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United States

California Resources Corp (CRC)

CRC on New York Consolidated

9.90USD
20 Sep 2017
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Latest Key Developments (Source: Significant Developments)

California Resources Q2 adjusted loss per share $1.83
Thursday, 3 Aug 2017 04:15pm EDT 

Aug 3 (Reuters) - California Resources Corp ::California Resources Corporation announces second quarter 2017 results.Q2 adjusted loss per share $1.83.Q2 loss per share $1.13.Q2 earnings per share view $-1.73 -- Thomson Reuters I/B/E/S.  Full Article

California Resources Corp Q1 adjusted loss per share $1.02
Thursday, 4 May 2017 04:15pm EDT 

May 4 (Reuters) - California Resources Corp :California Resources Corporation announces first quarter 2017 results.Q1 adjusted loss per share $1.02.Q1 earnings per share $1.22.Q1 earnings per share view $-1.26 -- Thomson Reuters I/B/E/S.California Resources Corp - sees Q2 production (without JV) 127 to 132 mboe per day.Qtrly total revenues and other $590 million versus $322 million.Produced an average of 132,000 boe per day in Q1.Q1 revenue view $485.9 million -- Thomson Reuters I/B/E/S.Sees Q2 2017 capital (without JV) of $80 million to $100 million.Increasing 2017 capital plan to a range of $400 million to $425 million.  Full Article

California Resources Corp, Macquarie announce JV
Wednesday, 19 Apr 2017 07:00am EDT 

April 19 (Reuters) - California Resources Corp :California resources corporation and macquarie announce joint venture to invest up to $300 million in oil & gas properties.California resources corp - mira has committed to fund $160 million for development of oil and gas properties in california.California resources corp - mira will fund 100 percent of development wells in which it will earn a 90 percent working interest.California resources corp - crc's working interest will revert from 10 to 75 percent upon mira achieving an agreed return.  Full Article

California Resources reports JV to invest $250 mln in oil & gas properties
Thursday, 16 Feb 2017 04:16pm EST 

California Resources Corp : California Resources Corporation announces joint venture to invest $250 million in oil & gas properties . California Resources Corp - BSP will make an initial $50 million investment to be directed toward drilling activities across properties subject to JV . California Resources - BSP will make subsequent investments in tranches up to $50 million at discretion of JV partners over a two year investment window . California Resources Corp - announced joint venture with Benefit Street Partners L.L.C. (BSP) to invest in CRC's oil and gas properties in California .California Resources Corp - cos anticipate that initial investment will fund in approximately two weeks.  Full Article

California Resources reports Q4 loss per share of $1.83
Thursday, 16 Feb 2017 04:15pm EST 

California Resources Corp : Announces fourth quarter 2016 and year end results, 2016 reserves and 2017 capital plan . Q4 adjusted loss per share $1.76 . Q4 loss per share $1.83 . Q4 earnings per share view $-1.64 -- Thomson Reuters I/B/E/S . Quarterly production of 135,000 BOE per day , a 2.2 pct sequential decline .Will begin year with a capital investment plan of $300 million.  Full Article

California Resources says has sufficient liquidity to last well into 2018 - SEC filing
Wednesday, 4 Jan 2017 04:47pm EST 

California Resources Corp :California Resources - based on current capital program, believe to have sufficient liquidity for rest of 2016, all of 2017, well into 2018 - SEC filing.  Full Article

California Resources Q3 earnings per share $13.06
Thursday, 3 Nov 2016 04:15pm EDT 

California Resources Corp - : Total daily production volumes averaged 138,000 barrels of oil equivalent (boe) for Q3 of 2016, compared with 158,000 Boe . California Resources Corporation announces third quarter 2016 financial results and reaffirmation of borrowing base . Q3 adjusted loss per share $1.75 . Q3 earnings per share $13.06 .Q3 earnings per share view $-1.55 -- Thomson Reuters I/B/E/S.  Full Article

Victoria and Sam Liao reports 8.15 pct passive stake in California Resources
Wednesday, 31 Aug 2016 10:55am EDT 

California Resources Corp : Victoria and Sam Liao reports 8.15 pct passive stake in California Resources as of August 29, 2016 - SEC Filing Source - http://bit.ly/2cr1hAb Further company coverage: [CRC.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

California Resources says entered into $1 bln credit agreement with Goldman Sachs Bank USA
Wednesday, 17 Aug 2016 05:35pm EDT 

California Resources Corp : Says entered into a $1 billion credit agreement (the “new credit agreement”) with Goldman Sachs Bank USA . Says amended its credit agreement, dated as of September 24, 2014 .Amendment provides relief from application of existing financial maintenance covenants until the end of first quarter of 2018.  Full Article

California Resources Corp provides update on tender offer
Monday, 15 Aug 2016 08:00am EDT 

California Resources Corp :California resources corporation announces oversubscription of its tender offer for outstanding notes and expected debt reduction of approximately $625 million.  Full Article