California Resources Corp

California Resources Corporation ( CRC ) Q3 2026 Earnings Call November 3, 2026 1:00 PM EST Company Participants Daniel Juck - Vice President of Investor Relations Francisco Leon - CEO, President & Director Clio Crespy - Executive VP & CFO Conference Call Participants Scott Hanold - RBC Capital Markets, Research Division Wei Jiang - Barclays Bank PLC, Research Division Joshua Silverstein - UBS Investment Bank, Research Division Arun Jayaram - JPMorgan Chase & Co, Research Division David Deckelbaum - Stifel, Nicolaus & Company, Incorporated, Research Division Nathaniel Pendleton - Texas Capital Securities, Research Division Scott Gruber - Citigroup Inc., Research Division Presentation Operator Good day, and welcome to the California Resources Corporation Third Quarter 2026 Conference Call. [Operator Instructions] Please note this event is being recorded.

California Resources NYSE: CRC reported third-quarter 2026 production, cash flow and adjusted EBITDAX above its expectations, while outlining plans to expand its California-focused infrastructure, power and carbon-management businesses.

A Wall Street upgrade and a new carbon-capture partnership in California are pulling Bloom Energy (NYSE:BE) out of a sharp autumn decline. Bloom Energy stock is at $217.21, up 11% as trading gets underway.

Bloom Energy Corporation (NYSE:BE) shares are trading higher Tuesday after the company announced it signed a memorandum of understanding with California Resources Corporation (NYSE:CRC) and its carbon management business, Carbon TerraVault, to jointly evaluate and target the potential development of 1 gigawatt or more of solid-oxide fuel cell power generation paired with carbon capture and storage in California.