California Resources Corp 8K

California Resources Corporation reported strong Q2 2026 results, announced a $63 million Crimson Midstream acquisition, refinanced debt, advanced key projects including Carbon TerraVault I and the Golden Valley Technology Hub, updated 2026 guidance, and declared a $0.405 quarterly dividend.

On August 10, 2026, California Resources Corporation reported its second quarter 2026 financial and operating results, including net income of $514 million (driven in part by non-cash derivative gains), adjusted net income of $88 million, adjusted EBITDAX of $338 million, free cash flow of $114 million, and liquidity of $1.322 billion, while announcing a definitive agreement to acquire Crimson Midstream Holdings, LLC from CorEnergy Infrastructure Trust, Inc. for $63 million in cash, the successful refinancing of its 2029 senior notes via a $550 million 7.250% senior notes due 2035 issuance, operational efficiency improvements that reduced California long-term maintenance capital requirements, advancement of its Golden Valley Technology Hub data center project with Beacon Data Centers, initial CO₂ injection and revenue at Carbon TerraVault I, updated 2026 guidance, and the declaration of a $0.405 per share quarterly cash dividend payable September 18, 2026 to shareholders of record on September 4, 2026.

Filing Facts

CIK

1609253

Ticker

-

Form

8K

Source Type

sec

Accession

0001609253-26-000127

Alert Tier

7