation (CRC) recently closed its Crimson Deal, yet the value of oil pipelines in California appears to be decreasing despite their critical role. The article, by Sandy Segrist, highlights this paradox and provides context on CRC's extensive hydrocarbon exploration activities across various California basins.
Press Release: California Resources Corporation Completes Acquisition of Crimson
California Resources Corporation has successfully completed its acquisition of Crimson, a transaction that expands its infrastructure, particularly its energy infrastructure, and storage capabilities. This strategic move is expected to enhance CRC's position in the energy sector.
California Resources Corporation Completes Acquisition of Crimson
California Resources Corporation (CRC) has completed the all-cash acquisition of Crimson Midstream Holdings, LLC for approximately $63 million. This strategic acquisition enhances CRC's ability to efficiently deliver California-produced oil to markets and provides options for future CO2 transportation development. CRC also provided updated third-quarter 2026 guidance reflecting the financial impact of the acquisition.
California Resources Corporation Completes Acquisition of Crimson
California Resources Corporation (CRC) has completed the all-cash acquisition of Crimson Midstream Holdings, LLC for approximately $63 million. This acquisition, approved by the California Public Utilities Commission, strengthens CRC's integrated energy platform by enhancing its ability to deliver California-produced barrels to markets and increasing operational flexibility. Additionally, Crimson's pipeline corridors will support CRC's longer-term development of CO2 transportation across California.
California Resources Corporation Closes $63 Million Acquisition of Crimson Midstream Holdings
California Resources Corporation (CRC) has completed the $63 million acquisition of Crimson Midstream Holdings from CorEnergy Infrastructure Trust, Inc., approved by the California Public Utilities Commission. This acquisition enhances CRC's integrated energy portfolio, boosting operational flexibility and securing efficient delivery of locally produced oil. The company also announced plans to update its full-year 2026 guidance with its third-quarter earnings release, emphasizing its commitment to responsible energy development and carbon management through its Carbon TerraVault business.
How Did California Resources (NYSE:CRC) And Upstream Peers Perform?
This article analyzes the recent performance of California Resources (NYSE:CRC) and several of its upstream energy peers, highlighting how their reporting periods topped expectations. While revenue trends were generally solid across the group, profitability measures and share price reactions varied, indicating that the market considers a nuanced view beyond headline figures. Granite Ridge Resources delivered the strongest results, while Peabody Energy faced the softest, despite positive stock movement in some cases.
Driving California's Energy Future: California Resources Corporation Releases 2025 Sustainability Update
California Resources Corporation (CRC) has published its 2025 Sustainability Report Update, showcasing progress in responsible energy production, expansion of its Carbon TerraVault (CTV) carbon management platform, and advancement of innovative solutions for California's energy needs. Key highlights include a 25% reduction in Scope 1 and 2 GHG emissions since 2020, the completion of California's first commercial CCS facility (CTV I), and significant investments in water stewardship and community programs. CRC emphasizes its commitment to strengthening California's energy security while supporting the state's climate ambitions.
Behavioral Patterns of CRC and Institutional Flows
This article analyzes the behavioral patterns and institutional flows for California Resources Corporation (NYSE: CRC), providing neutral near and mid-term readings but a positive long-term bias. It highlights support and resistance levels, an exceptional risk-reward setup, and offers three distinct AI-generated trading strategies for different risk profiles. The analysis also includes a multi-timeframe signal breakdown for the stock.
California green-lights oil company acquisition of struggling pipeline system
The California Public Utilities Commission has approved California Resources Corporation's acquisition of the San Pablo Bay Pipeline and Crimson California Pipeline companies. This acquisition is significant as the San Pablo Bay Pipeline has been idle, causing concern among the state's oil industry leaders. The move aims to revive a critical oil transportation system connecting oil fields to refineries in California.
California Resources Corp (CRC) EVP sells 11,907 shares under 10b5-1 plan
California Resources Corp's EVP & Chief Commercial Officer, Jay A. Bys, sold 11,907 shares of common stock at $54.00 per share on August 10, 2026. This transaction was executed automatically under a pre-arranged Rule 10b5-1 trading plan adopted on March 5, 2026. Following the sale, Bys directly holds 147,517 shares of the company.
Y Intercept Hong Kong Ltd Takes Position in California Resources Corporation $CRC
Y Intercept Hong Kong Ltd has acquired 76,082 shares of California Resources Corporation (CRC) for approximately $4.02 million, representing a 0.09% stake. This move comes as California Resources reports strong revenue growth but misses EPS estimates and plans to expand its midstream operations with a $63 million acquisition. Analysts currently maintain a "Moderate Buy" rating for CRC with an average price target of $72.55.
California Resources Corporation purchases major oil pipeline
California Resources Corporation (CRC) has acquired approximately 2,000 miles of pipeline infrastructure from CorEnergy Infrastructure Trust, Inc. for $63 million. This purchase, expected to close in Q3, will reopen a pipeline between Kern County and the Bay Area, allowing CRC to transfer about 400,000 barrels of oil per day. The move strengthens CRC's position as a leading integrated infrastructure energy platform in California and enhances its ability to deliver oil to high-value markets.
California Resources Corp Earnings Call Highlights Efficiency
California Resources Corp (CRC) recently held its Q2 earnings call, striking an optimistic tone with highlights on strong operational execution, faster-than-expected cost synergies, and growing momentum in midstream and carbon projects. Despite temporary takeaway constraints and weaker near-term price realizations impacting quarterly results, management emphasized improving cash flow, a stronger balance sheet, and long-term growth initiatives. The company reported robust production, solid financial performance, and significant progress in synergy capture and structural cost savings, while also advancing midstream expansion and carbon management projects.
California Resources Corporation Reports Second Quarter 2026 Financial and Operating Results
California Resources Corporation (CRC) announced its second-quarter 2026 financial and operating results, highlighting a net income of $514 million and adjusted EBITDAX of $338 million. The company strengthened its energy platform through the acquisition of Crimson Midstream Holdings, LLC for $63 million and reduced its long-term maintenance capital outlook. CRC also initiated the Golden Valley Technology Hub project and achieved CO2 injection and revenue at its Carbon TerraVault I project, reinforcing its commitment to California's energy transition.
California is burying carbon in an oil field before its rules are finished
California's first commercial carbon storage project at Elk Hills has begun operating, injecting carbon dioxide underground, despite the state not having finalized its required regulatory rules. This project, led by California Resources Corp. (CRC), could receive billions in public incentives, but raises concerns among environmentalists and experts about responsibility if something goes wrong, particularly given the historical drilling in the oil field and the lack of comprehensive state oversight. The state's Air Resources Board attributes the delay in rule-making to staffing issues, while critics argue the current framework relies too heavily on companies policing themselves and doesn't adequately address potential risks or verify monitoring efforts.
California Resources Corporation (NYSE:CRC) Receives Consensus Recommendation of "Moderate Buy" from Brokerages
Brokerages have given California Resources Corporation (NYSE:CRC) a "Moderate Buy" consensus recommendation, with an average 12-month price target of $73.09. Despite a Q2 revenue surge of 33% year-over-year, the company missed adjusted EPS estimates. California Resources is expanding its infrastructure through an acquisition, reaffirmed its 2026 capital guidance, and declared a quarterly dividend.
CRC to acquire Crimson Midstream’s California pipeline platform
California Resources Corp. (CRC) is set to acquire Crimson Midstream Holdings LLC for $63 million, significantly expanding its California midstream infrastructure by approximately 2,000 miles of pipeline with a capacity of up to 400,000 b/d. This acquisition is part of CRC's strategy to bolster its long-term operations, efficiently deliver California-produced crude oil to markets, and become an integrated energy venture. The deal, expected to close in Q3 2026, builds on a previous midstream expansion earlier this year, adding to CRC's efforts to capitalize on an improving California energy market.
As Carbon Capture Gains Momentum, New Report Raises Consumer Concerns
A new report by Consumer Watchdog criticizes California's push for Carbon Capture and Storage (CCS) programs, calling them a "multi-billion-dollar boondoggle" that benefits oil producers like California Resources Corporation (CRC) at public and environmental expense. The report argues that CCS overpromises on carbon reduction, is reliant on federal tax credits, and deflects from the more effective strategy of transitioning to renewables and improving energy efficiency. It highlights concerns about the safety of CO2 pipelines and the potential for CCS to encourage continued fossil fuel reliance rather than true decarbonization.
Earnings Flash (CRC) California Resources Corporation Posts Q2 Adjusted EPS $0.99 per Share, Vs. FactSet Est of $1.36
California Resources Corporation (CRC) reported its Q2 adjusted EPS of $0.99 per share, which fell short of FactSet's estimate of $1.36 per share. This financial update provides key performance indicators for the company during the second quarter.
California Resources Corporation Reports Second Quarter 2026 Financial and Operating Results
California Resources Corporation (CRC) reported strong financial and operational results for Q2 2026, including $514 million in net income and $114 million in free cash flow, along with a strategic acquisition of Crimson Midstream Holdings, LLC. The company also improved its long-term maintenance capital outlook, optimized its capital structure, and advanced its Golden Valley Technology Hub project and Carbon TerraVault I CCS project. CRC reaffirmed its full-year 2026 guidance, expecting continued production growth and shareholder returns.
California Resources Corporation Expands Integrated California Energy Infrastructure Platform Through Strategic Midstream Acquisition
California Resources Corporation (CRC) has announced an agreement to acquire Crimson Midstream Holdings, LLC for $63 million, aiming to strengthen its integrated California energy infrastructure platform. This acquisition includes approximately 2,000 miles of pipeline infrastructure, enhancing CRC's ability to transport crude oil efficiently and increasing market access for California producers. The transaction is expected to close in the third quarter of 2026, improving CRC's financial metrics and supporting local energy production and jobs.
California Resources plans to add about 2,000 miles of pipelines
California Resources Corporation (NYSE: CRC) announced its agreement to acquire Crimson Midstream Holdings for $63 million in cash, which will add approximately 2,000 miles of pipelines to its infrastructure. This acquisition is expected to enhance CRC's integrated California energy platform by improving crude transport, market connectivity, and third-party transportation opportunities. The deal, valued at about 4.4x enterprise value / 2027E adjusted EBITDA, is anticipated to close in the third quarter of 2026 and be accretive to CRC's key financial metrics.
California Resources Corporation Announces Q2 2026 Financial Results in 8-K Filing
California Resources Corporation has filed a Form 8-K with the U.S. Securities and Exchange Commission, announcing its financial results for the three and six months ending June 30, 2026. The article indicates that full details are available upon login or registration.
California Resources Plans $63M Purchase of California Pipeline Assets
California Resources Corporation (CRC) reported a strong Q2 2026 with $514 million net income and $114 million free cash flow, reaffirming its full-year 2026 guidance. The company announced the acquisition of Crimson Midstream for $63 million to expand its California pipeline assets and achieved annualized Berry merger synergies six months ahead of schedule. CRC also optimized its capital structure by refinancing debt and increased its quarterly dividend to $0.405 per share.
California Resources Corporation (CRC) Q2 Earnings Lag Estimates
California Resources Corporation (CRC) reported Q2 earnings of $0.99 per share, missing the Zacks Consensus Estimate of $1.31 and representing a 24.43% surprise. Despite the earnings miss, the company's revenues of $1.06 billion surpassed estimates by 7.83%. The stock currently holds a Zacks Rank #5 (Strong Sell) due to an unfavorable estimate revisions trend, indicating potential underperformance in the near future.
Pacer Advisors Inc. Lowers Position in California Resources Corporation $CRC
Pacer Advisors Inc. reduced its stake in California Resources Corporation (NYSE:CRC) by 33.8% in the first quarter, selling 179,978 shares and retaining 352,386 shares valued at approximately $24.4 million. Despite this, institutional investors still own 97.79% of CRC, and analysts maintain a "Moderate Buy" consensus rating with an average price target of $73.09. The company's recent earnings reported $0.88 EPS, meeting expectations, though quarterly revenue saw an 87% year-over-year decline to $119 million.
Empowered Funds LLC Trims Stock Position in California Resources Corporation $CRC
Empowered Funds LLC reduced its stake in California Resources Corporation (NYSE:CRC) by 30.4% in the first quarter, selling 30,600 shares and retaining 70,031 shares valued at approximately $4.85 million. Despite this, institutional investors collectively own 97.79% of CRC. The company reported quarterly EPS of $0.88, meeting estimates, but revenue saw a significant year-over-year decline, and it announced a quarterly dividend of $0.405 per share.
California Resources Corporation (CRC) Reports Next Week: Wall Street Expects Earnings Growth
Wall Street anticipates year-over-year earnings growth for California Resources Corporation (CRC) in its upcoming quarterly report for June 2026, with an expected release on August 10. While the company is projected to post earnings of $1.31 per share on $979.33 million in revenue, a recent 43.34% downward revision in EPS estimates, combined with a Zacks Rank #5, makes it difficult to definitively predict an earnings beat. Investors are advised to consider other factors beyond just earnings surprises.
Sei Investments Co. Acquires 48,997 Shares of California Resources Corporation $CRC
Sei Investments Co. increased its stake in California Resources Corporation (NYSE: CRC) by 45% in the first quarter, acquiring an additional 48,997 shares, bringing its total holdings to 157,798 shares valued at $10.9 million. Institutional investors now own 97.79% of the company. Despite a "Moderate Buy" consensus from analysts, several firms have lowered their price targets, and Zacks downgraded the stock to a "Strong Sell," while the company reported an in-line EPS of $0.88 but an 87% year-over-year revenue decline.
BlackRock (CRC investor) discloses 11.6M-share, 13% holding in CRC
BlackRock, Inc. has filed an amended Schedule 13G, revealing a 13.0% passive ownership stake in California Resources Corporation, totaling 11,576,596 shares. BlackRock holds sole voting power over 11,477,968 shares and sole dispositive power over all 11,576,596 shares. The filing also indicates that its affiliated fund, iShares Core S&P Small-Cap ETF, has an interest exceeding five percent in CRC common stock.
Arrowstreet Capital Limited Partnership Buys New Stake in California Resources Corporation $CRC
Arrowstreet Capital Limited Partnership acquired a new stake in California Resources Corporation (NYSE:CRC), purchasing 905,777 shares valued at approximately $62.7 million, representing about 1.02% of the company. Institutional investors collectively own 97.79% of CRC, and analysts have a "Moderate Buy" consensus rating with an average price target of $73.09. Despite recent downgrades and an 87% year-over-year revenue drop, the company maintains a quarterly dividend of $0.405 per share.
CRC|California Resources Corp|Price:53.470|Chg%:-0.790
California Resources Corp's fundamentals are stable with high growth potential, and its valuation is considered fair, ranking 24th in the Oil & Gas industry. Analysts have rated the stock as a Buy with a target price of $78.00, suggesting a 46.31% upside. Despite high institutional ownership, the stock price is expected to trend down in the medium term, currently trading sideways between support and resistance levels.
Barclays Remains a Buy on California Resources Corp (CRC)
Barclays analyst Betty Jiang maintained a Buy rating for California Resources Corp (CRC) with an $80.00 price target. This rating contributes to a Strong Buy consensus among analysts, despite recent negative insider sentiment indicated by increased selling of shares. The company recently reported a quarterly revenue of $967 million and a GAAP net loss of $711 million.
Barclays Remains a Buy on California Resources Corp (CRC)
Barclays analyst Betty Jiang maintained a Buy rating on California Resources Corp (CRC) with a price target of $80.00. Despite a strong buy consensus among analysts, corporate insider sentiment for CRC is negative, with recent insider selling. The company reported increased revenue but a net loss in its latest quarterly earnings.
Analysts’ Top Energy Picks: California Resources Corp (CRC), National Atomic Company Kazatomprom JSC GDR RegS (NATKY)
The article highlights bullish sentiments from analysts on two energy companies: California Resources Corp (CRC) and National Atomic Company Kazatomprom JSC GDR RegS (NATKY). Leo Mariani of Roth MKM maintained a Buy rating on California Resources Corp with a target of $72.00, while Alexander Pearce of BMO Capital maintained a Buy rating on National Atomic Company Kazatomprom with a $90.00 price target. The analyst consensus for CRC is a Strong Buy with an average price target of $77.33, and for NATKY is a Moderate Buy with a target of $90.00.
J.P. Morgan Sticks to Their Buy Rating for California Resources Corp (CRC)
J.P. Morgan has reiterated a Buy rating for California Resources Corp (CRC) with a price target of $77.00. Analyst Arun Jayaram, known for his success in the Energy sector, made the recommendation based on the company's Q1 earnings, which showed increased revenue but a net loss, and negative insider sentiment despite a Strong Buy consensus among analysts. The stock also saw a significant insider share sale in May 2026 by EVP Michael L Preston.
California Resources (CRC) EVP sells shares under Rule 10b5-1 trading plan
Jay A. Bys, EVP & Chief Commercial Officer of California Resources Corp (CRC), sold 11,907 shares of common stock at $54.00 per share on July 13, 2026, through a pre-arranged Rule 10b5-1 trading plan adopted on March 5, 2026. Following this transaction, Bys directly holds 159,424 shares. The sale amounted to $642,978 and was reported as an open-market transaction.
California Resources Corporation Files Form 8-K for July 14, 2026 – Key Financial Highlights and Corporate Information
California Resources Corporation (CRC) filed an 8-K revealing preliminary Q2 2026 results, highlighted by significant commodity derivative losses totaling $190 million. These losses, especially from oil price hedging in a rising market, could negatively impact profitability and shareholder value. Investors are advised to watch for potential share price volatility and scrutinize CRC's hedging strategy as the preliminary results are unaudited and subject to change.
California Resources Corporation Reports Q2 2026 Realized Oil Prices and $190 Million Loss from Commodity Derivatives
California Resources Corporation announced preliminary Q2 2026 results, indicating that its realized oil price after derivative settlements was significantly lower than benchmark prices. The company also anticipates a net derivative loss of $190 million for the quarter. These figures provide an early look into its financial performance, which will be closely watched by energy sector investors.
[144] California Resources Corp SEC Filing
Jay A. Bys has filed a Form 144 to potentially sell 11,907 shares of California Resources Corp (CRC) common stock, valued at $642,978.00, through Fidelity Brokerage Services LLC on or after July 13, 2026. The shares originated from restricted stock vesting events, and this filing follows a recent sale reported in the past three months. The filing details the acquisition dates of the shares and a previous sale on June 4, 2026.
California Resources Corp (CRC) Gets a Buy from Wells Fargo
Wells Fargo analyst Sam Margolin maintained a Buy rating on California Resources Corp (CRC) with a price target of $76.00, while the overall Street consensus is a Strong Buy with an average target of $78.89. The company recently reported a quarterly revenue of $967 million and a GAAP net loss of $711 million. Despite the positive analyst rating, corporate insider sentiment for CRC is negative, with an increase in insider selling over the past quarter.
California Resources Corp (CRC) Gets a Buy from Wells Fargo
Wells Fargo analyst Sam Margolin maintained a Buy rating on California Resources Corp (CRC) with a price target of $76.00. This recommendation comes amidst a "Strong Buy" consensus from other analysts, with an average price target of $78.89. Despite positive analyst sentiment, corporate insider activity shows a negative trend, with increased selling of shares by insiders in the last quarter.
California Resources Corporation Schedules Second Quarter 2026 Earnings Conference Call
California Resources Corporation (CRC) announced it will release its second-quarter 2026 financial results on Monday, August 10th, before market hours. The company will host a conference call on the same day at 1:00 p.m. Eastern Time to discuss these results. Participants are encouraged to pre-register for seamless access to the call.
California Resources (CRC) Completes $550 Million Debt Refinancing With New 2035 Notes
California Resources (NYSE:CRC) has successfully refinanced $550 million of its debt by issuing new 7.250% senior unsecured notes due 2035, using the proceeds to redeem existing 8.250% notes due 2029. This move extends their debt maturity profile by approximately six years and aims to reduce ongoing interest expenses. While analysts note the company still has a high debt level, this refinancing is seen as a step towards better financial flexibility and cost control.
California Resources Corporation sets Q2 2026 earnings call for August 10
California Resources Corporation (CRC) announced it will release its Q2 2026 financial results on August 10, 2026, before market open. The company will host a conference call on the same day at 1:00 p.m. ET to discuss the results, with pre-registration available for participants. A webcast and a 90-day digital replay of the call will be accessible on CRC's website.
