California Resources Corporatio

CRC · Energy

$53.88

Κεφαλαιοποίηση: 4.79B USDΜερισματική απόδοση: +3.05%
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Zacks Investment Research2 Σεπ 2026, 2:03 μ.μ.

California Resources Completes $63M Acquisition of Crimson Midstream

California Resources Corporation (CRC) has completed its $63 million acquisition of Crimson Midstream Holdings from CorEnergy Infrastructure Trust. The deal expands CRC's midstream infrastructure in California, providing greater control over oil transportation to higher-value markets and improving operational flexibility. CRC is also evaluating Crimson's pipeline corridors for potential CO2 transportation as part of its carbon management strategy. Near-term financial contribution is expected to be modest, with Q3 2026 G&A and capital expenses estimated at $1-2 million each.