California Resources Narrows Its Total 2023 Free Cash Flow Guidance From $380M-$460M To $380M-$440M
Portfolio Pulse from Benzinga Newsdesk
California Resources Corporation (CRC) has revised its total 2023 free cash flow guidance from $380M-$460M to $380M-$440M.
November 01, 2023 | 9:58 pm
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NEGATIVE IMPACT
CRC has lowered its 2023 free cash flow guidance, which may indicate potential financial challenges or conservative financial planning.
The revision of the free cash flow guidance by CRC could be interpreted as a sign of potential financial challenges or a more conservative financial planning approach. This could negatively impact investor sentiment and potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100