First Quarter 2024 Results May 7, 2024 Presenters Francisco Leon President and Chief Executive Officer Nelly Molina EVP and Chief Financial Officer Key Takeaways Key Takeaways ...

财务数据和关键指标变化 - 第一季度公司产生了5400万美元的经调整净收益,每股0.75美元 [23] - 第一季度公司产生了8700万美元的经营活动现金流,自由现金流为3300万美元 [25] - 公司维持了强劲的资产负债表,第一季度末流动性为8.8亿美元,负债率为0.2倍 [26] 各条业务线数据和关键指标变化 - 第一季度公司总产量为每天76,000桶油当量,其中48,000桶为原油,符合指导范围 [23] - 第二季度公司预计总产量将达到每天93,000桶油当量,净产量将在74,000-78,000桶油当量之间,原油占比61% [27] 各个市场数据和关键指标变化 - 公司在洛杉矶和橙县的运营资产获得了MiQ甲烷排放绩效标准的A级认证,突出了公司在可持续性标准、持续监测和减少甲烷排放方面的承诺 [19] - 公司已将2013年基准年的甲烷排放量减少50%,超过了2030年的目标,并于2022年设定了新的目标,将2020年基准年的甲烷排放量再减少30% [19] 公司战略和发展方向及行业竞争 - 公司宣布与Aera合并,这一具有高度吸引力的交易将增加规模、增强常规业务的持久性,并大幅扩大公司的碳管理机会 [8] - 公司预计将在2024年中期完成Aera合并,并将在此后6个月内实现5000万美元的协同效应 [18] - 公司正在积极推进CTV 1项目的许可,预计将在2024年下半年获得最终许可,并在2025年底开始二氧化碳注入 [20-21] 管理层对经营环境和未来前景的评论 - 公司在第一季度保持了强劲的运营执行,并在实现长期目标方面取得了进展 [8] - 公司预计2024年全年资本支出将在2亿到2.4亿美元之间,维持一个钻机的运营计划,预计全年产量将下降5%-7% [12-13] - 公司有信心在2025年下半年恢复到更高水平的钻井活动,并对CTV项目的进展感到鼓舞 [31] 问答环节重要的提问和回答 问题1 **Scott Hanold 提问** 关于CTV项目许可的时间表和进展的更多细节 [34-38] **Francisco Leon 回答** 公司对获得最终许可的信心很强,预计将在2024年下半年获得最终许可,并在同期实现FID [35-38] 问题2 **Kalei Akamine 提问** 关于合并后的现金使用计划,包括股票回购和债务偿还的平衡 [54-57] **Francisco Leon 回答** 公司将优先偿还Aera的债务,将杠杆降至0.5倍以下,之后将重点放在增加股息和股票回购上 [55-58] 问题3 **Nate Pendleton 提问** 关于公司在加州天然气市场的主导地位如何为数据中心电力需求创造机会 [66-71] **Francisco Leon和Chris Gould回答** 公司的Elk Hills电厂和CTV项目为数据中心提供了可靠的碳中和电力解决方案,公司正在与数据中心进行早期接触和洽谈 [66-71]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission file number 001-36478 California Resources Corporation (Exact name of registrant as specified in its charter) Delaware 46-5670947 ( ...

The market expects California Resources Corporation (CRC) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on May 7, 2024, might help the stock move higher if these ke ...

董事候选人提名 - Christian S. (Chris) Kendall被提名为California Resources Corporation (CRC)的董事候选人[1] 经验和成就 - Kendall在新能源领域有着丰富的经验和成就[3] 公司介绍 - CRC是一家致力于能源转型的独立能源和碳管理公司[5]

February 27, 2024 Fourth Quarter and Year End 2023 Results Forward – Looking / Cautionary Statements – Certain Terms This document contains statements that we believe to be "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than historical facts are forward-looking statements, and include statements regarding our future financial position, business strategy, projected revenues, earnings, co ...

California Resources Corporation (NYSE:CRC) Q4 2023 Earnings Conference Call February 28, 2024 1:00 PM ET Company Participants Joanna Park - Vice President, Investor Relations and Treasurer Francisco Leon - Chief Executive Officer Nelly Molina - Chief Financial Officer Chris Gould - Chief Sustainability Officer Conference Call Participants Scott Hanold - RBC Capital Markets Kalei Akamine - Bank of America Nate Pendleton - Stifel Leo Mariani - ROTH MKM Noel Parks - Tuohy Brothers Investment Research Operator ...

For the quarter ended December 2023, California Resources Corporation (CRC) reported revenue of $726 million, up 6.5% over the same period last year. EPS came in at $0.93, compared to $1.24 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $610.7 million, representing a surprise of +18.88%. The company delivered an EPS surprise of -7.92%, with the consensus EPS estimate being $1.01.While investors closely watch year-over-year changes in headline numbers -- revenue and ...

California Resources Corporation (CRC) came out with quarterly earnings of $0.93 per share, missing the Zacks Consensus Estimate of $1.01 per share. This compares to earnings of $1.24 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -7.92%. A quarter ago, it was expected that this company would post earnings of $0.79 per share when it actually produced earnings of $1.02, delivering a surprise of 29.11%.Over the last four quarte ...

财务表现 - CRC报告的净收入为5.64亿美元，每股摊薄收益为7.78美元。调整后的净收入为3.72亿美元，每股5.13美元[3] - CRC在2023年实现了强劲的资本效率，实现了低于预期的总资本，交付了6%的进入到退出的毛产量下降[3] - CRC通过股票回购、债务回购和股息向利益相关者返还了2.8亿美元，超过了2023年自由现金流的一半[3] 运营数据 - CRC在2023年平均每天净产量为86千桶油当量，其中油产量平均为52千桶/天[3] - CRC在第四季度的日均毛产量为98千桶油当量，净产量为83千桶油当量[5] - CRC在2023年第四季度的运营成本平均为每桶24.49美元，较第三季度的24.96美元有所下降[6] 业务发展 - CRC宣布获得加利福尼亚州首个美国环保局（EPA）的第六类井许可，用于埃尔克山地的地下二氧化碳（CO2）注入和储存[3] - CRC计划于2024年下半年完成与Aera Energy的合并交易，预计将提高整体业务的运营规模[3] - CRC通过业务转型计划实现了每年6,500万美元的可持续成本节约[3] 投资者关系 - CRC的高管将参加2024年3月和4月的几个投资者会议，包括MS Global Energy and Power Conference、CERAWeek 2024、Capital One Carbon Capture Conference和North America CCUS & Hydrogen Decarbonization Summit[31] - CRC将于2024年2月28日举行电话会议，参与者可通过拨打电话或网络注册参与[32] - CRC将在未来90天内存档电话会议的数字回放，并在其网站的投资者关系部分提供会议的补充幻灯片[33]