Carbon TerraVault begins CO2 injection, generates first revenue at California CCS project
CRC•Quarter results and 2026 guidance
Carbon management operating revenue totaled $1 million in Q2 2026; adjusted EBITDAX was -$8 million.
Costs included $2 million of G&A expense, $7 million of other operating expense; capital investment was $3 million.
2026 guidance targets capital investment of $10 million-$18 million; other operating expense of $20 million-$30 million.
Carbon TerraVault starts injection at CTV I
Carbon TerraVault, California Resources’ carbon management unit, began CO2 injection at CTV I, California’s first CCS project, triggering first operating revenue.
