Central Retail Corporation Public Company Limited (CRC) Earnings Call Transcripts

Central Retail Corporation Public Company Limited's Latest Earnings Call - Q1 FY2026

California Resources Corporation (CRC) reported a strong first quarter for 2026, with adjusted EBITDAX of $304 million, exceeding guidance by approximately 17%. The company raised its full-year adjusted EBITDAX guidance by over 40%, reflecting improved oil prices and operational efficiencies. Revenue growth is supported by increased drilling activity, with a target of approximately 1% entry-to-exit gross production growth for the year, and a significant increase in capital deployment to $540 million, aimed at enhancing production capacity and operational efficiency.

Reported metrics

Guidance from management

Management raised its full-year adjusted EBITDAX guidance by over 40%, now expecting $1.45 billion at an average Brent price of $91 per barrel. They also indicated a capital deployment increase to $540 million to support production growth.

What management said

Good morning, and welcome to CRC's First Quarter 2026 Conference Call. Following prepared comments, members of our leadership team will be available to take your questions. I hope you have had a chance to review our earnings release and supplemental slides. We have also provided information reconciling non-GAAP financial measures to comparable GAAP measures on our website in our earnings release. Today we'll be maki...

Michael, so as I mentioned before, we want to build a company that the investors feel good about owning through the commodity cycle, the ups and downs of the cycle. So we see our hedging strategy as a great tool to deliver that and to ultimately lock in attractive economics so we can execute regardless of where prices go. I'll turn it to Clio for a little bit more details on the go-forward impact.

What analysts pressed on

Analysts expressed concerns regarding the timing of production growth and the impact of PSC effects on guidance. There were questions about the sustainability of capital efficiency improvements and how inflation might affect future costs.

Main topics on the call

• Increased Production Guidance — CRC is targeting approximately 1% entry-to-exit gross production growth for 2026, with net production averaging 154,000 BOE per day in Q1. Management stated, "We're now targeting approximately 1% entry-to-exit gross prod...
• Capital Deployment Increase — The company plans to increase total capital guidance to $540 million, reflecting a ramp-up in drilling activity to 7 rigs. Clio Crespy noted, "We are increasing full year midpoint of total capital guidance to $540 millio...
• Berry Merger Synergies — CRC has captured about 80% of the targeted synergies from the Berry merger and increased the synergy target by $10 million. Francisco Leon highlighted, "We have already implemented over 80% of our original target," showc...
• Carbon Capture Project Progress — The company is on the verge of a significant milestone with California's first commercial-scale carbon capture project at Elk Hills, awaiting final EPA approval. This project positions CRC as a leader in carbon managemen...

Read the full Central Retail Corporation Public Company Limited transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 49 Central Retail Corporation Public Company Limited earnings call transcripts on record, spanning February 26, 2020 to August 18, 2026. Based on this history, Central Retail Corporation Public Company Limited reports quarterly. The most recent call on file is dated August 18, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

CRC

Exchange

SET

Country

TH

Sector

Consumer Discretionary

Industry

Broadline Retail

Calls on record

49

First call

February 26, 2020

Most recent

August 18, 2026

Reporting cadence

quarterly