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 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/10086916. Callers who pre-register will be given a conference [...]
California Resources Corp. (NYSE: CRC) today announced that it received notice of an unsolicited “mini-tender” offer by TRC Capital Corporation (TRC Capital) to purchase up to 1.5 million shares of CRC common stock at a price of $11.45 per share in cash. The offering price is approximately 5.1 percent below the closing price per share of CRC common stock on June 28, 2016, the last trading day prior to the [...]
California Resources Corp. (NYSE: CRC) today announced that it will be participating at the J.P. Morgan’s Inaugural Energy Equity Conference in New York on June 28th, 2016. The slides utilized at the conference 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 on crc.com. About [...]
California Resources announced today that at the close of business on May 31, 2016, it effected a 1-for-10 reverse stock split. Each 10 shares of the Company’s common stock outstanding were combined into 1 share of common stock. The reverse stock split affects all issued and outstanding shares of the Company’s common stock, as well as common stock underlying stock options and other stock-based compensation immediately [...]
California Resources today announced an adjusted net loss1 of $100 million or ($0.26) per diluted share for the first quarter of 2016, compared with an adjusted net loss of $97 million or ($0.25) per diluted share for the first quarter of 2015. Adjusted EBITDAX2 for the first quarter of 2016 was $124 million, compared with $198 million for the first quarter of 2015.
California Resources will host its first quarter financial results conference call on Thursday, May 5th, at 5:00 p.m. 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. Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call [...]
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