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California Resources Corp (CRC.N)

CRC.N on New York Stock Exchange

1.20USD
2 Jul 2020
Change (% chg)

$-0.04 (-3.23%)
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Latest Key Developments (Source: Significant Developments)

California Resources - Entered Into An Amendment To Its Credit Agreement Dated September 24, 2014
Thursday, 7 May 2020 

May 6 (Reuters) - California Resources Corp ::CALIFORNIA RESOURCES CORP - ON APRIL 30, ENTERED INTO AN AMENDMENT TO ITS CREDIT AGREEMENT DATED AS OF SEPTEMBER 24, 2014.CALIFORNIA RESOURCES CORP - AMENDMENT DEFERS REDETERMINATION OF COMPANY'S BORROWING BASE TO MAY 15, 2020.CALIFORNIA RESOURCES CORP - AMENDMENT REDUCES REVOLVING LOAN LIMIT FROM $1 BILLION TO $900 MILLION EFFECTIVE DATE OF AMENDMENT.  Full Article

California Resources Corp Announces Q4 2019 And Full Year Results
Thursday, 27 Feb 2020 

Feb 26 (Reuters) - California Resources Corp ::ORATION ANNOUNCES FOURTH QUARTER 2019 AND FULL YEAR RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $0.73.Q4 LOSS PER SHARE $1.36.Q4 EARNINGS PER SHARE ESTIMATE $0.37 -- REFINITIV IBES DATA.CALIFORNIA RESOURCES-DELIVERED AVERAGE NET PRODUCTION OF 123,000 BARRELS OF OIL EQUIVALENT (BOE) PER DAY INCLUDING 76,000 BARRELS PER DAY OF OIL IN QUARTER.CRC EXPECTS ITS 2020 INTERNALLY FUNDED CAPITAL PROGRAM WILL RANGE FROM $100 MILLION TO $300 MILLION.CRC ANTICIPATES JV INVESTMENT OF $160 TO $200 MILLION FOR 2020.CRC ANTICIPATES A TOTAL CAPITAL PROGRAM OF APPROXIMATELY $260 TO $500 MILLION FOR 2020.  Full Article

California Resources Posts Q3 Adj EPS Of $0.35
Friday, 1 Nov 2019 

Oct 31 (Reuters) - California Resources Corp ::ORATION ANNOUNCES THIRD QUARTER 2019 RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $0.35.Q3 EARNINGS PER SHARE $1.89.Q3 EARNINGS PER SHARE ESTIMATE $-0.37 -- REFINITIV IBES DATA.QTRLY AVERAGE PRODUCTION OF 128,000 BARRELS OF OIL EQUIVALENT (BOE) PER DAY.SEES 2019 INTERNALLY FUNDED CAPITAL PROGRAM WILL RANGE FROM $385 MILLION TO $400 MILLION.QTRLY TOTAL REVENUES AND OTHER $681 MILLION VERSUS $828 MILLION.  Full Article

California Resources Corp Says Not Considering Restructuring Or Hiring Advisors For Deleveraging Debt
Friday, 20 Sep 2019 

Sept 19 (Reuters) - California Resources Corp ::CALIFORNIA RESOURCES CORP - NOT CONSIDERING RESTRUCTURING OR HIRING ADVISORS FOR DELEVERAGING DEBT.  Full Article

California Resources Files For Offer And Sale Of Up To 1.25 Mln Shares Of Common Stock By Selling Stockholder
Thursday, 15 Aug 2019 

Aug 15 (Reuters) - California Resources Corp ::CALIFORNIA RESOURCES CORP FILES FOR OFFER AND SALE OF UP TO 1.25 MILLION SHARES OF COMMON STOCK BY THE SELLING STOCKHOLDER - SEC FILING.  Full Article

California Resources Posts Q2 EPS Of $0.24
Friday, 2 Aug 2019 

Aug 1 (Reuters) - California Resources Corp ::ORATION ANNOUNCES SECOND QUARTER 2019 RESULTS.Q2 ADJUSTED LOSS PER SHARE $0.29.Q2 EARNINGS PER SHARE $0.24.Q2 EARNINGS PER SHARE ESTIMATE $0.23 -- REFINITIV IBES DATA.  Full Article

California Resources Announces A Joint Venture With Colony Capital
Tuesday, 23 Jul 2019 

July 23 (Reuters) - Colony Capital Inc ::CALIFORNIA RESOURCES CORPORATION ANNOUNCES A JOINT VENTURE WITH COLONY CAPITAL TO INVEST UP TO $500 MILLION IN OIL & GAS PROPERTIES.CALIFORNIA RESOURCES - FORMED STRATEGIC JOINT VENTURE IN WHICH COLONY HAS COMMITTED TO FUND $320 MILLION.CALIFORNIA RESOURCES - COLONY WILL GET WARRANTS TO BUY UPTO 1.25 MILLION SHARES OF COMMON STOCK WITH A $40 STRIKE PRICE UPON FUNDING CAPITAL OBLIGATIONS.CALIFORNIA RESOURCES - COLONY WILL FUND 100 PERCENT OF DEVELOPMENT WELLS AND WILL EARN A 90 PERCENT WORKING INTEREST.CALIFORNIA RESOURCES - INITIAL INVESTMENT INTENDED TO BE INVESTED OVER ABOUT 3-YEARS IN ACCORDANCE WITH DEVELOPMENT PLAN CONSISTING OF ABOUT 275 WELLS.  Full Article

California Resources Corp Posts Q1 Adj EPS Of $0.63
Friday, 3 May 2019 

May 2 (Reuters) - California Resources Corp ::ORATION ANNOUNCES FIRST QUARTER 2019 RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $0.63.Q1 LOSS PER SHARE $1.38.Q1 EARNINGS PER SHARE ESTIMATE $-0.43 -- REFINITIV IBES DATA.Q1 2019 AVERAGE DAILY PRODUCTION OF 133,000 BARRELS OF OIL EQUIVALENT (BOE) PER DAY, AN 8% INCREASE OVER PRIOR YEAR PERIOD.ESTIMATES ITS 2019 INTERNALLY FUNDED CAPITAL PROGRAM WILL RANGE FROM $300 MILLION TO $385 MILLION.FOR Q2 OF 2019, CRC HAS PROTECTED ITS DOWNSIDE PRICE RISK ON APPROXIMATELY 40,000 BARRELS PER DAY AT APPROXIMATELY $70 BRENT.ON MAY 1 CO SOLD 50% OF WORKING INTEREST & TRANSFERRED OPERATORSHIP IN CERTAIN ZONES IN LOST HILLS FIELD IN SAN JOAQUIN BASIN.LOST HILLS FIELD DEAL FOR TOTAL CONSIDERATION IN EXCESS OF $200 MILLION.  Full Article

California Resources - Terminated Existing At-The-Market Program And Equity Distribution Agreement
Saturday, 17 Nov 2018 

Nov 16 (Reuters) - California Resources Corp ::CALIFORNIA RESOURCES SAYS TERMINATED ITS EXISTING AT-THE-MARKET PROGRAM AND EQUITY DISTRIBUTION AGREEMENT DATED AS OF NOVEMBER 17, 2017 - SEC FILING.CALIFORNIA RESOURCES - ENTERED INTO NEW AT-THE-MARKET PROGRAM & EQUITY DISTRIBUTION AGREEMENT WITH CITIGROUP GLOBAL MARKETS, OTHER MANAGERS.CALIFORNIA RESOURCES - AS PER TERMS OF NEW EDA, CO MAY SELL THROUGH THE MANAGERS AS CO'S SALES AGENTS UP TO 6 MILLION SHARES OF COMMON STOCK.  Full Article

California Resources Corp Files For Potential Mixed Shelf Offering; Size Not Disclosed
Saturday, 17 Nov 2018 

Nov 16 (Reuters) - California Resources Corp ::CALIFORNIA RESOURCES CORP FILES FOR POTENTIAL MIXED SHELF OFFERING; SIZE NOT DISCLOSED - SEC FILING.  Full Article

UPDATE 1-California Resources pays interest on 2024 bond a month late - sources

June 24 U.S. oil and gas producer California Resources Corp last week paid interest due on an unsecured 2024 bond, about a month late, two people familiar with the matter said on Wednesday.