California Resources Corporation is an independent oil and natural gas exploration and production company in the state of California. The company is headquartered in Santa Clarita, California.
| Revenue (TTM) | $3.95B |
| Gross Profit (TTM) | $2.27B |
| EBITDA | $45.00M |
| Operating Margin | -36.90% |
| Return on Equity | -15.50% |
| Return on Assets | -4.31% |
| Revenue/Share (TTM) | $45.09 |
| Book Value | $34.27 |
| Price-to-Book | 1.33 |
| Price-to-Sales (TTM) | 1.05 |
| EV/Revenue | 1.357 |
| EV/EBITDA | 14.81 |
| Quarterly Earnings Growth (YoY) | 200.00% |
| Quarterly Revenue Growth (YoY) | 24.80% |
| Shares Outstanding | $88.28M |
| Float | $82.74M |
| % Insiders | 4.94% |
| % Institutions | 105.08% |
Volatility is currently expanding
California Resources NYSE: CRC reported third-quarter 2026 production, cash flow and adjusted EBITDAX above its expectations, while outlining plans to expand its California-focused infrastructure, power and carbon-management businesses.
A Wall Street upgrade and a new carbon-capture partnership in California are pulling Bloom Energy (NYSE:BE) out of a sharp autumn decline. Bloom Energy stock is at $217.21, up 11% as trading gets underway.
Raised Quarterly Dividend by 4% and Delivered 2% Quarter-over-Quarter Net Production Growth Sharpened Focus on California through Uinta Basin Sale and Closing of Crimson Midstream Acquisition LONG BEACH, Calif., Nov. 02, 2026 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE: CRC) today reported its financial and operating results for the third quarter of 2026.
Announced MOU with Bloom Energy to Advance 1 GW or More of Decarbonized Power in California Submitted a New EPA Class VI Permit Application for ~57 Million Metric Tons of Storage Volume LONG BEACH, Calif., Nov. 02, 2026 (GLOBE NEWSWIRE) -- Carbon TerraVault Holdings, LLC (CTV), a carbon management subsidiary of California Resources Corporation (NYSE: CRC), today provided a third quarter 2026 update on its financial and operating results.
LONG BEACH, Calif., Nov. 02, 2026 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE: CRC), and its carbon management business, Carbon TerraVault (CTV), today announced the signing of a memorandum of understanding¹ (MOU) with Bloom Energy (NYSE: BE) (Bloom), to jointly evaluate and target the potential development of 1 gigawatt (GW) or more of solid-oxide fuel cell power generation paired with carbon capture and storage in California.
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.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
LONG BEACH, Calif., Oct. 07, 2026 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE: CRC) plans to release its third quarter 2026 financial results on Monday, November 2nd after market hours.
CRC plans to sell its non-core Uinta Basin assets for about $90 million, freeing cash to support its California-focused strategy and capital allocation.
LONG BEACH, Calif., Sept. 17, 2026 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE: CRC) today announced the signing of an agreement to divest its Uinta Basin assets to an undisclosed buyer for total cash consideration of approximately $90 million, subject to customary purchase price adjustments.
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