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CRC Q2 Deep Dive: Midstream Expansion and Operational Efficiencies Drive Performance
CRC Q2 Deep Dive: Midstream Expansion and Operational Efficiencies Drive Performance Oil and gas producer California Resources (NYSE:CRC) reported Q2 CY2026 results exceeding the market's revenue expectations , with sales up 58% year on year to $1.30 billion. Its non-GAAP profit of $0.99 per …
California Resources Corporation purchases major oil pipeline
California Resources Corporation (CRC) has acquired approximately 2,000 miles of pipeline infrastructure from CorEnergy Infrastructure Trust, Inc. for $63 million. This purchase, expected to close in Q3, will reopen a pipeline between Kern County and the Bay Area, allowing CRC to transfer about 400,000 …
California Resources Corp Earnings Call Highlights Efficiency
California Resources Corp (CRC) recently held its Q2 earnings call, striking an optimistic tone with highlights on strong operational execution, faster-than-expected cost synergies, and growing momentum in midstream and carbon projects. Despite temporary takeaway constraints and weaker near-term price realizations impacting quarterly results, management …
CRC’s Q2 Beat, CCS Push and Pipeline Deal Might Change The Case For Investing In California Resources (CRC)
California Resources Corporation recently reported second-quarter 2026 results, with revenue of US$1,297 million and net income of US$514 million, alongside confirming production guidance and declaring a quarterly dividend of US$0.405 per share. The company has completed a large share repurchase program, advanced California's first …
California is burying carbon in an oil field before its rules are finished
California's first commercial carbon storage project at Elk Hills has begun operating, injecting carbon dioxide underground, despite the state not having finalized its required regulatory rules. This project, led by California Resources Corp. (CRC), could receive billions in public incentives, but raises concerns among …
California Resources Corporation (NYSE:CRC) Receives Consensus Recommendation of "Moderate Buy" from Brokerages
Brokerages have given California Resources Corporation (NYSE:CRC) a "Moderate Buy" consensus recommendation, with an average 12-month price target of $73.09. Despite a Q2 revenue surge of 33% year-over-year, the company missed adjusted EPS estimates. California Resources is expanding its infrastructure through an acquisition, reaffirmed …
California Resources Corp (CRC) (Q2 2026) Earnings Call Highlights: Strategic Midstream ...
This article first appeared on GuruFocus. Net Production: Averaged 149,000 barrels of oil equivalent per day in Q2 2026, with oil representing 81% of total volume. Oil Realizations: Approximately 95% of Brent before hedges, within Q2 guidance range. Operating Costs: $347 million, in line …
California Resources Corporation (CRC) Q2 Earnings Lag Estimates
California Resources Corporation (CRC) came out with quarterly earnings of $0.99 per share, missing the Zacks Consensus Estimate of $1.31 per share. This compares to earnings of $1.1 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents …
California Resources (NYSE:CRC) Posts Better-Than-Expected Sales In Q2 CY2026 But Stock Drops
California Resources (NYSE:CRC) Posts Better-Than-Expected Sales In Q2 CY2026 But Stock Drops Oil and gas producer California Resources (NYSE:CRC) announced better-than-expected revenue in Q2 CY2026, with sales up 58% year on year to $1.3 billion. Its non-GAAP profit of $0.99 per share was 28% …
Carbon TerraVault Provides Second Quarter 2026 Update
Begins CO2 Injection and Revenue Generation at California’s First CCS Project LONG BEACH, Calif., Aug. 10, 2026 (GLOBE NEWSWIRE) -- Carbon TerraVault Holdings, LLC (CTV), a carbon management subsidiary of California Resources Corporation (NYSE: CRC), today provided a second quarter 2026 update on its …
Earnings Flash (CRC) California Resources Corporation Posts Q2 Adjusted EPS $0.99 per Share, Vs. FactSet Est of $1.36
California Resources Corporation (CRC) reported its Q2 adjusted EPS of $0.99 per share, which fell short of FactSet's estimate of $1.36 per share. This financial update provides key performance indicators for the company during the second quarter.
California Resources plans to add about 2,000 miles of pipelines
California Resources Corporation (NYSE: CRC) announced its agreement to acquire Crimson Midstream Holdings for $63 million in cash, which will add approximately 2,000 miles of pipelines to its infrastructure. This acquisition is expected to enhance CRC's integrated California energy platform by improving crude transport, …
California Resources Corporation Expands Integrated California Energy Infrastructure Platform Through Strategic Midstream Acquisition
California Resources Corporation (CRC) has announced an agreement to acquire Crimson Midstream Holdings, LLC for $63 million, aiming to strengthen its integrated California energy infrastructure platform. This acquisition includes approximately 2,000 miles of pipeline infrastructure, enhancing CRC's ability to transport crude oil efficiently and …
California Resources Corporation Reports Second Quarter 2026 Financial and Operating Results
California Resources Corporation (CRC) reported strong financial and operational results for Q2 2026, including $514 million in net income and $114 million in free cash flow, along with a strategic acquisition of Crimson Midstream Holdings, LLC. The company also improved its long-term maintenance capital …
Central Food Retail to acquire Aeon (Thailand)
Central Food Retail (CFR) has agreed to acquire ordinary shares in Aeon (Thailand), the Thai supermarket arm of Japan's Aeon Group. The division runs a 30-store supermarket chain under the MaxValu brand and has operated in Thailand since 1984, when Aeon established its forerunner, …
California Resources Corporation Announces Q2 2026 Financial Results in 8-K Filing
California Resources Corporation has filed a Form 8-K with the U.S. Securities and Exchange Commission, announcing its financial results for the three and six months ending June 30, 2026. The article indicates that full details are available upon login or registration.
Earnings To Watch: California Resources (CRC) Reports Q2 Results Tomorrow
Earnings To Watch: California Resources (CRC) Reports Q2 Results Tomorrow Oil and gas producer California Resources (NYSE:CRC) will be reporting earnings this Monday before market hours. Here's what to expect. California Resources missed analysts' revenue expectations last quarter, reporting revenues of $119 million, down …
Unveiling California Resources (CRC) Q2 Outlook: Wall Street Estimates for Key Metrics
Wall Street analysts expect California Resources Corporation (CRC) to post quarterly earnings of $1.31 per share in its upcoming report, which indicates a year-over-year increase of 19.1%. Revenues are expected to be $979.33 million, up 0.1% from the year-ago quarter. The current level reflects …
California Resources (CRC) Could Be 33% Below Fair Value Following Carbon Storage Narrative
Find your next quality investment with Simply Wall St's easy and powerful screener, trusted by over 7 million individual investors worldwide. California Resources (CRC) heads into its August 10 earnings release with expectations for higher revenue and year over year earnings growth, putting fresh …
Pacer Advisors Inc. Lowers Position in California Resources Corporation $CRC
Pacer Advisors Inc. reduced its stake in California Resources Corporation (NYSE:CRC) by 33.8% in the first quarter, selling 179,978 shares and retaining 352,386 shares valued at approximately $24.4 million. Despite this, institutional investors still own 97.79% of CRC, and analysts maintain a "Moderate Buy" …
2 Reasons to Like CRC (and 1 Not So Much)
2 Reasons to Like CRC (and 1 Not So Much) Since February 2026, California Resources has been in a holding pattern, posting a small loss of 3% while floating around $52.62. The stock also fell short of the S&P 500's 8.3% gain during that …
Empowered Funds LLC Trims Stock Position in California Resources Corporation $CRC
Empowered Funds LLC reduced its stake in California Resources Corporation (NYSE:CRC) by 30.4% in the first quarter, selling 30,600 shares and retaining 70,031 shares valued at approximately $4.85 million. Despite this, institutional investors collectively own 97.79% of CRC. The company reported quarterly EPS of …