California Resources Corp. , an independent California-based oil and gas exploration and production company, today reported a net loss attributable to common stock of $138 million, or $3.23 per diluted share, for the fourth quarter of 2017. The adjusted net loss1 for the fourth quarter of 2017 was $14 million, or $0.33 per diluted share. For the full year of 2017, the CRC net loss was $266 million, or $6.26 per diluted [...]
California Resources Corp. announced that Mark Smith, Senior Executive Vice President & CFO, will be presenting at the J.P. Morgan 2018 Global High Yield & Leveraged Finance Conference Wednesday, February 28, 2018 in Miami, Florida. The presentation materials utilized at the conference will be available on the day of the event on the “Earnings and Presentations” page in the Investor Relations section on [...]
California Resources Corp. announced today that it entered into a midstream joint venture with a portfolio company of the Private Equity Group of Ares Management, L.P. The Ares portfolio company invested $750 million for certain common and preferred equity interests in the venture. In addition, the Ares-led investor group purchased approximately 2.34 million shares of common stock of CRC in a private placement for an [...]
California Resources Corp. will host its fourth quarter and full year financial results conference call on Monday, February 26th at 5:00 p.m. Eastern Standard Time. The Company’s earnings and guidance will be released following the market close on the same date. We encourage participants to pre-register for the conference call webcast using the following link http://dpregister.com/10115435. Callers who pre-register [...]
California Resources Corp. announced that Mark Smith, Senior Executive Vice President & CFO, will be participating at the Goldman Sachs Global Energy Conference on Tuesday, January 9, 2018 in Miami, Florida. The presentation materials utilized at the conference will be available on the day of the event on the “Earnings and Presentations” page in the Investor Relations section on www.crc.com. About California [...]
California Resources Corp. announced that it will be participating at the Cowen and Company’s 7th Annual Energy & Natural Resources Conference and the Global Mizuho Investor Conference 2017 in New York on Monday, December 4th, 2017. Mark Smith, Senior Executive Vice President and CFO will be presenting a live audio webcast at Cowen and Company’s 7th Annual Energy & Natural Resources Conference on Monday [...]
California Resources Corp. announced today that it successfully closed a $1.3 billion first lien secured term loan facility . The 2017 Term Loan has a 5-year term, bears interest at a rate of LIBOR plus 4.75% per annum, subject to a 1.00% LIBOR floor, and was issued with original issue discount of 2%. Proceeds from the 2017 Term Loan are being used to repay outstanding indebtedness under our 2014 senior credit facility [...]
California Resources Corp. announced that it will be participating at the Seaport Global 6th Annual San Francisco Energy Day Conference in San Francisco, California on Tuesday, November 14, 2017 and at the Bank of America Merrill Lynch 2017 Global Energy Conference in Miami Beach, Florida on Thursday, November 16, 2017. The Company’s accompanying investor presentation for these events will be available on the [...]
California Resources Corp. (NYSE:CRC), an independent California-based oil and gas exploration and production company, today reported a net loss attributable to common stock (CRC net loss) of $133 million, or $3.11 per diluted share, for the third quarter of 2017, compared with net income attributable to common stock (CRC net income) of $546 million, or $13.04 per diluted share, for the third quarter of 2016. The adjusted [...]
California Resources Corp. (NYSE: CRC) announced that it will be participating in Johnson Rice & Company’s 2017 Energy Conference in New Orleans on September 27th, 2017. The slides for the presentations will be available on the day of the event on the “Earnings and Presentations” page (select the “Investor Presentations” tab) in the Investor Relations section at www.crc.com. About California [...]
California Resources Corp. (NYSE: CRC) will host its third quarter financial results conference call on Monday, November 6 at 5:00 p.m. Eastern Standard Time. The Company’s earnings will be released following the market close on the same date. We encourage participants to pre-register for the conference call webcast using the following link http://dpregister.com/10111633. Callers who pre-register will be given a [...]
California Resources Corp. (NYSE:CRC), an independent California-based oil and gas exploration and production company, today reported a net loss attributable to common stock (CRC net loss) of $48 million or $1.13 per diluted share for the second quarter of 2017, compared with a net loss of $140 million or $3.51 per diluted share for the second quarter of 2016. For the first six months of 2017, CRC reported net income [...]
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