California Resources sold Uinta assets: California Resources stock gains 1.66 percent
Published on 10/08/2026 at 20:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- California Resources sold its Uinta Basin assets for USD 90.00 million in cash consideration on September 17, 2026.
- Second-quarter 2026 oil, natural gas and natural gas liquids revenue reached USD 1.06 billion, up 50.40 percent year over year.
- The Lang & Schwarz price was EUR 47.27 on October 8, 2026 at 8:19 p.m. CEST, plus 1.66 percent versus EUR 46.50.
California Resources stock (ISIN US13057Q3056) was trading at EUR 47.27 at Lang & Schwarz on October 8, 2026 at 8:19 p.m. CEST, up 1.66 percent versus the EUR 46.50 prior close on October 7, 2026. California Resources had sold its Uinta Basin assets for USD 90.00 million in cash consideration on September 17, 2026, according to StockTitan.
California assets become the priority
The divestiture covers non-core Uinta Basin holdings acquired through the Berry merger. The company said the transaction aligns its portfolio with California operations and gives it cash for shareholder returns and other corporate purposes, while closing remains subject to third-party consents.
The sale also changes the balance of CRC's recent portfolio moves. On September 1, 2026, California Resources completed the Crimson Midstream acquisition for USD 63.00 million in cash, as reported by Zonebourse.
What did the latest quarter show?
In the second quarter of 2026, oil, natural gas and natural gas liquids revenue reached USD 1.06 billion, up 50.40 percent from USD 702.00 million a year earlier. Adjusted earnings per share were USD 0.99, down 10.00 percent from USD 1.10 and 24.40 percent below the USD 1.31 consensus estimate, according to Yahoo Finance.
Operating cash flow for the second quarter was USD 263.00 million, up 59.40 percent from USD 165.00 million in the prior-year quarter. Average net production reached 149,000 barrels of oil equivalent per day, compared with 137,000 a year earlier, while oil represented 81.00 percent of production.
Results date gives the next checkpoint
California Resources scheduled its third-quarter 2026 results for November 2, 2026, after market hours, followed by a conference call on November 3, 2026, according to GlobeNewswire. The upcoming report will show whether the California-focused portfolio and midstream integration are translating into stronger cash generation.
Stock trades above its prior close
California Resources was trading at EUR 47.27 at Lang & Schwarz on October 8, 2026 at 8:19 p.m. CEST, plus 1.66 percent versus the EUR 46.50 prior close on October 7, 2026. The primary listing is on the NYSE, where the finance quote was USD 52.92 on October 8, 2026, against a 52-week range of USD 43.24 to USD 71.98 and a market capitalization of USD 4.7 billion.
The further course of trading is shown by the continuously updated real-time quote of California Resources stock.
California Resources stock at a glance
- Company: California Resources Corporation
- ISIN: US13057Q3056
- Ticker: CRC
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 8, 2026, 8:19 p.m. CEST): EUR 47.27
- Change versus prior close: plus 1.66 percent
- Prior close Lang & Schwarz (October 7, 2026): EUR 46.50
- Market capitalization: USD 4.7 billion (as of October 8, 2026)
- 52-week range: USD 43.24-71.98 (as of October 8, 2026)
- Sector / Industry: Energy / Oil and Gas Exploration and Production
Market context: Market report S&P 500.
