The earnings call highlighted strong shareholder returns, operational performance, and cost management, alongside challenges in regulatory environments and some project timelines. Despite these challenges, the company's strategic initiatives and financial health indicate a positive outlook.

Company Guidance -

Q3 2025

During the California Resources Corporation's Second Quarter 2025 Conference Call, the company provided strong guidance and highlighted several performance metrics. They returned nearly $290 million to shareholders, exceeding 260% of their free cash flow, largely due to a discounted share repurchase. The company implemented merger synergies ahead of schedule, achieving a $235 million target with a net present value of approximately $1.4 billion over the next decade. Operationally, they delivered a net total production of 137,000 BOE per day with average realizations at 97% of Brent before hedges and 100% after hedging. The company reported adjusted EBITDAX of $324 million, surpassing expectations, driven by strong commodity price realizations and lower operating costs. They also raised their full-year production guidance and anticipate a 9% improvement in their 2025 free cash flow outlook before working capital. Looking ahead, the company aims to complete construction of California's first CCS project by year-end 2025, with plans to begin injection early in 2026. Overall, CRC’s integrated strategy positions them well to support California’s energy transition and deliver on long-term shareholder value.

Record Returns to Shareholders

The company returned nearly $290 million in the quarter, more than 260% of its free cash flow, largely due to a discounted share repurchase from ICA.

Ahead of Schedule ARA-related Merger Synergies

Implemented merger synergies three months ahead of schedule, achieving a $235 million target, with a net present value of $1.4 billion over the next 10 years.

Strong Operational Performance

Increased full-year outlook with a roughly 7% increase in adjusted EBITDAX, driven by exceeding operational and reservoir performance expectations.

Cost Management Success

Reduced nearly all 2025 operating expense items by about 7% compared to the original outlook, despite expecting higher energy costs.

Robust Shareholder Returns Program

Returned $1.5 billion to shareholders in dividends and share repurchases since inception, representing about 86% of cumulative free cash flow over the last 4 years.

Strong Financial Position

Low leverage at 0.7x, undrawn revolver, and robust liquidity at over $1 billion.

First CCS Project Progress

Received construction authorization from the EPA for California's first Class 6 project, expecting to complete construction by year-end 2025 with injection starting early in 2026.

Improved Cash Tax Savings

Estimated $35 million in cash tax savings for 2025, with potential cumulative savings of $80 million to $150 million over the next 5 years.

California Resources Corp (CRC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

CRC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2025 (Q3)	1.22 / -	1.5	―	―	―
Aug 05, 2025	2025 (Q2)	0.90 / 1.10	0.6	83.33% (+0.50)
May 06, 2025	2025 (Q1)	0.81 / 1.07	0.75	42.67% (+0.32)
Mar 03, 2025	2024 (Q4)	0.99 / 0.91	0.93	-2.15% (-0.02)
Nov 05, 2024	2024 (Q3)	1.26 / 1.50	1.02	47.06% (+0.48)
Aug 06, 2024	2024 (Q2)	0.83 / 0.60	0.53	13.21% (+0.07)
May 07, 2024	2024 (Q1)	0.71 / 0.75	2.63	-71.48% (-1.88)
Feb 27, 2024	2023 (Q4)	0.99 / 0.93	1.24	-25.00% (-0.31)
Nov 01, 2023	2023 (Q3)	0.88 / 1.02	1.45	-29.66% (-0.43)
Jul 31, 2023	2023 (Q2)	0.74 / 0.53	1.13	-53.10% (-0.60)

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

CRC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 05, 2025	$47.80	$48.79	+2.07%
May 06, 2025	$35.19	$38.12	+8.33%
Mar 03, 2025	$43.80	$39.00	-10.96%
Nov 05, 2024	$52.62	$55.44	+5.36%

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.

FAQ

When does California Resources Corp (CRC) report earnings?

California Resources Corp (CRC) is schdueled to report earning on Nov 06, 2025, After Close (Confirmed).

What is California Resources Corp (CRC) earnings time?

California Resources Corp (CRC) earnings time is at Nov 06, 2025, After Close (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 (Q3) is 1.22.

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