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) | $3.73B |
| Gross Profit (TTM) | $2.12B |
| EBITDA | $600.00M |
| Operating Margin | 46.80% |
| Return on Equity | -3.55% |
| Return on Assets | 0.76% |
| Revenue/Share (TTM) | $43.20 |
| Book Value | $38.30 |
| Price-to-Book | 1.40 |
| Price-to-Sales (TTM) | 1.29 |
| EV/Revenue | 1.629 |
| EV/EBITDA | 14.38 |
| Quarterly Earnings Growth (YoY) | 200.00% |
| Quarterly Revenue Growth (YoY) | 33.00% |
| Shares Outstanding | $88.82M |
| Float | $83.22M |
| % Insiders | 4.95% |
| % Institutions | 105.76% |
Volatility is currently contracting
LONG BEACH, Calif., Sept. 01, 2026 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE: CRC) today announced the closing of its approximately $63 million all-cash acquisition of Crimson Midstream Holdings, LLC (“Crimson”) from CorEnergy Infrastructure Trust, Inc. The transaction was approved by the California Public Utilities Commission on August 13, 2026.
LONG BEACH, Calif., Aug. 31, 2026 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE: CRC) today announced the publication of its 2025 Sustainability Report Update and 2025 Sustainability Report Summary. The reports highlight CRC's continued progress in responsibly producing energy, expanding Carbon TerraVault's (CTV) carbon management platform and advancing innovative solutions that support California's evolving energy needs.
California Resources is cutting costs and improving drilling efficiency, but weaker estimates and market-access uncertainty continue to weigh on shares.
California Resources Corporation is cutting costs and improving well productivity, but a rich valuation and falling 2026 estimates keep the investment case mixed.
California Resources Corporation is adding pipelines, storage and market access after Q2 bottlenecks hurt realizations and raised transport costs.
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.
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