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California Resources Corp
(NYSE:CRC)
California Resources Corp (CRC) vs. SPDR S&P 500 ETF (SPY)
California Resources Corp Business Overview & Revenue Model
California Resources Corp Earnings Call Summary
California Resources Corp Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.52B | 2.93B | 2.77B | 3.23B | 2.56B | 1.61B |
| Gross Profit | 2.57B | 2.25B | 1.40B | 1.80B | 1.35B | 308.00M |
| EBITDA | 1.16B | 991.00M | 1.03B | 1.01B | 496.00M | 2.45B |
| Net Income | 384.00M | 376.00M | 564.00M | 524.00M | 612.00M | 3.33B |
Balance Sheet | ||||||
| Total Assets | 6.75B | 7.13B | 4.00B | 3.97B | 3.85B | 3.07B |
| Cash, Cash Equivalents and Short-Term Investments | 196.00M | 372.00M | 496.00M | 307.00M | 305.00M | 28.00M |
| Total Debt | 1.10B | 1.22B | 610.00M | 662.00M | 637.00M | 639.00M |
| Total Liabilities | 3.31B | 3.60B | 1.78B | 2.10B | 2.16B | 1.89B |
| Stockholders Equity | 3.44B | 3.54B | 2.22B | 1.86B | 1.69B | 1.14B |
Cash Flow | ||||||
| Free Cash Flow | 557.00M | 355.00M | 468.00M | 678.00M | 466.00M | 59.00M |
| Operating Cash Flow | 836.00M | 610.00M | 653.00M | 690.00M | 660.00M | 106.00M |
| Investing Cash Flow | -284.00M | -1.08B | -175.00M | -317.00M | -161.00M | -39.00M |
| Financing Cash Flow | -597.00M | 343.00M | -289.00M | -371.00M | -222.00M | -56.00M |
California Resources Corp Technical Analysis
California Resources Corp Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $4.52B | 6.76 | 37.10% | ― | 50.79% | 32.97% | |
72 Outperform | $3.86B | 10.73 | 11.06% | 3.32% | 33.85% | -34.08% | |
69 Neutral | $4.74B | 24.53 | 6.98% | ― | 43.30% | -43.07% | |
66 Neutral | $4.06B | 28.98 | 2.76% | 4.48% | -13.92% | -68.34% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
65 Neutral | $4.14B | 12.22 | 17.51% | 2.64% | 0.68% | -11.13% | |
61 Neutral | $6.75B | 103.32 | 2.86% | ― | 35.41% | ― |
California Resources Corp Corporate Events
California Resources Corporation (CRC) is an independent energy and carbon management company focused on providing responsibly sourced energy while advancing decarbonization projects in the energy sector. In its third-quarter 2025 earnings report, CRC announced a net income of $64 million and an adjusted net income of $123 million, alongside a 5% increase in its quarterly dividend, reflecting its commitment to shareholder returns. The company also reported a significant free cash flow of $188 million and ended the quarter with $1,154 million in liquidity. Key strategic moves include the planned merger with Berry Corporation and the early redemption of its 2026 Senior Notes. CRC’s management remains optimistic about the future, emphasizing a strong balance sheet and robust liquidity, with plans to increase capital investments and continue exploring decarbonized power solutions in California.
California Resources Corp (CRC) recently held its earnings call, revealing a robust financial and operational performance. The sentiment was largely positive, highlighting significant improvements in base decline rates, strategic mergers, and advancements in carbon capture projects. However, the company also acknowledged challenges related to regulatory approvals and permitting constraints.
On October 29, 2025, California Resources Corporation announced an amendment to its existing credit agreement, involving Citibank and other financial institutions. The amendment includes the addition of new lenders and an increase in the aggregate commitment amount from $1.15 billion to $1.45 billion, potentially enhancing the company’s financial flexibility and operational capacity.
The most recent analyst rating on (CRC) stock is a Buy with a $66.00 price target. To see the full list of analyst forecasts on California Resources Corp stock, see the CRC Stock Forecast page.
On October 8, 2025, California Resources Corporation completed a private offering of $400 million in senior notes due 2034, with interest accruing from the same date. The notes, which are unsecured and rank equally with other senior unsecured debt, are part of the company’s strategic financial maneuvers, including a pending merger with Berry Corporation. The notes are subject to mandatory redemption if the merger does not occur by March 14, 2026, or if the merger agreement is terminated.
The most recent analyst rating on (CRC) stock is a Buy with a $66.00 price target. To see the full list of analyst forecasts on California Resources Corp stock, see the CRC Stock Forecast page.
On September 24, 2025, California Resources Corporation announced the pricing of a private offering of $400 million in senior unsecured notes due 2034, with an interest rate of 7.000%. The proceeds from this offering, expected to be approximately $394 million, will be used to repay Berry Corporation’s existing debt as part of a pending merger between the two companies. This strategic financial move is anticipated to impact CRC’s operations by supporting the merger, which could enhance its industry positioning and stakeholder value.
The most recent analyst rating on (CRC) stock is a Buy with a $66.00 price target. To see the full list of analyst forecasts on California Resources Corp stock, see the CRC Stock Forecast page.
On September 22, 2025, California Resources Corporation amended its credit agreement to facilitate its pending merger with Berry Corporation. Additionally, on September 24, 2025, CRC announced a proposed private offering of $400 million in senior unsecured notes due 2034, with proceeds intended to repay Berry Corporation’s existing debt related to the merger. This strategic move aims to strengthen CRC’s financial position and support its merger with Berry, potentially impacting stakeholders by enhancing the company’s market presence and operational capabilities.
The most recent analyst rating on (CRC) stock is a Buy with a $66.00 price target. To see the full list of analyst forecasts on California Resources Corp stock, see the CRC Stock Forecast page.
On September 14, 2025, California Resources Corporation entered into a merger agreement with Berry Corporation, where Berry will merge with a wholly-owned subsidiary of CRC, becoming a direct subsidiary of CRC. The merger involves an exchange of shares and will result in Berry’s shares being converted into CRC’s shares at a specified exchange ratio. The agreement includes various conditions and representations, such as obtaining shareholder approval and regulatory clearances, and outlines termination rights and fees under specific circumstances.
The most recent analyst rating on (CRC) stock is a Buy with a $70.00 price target. To see the full list of analyst forecasts on California Resources Corp stock, see the CRC Stock Forecast page.
On September 15, 2025, California Resources Corporation announced a merger with Berry Corporation in an all-stock transaction valuing Berry at approximately $717 million. This merger is expected to create a stronger energy leader in California, with significant operational synergies and financial benefits. The combined company will have enhanced capabilities in oil production and well services, maintaining a strong balance sheet and liquidity. The merger, approved by both companies’ boards, is anticipated to close in the first quarter of 2026, subject to regulatory and shareholder approvals.
The most recent analyst rating on (CRC) stock is a Buy with a $65.00 price target. To see the full list of analyst forecasts on California Resources Corp stock, see the CRC Stock Forecast page.
The recent earnings call for California Resources Corp (CRC) painted a picture of robust financial health and strategic foresight, despite facing some regulatory hurdles. The overall sentiment was positive, with strong shareholder returns and operational performance taking center stage. The company demonstrated effective cost management and expressed confidence in its strategic initiatives, which are expected to drive future growth.
California Resources Corporation (CRC) is an independent energy and carbon management company focused on providing responsibly sourced energy and developing carbon capture and storage projects, primarily operating in the oil and gas sector in California.