California Resources and Berry to Combine in $717 Million Merger
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 16 2025
0mins
Source: Yahoo Finance
Merger Details: California Resources Corporation (CRC) is merging with Berry Corporation in an all-stock deal valued at approximately $717 million, with Berry shareholders receiving a 15% premium in CRC stock. The merger is expected to close in Q1 2026, pending regulatory and shareholder approvals.
Operational Synergies and Financial Outlook: The merger aims to create a more efficient energy company, projecting annual cost savings of $80 million to $90 million within a year of closing, while maintaining a robust financial position for CRC with a leverage ratio below 1.0x.
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.
