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California Resources Corp

CRC

NYSEEnergyOil & Gas Exploration & Production

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Previous close

$53.24

−$0.17 · -0.32%

Aug 21, 4:00 PM ET

CRC company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

20

Overpriced

Momentum

35

Weakening

Sentiment

71

Bullish

Risk resilience

59

Elevated Risk

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Company profile

Company website

California Resources Corporation operates as an independent energy and carbon management company in the United States. The company operates in two segments, Oil and Natural Gas, and Carbon Management. It explores, develops, and produces crude oil, oil condensate, natural gas liquids and natural gas to california refineries, marketers, and other purchasers. The company also provides Carbon TerraVault which builds, installs, operates, and maintains CO2 capture equipment, transportation assets, and storage facilities. In addition, it owns and operates power generation facilities, as well as smaller gas-fired power plants used to generate power for oil and natural gas operations. The company was incorporated in 2014 and is based in Long Beach, California.

Industry
Oil & Gas Exploration & Production
Sector
Energy
Headquarters
US
CEO
Francisco J. Leon
Listed since
Oct 28, 2020
Employees
2,500

Market position

Day range

Current $53.24

52-week range

Current $53.24

Open
$53.66
Previous close
$53.41
Volume
829.53K
1.01× average
Average volume
817.66K
Average daily volume
Market cap
4.73B USD
Beta
0.9
Market reference 1
50-day average
$53.094
+0.27% above average
200-day average
$55.3512
-3.81% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
5.12B USD
P/E (TTM)
-40.03×
P/B (TTM)
1.39×
P/S (TTM)
1.18×
EV / EBITDA
4.15×
Earnings yield
9.33%
Free cash flow yield
13.96%
Dividend yield
3.01%

Profitability & efficiency

Gross margin
46.42%
Operating margin
26.54%
Net margin
-3.02%
Return on equity
9.88%
Return on assets
4.90%
Return on invested capital
9.67%

Financial health

Debt / equity
0.4×
Current ratio
0.89×
Altman Z-score
1.55
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends58%40%23%6%Gross margin, FY2021: 48.62%Gross margin, FY2022: 53.35%Gross margin, FY2023: 47.14%Gross margin, FY2024: 40.65%Gross margin, FY2025: 39.62%Operating margin, FY2021: 35.17%Operating margin, FY2022: 41.56%Operating margin, FY2023: 31.78%Operating margin, FY2024: 22.02%Operating margin, FY2025: 23.64%Net margin, FY2021: 23.86%Net margin, FY2022: 16.08%Net margin, FY2023: 20.05%Net margin, FY2024: 12.72%Net margin, FY2025: 10.07%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 48.62%. Gross margin FY2022 53.35%. Gross margin FY2023 47.14%. Gross margin FY2024 40.65%. Gross margin FY2025 39.62%. Operating margin FY2021 35.17%. Operating margin FY2022 41.56%. Operating margin FY2023 31.78%. Operating margin FY2024 22.02%. Operating margin FY2025 23.64%. Net margin FY2021 23.86%. Net margin FY2022 16.08%. Net margin FY2023 20.05%. Net margin FY2024 12.72%. Net margin FY2025 10.07%.

Income trends

Revenue

3.6B USD+21.88%

Operating income

852M USD+30.88%

Net income

363M USD-3.46%
Income trends across reported periods3.93B USD2.63B USD1.34B USD38.9M USDRevenue, FY2021: 2.57B USDRevenue, FY2022: 3.26B USDRevenue, FY2023: 2.81B USDRevenue, FY2024: 2.96B USDRevenue, FY2025: 3.6B USDOperating income, FY2021: 902M USDOperating income, FY2022: 1.35B USDOperating income, FY2023: 894M USDOperating income, FY2024: 651M USDOperating income, FY2025: 852M USDNet income, FY2021: 612M USDNet income, FY2022: 524M USDNet income, FY2023: 564M USDNet income, FY2024: 376M USDNet income, FY2025: 363M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 2.57B USD. Revenue FY2022 3.26B USD. Revenue FY2023 2.81B USD. Revenue FY2024 2.96B USD. Revenue FY2025 3.6B USD. Operating income FY2021 902M USD. Operating income FY2022 1.35B USD. Operating income FY2023 894M USD. Operating income FY2024 651M USD. Operating income FY2025 852M USD. Net income FY2021 612M USD. Net income FY2022 524M USD. Net income FY2023 564M USD. Net income FY2024 376M USD. Net income FY2025 363M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue3.6B USD2.96B USD2.81B USD3.26B USD2.57B USD
Cost of goods sold2.18B USD1.76B USD1.49B USD1.52B USD1.32B USD
Gross profit1.43B USD1.2B USD1.33B USD1.74B USD1.25B USD
Selling, general, and administrative571M USD321M USD267M USD222M USD200M USD
Operating expenses576M USD551M USD432M USD384M USD345M USD
Interest income—26M USD40M USD23M USD—
Interest expense106M USD87M USD56M USD53M USD54M USD
Depreciation and amortization625M USD475M USD271M USD241M USD263M USD
Operating income852M USD651M USD894M USD1.35B USD902M USD
Net income363M USD376M USD564M USD524M USD612M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
55%
6 beats, 5 misses, 0 met estimates
Average EPS surprise
+7.56%
11 comparable reports
Latest EPS result
0.99
Estimate 1.36 · Miss by 27.21%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.541.160.780.4Q1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Mar 3, 2025: actual 0.91, estimate 0.96, surprise -5.21%, Miss. Q2 2025, reported May 6, 2025: actual 1.07, estimate 0.83, surprise +28.92%, Beat. Q3 2025, reported Aug 5, 2025: actual 1.1, estimate 0.91, surprise +20.88%, Beat. Q4 2025, reported Nov 4, 2025: actual 1.46, estimate 1.31, surprise +11.45%, Beat. Q1 2026, reported Mar 2, 2026: actual 0.47, estimate 0.49, surprise -4.08%, Miss. Q2 2026, reported May 5, 2026: actual 0.88, estimate 0.83, surprise +6.02%, Beat. Q3 2026, reported Aug 10, 2026: actual 0.99, estimate 1.36, surprise -27.21%, Miss. Q4 2026, reported Nov 3, 2026: actual —, estimate 1.12, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates1.39B961.21M531.18M101.15MQ1 '25BeatQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 3, 2025: actual 924M USD, estimate 859.66M USD, surprise +7.48%, Beat. Q2 2025, reported May 6, 2025: actual 900M USD, estimate 821.19M USD, surprise +9.60%, Beat. Q3 2025, reported Aug 5, 2025: actual 816M USD, estimate 838.22M USD, surprise -2.65%, Miss. Q4 2025, reported Nov 4, 2025: actual 878M USD, estimate 780.54M USD, surprise +12.49%, Beat. Q1 2026, reported Mar 2, 2026: actual 924M USD, estimate 777.29M USD, surprise +18.87%, Beat. Q2 2026, reported May 5, 2026: actual 119M USD, estimate 947.5M USD, surprise -87.44%, Miss. Q3 2026, reported Aug 10, 2026: actual 1.3B USD, estimate 960.2M USD, surprise +35.08%, Beat. Q4 2026, reported Nov 3, 2026: actual —, estimate 954.41M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$79.40

49.14% upside
Past 12 months12-month forecastHigh $87.00Average $79.40Low $67.00

Rating distribution

24 ratings
Strong buy00%
Buy1875%
Hold521%
Sell14%
Strong sell00%

Recent analyst actions

12 institutions
Stephens & Co.maintainOverweight

CRC news

zacks.com

CRC Down 14.1% in 3 Months: Can Cost Gains Turn It Around?

California Resources is cutting costs and improving drilling efficiency, but weaker estimates and market-access uncertainty continue to weigh on shares.

Read source
zacks.com

Is CRC Stock Worth Buying Despite Its Premium Valuation?

California Resources Corporation is cutting costs and improving well productivity, but a rich valuation and falling 2026 estimates keep the investment case mixed.

Read source
zacks.com

Can CRC's $63M Crimson Deal Ease California Constraints?

California Resources Corporation is adding pipelines, storage and market access after Q2 bottlenecks hurt realizations and raised transport costs.

Read source
zacks.com

CRC Q2 Earnings Miss on Takeaway Constraints, Revenues Beat

CRC's revenues surge 50.4% as Berry synergies, drilling gains and midstream expansion support growth despite weaker differentials.

Read source
defenseworld.net

California Resources Corporation $CRC Shares Purchased by Bank of America Corp DE

Bank of America Corp DE lifted its holdings in shares of California Resources Corporation (NYSE: CRC) by 57.1% during the undefined quarter, according to its most recent 13F filing with the Securities and Exchange…

Read source
seekingalpha.com

California Resources: Executing On Strategic Priorities But Hedges Sap Away Earnings Power

California Resources delivered a solid quarter, but hedging limited upside from strong commodity prices, resulting in underwhelming bottom-line growth. The company executed strategic initiatives: commencing CO2 injection…

Read source

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$1.5675

2025 complete year+97.8% since 2022

2026 partial: $0.81

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 4, 2026

$0.405

Quarterly

Record Sep 4, 2026 · Payment Sep 18, 2026

Dividend

Ex-dividend May 29, 2026

$0.405

Quarterly

Record May 29, 2026 · Payment Jun 18, 2026

Dividend

Ex-dividend Mar 13, 2026

$0.405

Quarterly

Record Mar 13, 2026 · Payment Mar 20, 2026

Dividend

Ex-dividend Dec 1, 2025

$0.405

Quarterly

Record Dec 1, 2025 · Payment Dec 15, 2025

Dividend

Ex-dividend Aug 27, 2025

$0.3875

Quarterly

Record Aug 27, 2025 · Payment Sep 12, 2025

Dividend

Ex-dividend May 30, 2025

$0.3875

Quarterly

Record May 30, 2025 · Payment Jun 13, 2025

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$19.15

+0.74%

ETFs holding CRC

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Core S&P Small-Cap ETF logoiShares Core S&P Small-Cap ETFIJR
Market value
254.37M
Weight
0.23%
AUM
111.19B USD
Expense ratio
0.06%
Price / 1D
$147.31+0.64%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
141.82M
Weight
0.01%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
102.04M
Weight
0.06%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76+0.64%
iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
100.07M
Weight
0.12%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$299.96+0.77%
Avantis U.S. Small Cap Value ETF logoAvantis U.S. Small Cap Value ETFAVUV
Market value
86.68M
Weight
0.28%
AUM
31.27B USD
Expense ratio
0.25%
Price / 1D
$126.45+0.66%
State Street SPDR S&P Oil & Gas Exploration & Production ETF logoState Street SPDR S&P Oil & Gas Exploration & Production ETFXOP
Market value
77.45M
Weight
2.03%
AUM
3.82B USD
Expense ratio
0.35%
Price / 1D
$189.54+1.11%
Vanguard Morningstar Small-Cap Value ETF logoVanguard Morningstar Small-Cap Value ETFVBR
Market value
64.81M
Weight
0.09%
AUM
68.3B USD
Expense ratio
0.05%
Price / 1D
$249.18+0.68%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
47.38M
Weight
0.05%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%

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