California Resources Corporation Signs MOU with Middle River Power for Carbon Management
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 16 2025
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Source: Newsfilter
- Carbon Management Partnership: California Resources Corporation (CRC) has signed a Memorandum of Understanding (MOU) with Middle River Power (MRP) to provide carbon transportation and sequestration services for brownfield power facilities in Northern California, marking a strategic expansion in CRC's carbon management efforts.
- Emission Reduction Goals: The collaboration will evaluate carbon capture and sequestration solutions for the 850 MW High Desert plant and the 330 MW San Joaquin Energy Center, which together could reduce up to 2.1 million and 0.65 million metric tons of CO₂ emissions annually, supporting California's decarbonization objectives.
- Exclusive Service Provision: Carbon TerraVault (CTV) will serve as the exclusive provider of CO₂ transportation and sequestration services for the aforementioned power facilities, ensuring safe and reliable operations that further drive the energy transition.
- Industry Trend: This MOU represents CRC's third agreement with a brownfield power producer, reflecting the growing focus within the power sector on economically viable decarbonization solutions, aligning with California's climate and reliability goals.
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Analyst Views on CRC
Wall Street analysts forecast CRC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CRC is 65.22 USD with a low forecast of 56.00 USD and a high forecast of 72.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
11 Buy
0 Hold
0 Sell
Strong Buy
Current: 50.880
Low
56.00
Averages
65.22
High
72.00
Current: 50.880
Low
56.00
Averages
65.22
High
72.00
About CRC
California Resources Corporation is an independent energy and carbon management company committed to energy transition. The Company’s segments include Oil and Natural Gas and Carbon Management. Its Carbon Management business, Carbon TerraVault, focuses on building, installing, operating, and maintaining carbon dioxide equipment, transportation assets and storage facilities. The Oil and Natural Gas segment explores for, develops and produces crude oil, oil condensate, natural gas liquids and natural gas. It has operations in oil and gas basins, including San Joaquin Basin, Los Angeles Basin, Sacramento Basin, and other. It has interests in oil and gas fields throughout the San Joaquin basin, including in Elk Hills, Buena Vista, Coles Levee, North Belridge and South Belridge, Kern Front, Lost Hills, Cymric, McKittrick, Midway Sunset and Coalinga. The Los Angeles Basin is a northwest-trending plain about 50 miles long and 20 miles wide. The Company is also focused on Uinta basin.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Sourcerock Increases Stake in California Resources Corporation to 3.18 Million Shares
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- Dividend Growth: The company's management raised the quarterly dividend by 5% to $0.405 per share while retiring its 2026 notes, enhancing liquidity and showcasing robust financial management capabilities.
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Kore Advisors Acquires $4 Million Stake in California Resources Corporation
- New Investment Position: Kore Advisors established a new stake in California Resources Corporation by acquiring 75,141 shares worth approximately $4 million during Q3, representing 4.6% of the fund's reportable U.S. equity holdings.
- Portfolio Diversification: This investment increased Kore Advisors' total number of reportable positions to 13, enhancing the diversity within its $87.48 million assets under management.
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