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California Resources Corp (CRC)
:CRC
Earnings Data
Report Date
Jul 31, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.83Last Year’s EPS
0.6Same Quarter Last Year
Strong Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 06, 2025
|% Change Since: 19.97%
|Next Earnings Date:Jul 31, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong performance by CRC, with notable achievements in shareholder returns, synergy realization, and cost management. Despite facing challenges like declining oil prices and regulatory hurdles in California, CRC remains optimistic about its financial resilience and strategic initiatives in carbon management.Company Guidance
During the California Resources Corporation (CRC) First Quarter 2025 Conference Call, the company reaffirmed its strong outlook for the year, emphasizing several key metrics and strategic achievements. CRC reported achieving more than 70% of the $235 million in announced annual synergies from the Aera merger, which is expected to be fully realized by early 2026. The company highlighted its robust hedge portfolio, with approximately 70% of oil production and natural gas consumption hedged at attractive levels, allowing it to generate free cash flow at Brent prices down to $34 per barrel. CRC also reported adjusted EBITDAX of $328 million and a free cash flow of $131 million, surpassing consensus expectations. The company returned a record $258 million to stakeholders through dividends, share buybacks, and debt redemption in the first quarter. Additionally, CRC maintained its full-year adjusted EBITDAX guidance of $1.1 billion to $1.2 billion, supported by low-decline assets, cost reduction efforts, and a strong hedge book. The company also emphasized its ongoing efforts to manage production efficiently and invest in high-return projects, while continuing to build its permit inventory.Record Shareholder Returns
In the first quarter, CRC returned a record $258 million to stakeholders through dividends, share buybacks, and debt redemption.
Significant Synergy Realization
CRC has realized more than 70% of the $235 million in announced annual synergies from the Aera merger, expecting to achieve the full target in early 2026.
Solid Financial Performance
CRC reported adjusted EBITDAX of $328 million and free cash flow of $131 million, both above consensus estimates.
Strong Position in Energy Transition
CRC is advancing its carbon management business with plans to launch California's first CCS project at the Elk Hills cryogenic gas plant.
Cost Reduction Success
Operating and G&A costs were 5% better than guidance, with expectations to reduce operating costs by nearly 10% in the first half of 2025 compared to the second half of 2024.
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CRC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CRC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2025 | $35.51 | $38.47 | +8.34% |
Mar 03, 2025 | $44.20 | $39.36 | -10.95% |
Nov 05, 2024 | $53.10 | $55.95 | +5.37% |
Aug 06, 2024 | $42.29 | $44.66 | +5.60% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does California Resources Corp (CRC) report earnings?
California Resources Corp (CRC) is schdueled to report earning on Jul 31, 2025, TBA Not Confirmed.
What is California Resources Corp (CRC) earnings time?
California Resources Corp (CRC) earnings time is at Jul 31, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CRC EPS forecast?
CRC EPS forecast for the fiscal quarter 2025 (Q2) is 0.83.
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