Core Viewpoint - California Resources Corporation (CRC) is set to release its fourth quarter and full year 2025 financial results on March 2, 2026, before market hours, followed by a conference call to discuss these results [1]. Group 1: Financial Results Announcement - CRC will announce its financial results for Q4 and the full year of 2025 on March 2, 2026 [1]. - A conference call to discuss these results is scheduled for March 2 at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time) [1]. Group 2: Conference Call Participation - Participants are encouraged to pre-register for the conference call via a provided link, which allows them to gain immediate access and bypass the live operator [2]. - The conference call can be accessed by dialing (877) 328-5505 for domestic callers or +1-412-317-5421 for international callers, or through a webcast on the company's website [3]. - A digital replay of the conference call will be available for approximately 90 days on the Investor Relations page of the company's website [3]. Group 3: Company Overview - California Resources Corporation is an independent energy and carbon management company focused on energy transition and environmental stewardship [4]. - The company aims to maximize the value of its land and mineral ownership while developing carbon capture and storage (CCS) and other emissions-reducing projects [4].

Core Insights - The partnership between California Resources Corporation (CRC) and the Los Angeles Rams, titled "Football Without the Footprint," aims to reduce and offset the team's carbon emissions while providing local environmental and community benefits [1][2]. Group 1: Partnership Achievements - In 2025, CRC analyzed the Rams' energy use and travel-related emissions, developing a portfolio of high-integrity environmental products to offset the team's carbon footprint [2]. - The Rams became the first NFL team in California to purchase locally sourced carbon credits, marking a significant milestone in the partnership [2]. - Key accomplishments from the first year include engaging fans and local communities to raise awareness of carbon management and promoting a sustainable energy future [3]. Group 2: Environmental Impact - CRC delivered MiQ-certified low-carbon crude oil certificates equivalent to the jet fuel consumed by the Rams for away-game travel, with a carbon intensity 54% lower than the California average [6]. - MiQ-certified low-carbon natural gas certificates were provided for the team's facility consumption, achieving the highest Grade A rating for methane intensity [6]. - Carbon credits from an industrial emissions avoidance project in Huntington Beach were evaluated by BeZero Carbon and received an "A.pre" rating, indicating high integrity [6]. - Credits sourced from a forestry project benefiting the Colorado River Basin support local ecosystems and drinking water supply for Southern California [6]. Group 3: Company Overview - California Resources Corporation (CRC) is an independent energy and carbon management company focused on energy transition and environmental stewardship [5]. - CRC aims to maximize the value of its land and mineral ownership while developing carbon capture and storage (CCS) projects to reduce emissions [5][7].

Core Viewpoint - Sourcerock Group has significantly increased its stake in California Resources Corporation, indicating strong confidence in the company's long-term potential despite recent stock performance [1][2][10]. Group 1: Investment Activity - Sourcerock Group added 1.18 million shares of California Resources Corporation, raising its total holdings to 3.18 million shares, valued at $169.14 million as of September 30 [2][3]. - The increase in stake represents 11.5% of Sourcerock's 13F assets under management [3][8]. Group 2: Company Financials - California Resources Corporation reported a revenue of $3.51 billion and a net income of $384 million for the trailing twelve months [4]. - The company generated $279 million in operating cash flow and $188 million in free cash flow in the third quarter, with capital expenditures of only $91 million [10][11]. - The quarterly dividend was raised by 5% to $0.405 per share, and the company has approximately $1.15 billion in liquidity [11]. Group 3: Business Model and Market Position - California Resources Corporation operates as an independent energy company focused on oil and gas extraction, processing, and marketing, while also generating electricity [6][9]. - The company serves the California market, leveraging its integrated infrastructure to meet local demand and navigate regulatory dynamics [6][9].

Group 1: Company Overview - California Resources Corporation (NYSE:CRC) is recognized as one of the best affordable stocks to buy according to analysts [1] - The company focuses on oil and natural gas exploration, development, and production, primarily in California's San Joaquin, Los Angeles, and Sacramento basins [4] Group 2: Analyst Ratings and Price Targets - Emma Schwartz from Jefferies reiterated a Buy rating on CRC but lowered the price target from $71 to $68 [1] - Josh Silverstein from UBS also maintained a Buy rating while reducing the price target from $68 to $64 [1] Group 3: Industry Outlook - Analyst Silverstein anticipates that 2026 will be a better year for the energy sector after three years of limited gains, driven by improved natural gas and oil outlooks [2] - The expected improvement in 2026 is attributed to increased M&A value creation and capital expenditure efficiencies [2] Group 4: Recent Developments - On December 18, CRC announced the completion of its all-stock merger with Berry Corporation (NASDAQ:BRY), expanding its portfolio without using cash [3] - As part of the merger, former Berry equity holders received approximately 5.6 million shares of CRC common stock, valued at approximately $253 million based on CRC's closing share price on December 17, 2025 [4] - Management expects the combined entity to perform stronger in 2026 as a result of the merger [3]

Group 1: Microsoft Corporation - Microsoft Corporation continues to show strong performance in cloud computing, with Azure revenue growth of 35% year-over-year [1] - The company reported a total revenue of $52.9 billion for the last quarter, reflecting a 12% increase compared to the previous year [1] - Microsoft’s focus on AI integration across its products is expected to drive future growth and enhance competitive positioning [1] Group 2: California Resources Corp - California Resources Corp has seen a significant increase in oil production, reporting a 10% rise in output to 130,000 barrels per day [1] - The company’s financial health is improving, with a net income of $150 million for the last quarter, up from $100 million a year earlier [1] - California Resources Corp is actively pursuing sustainability initiatives, aiming to reduce carbon emissions by 25% by 2025 [1] Group 3: Tango Therapeutics Inc - Tango Therapeutics Inc has made advancements in its drug pipeline, with two candidates entering late-stage clinical trials [1] - The company reported a cash position of $200 million, providing a strong runway for ongoing research and development [1] - Partnerships with larger pharmaceutical companies are being explored to enhance the development of its therapies [1]

Core Insights - California Resources Corporation is a prominent independent energy company focused on oil and natural gas exploration and production in California, leveraging its scale and integrated operations to meet regional energy demand [1][2] Company Overview - The company operates an integrated model that includes exploration, production, gathering, processing, and sales, generating revenue primarily from energy commodity sales and power generation [2] - California Resources Corporation produces and markets crude oil, natural gas, and natural gas liquids, and also generates and sells electricity to utilities and the grid [2] Financial Performance - As of the latest report, shares of California Resources Corporation were priced at $44.04, reflecting a 14.5% decline over the past year, underperforming the S&P 500's 15% return during the same period [3] - In the third quarter, the company generated $279 million in operating cash flow and $188 million in free cash flow, supporting balance sheet repair and shareholder returns [6] - Production remained steady at 137 thousand barrels of oil equivalent per day, with oil constituting approximately 78% of volumes, while adjusted EBITDAX reached $338 million for the quarter [7] Recent Developments - Kore Advisors LP established a new stake in California Resources Corporation, acquiring 75,141 shares worth about $4 million, which represents 4.6% of the fund's assets under management [4][5] - The company raised its quarterly dividend by 5% to $0.405 per share and redeemed all remaining 2026 senior notes, extending maturities and reducing near-term risk [6] Strategic Focus - California Resources Corporation is prioritizing free cash flow, dividends, and debt reduction over aggressive growth, which is seen as a prudent strategy in a sector characterized by boom-and-bust cycles [8]

Core Insights - CRC is leading the way in lower-carbon operations by collaborating with renewable energy developers like Luminia to enhance energy efficiency and reduce carbon emissions [1][2] - The projects aim to deliver on-site renewable energy generation, which is expected to lower energy costs for CRC's field operations and intermittently offset up to 30 MW of daytime grid load [1] - CRC's initiatives are part of a broader commitment to responsible energy production and innovation, contributing to California's clean energy goals [2] Company Overview - California Resources Corporation (CRC) is an independent energy and carbon management company focused on energy transition and environmental stewardship [4] - CRC aims to maximize the value of its land and mineral ownership while developing carbon capture and storage (CCS) and other emissions-reducing projects [4] - Luminia, headquartered in San Diego, is a renewable energy developer that partners with various stakeholders to design and operate clean energy projects [3]

Core Insights - California Resources Corporation (CRC) is diversifying its revenue streams by expanding into carbon capture and power-related projects, supported by favorable state policies and a growing project pipeline that enhances its outlook through 2026 [1][11] Carbon Capture and Storage (CCS) Developments - CRC's Carbon TerraVault is progressing with seven Class VI storage permits, aiming for initial CO2 injection and commercial cash flows by early 2026, reflecting a supportive regulatory environment and increasing local demand for carbon solutions [2][11] - The partnership with Capital Power aims to capture and store up to 3 million metric tons of CO2 annually from the La Paloma natural gas plant, highlighting the industrial demand for large-scale decarbonization in California [4][5] Policy Support and Regulatory Environment - California's improved oil and gas permitting, CO2 pipeline approvals, and the extension of the Cap-and-Invest program to 2045 facilitate CRC's project advancements and shorten development timelines as it approaches 2026 [3][11] - The execution of state and federal approvals remains critical, with several storage permits and partnership agreements pending, which could impact project timelines and cash flow clarity [8][9] Revenue Diversification and Financial Position - CRC is focusing on building sustainable cash flow sources beyond traditional upstream operations, with carbon capture and power partnerships expected to provide more stable, fee-based income less affected by commodity price fluctuations [6][7] - The company's solid financial position, characterized by strong liquidity and effective hedging, supports its integrated energy and carbon management strategy [7] ESG and Emissions Management - CRC has received a MiQ "Grade A" methane certification in the Ventura Basin, reinforcing its commitment to emissions management and transparency, which is crucial for attracting carbon capture partnerships [12][13] Investment Outlook - The current Zacks Rank 4 (Sell) indicates a need for patience as regulatory processes and project de-risking progress into 2026, while CRC's VGM Score of B suggests longer-term investment appeal as CCS and power cash flows develop [14][16]

Core Insights - California Resources Corporation (CRC) has formed a partnership with Middle River Power (MRP) to enhance its carbon management business, focusing on carbon capture, transportation, and sequestration services for MRP's power facilities in California [1][2][5] Partnership Details - The collaboration is formalized through a Memorandum of Understanding (MOU), which outlines shared goals for sustainable energy solutions, with CRC's Carbon TerraVault business providing carbon capture and sequestration (CCS) services to MRP's power plants [2][5] - The initial focus will be on two power plants in California: the High Desert Power Plant in Victorville, generating 850 megawatts (MW) and emitting up to 2.1 million metric tons of CO2 annually, and the San Joaquin Energy Center in Tracy, producing 330 MW with a CO2 output of 0.65 million metric tons per year [3][9] Technological Innovations - The partnership aims to evaluate and develop innovative CCS technologies, leveraging CRC's existing infrastructure and resources to significantly reduce the carbon footprint of California's power sector [4][10] Legislative and Regulatory Context - California's progressive regulatory environment supports carbon transportation and storage, providing a favorable backdrop for CRC and MRP to accelerate their decarbonization efforts and help meet the state's greenhouse gas reduction targets [11][12] Future Opportunities - The MOU represents the beginning of a collaboration that both companies hope will lead to additional decarbonization opportunities in California, contributing to broader decarbonization objectives [13][14] Commitment to Sustainability - The partnership signifies a strong commitment to sustainable energy, with CRC and MRP focusing on carbon capture and sequestration to help California meet its climate goals while evolving the power sector [15]

Core Viewpoint - California Resources Corporation (CRC) has successfully completed an all-stock combination with Berry Corporation, enhancing its asset portfolio and operational capabilities in California [1][2]. Group 1: Transaction Details - The transaction involved Berry's former equity holders receiving approximately 5.6 million shares of CRC common stock, valued at around $253 million based on CRC's closing share price on December 17, 2025 [2]. - The combined company will be headquartered in Long Beach, California, and will be led by CRC's existing executive team [3]. Group 2: Strategic Implications - The acquisition is expected to strengthen CRC's operational momentum and deliver meaningful synergies for shareholders, particularly in the San Joaquin Basin [2]. - CRC aims to enhance cash flow durability and operational efficiencies, positioning itself for sustainable shareholder value [2]. Group 3: Company Overview - California Resources Corporation is an independent energy and carbon management company focused on energy transition and environmental stewardship [4]. - The company is committed to maximizing the value of its land and mineral ownership while developing carbon capture and storage (CCS) and other emissions-reducing projects [4].