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California Resources Corp (CRC)
NYSE:CRC
Earnings Data
Report Date
Mar 04, 2026After Close (Confirmed)
Period Ending
2025 (Q4)Consensus EPS Forecast
0.62Last Year’s EPS
0.91Same Quarter Last Year
Strong Buy
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The earnings call reflects a strong financial and operational performance by CRC, marked by significant improvements in base decline rates, strategic mergers, and advancements in carbon capture projects. However, challenges related to regulatory approvals and permitting constraints are noted.Company Guidance
Strong Financial Performance
CRC delivered a net production of 137,000 BOE per day and generated adjusted EBITDAX of $338 million with free cash flow before changes in working capital of $231 million.
Improved Base Decline Rate
CRC announced a reduction in their annual base decline assumption to 8% to 13% from 10% to 15%, enhancing cash flow generation and capital intensity.
Strategic Merger with Berry Corporation
CRC announced a merger agreement with Berry Corporation, adding assets adjacent to their current positions and creating meaningful synergies.
Carbon TerraVault Progress
CRC's first CCS project at Elk Hills is advancing, with construction underway and first CO2 injection expected in early 2026.
Strong Balance Sheet and Liquidity
CRC's net leverage is at 0.6x, with total liquidity exceeding $1.1 billion, including $196 million of cash and an undrawn revolver.
Positive Regulatory Environment
Recent legislation in California supports oil and gas permitting and extends the Cap-and-Invest program through 2045.
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
CRC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Nov 04, 2025 | $46.65 | $46.27 | -0.81% |
Aug 05, 2025 | $47.43 | $48.41 | +2.07% |
May 06, 2025 | $34.91 | $37.82 | +8.34% |
Mar 03, 2025 | $43.46 | $38.70 | -10.95% |
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 Mar 04, 2026, After Close (Confirmed).
What is California Resources Corp (CRC) earnings time?
California Resources Corp (CRC) earnings time is at Mar 04, 2026, 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 (Q4) is 0.62.