California Resources Corporation (CRC) Q3 2024 Earnings Call Transcript Summary
California Resources Corporation (CRC) Q3 2024 Earnings Call Transcript Summary
Liquidity remains strong at $1.15 billion, and CRC is committed to reducing debt towards their leverage target in 2025 while continuing dividend and share repurchase programs.The following is a summary of the California Resources Corporation (CRC) Q3 2024 Earnings Call Transcript:
以下是加州資源公司（CRC）2024年第三季度業績會交易摘要：
Financial Performance:
財務表現:
CRC reported third quarter production averaged 145,000 barrels of oil equivalent per day and oil averaged 113,000 barrels per day, with oil sold at 96% of Brent after hedges.
Adjusted EBITDAX for the quarter reached $402 million, and the company achieved $141 million in free cash flow.
Liquidity remains strong at $1.15 billion, and CRC is committed to reducing debt towards their leverage target in 2025 while continuing dividend and share repurchase programs.
CRC報告，第三季度產量平均每天達到145,000桶石油當量，石油平均每天達到113,000桶，石油在對沖後以Brent的96%出售。
調整後的EBITDAX達到了40200萬美元，公司實現了14100萬美元的自由現金流。
流動性保持強勁，達到11.5億美元，CRC致力於在2025年實現減少債務至槓桿目標的同時繼續股息和回購計劃。
Business Progress:
業務進展：
CRC has successfully integrated Aera Energy, becoming California's largest producer with a portfolio of high quality, low decline and low capital intensity conventional fields.
The company has implemented over 55% of the $235 million annual synergies projected from the Aera integration.
CRC is advancing several projects in its carbon management business and plans to break ground on its first carbon capture to storage project at Elk Hills following EPA permit approval.
CRC成功整合了Aera Energy，成爲加州最大的生產商，擁有一系列高質量、低衰減和低資本密集度的傳統油田。
公司已實現了預計從Aera整合中獲得的每年23500萬美元合併效益的55%以上。
加州資源正在推進其碳管理業務的幾個項目，並計劃在EPA批准許可後，着手進行其首個碳捕集到存儲項目，該項目位於Elk Hills。
Opportunities:
機會：
CRC's combination of natural gas production with power generation positions the company to monetize excess power capacity amidst rapidly accelerating electricity demand in California.
The company's carbon management initiatives align with California's decarbonization goals, offering significant growth potential as regulatory acceptance progresses.
加州資源將天然氣生產與電力發電結合，使公司能夠在加利福尼亞州電力需求急劇增長的背景下實現多餘電力容量的變現。
公司的碳管理倡議與加利福尼亞州的脫碳目標保持一致，隨着監管接受程度的提高，將提供顯著的增長潛力。
Risks:
風險：
The company's growth in its AI services and other innovative projects might face delays or increased costs due to regulatory barriers and the need for extensive infrastructure such as CO2 pipelines.
由於監管障礙以及CO2管道等大量基礎設施的需求，公司在人工智能服務和其他創新項目方面的增長可能會面臨延遲或成本增加。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
