California Resources Corp sets 1% entry-to-exit gross production growth and $1.45B adjusted EBITDAX for 2026 as rig count expands.
California Resources Corp (CRC) raised its 2026 entry-to-exit gross production growth target to 1% and projected $1.45 billion in adjusted EBITDAX. The company plans to ramp up operations to seven rigs to support the outlook.
The revised targets follow prior guidance and reflect expectations for improved operational efficiency. CRC’s production growth and EBITDAX projections align with its strategy to optimize asset performance amid stable commodity prices.
No immediate market reaction was disclosed in the announcement.