California Resources Corp. (NYSE: CRC) today announced that Mark Smith, Senior Executive Vice President & CFO, will be participating in the Cowen and Company Energy & Natural Resources Conference on December 6th in New York City and the Wells Fargo 15th Annual Energy Symposium on December 7th in New York City. The presentation materials utilized at both conferences will be available on the day of the event on the [...]
California Resources Corp. (NYSE: CRC) today announced that Todd Stevens, President and CEO, will be presenting at the Bank of America Merrill Lynch 2016 Global Energy Conference on November 17th at 2:50 p.m. ET in Miami, Florida. The slides and webcast for the presentation will be available on the day of the event on the “Earnings and Presentations” page (select the “Investor Presentations” tab [...]
California Resources Corp. (NYSE:CRC), an independent California-based oil and gas exploration and production company, today announced net income of $546 million or $13.06 per diluted share for the third quarter of 2016, compared with a net loss of $104 million or $2.72 per diluted share for the same period in 2015. The adjusted net loss1 for the third quarter of 2016 was $71 million or $1.75 per diluted share, compared [...]
California Resources Corp. (NYSE: CRC) will host its third quarter financial results conference call on Thursday, November 3rd at 5:00 pm Eastern Daylight 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 using the following link http://dpregister.com/10091742. Callers who pre-register will be given a [...]
California Resources Corp. (NYSE: CRC) today announced that Todd Stevens, President and CEO, will be presenting at the Barclays CEO Energy-Power Conference on September 6th at 3:45pm ET in New York City. The slides and webcast for the Barclay’s presentation will be available on the day of the event on the “Earnings and Presentations” page (select the “Investor Presentations” tab) in the [...]
California Resources Corp. (NYSE:CRC) today announced that its tender offer was oversubscribed as of the Early Participation Time on August 12, 2016. Because the tender offer was oversubscribed, CRC will accept unsecured notes tendered prior to the Early Participation Time based on the Acceptance Priority Levels as provided in the Offer to Purchase (as defined below) and will not accept any notes tendered after the Early [...]
California Resources Corp. (NYSE: CRC) today announced that it increased from $525 million to $750 million the maximum amount of cash (the “Maximum Consideration Amount”) it may use to purchase its outstanding 5.0% Senior Notes due 2020, 5.5% Senior Notes due 2021, 6.0% Senior Notes due 2024 (together, the “Unsecured Notes”) and 8.00% Second Lien Secured Notes due 2022 (the “8% Notes&rdquo [...]
California Resources Corp. (NYSE: CRC or “Company”) announced today that it successfully priced a proposed one billion dollar new first lien secured credit facility arranged by Goldman Sachs Bank USA, acting as Lead Arranger and Bookrunner (“Syndicated Facility”). The Syndicated Facility would allow the Company to reduce outstanding amounts under its existing bank group credit facility [...]
California Resources Corp. ("CRC" or the "Company") (NYSE:CRC), an independent California-based oil and gas exploration and production company, today announced a net loss of $140 million or $3.51 per diluted share for the second quarter of 2016, compared with a net loss of $68 million or $1.78 per diluted share for the same period in 2015. The adjusted net loss1 for the second quarter of 2016 was $72 million or $1.80 per [...]
California Resources Corp. (NYSE: CRC) has rescheduled its second quarter financial results conference call on Thursday, August 4th to 8:00 am Eastern Daylight Time. The Company’s earnings will be released before the market open on the same date. We strongly encourage participants to pre-register for the conference call using the following link http://dpregister.com/10086916. Callers who pre-register will be given a [...]
California Resources Corp. (NYSE: CRC) today announced the commencement of its offer to purchase (the “Tender Offers”), upon the terms and conditions set forth in the offer to purchase, dated August 1, 2016 (the “Offer to Purchase”), and the related letter of transmittal (“Letter of Transmittal”), up to a combined aggregate principal amount of its outstanding 5.0% Senior Notes due 2020 [...]
In the release issued July 21, 2016, the dial-in phone numbers for the conference call have been updated. The corrected release reads: California Resources Corp. ANNOUNCES ITS SECOND QUARTER 2016 EARNINGS RELEASE AND CONFERENCE CALL California Resources Corp. (NYSE: CRC) will host its second quarter financial results conference call on Thursday, August 4th at 5:00 pm Eastern Daylight Time. The Company’s earnings [...]
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