California Resources Corp Files 8-K on Operations & Financials
Ticker: CRC · Form: 8-K · Filed: Jan 4, 2024 · CIK: 1609253
Complexity: simple
Sentiment: neutral
Topics: financial-condition, operations, 8-K, disclosure
TL;DR
**CRC just dropped an 8-K on its financials, time to check their numbers.**
AI Summary
California Resources Corp filed an 8-K on January 4, 2024, to report on its 'Results of Operations and Financial Condition' and 'Financial Statements and Exhibits.' This filing indicates that the company is providing an update on its financial performance and operational status, which is crucial for investors to understand the company's current health and future prospects. For shareholders, this matters because it offers transparency into how the company is performing, potentially influencing stock valuation and future investment decisions.
Why It Matters
This filing provides an update on California Resources Corp's financial health and operational performance, which is essential for investors to assess the company's current standing and future outlook.
Risk Assessment
Risk Level: low — This 8-K is a routine disclosure of financial and operational updates, not indicating any immediate high-risk events.
Analyst Insight
A smart investor would review the full 'Results of Operations and Financial Condition' and 'Financial Statements and Exhibits' once they become available to understand the specifics of California Resources Corp's performance and financial health.
Key Numbers
- 001-36478 — Commission File Number (identifies the company's registration with the SEC)
- 46-5670947 — IRS Employer Identification No. (unique tax identification for the company)
Key Players & Entities
- California Resources Corp (company) — the registrant filing the 8-K
- January 4, 2024 (date) — date of earliest event reported and filing date
- New York Stock Exchange (company) — exchange where CRC Common Stock is registered
- 001-36478 (dollar_amount) — Commission File Number
- 46-5670947 (dollar_amount) — IRS Employer Identification No.
FAQ
What is the purpose of this 8-K filing by California Resources Corp?
The purpose of this 8-K filing is to report on 'Results of Operations and Financial Condition' and 'Financial Statements and Exhibits' as per Item 2.02 and Item 9.01 of Form 8-K.
When was the earliest event reported in this 8-K filing?
The date of the earliest event reported in this 8-K filing was January 4, 2024.
What is the trading symbol for California Resources Corp's Common Stock and on which exchange is it registered?
The trading symbol for California Resources Corp's Common Stock is CRC, and it is registered on the New York Stock Exchange.
What is the business address of California Resources Corp as stated in the filing?
The business address of California Resources Corp is 1 World Trade Center, Suite 1500, Long Beach, California 90831.
Is California Resources Corp considered an emerging growth company according to this filing?
No, the filing indicates with an unchecked box that California Resources Corp is not an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Filing Stats: 673 words · 3 min read · ~2 pages · Grade level 12.4 · Accepted 2024-01-04 06:02:06
Filing Documents
- crc-20240104.htm (8-K) — 27KB
- ex9920240104final.htm (EX-99.1) — 4KB
- ex9920240104final001.jpg (GRAPHIC) — 109KB
- ex9920240104final002.jpg (GRAPHIC) — 115KB
- ex9920240104final003.jpg (GRAPHIC) — 61KB
- 0001609253-24-000003.txt ( ) — 553KB
- crc-20240104.xsd (EX-101.SCH) — 2KB
- crc-20240104_lab.xml (EX-101.LAB) — 25KB
- crc-20240104_pre.xml (EX-101.PRE) — 13KB
- crc-20240104_htm.xml (XML) — 3KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On January 4, 2024, California Resources Corporation (the "Company") posted an updated investor presentation on its website at www.crc.com. The presentation includes updated fourth quarter and year-end 2023 guidance for certain estimated operating and financial results. Copies of the slides with updated guidance are furnished as Exhibit 99.1 to this report on Form 8-K and are incorporated herein by reference. The information contained in this report and the exhibit hereto shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and shall not be incorporated by reference into any filings made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as may be expressly set forth by specific reference in such filing. The Company undertakes no duty or obligation to publicly update or revise the information contained in this report, although the Company may do so from time to time as management believes is warranted. Any such updating may be made through the filing of other reports or documents with the SEC, through press releases or through other public disclosure including disclosure in the Investor Relations portion of the Company's website.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Excerpts from Investor Presentation dated January 4, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 1 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. California Resources Corporation /s/ Michael L. Preston Name: Michael L. Preston Title: Executive Vice President, Chief Strategy Officer and General Counsel DATED: January 4, 2024