California Resources Corp
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California Resources Corp (CRC) shares fell after selling $90M in Uinta Basin assets, which some investors see as reducing growth options. Stephens & Co. raised its price target to $91.00, citing upside from CRC's strategy. The company has strong cash flow and a healthy balance sheet but faces risks from regional focus and permitting delays.
California Resources (CRC) will sell its Uinta Basin assets for $90M in cash, per a September 17 announcement. The buyer is undisclosed. Proceeds will be used for shareholder returns and corporate purposes. The assets, acquired via the Berry Corp merger, are non-core to CRC's operations. The sale is expected to close by year-end, subject to conditions. CRC's CEO stated the sale will enhance capital allocation flexibility and support shareholder returns.
Bys Jay A. (EVP & Chief Commercial Officer) sold 11,907 shares of California Resources Corp (CRC) at $54.00 ($0.64M total) on 2026-09-04 under a Rule 10b5-1 trading plan.
Over the past 7 days, AlphAI's AI scored 1 news story mentioning CRC (California Resources Corp). Coverage has skewed bearish: 0 bullish, 0 neutral, and 1 bearish.
Recent CRC coverage spans mergers & acquisitions, corporate actions and insider activity.
In the last 30 days, CRC insiders filed 1 SEC Form 4 transaction — no purchases and 1 sale ($643K). The most active reporter was Bys Jay A., EVP & Chief Commercial Officer, with 1 filing. 100% of those filings were made under pre-arranged Rule 10b5-1 plans.
The asset sale reduces growth optionality and raises regional risk, likely pressuring the stock in the short term.
The divestiture provides modest cash to redeploy or return to shareholders, likely a slight positive on CRC stock.
Insider sale by a senior officer may signal reduced confidence, potentially pressuring the stock short-term.
The insider sale may signal reduced confidence from an executive, creating modest downward pressure on CRC.
The deal expands CRC's pipeline footprint and may enable future CO2 transport projects, potentially boosting long‑term cash flow.
AlphAI scores every news story that mentions CRC with an AI model for sentiment and relevance, and aggregates insider trades from California Resources Corp's SEC EDGAR Form 4 filings. Figures refresh continuously.
California Resources Corp (CRC) shares fell after selling $90M in Uinta Basin assets, which some investors see as reducing growth options. Stephens & Co. raised its price target to $91.00, citing upside from CRC's strategy. The company has strong cash flow and a healthy balance sheet but faces risks from regional focus and permitting delays.
2 min readCalifornia Resources (CRC) will sell its Uinta Basin assets for $90M in cash, per a September 17 announcement. The buyer is undisclosed. Proceeds will be used for shareholder returns and corporate purposes. The assets, acquired via the Berry Corp merger, are non-core to CRC's operations. The sale is expected to close by year-end, subject to conditions. CRC's CEO stated the sale will enhance capital allocation flexibility and support shareholder returns.
3 min readBys Jay A. (EVP & Chief Commercial Officer) sold 11,907 shares of California Resources Corp (CRC) at $54.00 ($0.64M total) on 2026-09-04 under a Rule 10b5-1 trading plan.
1 min readCalifornia Resources Corp (CRC) insider Jay A. Bys filed a notice to sell 11,907 shares, acquired via restricted stock vesting on January 25, 2024. The filing also reports prior sales of the same amount on three future dates in 2026, with Daniel Tucci of Fidelity Brokerage Services acting as attorney-in-fact.
1 min readCalifornia Resources Corporation (CRC) completed its $63M acquisition of Crimson Midstream Holdings, adding midstream pipeline assets. The company expects $1M-$2M in G&A and capital expenses for Crimson in Q3 2026. CRC plans to update its full-year 2026 guidance with Q3 earnings. According to the company, Crimson's pipelines may support CO2 transportation development.
2 min readCalifornia Resources Corp. (CRC) acquired Crimson Midstream Holdings for $63M, gaining a 2,000-mile pipeline network. The deal, pending regulatory approval, aims to enhance CRC's transportation and marketing options. Additionally, CRC plans a data center project near its Elk Hills Oil Field, partnering with Beacon Data Centers. The company also reported its first carbon dioxide injection revenue of $1M.
3 min readCalifornia Resources Corporation (CRC) agreed to acquire Crimson Midstream Holdings for $63M in cash, aiming to ease transportation bottlenecks. The deal adds 2,000 miles of pipelines and 400,000 barrels per day capacity, potentially improving market access and reducing reliance on third-party routes. CRC's Q2 earnings were impacted by pipeline issues, highlighting the deal's strategic importance. The transaction is expected to close in Q3 2026, subject to regulatory approvals.
2 min readCalifornia Resources Corporation (CRC) held its Q2 2026 earnings call. Adjusted EBITDAX was $338 million, with net production of 149,000 MBoe/d and oil at 81%. Free cash flow was $151 million before working capital. CRC said Berry merger synergies reached $103 million annualized, drilling efficiency improved 25%, and it received tentative approval for its Crimson midstream acquisition.
9 min readCalifornia Resources Corporation said it will reopen a Kern County to Bay Area oil pipeline by buying about 2,000 miles of pipeline from CorEnergy Infrastructure Trust. It will acquire Crimson Midstream Holdings, LLC for $63 million, enabling about 400,000 barrels per day of throughput. The deal is expected to close in Q3 pending regulatory approval.
2 min readBys Jay A. (EVP & Chief Commercial Officer) sold 11,907 shares of California Resources Corp (CRC) at $54.00 ($0.64M total) on 2026-08-10 under a Rule 10b5-1 trading plan.
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