Looking at the filing, I can see this is a Form 10-Q for California Resources Corporation for the quarterly period ended September 30, 2026, filed on November 3, 2026. The ticker is CRC on the New York Stock Exchange. The filing contains substantive content well above 150 words. Let me extract the key facts available in this extracted portion and produce the article.

California Resources Corporation filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 3, 2026, disclosing operational updates, segment results, and balance sheet data for the period.

Key Highlights

  • Share count: Common shares outstanding as of September 30, 2026 were 88,275,781, according to the filing.
  • Large accelerated filer: The company indicated it qualifies as a large accelerated filer under SEC definitions.
  • Berry Merger completed: The filing states the Berry Corporation all-stock merger had an effective date of December 18, 2025, following a definitive agreement entered September 14, 2025.
  • Crimson Acquisition closed: The company disclosed an all-cash acquisition of Crimson Midstream Holdings, LLC, with an effective date of September 1, 2026.
  • Carbon management segment: The filing identifies a Carbon Management segment alongside Oil and Natural Gas Operations as a reported business segment.
  • Net zero goal: The company disclosed a "Responsible Net Zero" goal adopted by the Board of Directors in May 2025, targeting at least an 80% reduction of absolute Scope 1 and 2 GHG emissions and neutralization of remaining emissions to achieve Net Zero by 2045.

California Resources Corporation: Q3 2026 Quarterly Filing Details

California Resources Corporation (NYSE:CRC), a Delaware-incorporated oil and natural gas company headquartered at 1 World Trade Center, Suite 1500, Long Beach, California 90831, filed its quarterly report on Form 10-Q for the period ended September 30, 2026. The filing covers the company's exploration and production operations as well as a Carbon Management segment, the latter involving carbon capture and storage activities in California.

According to the filing, the company completed the all-cash acquisition of Crimson Midstream Holdings, LLC from CorEnergy Infrastructure Trust Inc., with an effective date of September 1, 2026, referred to as the Crimson Acquisition. The Berry Merger, described as an all-stock combination with Berry Corporation (bry) under a definitive agreement dated September 14, 2025, became effective on December 18, 2025. The earlier Aera Merger, an all-stock transaction to acquire all ownership interests in Aera Energy LLC under a February 7, 2024 agreement, had an effective date of July 1, 2024.

The filing also references the Carbon TerraVault JV, described as "a joint venture between our wholly-owned subsidiary Carbon TerraVault I, LLC with Brookfield for the further development of a carbon management business in California." The company operates under a disclosed "Responsible Net Zero" emissions goal, adopted by its Board of Directors in May 2025, which the filing describes as consisting of "achieving at least an 80% reduction of absolute Scope 1 and 2 GHG emissions and neutralizing the remaining Scope 1 and 2 emissions to achieve Net Zero by 2045." The filing notes the company had 88,275,781 shares of common stock outstanding as of September 30, 2026, and confirmed it is a large accelerated filer.

What Was Disclosed

California Resources Corporation filed a quarterly report covering the period ended September 30, 2026, disclosing 88,275,781 shares outstanding, the completed Crimson Midstream acquisition effective September 1, 2026, the Berry Merger effective December 18, 2025, and ongoing Carbon Management segment operations.