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California Resources (CRC) - 2025 Q1 - Earnings Call Presentation
CRCCalifornia Resources (CRC)2025-05-07 11:05
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  1. BALANCE SHEET & HEDGE BOOK STRENGTH REDUCE 2025 RISK ~70% of remaining 2025E net production hedged at a floor price of ~67/bblBrentdrivescashflowstabilityIntegratedstrategyprovidesrevenuediversification(powerandnaturalgasmarketingwithCMBindevelopment)Strengthenedfinancialposition–0.7x2025ENetLeverage∗,4:redeemed67/bbl Brent drives cash flow stability Integrated strategy provides revenue diversification (power and natural gas marketing with CMB in development) Strengthened financial position – 0.7x 2025E Net Leverage*, 4: redeemed 123MM of 2026 Senior Notes in February 2025, targeting to address the balance in 2025 See slide 25 for "Assumptions, Estimates and Endnotes". 2 First Quarter 2025 R ...