CRC

CRC's revenues surge 50.4% as Berry synergies, drilling gains and midstream expansion support growth despite weaker differentials.

California Resources delivered a solid quarter, but hedging limited upside from strong commodity prices, resulting in underwhelming bottom-line growth. The company executed strategic initiatives: commencing CO2 injection operations, acquiring Crimson midstream assets, and optimizing Berry acquisition synergies and refinancing. Despite the 'California Discount,' California Resources remains a value play, with carbon sequestration offering significant new revenue potential and a competitive dividend.

California Resources Corporation (CRC) Q2 2026 Earnings Call Transcript

California Resources NYSE: CRC reported second-quarter results marked by operational efficiency gains, early delivery of Berry-related synergies, and progress in expanding its midstream, carbon management and power businesses.

California Resources Corporation (CRC) came out with quarterly earnings of $0.99 per share, missing the Zacks Consensus Estimate of $1.31 per share. This compares to earnings of $1.1 per share a year ago.

Looking beyond Wall Street's top-and-bottom-line estimate forecasts for California Resources (CRC), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2026.

California Resources (CRC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

AYTU, CAMP and CRC have been added to the Zacks Rank #5 (Strong Sell) List on July 16, 2026.

LONG BEACH, Calif., July 06, 2026 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE: CRC) plans to release its second quarter 2026 financial results on Monday, August 10th before market hours.