California Resources Corporation plans to release its second quarter 2026 financial results on Monday, August 10, 2026, before market hours. The company will hold a conference call to discuss these financial results on the same day at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time). This announcement provides investors with the opportunity to review the company's performance for the quarter.

Participants are encouraged to pre-register for the conference call to receive a conference passcode and unique PIN, allowing immediate access and bypassing the live operator. Pre-registration is available at any time, including up to and after the call start time. Alternatively, participants can dial (877) 328-5505 domestically or +1-412-317-5421 for international callers.

A webcast of the conference call will be accessible at www.crc.com . Following the live event, a digital replay of the call will be archived for approximately 90 days on the Investor Relations page of the company's website. This ensures that stakeholders can access the discussion at their convenience.

California Resources Corporation is an independent energy and carbon management company focused on advancing the energy transition. The company is committed to environmental stewardship while providing responsibly sourced energy. Additionally, CRC is developing carbon capture and storage projects to maximize the value of its land and mineral ownership for decarbonization.

Conference Call Details

California Resources Corporation announced the pricing of its private offering of $550 million in aggregate principal amount of its 7.250% senior unsecured notes due 2035 at par. The offering is expected to close on June 26, 2026, subject to customary closing conditions. The company estimates that the net proceeds from the offering will be approximately $541 million after deducting the initial purchasers' discount and estimated expenses.

California Resources Corporation intends to use the net proceeds from this offering, together with borrowings under its revolving credit facility and cash on hand, to redeem all outstanding $550 million in aggregate principal amount of its 8.250% senior notes due 2029. The redemption price for the 2029 notes is set at 104.125% of the principal amount, plus accrued and unpaid interest to, but excluding, the date of redemption. The redemption of the 2029 notes is conditioned on the completion of the offering of the new notes, although the offering itself is not contingent on the redemption.

The notes will be guaranteed by all of the company's existing subsidiaries that guarantee its revolving credit facility, its 8.250% senior notes due 2029, and its 7.000% senior notes due 2034, as well as certain future subsidiaries. The notes have not been registered under the Securities Act of 1933 or any state securities laws. They will be offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act and non-U.S. persons in transactions outside the United States in reliance on Regulation S.

Key Details of the Offering

California Resources Corporation is an independent energy and carbon management company focused on environmental stewardship and decarbonization projects. The company is advancing the energy transition while providing responsibly sourced energy and developing carbon capture and storage initiatives.