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California Resources (CRC) - 2025 Q1 - Quarterly Report
2025-05-07 20:30
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission file number 001-36478 California Resources Corporation (Exact name of registrant as specified in its charter) (State or other juris ...
California Resources (CRC) - 2025 Q1 - Earnings Call Transcript
2025-05-07 18:02
California Resources (CRC) Q1 2025 Earnings Call May 07, 2025 01:00 PM ET Company Participants Joanna Park - Vice President of Investor Relations, TreasurerFrancisco Leon - President, Chief Executive OfficerClio Crespy - Executive VP & Chief Financial OfficerScott Hanold - Managing Director - Energy ResearchJosh Silverstein - Managing DirectorDavid Deckelbaum - Managing Director: Sustainability & Energy TransitionOmar Hayat - Executive VP & Chief Operating OfficerNate Pendleton - Vice PresidentNoel Parks - ...
California Resources (CRC) - 2025 Q1 - Earnings Call Transcript
2025-05-07 18:00
California Resources (CRC) Q1 2025 Earnings Call May 07, 2025 01:00 PM ET Speaker0 Good day, and welcome to the California Resources Corporation First Quarter twenty twenty five Conference Call. All participants will be in listen only mode. Please note this event is being recorded. I would now like to turn the conference over to Joanna Park, Vice President of Investor Relations and Treasurer. Please go ahead. Speaker1 Good morning, and welcome to California Resources Corporation's first quarter twenty twent ...
California Resources (CRC) - 2025 Q1 - Earnings Call Presentation
2025-05-07 11:05
3. BALANCE SHEET & HEDGE BOOK STRENGTH REDUCE 2025 RISK ~70% of remaining 2025E net production hedged at a floor price of ~$67/bbl Brent drives cash flow stability Integrated strategy provides revenue diversification (power and natural gas marketing with CMB in development) Strengthened financial position – 0.7x 2025E Net Leverage*, 4: redeemed $123MM of 2026 Senior Notes in February 2025, targeting to address the balance in 2025 See slide 25 for "Assumptions, Estimates and Endnotes". 2 First Quarter 2025 R ...
California Resources Corporation (CRC) Surpasses Q1 Earnings and Revenue Estimates
ZACKS· 2025-05-06 23:00
California Resources Corporation (CRC) came out with quarterly earnings of $1.07 per share, beating the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $0.75 per share a year ago. These figures are adjusted for non-recurring items. While California Resources has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address ...
California Resources (CRC) - 2025 Q1 - Quarterly Results
2025-05-06 20:45
California Resources Reports First Quarter 2025 Financial and Operating Results 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, California, May 6, 2025 - 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 web ...
California Resources Reports First Quarter 2025 Financial and Operating Results
GlobeNewswire· 2025-05-06 20:31
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. Particip ...
Carbon TerraVault Provides First Quarter 2025 Update
GlobeNewswire News Room· 2025-05-06 20:30
On Track to Inject CO2 at California's First CCS Project by Year-End LONG BEACH, Calif., May 06, 2025 (GLOBE NEWSWIRE) -- Carbon TerraVault Holdings, LLC (CTV), a carbon management subsidiary of California Resources Corporation (NYSE: CRC), provided an update on its first quarter 2025 operations. California Resources Corporation (NYSE: CRC) conducts its carbon management business through CTV which pursues carbon capture and sequestration (CCS) projects that are directly sited or within close proximity to si ...
California Resources Corporation (CRC) Earnings Expected to Grow: Should You Buy?
ZACKS· 2025-04-29 15:07
California Resources Corporation (CRC) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be rel ...
Canter Appoints Warwick Smith as Executive Chairman
Newsfile· 2025-04-15 11:00
Vancouver, British Columbia--(Newsfile Corp. - April 15, 2025) - Canter Resources Corp. (CSE: CRC) (OTC Pink: CNRCF) (FSE: 6O1) ("Canter" or the "Company") is pleased to announce the appointment of Warwick Smith as Executive Chairman of the Board of Directors, effective immediately. Mr. Smith brings more than 25 years of leadership experience in corporate finance and mergers and acquisitions (M&A). His proven track record of successful deal-making and value creation aligns well with Canter's current focus a ...