CRC news

California Resources Corp reported a net loss for Q3 2026 but exceeded adjusted EBITDAX guidance and delivered free cash flow. The company also announced the sale of Uinta Basin assets and completed the acquisition of Crimson Midstream.

California Resources Corporation reported Q2 2026 net income of $514 million and generated $87 million of free cash flow. The company announced a $63 million acquisition of Crimson Midstream as well as a $450 million to $475 million capital expenditure plan.

California Resources Corporation announced pricing of $550 million in 7.250% senior unsecured notes due 2035, with net proceeds of approximately $541 million expected. The company intends to use proceeds to redeem all $550 million of its 2029 notes at 104.125% plus accrued interest.

California Resources Corporation announced a private offering of $550 million in senior unsecured notes to fund redemption of its $550 million 8.250% notes due 2029. The refinancing targets qualified institutional buyers and non-U.S. investors under Rule 144A and Regulation S.