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California Resources raises 2026 EBITDAX guidance 42%, boosts drilling to accelerate oil production growth.

Company Fundamentals
05 May 2026
GlobeNewsWire
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Bullish
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California Resources Corporation reported a net loss of $711 million in Q1 2026 due to non-cash derivative losses but posted an adjusted net income of $79 million. The company plans to increase drilling activity in the second half of 2026, raising its capital budget to $520-$560 million and boosting 2026 adjusted EBITDAX guidance by 42% to $1.45 billion, driven by strong oil prices and operational efficiencies. Production is expected to grow about 1% by year-end, supported by higher oil prices and merger synergies. CRC also continues to advance its carbon capture project and maintains strong liquidity with $1.276 billion available.

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T3 Defense announces 1-for-125 reverse stock split to boost share price and meet NASDAQ rules.

T3 Defense announces 1-for-125 reverse stock split to boost share price and meet NASDAQ rules.

T3 Defense Inc. will execute a 1-for-125 reverse stock split on July 20, 2026, combining every 125 shares into one to increase its share price. This move aims to raise the stock price from its current low of $0.05 per share and comply with NASDAQ lis...

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GE Aerospace beats Q2 earnings and revenue estimates on strong aerospace demand.

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General Electric, now operating as GE Aerospace, reported strong Q2 2026 earnings with EPS of $2.02 and revenue of $13.35 billion, both exceeding analyst expectations. The company's growth was driven by high demand in its commercial aerospace service...

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Heilind Electronics now offers Brady's portable i4311 industrial label printer with cordless, wide-format capability.

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American Kidney Fund (AKF) meluncurkan kursus online baru tentang lupus nefritis untuk meningkatkan kesadaran dan pengetahuan tentang penyakit ginjal.

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Others
Neutral
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UnitedHealth Group beats Q2 earnings estimates, raises full-year profit forecast.

UnitedHealth Group beats Q2 earnings estimates, raises full-year profit forecast.

UnitedHealth Group reported strong Q2 earnings per share of $6.38, surpassing analyst estimates of around $4.90. Revenue also exceeded expectations at $112.03 billion, showing continued growth from last year. Following the results, the company raised...

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Bullish
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