• California Resources Corporation issued second-quarter 2026 outlook for carbon management business capital spending of $2 million-$5 million, projecting full-year 2026 capital of $12 million-$20 million.
• Forecast calls for other operating expenses, net of $2 million-$10 million in Q2, rising to $20 million-$30 million for 2026.
• General and administrative expense guidance set at $2 million-$4 million for Q2, targeting $6 million-$12 million for full-year 2026.
• Guidance follows first-quarter carbon management results that included $12 million of capital investments, $5 million of other operating expenses, $3 million of G&A, and adjusted EBITDAX loss of $8 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. California Resources Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605051630PRIMZONEFULLFEED9713624) on May 05, 2026, and is solely responsible for the information contained therein.