reports
California Resources Corporation Announces Redemption of 7.125% Senior...
California Resources Corporation Announces Redemption of 7.125% Senior Notes Due 2026 LONG BEACH, Calif., Sept. 30, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE: CRC) (the “Company”) today announced that it has issued a notice of redemption (the “Notice”) with respect to its 7.125% Senior Notes due 2026 (the “2026 Notes”). On October 10, 2025 (the “Redemption Date”), the Company will redeem all of the 2026 Notes outstanding in accordance with the terms set forth in the indenture governing the 2026 Notes. The 2026 Notes will be redeemed at a redemption price of 100.000%...
Moody's Ratings assigns B1 rating to California Resources' proposed se...
Moody's Ratings (Moody's) assigned a B1 rating to California Resources Corporation's (CRC) proposed new senior unsecured notes. The rating outlook is stable. CRC's existing ratings, including its Ba3 Corporation Family Rating (CFR), are unchanged. "CRC will use the proceeds to refinance the secure...
California Resources Corporation Announces Pricing of Private Offering...
California Resources Corporation Announces Pricing of Private Offering of $400 Million of Senior Unsecured Notes LONG BEACH, Calif., Sept. 24, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE: CRC) (the “Company”) announced today the pricing of its private offering of $400 million in aggregate principal amount of its 7.000% senior unsecured notes due 2034 (the “Notes”) at par. The Notes will be guaranteed by all of the Company’s existing subsidiaries (and certain future subsidiaries) that guarantee its revolving credit facility, its 7.125% senior unsecured notes due 2026 an...
Moody's Ratings assigns B1 rating to California Resources' proposed se...
Moody's Ratings (Moody's) assigned a B1 rating to California Resources Corporation's (CRC) proposed new senior unsecured notes. The rating outlook is stable. CRC's existing ratings, including its Ba3 Corporation Family Rating (CFR), are unchanged. "CRC will use the proceeds to refinance the secure...
California Resources Corporation Announces Private Offering of $400 Mi...
California Resources Corporation Announces Private Offering of $400 Million of Senior Unsecured Notes LONG BEACH, Calif., Sept. 24, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE: CRC) (the “Company”) announced today that, subject to market and other conditions, it intends to offer and sell to eligible purchasers $400 million in aggregate principal amount of senior unsecured notes due 2034 (the “Notes”). The Notes will be guaranteed by all of the Company’s existing subsidiaries (and certain future subsidiaries) that guarantee its revolving credit facility, its 7.125% seni...
Moody's Ratings upgrades California Resources' CFR to Ba3; stable outl...
Moody's Ratings (Moody's) upgraded California Resources Corporation's (CRC) Corporate Family Rating (CFR) to Ba3 from B1, its Probability of Default Rating (PDR) to Ba3-PD from B1-PD, and its senior unsecured notes rating to B1 from B2. The company's Speculative Grade Liquidity Rating (SGL) is maint...
Leading California Energy into the Future: California Resources Corpor...
Leading California Energy into the Future: California Resources Corporation Releases 2024 Sustainability Report LONG BEACH, Calif., Sept. 18, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE: CRC) today announced the publication of its and . These disclosures provide an overview of CRC’s continuous progress on its sustainability efforts and performance as the company advances its commitment to serve as a steward of California’s natural resources and leader in local energy production. “CRC entered an exciting new chapter in 2024 as the largest oil and gas producer in Calif...
Moody's Ratings says California Resources' acquisition of Berry is cre...
Moody's Ratings (Moody's) said that California Resources Corporation (CRC) agreement to acquire Berry Corporation (Berry) for $717 million was credit positive. The all-equity transaction, which is expected to close in the first quarter of 2026, will deepen CRC's foothold in California's liquids-rich...
California Resources Corporation Announces All-Stock Combination with ...
California Resources Corporation Announces All-Stock Combination with Berry Corporation Highly Accretive Transaction Across Key Financial Metrics Enhances CRC’s Portfolio Combination to Create a Stronger, More Efficient Leader in California Energy LONG BEACH, Calif. and DALLAS, Sept. 15, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE: CRC) (“CRC”) and Berry Corporation (NASDAQ: BRY) (“Berry”) jointly announced today their entry into a definitive agreement to combine in an all-stock transaction valuing Berry at approximately $717 million, inclusive of Berry’s net deb...
California Resources Corporation Reports Second Quarter 2025 Financial...
California Resources Corporation Reports Second Quarter 2025 Financial and Operating Results Company Raises 2025E Production and Adjusted EBITDAX Guidance, Reduces Drilling, Completions and Workover Capital Program Returned Quarterly Record of $287 Million to Shareholders LONG BEACH, Calif., Aug. 05, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE: CRC) reported financial and operating results for the second quarter of 2025. The Company is hosting a conference call and webcast at 1 p.m. ET (10 a.m. PT) on Wednesday, August 6, 2025. Conference call details can be found wi...
California Resources Corporation Schedules Second Quarter 2025 Earning...
California Resources Corporation Schedules Second Quarter 2025 Earnings Conference Call LONG BEACH, Calif., July 07, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE: CRC) plans to release its second quarter 2025 financial results on Tuesday, August 5th after market close. The Company will hold a conference call to discuss these financial results on Wednesday, August 6th at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time). We encourage participants to pre-register for the conference call using the following link: . Callers who pre-register will be given a conference pa...
California Resources Reports First Quarter 2025 Financial and Operatin...
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, 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. Parti...
California Resources Corporation Schedules First Quarter 2025 Earnings...
California Resources Corporation Schedules First Quarter 2025 Earnings Conference Call LONG BEACH, Calif., April 07, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE: CRC) plans to release its first quarter 2025 financial results on Tuesday, May 6th after market close. The Company will hold a conference call to discuss these financial results on Wednesday, May 7th at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time). We encourage participants to pre-register for the conference call using the following link: . Callers who pre-register will be given a conference passcode and ...
California Resources Reports Fourth Quarter and Full Year 2024 Financi...
California Resources Reports Fourth Quarter and Full Year 2024 Financial and Operating Results Achieves Meaningful Capital Efficiency Improvements and Significant Cost Reductions Following Aera Merger LONG BEACH, Calif., March 03, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE: CRC) today reported financial and operating results for the fourth quarter and full year 2024, as well as its guidance for 2025. The Company plans to host a conference call and webcast at 1 p.m. ET (10 a.m. PT) on Monday, March 3, 2025. Participation details can be found within this release. Suppl...
California Resources Corporation Announces Partial Redemption of 7.125...
California Resources Corporation Announces Partial Redemption of 7.125% Senior Notes Due 2026 LONG BEACH, Calif., Feb. 18, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE: CRC) (the “Company”) today announced that it has issued a notice of partial redemption (the “Notice”) with respect to its 7.125% Senior Notes due 2026 (the “Notes”). On February 28, 2025 (the “Redemption Date”), the Company will redeem an aggregate principal amount of $123 million of Notes in accordance with the terms set forth in the indenture governing the Notes. The Notes will be redeemed at a redemp...
California Resources Corporation Announces $100,000 Donation to Southe...
California Resources Corporation Announces $100,000 Donation to Southern California Wildfire Relief and Recovery Efforts LONG BEACH, Calif., Jan. 30, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE: CRC), an independent energy and carbon management company, today announced a total contribution of $100,000 to the California Community Foundation and the Los Angeles Fire Department Foundation to support wildfire relief and provision of recovery services to residents impacted by the recent California wildfires. The funds will be equally distributed between the two organization...
Moody's Ratings announces completion of a periodic review of ratings o...
Moody's Ratings (Moody's) has completed a periodic review of the ratings of California Resources Corporation and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 22 January 2025 in which we reassessed the appropriateness of the ratings ...
California Resources Corporation Schedules Fourth Quarter and Full Yea...
California Resources Corporation Schedules Fourth Quarter and Full Year 2024 Earnings Conference Call LONG BEACH, Calif., Jan. 15, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE: CRC) plans to release its fourth quarter and full year 2024 financial results on Monday, March 3rd before market hours. The Company will hold a conference call to discuss these financial results on Monday, March 3rd at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time). We encourage participants to pre-register for the conference call using the following link: . Callers who pre-register will be gi...
CRC Approves California’s First Carbon Capture and Storage Project
CRC Approves California’s First Carbon Capture and Storage Project Project to Capture and Store up to 100 Thousand Metric Tons of CO2 Annually From the Elk Hills Cryogenic Gas Plant LONG BEACH, Calif., Jan. 06, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE: CRC) and its carbon management business, Carbon TerraVault (CTV), today announced approval of the Golden State’s first carbon capture and storage (CCS) project, located at CRC’s Elk Hills cryogenic gas plant in Kern County, California. “We are pleased to advance California’s first CCS project to the next stage of i...
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