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California Resources Corp (CRC.N)

CRC.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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

California Resources Corp Reports Q3 Adj EPS Of $0.81
Friday, 2 Nov 2018 

Nov 1 (Reuters) - California Resources Corp ::ORATION ANNOUNCES THIRD QUARTER 2018 RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $0.81.Q3 EARNINGS PER SHARE VIEW $0.36 -- THOMSON REUTERS I/B/E/S.Q3 EARNINGS PER SHARE $1.32.IN QUARTER, PRODUCED 136,000 BOE PER DAY, WHICH REFLECTS AN INCREASE OF 6% OVER PRIOR YEAR PERIOD.INCREASED 2018 CAPITAL BUDGET TO A RANGE OF $720 TO $750 MILLION.ISSUED Q4 OF 2018 PRODUCTION GUIDANCE OF 136,000 TO 139,000 BOE PER DAY.  Full Article

California Resources Corp Posts Q4 Adjusted Loss Per Share $0.33
Tuesday, 27 Feb 2018 

Feb 26 (Reuters) - California Resources Corp ::CALIFORNIA RESOURCES CORPORATION ANNOUNCES FOURTH QUARTER 2017 AND YEAR END RESULTS.Q4 ADJUSTED LOSS PER SHARE $0.33.Q4 LOSS PER SHARE $3.23.QTRLY TOTAL REVENUES AND OTHER $455 MILLION VERSUS $452 MILLION.ESTIMATES ITS 2018 CAPITAL PROGRAM WILL RANGE FROM $425 MILLION TO $450 MILLION.QTRLY TOTAL PRODUCTION 126 MBOE/D VERSUS 135 MBOE/D.SEES Q1 2018 PRODUCTION OF 120 MBOE PER DAY TO 125 MBOE PER DAY.SEES Q1 2018 CAPITAL SPENDING OF $115 MILLION TO $135 MILLION.  Full Article

California Resources Corp Announces New Midstream Joint Venture And Equity Investment
Thursday, 8 Feb 2018 

Feb 7 (Reuters) - California Resources Corp ::CALIFORNIA RESOURCES CORPORATION ANNOUNCES NEW MIDSTREAM JOINT VENTURE AND EQUITY INVESTMENT.CALIFORNIA RESOURCES CORP - ENTERED INTO A MIDSTREAM JOINT VENTURE WITH A PORTFOLIO COMPANY OF PRIVATE EQUITY GROUP OF ARES MANAGEMENT, L.P.CALIFORNIA RESOURCES CORP - UNDER A NEW LONG-TERM COMMERCIAL AGREEMENT, CO WILL PURCHASE POWER AND GAS PROCESSING FROM JOINT VENTURE.CALIFORNIA RESOURCES -HAS OPTION TO REDEEM COMMON, PREFERRED EQUITY INTERESTS HELD BY ARES PORTFOLIO AT ANY POINT IN FIRST SEVEN&ONE-HALF YEARS OF JV.  Full Article

California Resources says ‍entered into $1.3 bln credit agreement with Goldman Sachs Bank USA and various lenders​
Saturday, 18 Nov 2017 

Nov 17 (Reuters) - California Resources Corp :California Resources - ‍entered into $1.3 billion credit agreement with Goldman Sachs Bank USA, Bank Of New York Mellon Trust Company and various lenders​.California Resources Corp says the ‍2017 term loans under the credit agreement mature on December 31, 2022​ - SEC Filing.California Resources- proceeds of loans in credit agreement used to pay outstanding term loans&part of revolving loans in credit agreement as of Sept'14‍​.  Full Article