Highest-materiality recent filing
CRC Q1 net loss $711M from derivatives; adjusted EBITDAX $304M; raises 2026 guidance 42%
Q1 net loss $711M primarily from non-cash loss in fair value of commodity derivatives; adjusted net income $79M, adjusted EBITDAX $304M.
CRC offers $250M additional 7.000% notes due 2034 to redeem 8.250% notes due 2029
Private offering of $250M in 7.000% senior unsecured notes due 2034 priced as additional series under existing indenture.
CRC reports Q4 net income $12M, 2025 net income $363M; 2026 production growth guidance 12%
Q4 net income $12M, adjusted net income $40M; full-year net income $363M, adjusted $359M. Adjusted EBITDAX $251M Q4, $1,241M full year.
CRC completes all-stock merger with Berry for ~$253M in CRC shares
CRC closed all-stock merger with Berry; Berry holders received ~5.6M CRC shares valued at ~$253M based on Dec 17 close.
HSR waiting period expires for CRC-Berry combination; deal still subject to other conditions
Hart-Scott-Rodino waiting period expired at 11:59 p.m. ET on November 10, 2025, for CRC's acquisition of Berry.
CRC posts Q3 net income $64M, raises dividend 5%, updates on Berry merger
Net income $64M ($0.76 dil. EPS); adjusted net income $123M ($1.46 dil. EPS); adjusted EBITDAX $338M.
CRC increases credit facility commitment to $1.45B, adds new lenders
Aggregate elected commitment raised from $1.15B to $1.45B via Seventh Amendment.
CRC issues $400M 7% senior notes due 2034 tied to Berry merger
Issued $400M aggregate principal of 7.000% senior notes due Jan 15, 2034.
CRC announces $400M senior unsecured notes due 2034 to fund Berry merger debt repayment
$400M aggregate principal senior unsecured notes due 2034; guaranteed by existing subsidiaries that also back CRC's revolving facility and 7.125%/8.250% notes.
CRC prices $400M 7.000% senior notes due 2034 to fund Berry merger
Private offering of $400M aggregate principal at par; 7.000% coupon, maturity 2034.
CRC to acquire Berry Corp (bry); Berry shareholders get 0.0718 CRC shares per share
CRC to merge with Berry; each Berry share converts to 0.0718 shares of CRC common stock.
CRC to acquire Berry in all-stock deal valued at ~$717M; 94% ownership for CRC shareholders
Berry shareholders get 0.0718 CRC shares per BRY share, a 15% premium based on 9/12/25 closing prices.
CRC Q2 net income $172M, adj. EBITDAX $324M; raises 2025 production and EBITDAX guidance
Net income $172M ($1.92 diluted EPS); adjusted net income $98M ($1.10 adjusted diluted EPS).
CRC to repurchase 4.95M shares from IKAV for $227.7M; director Saadati to resign
Bobby Saadati will resign from CRC board upon closing of $227.7M share repurchase from IKAV.
Mr. Saadati will resign from the Company’s Board of Directors (the “ Board ”), effective upon consummation of the Stock Repurchase.
Max materiality 0.88 · Median 0.65 · Most common event debt