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California Resources Corp (CRC) stock

CRCNYSECrude Petroleum & Natural GasFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Nov 3, 2026Score 10/3016% below fair value
$48.31+0.43 (+0.90%)

Close on Nov 13, 2026Market cap $4.29BP/E –Yield 3.24%

Earnings

California Resources's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.

Next report
Mar 10, 2027
Q4 FY2026 · estimated, during market hours
Revenue, Q3 FY2026
$421.00M
-50.8% on a year earlier
Adjusted net income per share - diluted, Q3 FY2026
$1.17
$1.46 a year earlier
Latest guidance
Raised
Nov 2, 2026 · 17 items

Quarterly results

Revenue and earnings per share from each of California Resources's earnings releases, newest first

QuarterReportedRevenueYoYEPSAdj. EPSSource
Q4 FY2026ended Dec 31, 2026Mar 10, 2027Expected–––––
Q3 FY2026ended Sep 30, 2026Nov 2, 2026after the close$421.00M-50.8%-$3.55$1.17Release
Q2 FY2026ended Jun 30, 2026Aug 10, 2026before the open$1.30B+32.6%$5.76$0.99Release
Q1 FY2026ended Mar 31, 2026May 5, 2026after the close$119.00M-87.0%––Release
Q4 FY2025ended Dec 31, 2025Mar 11, 2026during market hours––––Release
Q3 FY2025ended Sep 30, 2025Nov 4, 2025after the close$855.00M-36.8%$0.76$1.46Release
Q2 FY2025ended Jun 30, 2025Aug 5, 2025after the close$978.00M+90.3%$1.92$1.10Release
Q1 FY2025ended Mar 31, 2025May 6, 2025after the close$912.00M+100.9%$1.26$1.07Release
Q4 FY2024ended Dec 31, 2024Mar 3, 2025before the open––––Release
Q3 FY2024ended Sep 30, 2024Nov 5, 2024after the close$1.35B+194.1%$3.78$1.50Release
Q2 FY2024ended Jun 30, 2024Aug 6, 2024after the close$514.00M-13.0%$0.11$0.60Release
Q1 FY2024ended Mar 31, 2024May 7, 2024after the close$454.00M-55.7%-$0.14$0.75Release

Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.

Current guidance

California Resources's latest outlook for periods it has not reported yet, compared with what it said before

MetricPeriodGuidanceBeforeChangeGiven
Adjusted EBITDAXnon-GAAPQ4 FY2026$340.00M – $380.00M–NewNov 2, 2026
Capital InvestmentsGAAPQ4 FY2026$110.00M – $130.00M–NewNov 2, 2026
Adjusted general and administrative expensesnon-GAAPQ4 FY2026$83.00M – $93.00M–NewNov 2, 2026
Current income tax provisionGAAPQ4 FY2026-$2.00M – $2.00M–LoweredNov 2, 2026
Depreciation, depletion and amortizationGAAPQ4 FY2026$128.00M – $140.00M–RaisedNov 2, 2026
Effective tax rateQ4 FY202627% – 31%–LoweredNov 2, 2026
Electricity revenue net of electricity generation expensesnon-GAAPQ4 FY2026$5.00M – $11.00M–LoweredNov 2, 2026
General and administrative expensesGAAPQ4 FY2026$95.00M – $99.00M–LoweredNov 2, 2026
Interest and debt expenseGAAPQ4 FY2026$28.00M – $32.00M–LoweredNov 2, 2026
Margin from purchased commoditiesnon-GAAPQ4 FY2026$11.00M – $15.00M–LoweredNov 2, 2026
Net ProductionQ4 FY2026150 – 152–NewNov 2, 2026
Operating costsGAAPQ4 FY2026$370.00M – $390.00M–NewNov 2, 2026
Other operating expenses net of other revenuenon-GAAPQ4 FY2026$20.00M – $30.00M–RaisedNov 2, 2026
Percentage OilQ4 FY202679%–NewNov 2, 2026
Taxes other than on incomeGAAPQ4 FY2026$68.00M – $78.00M–RaisedNov 2, 2026
Transportation costsGAAPQ4 FY2026$30.00M – $35.00M–LoweredNov 2, 2026
Electricity revenue net of electricity generation expensesnon-GAAPFY2026$25.00M – $45.00M–NewMay 5, 2026
Adjusted EBITDAXnon-GAAPFY2026$1.20B – $1.30B–NewAug 10, 2026
Adjusted EBITDAXnon-GAAPFY2026$1.40B – $1.50B–NewMay 5, 2026
Capital investmentsGAAPFY2026$520.00M – $560.00M–NewAug 10, 2026
Capital InvestmentsFY2026$520.00M – $560.00M$280.00M – $300.00MRaisedMay 5, 2026
Adjusted general and administrative expensesnon-GAAPFY2026$335.00M – $350.00M–NewAug 10, 2026
Adjusted general and administrative expensesnon-GAAPFY2026$325.00M – $340.00M–NewMay 5, 2026
Current income tax provisionGAAPFY2026-$2.00M – $2.00M–LoweredAug 10, 2026
Current income tax provisionFY2026$5.00M – $8.00M–LoweredMay 5, 2026
Depreciation, depletion and amortizationGAAPFY2026$520.00M – $540.00M–RaisedAug 10, 2026
Depreciation, depletion and amortizationFY2026$595.00M – $615.00M–LoweredMay 5, 2026
Effective tax rateGAAPFY202633% – 37%–NewAug 10, 2026
Effective tax rateFY202612% – 16%–LoweredMay 5, 2026
Electricity revenue net of electricity generation expensesnon-GAAPFY2026$20.00M – $40.00M–LoweredAug 10, 2026
entry-to-exit gross production declineFY20262%–NewNov 4, 2025
General and administrative expensesGAAPFY2026$365.00M – $385.00M–LoweredAug 10, 2026
General and administrative expensesGAAPFY2026$360.00M – $380.00M–NewMay 5, 2026
Interest and debt expenseGAAPFY2026$115.00M – $125.00M–LoweredAug 10, 2026
Interest and debt expenseFY2026$120.00M – $130.00M–LoweredMay 5, 2026
Margin from purchased commoditiesnon-GAAPFY2026$50.00M – $65.00M–LoweredAug 10, 2026
Margin from purchased commoditiesnon-GAAPFY2026$50.00M – $65.00M–LoweredMay 5, 2026
Net oil production (%)FY202680%–NewAug 10, 2026
Net ProductionFY2026149 – 155–NewMay 5, 2026
Net production (MBoe/d)FY2026150 – 155–NewAug 10, 2026
Operating costsGAAPFY2026$1.43B – $1.48B–NewAug 10, 2026
Operating costsFY2026$1.42B – $1.49B–NewMay 5, 2026
Other operating expenses net of other revenuenon-GAAPFY2026$135.00M – $145.00M–RaisedAug 10, 2026
Other operating expenses net of other revenuenon-GAAPFY2026$75.00M – $85.00M–RaisedMay 5, 2026
Percentage OilFY202681%–RaisedMay 5, 2026
Taxes other than on incomeGAAPFY2026$272.00M – $282.00M–RaisedAug 10, 2026
Taxes other than on incomeFY2026$270.00M – $280.00M–RaisedMay 5, 2026
Transportation costsGAAPFY2026$115.00M – $125.00M–LoweredAug 10, 2026
Transportation costsFY2026$105.00M – $115.00M–LoweredMay 5, 2026
drilling, completions and workover capitalnon-GAAPFY2027$450.00M – $475.00M–NewNov 2, 2026

Guidance vs results

The last range California Resources gave before each report, against the figure it then reported. Full years add up the four quarters.

PeriodMetricGuidanceActualResult
Q2 FY2026Revenue-$6.00M – -$2.00M$1.30BAbove range

Guidance history

Every forecast California Resources put in an earnings release, newest first

GivenMetricPeriodGuidanceChange
Nov 2, 2026Capital InvestmentsQ4 FY2026$110.00M – $130.00MNew
Nov 2, 2026drilling, completions and workover capitalFY2027$450.00M – $475.00MNew
Nov 2, 2026Adjusted EBITDAXQ4 FY2026$340.00M – $380.00MNew
Nov 2, 2026Margin from purchased commoditiesQ4 FY2026$11.00M – $15.00MLowered
Nov 2, 2026Adjusted general and administrative expensesQ4 FY2026$83.00M – $93.00MNew
Nov 2, 2026Current income tax provisionQ4 FY2026-$2.00M – $2.00MLowered
Nov 2, 2026Interest and debt expenseQ4 FY2026$28.00M – $32.00MLowered
Nov 2, 2026Taxes other than on incomeQ4 FY2026$68.00M – $78.00MRaised
Nov 2, 2026Transportation costsQ4 FY2026$30.00M – $35.00MLowered
Nov 2, 2026Depreciation, depletion and amortizationQ4 FY2026$128.00M – $140.00MRaised
Nov 2, 2026General and administrative expensesQ4 FY2026$95.00M – $99.00MLowered
Nov 2, 2026Other operating expenses net of other revenueQ4 FY2026$20.00M – $30.00MRaised
Nov 2, 2026Operating costsQ4 FY2026$370.00M – $390.00MNew
Nov 2, 2026Effective tax rateQ4 FY202627% – 31%Lowered
Nov 2, 2026Percentage OilQ4 FY202679%New
Nov 2, 2026Net ProductionQ4 FY2026150 – 152New
Nov 2, 2026Electricity revenue net of electricity generation expensesQ4 FY2026$5.00M – $11.00MLowered
Aug 10, 2026Capital investmentsQ3 FY2026$150.00M – $170.00MNew
Aug 10, 2026Capital investmentsFY2026$520.00M – $560.00MNew
Aug 10, 2026Adjusted EBITDAXQ3 FY2026$285.00M – $325.00MNew

Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.

Press releases

Releases California Resources filed with the SEC as exhibits to Form 8-K or 6-K

  1. Results
  2. Results
  3. News
  4. Results
  5. Results
  6. Results
  7. News
  8. Results
  9. Results
  10. News
  11. Results
  12. News
  13. Results
  14. Results
  15. Update

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