CRC Stock - California Resources Corporation
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $2.96B | $2.81B | $3.26B | $2.56B | $1.61B |
| Gross Profit | $1.20B | $1.33B | $1.74B | $1.25B | $403.00M |
| Gross Margin | 40.6% | 47.1% | 53.3% | 48.6% | 25.0% |
| Operating Income | $651.00M | $894.00M | $1.35B | $902.00M | $7.00M |
| Net Income | $376.00M | $564.00M | $524.00M | $612.00M | $1.88B |
| Net Margin | 12.7% | 20.0% | 16.1% | 23.9% | 117.0% |
| EPS | $4.74 | $8.10 | $6.94 | $7.46 | $22.59 |
California Resources Corporation operates as an independent oil and natural gas company. The company explores for, produces, gathers, processes, and markets crude oil, natural gas, and natural gas liquids for marketers, California refineries, and other purchasers that have access to transportation and storage facilities. As of December 31, 2021, it had interests in approximately 1.9 million net mineral acres with proved reserves totaled an estimated 480 million barrels of oil equivalent. The company also engages in the generation and sale of electricity to the local utility and the grid. The company was incorporated in 2014 and is based in Santa Clarita, California.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 2nd 2025 | Wells Fargo | Initiation | Overweight | $58 |
| July 15th 2025 | JP Morgan | Upgrade | Overweight | $63 |
| May 30th 2025 | Barclays | Upgrade | Overweight | $60 |
| April 7th 2025 | Citigroup | Downgrade | Neutral | $36 |
| January 13th 2025 | Truist | Initiation | Buy | $75 |
| December 20th 2024 | JP Morgan | Initiation | Neutral | $63 |
| October 24th 2024 | Jefferies | Initiation | Buy | $64 |
| October 22nd 2024 | Stephens | Initiation | Overweight | $73 |
| October 16th 2024 | UBS | Initiation | Buy | $68 |
| August 21st 2024 | BofA Securities | Upgrade | Buy | $65← $57 |
| August 2nd 2024 | TD Cowen | Initiation | Buy | $65 |
| July 19th 2024 | Citigroup | Resumed | Buy | $63 |
| April 10th 2024 | Barclays | Initiation | Equal Weight | $62 |
| January 5th 2024 | BofA Securities | Downgrade | Neutral | $60← $64 |
| February 24th 2023 | BofA Securities | Upgrade | Buy | $60← $51 |
Earnings History & Surprises
CRCEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 4, 2026 | — | — | — | — |
Q1 2026 | Mar 2, 2026 | $0.50 | — | — | — |
Q4 2025 | Nov 4, 2025 | $1.31 | $1.46 | +11.5% | ✓ BEAT |
Q3 2025 | Aug 5, 2025 | $0.91 | $1.10 | +20.9% | ✓ BEAT |
Q2 2025 | May 6, 2025 | $0.83 | $1.07 | +28.9% | ✓ BEAT |
Q1 2025 | Mar 3, 2025 | $0.96 | $0.91 | -5.2% | ✗ MISS |
Q4 2024 | Nov 5, 2024 | $0.89 | $1.50 | +68.5% | ✓ BEAT |
Q3 2024 | Aug 6, 2024 | $0.96 | $0.60 | -37.5% | ✗ MISS |
Q2 2024 | May 7, 2024 | $0.58 | $0.75 | +29.3% | ✓ BEAT |
Q1 2024 | Feb 27, 2024 | $1.01 | $0.93 | -7.9% | ✗ MISS |
Q4 2023 | Nov 1, 2023 | $0.79 | $1.02 | +29.1% | ✓ BEAT |
Q3 2023 | Jul 31, 2023 | $0.86 | $0.53 | -38.4% | ✗ MISS |
Q2 2023 | May 1, 2023 | $2.09 | $2.63 | +25.8% | ✓ BEAT |
Q1 2023 | Feb 24, 2023 | $1.55 | $1.24 | -20.0% | ✗ MISS |
Q4 2022 | Nov 3, 2022 | $1.28 | $1.45 | +13.3% | ✓ BEAT |
Q3 2022 | Aug 3, 2022 | $1.96 | $1.13 | -42.3% | ✗ MISS |
Q2 2022 | May 5, 2022 | $1.14 | $1.13 | -0.9% | ✗ MISS |
Q1 2022 | Feb 24, 2022 | $1.95 | $2.13 | +9.2% | ✓ BEAT |
Q4 2021 | Nov 11, 2021 | $1.32 | $1.83 | +38.6% | ✓ BEAT |
Q3 2021 | Aug 5, 2021 | — | $0.94 | — | — |
Latest News
California Resources Closes $253M All‑Stock Combination With Berry, Adding 5.6M Shares And Expanding Portfolio
📈 PositiveBerry Corporation Receives Stockholders' Approval For Its Combination With California Resources Corporation
📈 PositiveUBS Maintains Buy on California Resources, Lowers Price Target to $64
➖ NeutralMizuho Maintains Outperform on California Resources, Raises Price Target to $72
📈 PositiveWells Fargo Maintains Overweight on California Resources, Lowers Price Target to $56
➖ NeutralWells Fargo Initiates Coverage On California Resources with Overweight Rating, Announces Price Target of $58
📈 PositiveUBS Maintains Buy on California Resources, Lowers Price Target to $68
📈 PositiveBarclays Maintains Overweight on California Resources, Raises Price Target to $68
📈 PositiveCalifornia Resources, Carbon TerraVaul Sign MoU With Capital Power To Offer Carbon Management Services For Capital's Paloma Generation Site In California
📈 PositiveCalifornia Resources Q3 Adj. EPS $1.46 Beats $1.26 Estimate, Sales $855.000M Miss $859.151M Estimate
➖ NeutralJP Morgan Maintains Overweight on California Resources, Raises Price Target to $66
📈 PositiveB of A Securities Maintains Buy on California Resources, Raises Price Target to $66
📈 PositiveUBS Maintains Buy on California Resources, Raises Price Target to $70
📈 PositiveBarclays Maintains Overweight on California Resources, Raises Price Target to $66
📈 PositiveMizuho Maintains Outperform on California Resources, Raises Price Target to $65
📈 PositiveCalifornia Resources to acquire Berry Corp in $717M all-stock deal
➖ NeutralCalifornia Resources And Berry Corp. Agree To Combine In All-Stock Transaction Valuing Berry At ~$717M, Inclusive Of Berry's Net Debt
📈 PositiveCalifornia Resources Corporation And Berry Corporation Announces A Definitive All-Stock Merger Agreement Valuing Berry At ~$717M. CRC Shareholders Will Own Around 94% Of The Combined Company
➖ NeutralB of A Securities Maintains Buy on California Resources, Raises Price Target to $60
📈 PositiveUBS Maintains Buy on California Resources, Raises Price Target to $63
📈 PositiveFrequently Asked Questions about CRC
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