California Resources (CRC)

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Leading California Energy into the Future: California Resources Corporation Releases 2024 Sustainability Report
Globenewswire· 2025-09-18 23:03
LONG BEACH, Calif., Sept. 18, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE: CRC) today announced the publication of its 2024 Sustainability Report Summary and 2024 Sustainability Report. These disclosures provide an overview of CRC’s continuous progress on its sustainability efforts and performance as the company advances its commitment to serve as a steward of California’s natural resources and leader in local energy production. “CRC entered an exciting new chapter in 2024 as the largest ...
Earnings Estimates Moving Higher for California Resources (CRC): Time to Buy?
ZACKS· 2025-09-17 01:20
核心观点 - 加州资源公司(CRC)因盈利预期持续改善且短期股价动能强劲 成为具有吸引力的投资标的 [1] - 公司获得Zacks Rank 1(强力买入)评级 该评级体系下股票自2008年以来年均回报率达25% [3][9] 盈利预期修正趋势 - 当前季度每股收益预期为1.42美元 较去年同期下降5.3% [6] - 过去30天内季度共识预期上调19.33% 仅出现正面修正无负面修正 [6] - 全年每股收益预期达4.38美元 同比增长12.6% [7] - 年度共识预期在过去一个月上调10.19% 两次正面修正无负面修正 [8] 股价表现与投资价值 - 过去四周股价已上涨16.7% 但分析师认为仍存在进一步上涨空间 [10] - 盈利预期修正趋势与短期股价走势呈现强相关性 支持投资逻辑 [2] - 覆盖该公司的分析师群体对上调盈利预期存在强烈共识 [3]
Are Oils-Energy Stocks Lagging California Resources (CRC) This Year?
ZACKS· 2025-09-16 22:41
Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Is California Resources Corporation (CRC) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Oils-Energy sector should help us answer this question.California Resources Corporation is one of 240 companies in the Oils-Energy group. The Oils-Energy group currently sits at #14 within the Zacks Sector Rank. The Zacks Sector ...
Golden State's Policy Shift To Benefit California Resources (NYSE:CRC)
Seeking Alpha· 2025-09-16 21:47
I am a 35-year stock market investor, MBA, and retired reporter and editor for the San Francisco Chronicle. My primary style is a mix of growth and income, with attention to special situations.Analyst’s Disclosure:I/we have a beneficial long position in the shares of CRC, EOG, CVX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship ...
Golden State's Policy Shift To Benefit California Resources
Seeking Alpha· 2025-09-16 21:47
作者背景 - 作者为一名拥有35年股市投资经验的投资者 具有MBA学位 并曾担任旧金山纪事报的退休记者和编辑 [1] - 其投资风格融合了增长型与收益型策略 并关注特殊情境投资机会 [1] 持仓披露 - 作者通过股票所有权、期权或其他衍生工具持有California Resources Corporation(CRC)、EOG Resources(EOG)和Chevron(CVX)的多头头寸 [2] - 该文章为作者独立完成 表达其个人观点 且未因撰写此文获得除Seeking Alpha之外的其他补偿 [2] - 作者与文中提及的任何股票所属公司均无业务关系 [2]
California Resources to see higher cash flow from Berry deal: TD Cowen (CRC:NYSE)
Seeking Alpha· 2025-09-16 20:56
TD Cowen analysts expect California Resources’ (NYSE:CRC) acquisition of Berry to lift free cash flow by more than 10% immediately, even before factoring in cost savings from the merger. The company is targeting $80 million to $90 million in synergies within a year of ...
California Resources (CRC) Soars 6.3%: Is Further Upside Left in the Stock?
ZACKS· 2025-09-16 16:35
California Resources Corporation (CRC) shares soared 6.3% in the last trading session to close at $56.33. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 9.9% gain over the past four weeks.A surge in California Resources' stock price can be attributed to its announced all-stock combination with Berry Corporation, which is immediately accretive to key financial metrics and strengthens CRC’s portfolio. The merger promises significa ...
California Resources (NYSE:CRC) M&A Announcement Transcript
2025-09-15 22:02
公司信息 * 公司为California Resources Corporation (CRC) 与Berry Corporation进行全股票合并[1][3][5] * 交易完成后CRC股东将拥有合并后公司94%的股份[11] * 交易预计将于2026年完成需满足常规交割条件包括监管批准和Berry股东批准[11] 交易核心信息 * 交易估值约为2025年共识EBITDAX的2.9倍约每流动桶30,000美元[7] * 交易预计将带来超过10%的2025年下半年经营现金流和自由现金流增值此预测尚未计入预期协同效应[7] * 公司目标在12个月内实现每年80,000,000至90,000,000美元的协同效应约占交易价值的12%[8] * 协同效应预计主要来自公司协同效应、债务再融资降低的利息成本、运营改进和供应链效率[8] * 交易完成后预计公司最近十二个月杠杆率约为0.8倍从杠杆角度看本质上是信用中性交易[11] 资产与运营 * Berry将增加约20,000桶/日的加州布伦特油价挂钩常规产量以及约20,000净英亩大部分相邻的土地[6] * Berry全资子公司C and J Well Services将帮助业务抵御未来成本通胀并支持负责任运营[9] * Berry在快速发展的Uinta盆地拥有大面积连续区块提供额外的石油加权运营和财务灵活性[9] * Berry在Uinta盆地拥有100,000英亩面积高工作权益大部分已由生产持有[50][51] * Berry在Uinta盆地的首个运营井垫(4口井3英里水平段)于8月投产目前日产约3,800桶油当量(93%为油7%为气)[52] * Berry在过去四年中以约70,000,000美元的年资本支出维持了产量稳定[47] * 合并后公司预计企业递减率与交易前趋势相同为10%至15%中值约12.5%[47] 战略与协同效应 * 交易增强了公司规模创造了显著的运营和成本协同效应加强了为加州提供负担得起、可靠和负责任生产能源的能力[5] * 交易与CRC的核心覆盖区域完美契合使CRC更具持久性并为资本分配提供了新的灵活性[5][6] * 公司有成功交付协同效应的良好记录在Era合并中提前实现了全部目标协同效应[8][21] * 协同效应的现值约为500,000,000美元主要通过人员精简、再融资和供应链实现基本无需额外资本支出[21][23] * 交易使公司能够继续执行股票回购计划并增加固定股息同时具备投资业务的能力[28] 行业与监管环境 * 加州近期立法行动鼓励本地生产以抵消对外国石油的依赖使此次以加州为重点的合并时机尤为重要[6][7] * 三项重要法案正等待州长签署SB 237法案认定当前县EIR充分消除了进一步诉讼风险并从2026年1月起消除CEQA相关延迟持续十年该法鼓励通过每年在克恩县许可最多2,000口新井进行本地生产[13] * SB 614法案解除了CO2管道禁令这对公司通过CTV商业化和扩展领先的碳管理业务至关重要[14] * AB 1207法案将州的限额与交易计划延长至2045年为支持能源转型提供了额外清晰度和重要激励[14] * 加州约75%的石油消费依赖进口对本地负责任生产能源的需求从未如此清晰[6] * 公司贡献了约22%的州内供应政府希望所有运营商 collectively 至少达到25%[26] 其他重要信息 * Berry拥有约66兆瓦的发电资产增强了公司在加州电力市场的灵活性和参与度[40] * 公司预计在州长签署法案后最多两个季度内就能开始增加增量活动[44][45] * 交易不需要任何锁定期或callers是 straightforward 的交易[61][62] * Berry的Uinta资产被视为附加功能带来期权价值公司将对其进行评估[36][37] * 交易不会对公司的碳封存孔隙空间或Class VI许可申请产生重大影响但增加了土地和通行权这对未来建设CO2管道基础设施极具价值[63][64]
California Resources (NYSE:CRC) Earnings Call Presentation
2025-09-15 21:00
Strategic Bolt-On Combination California's Leading Energy Platform Forward-Looking / Cautionary Statements – Certain Terms Additional Information and Where to Find It In connection with the transaction, California Resources Corporation ("CRC") will file with the U.S. Securities and Exchange Commission ("SEC") a registration statement on Form S-4 (the "registration statement"), which will include a proxy statement of Berry Corporation ("BRY") ("Berry") that also constitutes a prospectus of CRC, and any other ...
California Resources to merge with Berry Corp in $717 million deal
Reuters· 2025-09-15 20:16
U.S. energy company California Resources said on Monday it would buy oil producer Berry Corp in an all-stock deal, which would value the target at about $717 million, including debt. ...