California Resources Corp
California 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.
California 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.
Bys 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.
Over the past 7 days, alphai's AI scored 3 news stories mentioning CRC (California Resources Corp). Coverage has skewed bullish: 2 bullish, 0 neutral, and 1 bearish.
Recent CRC coverage spans earnings, mergers & acquisitions and regulation.
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.
CRC’s earnings call provides fresh, decision-relevant updates on cash generation, capital plans, and major transaction execution (Crimson midstream).
Deal announced to restart/expand crude throughput capacity, contingent on regulatory approval and expected to close in Q3.
Routine 10b5-1 insider selling by a senior commercial officer, with limited standalone signal but measurable near-term supply overhang.
The article is a critical watchdog report that could raise political and regulatory risk around CRC’s CCS strategy and a potential pipeline acquisition.
Synergy delivery and revised rig plan support the cost and capital outlook, while the Crimson pipeline deal and CCS/data-center progress add medium-term optionality.
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 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.
1 min readConsumer Watchdog says California’s proposed industrial Carbon Capture and Storage rules and a $4 billion CO2 allowance pool could benefit oil producers, citing CRC’s CCS plans and a possible PUC approval of CRC’s purchase of Crimson Utilities. The report questions CCS effectiveness, citing CBO and IEEFA figures and claims federal tax credits are key to project viability.
4 min readCalifornia Resources (NYSE:CRC) reported Q2 call highlights, citing nearly 9% lower G&A expenses from Berry merger efficiencies and delivering about $400 million of up to $470 million in 2028 synergies. CRC kept full-year targets near 153,000 BOE/d and $520 million to $560 million capex. It plans to buy Crimson’s ~2,000-mile pipeline network and began Elk Hills CCS, capturing ~270 tons CO2/day.
6 min readCalifornia has not adopted state rules for monitoring and paying for cleanup of underground CO2 storage, despite a January 2025 deadline. The U.S. EPA approved injections by California Resources Corp. at Elk Hills, a century-old oil field, which is being used as a test case. The article cites unresolved authority, potential well-leak risks, and possible billions in public funding.
7 min readCalifornia Resources (NYSE:CRC) reported Q2 2026 results. Revenue rose 58% year on year to $1.3 billion, beating Wall Street estimates by 36.4%. Non-GAAP profit was $0.99 per share, 28% below consensus. Adjusted EBITDA margin was 49.5%, up 12.7 points, and free cash flow was $114 million (8.8% margin).
6 min readCalifornia Resources Corp (CRC) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 a2026q2erex991.htm EX-99.1 Document California Resources Corporation Reports Second Quarter 2026 Financial and Operating Results Strengthens California's Leading Energy Platform Through Strategic Acquisition Sustainable Operational Efficiency Gains Enhance 2026 Outlook
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5 min readCalifornia Resources (NYSE: CRC) is scheduled to report Q2 earnings Monday before market hours. Last quarter, it reported revenue of $119 million, down 86.9% year on year, and missed analysts on EPS. For the upcoming quarter, analysts expect revenue up 15.8% y/y. The article cites an average analyst price target of $77.55 versus $52.11 current.
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