California Resources Corp
Close on Oct 19, 2026
- Market cap
- $4.86B
- P/E (TTM)
- –
- Dividend yield
- 2.88%
Earnings
Next report expected Nov 3, 2026, after market close (estimated from past report dates)
| Quarter | Reported | Time | Revenue | EPS (GAAP) | EPS (adjusted) |
|---|---|---|---|---|---|
| Q2 FY2026 Ended Jun 30, 2026 | Aug 10, 2026 | Before market open | $1.30B | $5.76 | $0.99 |
| Q1 FY2026 Ended Mar 31, 2026 | May 5, 2026 | After market close | $119.00M | – | – |
| Q4 FY2025 Ended Dec 31, 2025 | Mar 11, 2026 | During market hours | – | – | – |
| Q3 FY2025 Ended Sep 30, 2025 | Nov 4, 2025 | After market close | $855.00M | $0.76 | $1.46 |
| Q2 FY2025 Ended Jun 30, 2025 | Aug 5, 2025 | After market close | $978.00M | $1.92 | $1.10 |
| Q1 FY2025 Ended Mar 31, 2025 | May 6, 2025 | After market close | $912.00M | $1.26 | $1.07 |
| Q4 FY2024 Ended Dec 31, 2024 | Mar 3, 2025 | Before market open | – | – | – |
| Q3 FY2024 Ended Sep 30, 2024 | Nov 5, 2024 | After market close | $1.35B | $3.78 | $1.50 |
| Q2 FY2024 Ended Jun 30, 2024 | Aug 6, 2024 | After market close | $514.00M | $0.11 | $0.60 |
| Q1 FY2024 Ended Mar 31, 2024 | May 7, 2024 | After market close | – | – | – |
| Q4 FY2023 Ended Dec 31, 2023 | Feb 27, 2024 | After market close | – | – | – |
Company guidance
Outlook given with results on Aug 10, 2026, compared with the previous outlook
| Measure | Period | Guidance | vs. prior |
|---|---|---|---|
| Capital investmentsGAAP | 3Q26E | $150.00M to $170.00M | New |
| Capital investmentsGAAP | 2026E | $520.00M to $560.00M | New |
| Adjusted EBITDAXnon-GAAP | 3Q26E | $285.00M to $325.00M | New |
| Adjusted EBITDAXnon-GAAP | 2026E | $1.20B to $1.30B | New |
| Current income tax provisionGAAP | 2026E | -$2.00M to $2.00M | Lowered |
| Interest and debt expenseGAAP | 2026E | $115.00M to $125.00M | Lowered |
| Taxes other than on incomeGAAP | 2026E | $272.00M to $282.00M | Raised |
| Transportation costsGAAP | 2026E | $115.00M to $125.00M | Lowered |
| Depreciation, depletion and amortizationGAAP | 2026E | $520.00M to $540.00M | Raised |
| General and administrative expensesGAAP | 2026E | $365.00M to $385.00M | Lowered |
| Operating costsGAAP | 2026E | $1.43B to $1.48B | New |
| Effective tax rateGAAP | 2026E | 33% to 37% | New |
| Net oil production (%) | 2026E | 80% | New |
| Net production (MBoe/d) | 2026E | 150 to 155 | New |
| Other operating expenses net of other revenuenon-GAAP | 3Q26E | $20.00M to $32.00M | Raised |
| Electricity revenue net of electricity generation expensesnon-GAAP | 3Q26E | $18.00M to $24.00M | Raised |
| Other operating expenses net of other revenuenon-GAAP | 2026E | $135.00M to $145.00M | Raised |
| Adjusted general and administrative expensesnon-GAAP | 3Q26E | $75.00M to $85.00M | New |
| Current income tax provisionGAAP | 3Q26E | -$2.00M to $2.00M | Lowered |
| Interest and debt expenseGAAP | 3Q26E | $27.00M to $31.00M | Lowered |
| Taxes other than on incomeGAAP | 3Q26E | $70.00M to $80.00M | Raised |
| Transportation costsGAAP | 3Q26E | $30.00M to $35.00M | Lowered |
| Depreciation, depletion and amortizationGAAP | 3Q26E | $126.00M to $138.00M | Raised |
| General and administrative expensesGAAP | 3Q26E | $82.00M to $92.00M | Lowered |
| Operating costsGAAP | 3Q26E | $360.00M to $380.00M | New |
| Effective tax rateGAAP | 3Q26E | 33% to 37% | New |
| Net oil production (%) | 3Q26E | 80% | New |
| Net production (MBoe/d) | 3Q26E | 151 to 154 | New |
| Margin from purchased commoditiesnon-GAAP | 3Q26E | $11.00M to $15.00M | Lowered |
| Electricity revenue net of electricity generation expensesnon-GAAP | 2026E | $20.00M to $40.00M | Lowered |
| Margin from purchased commoditiesnon-GAAP | 2026E | $50.00M to $65.00M | Lowered |
| Adjusted general and administrative expensesnon-GAAP | 2026E | $335.00M to $350.00M | New |
Figures and the sentence they come from are taken from the company's earnings release. Hover a measure to read the source sentence.
Press releases
Announcements California Resources filed with the SEC
California Resources Corporation Reports Second Quarter 2026 Financial and Operating Results
Results of operations · EX-99.1 to Form 8-K
NEWS RELEASE For immediate release
Other events · EX-99.1 to Form 8-K
NEWS RELEASE For immediate release
Results of operations · Other events · EX-99.1 to Form 8-K
For the purposes of this Exhibit:
Results of operations · Other events · EX-99.2 to Form 8-K
California Resources Corporation Reports First Quarter 2026 Financial and Operating Results
Results of operations · Shareholder vote results · EX-99.1 to Form 8-K
NEWS RELEASE For immediate release
Other events · EX-99.1 to Form 8-K
NEWS RELEASE For immediate release
Results of operations · Other events · EX-99.1 to Form 8-K
For the purposes of this Exhibit:
Results of operations · Other events · EX-99.2 to Form 8-K
California Resources Corporation Closes Combination with Berry Corporation
Material agreement · Acquisition or disposition completed · Other events · EX-99.1 to Form 8-K
California Resources Corporation Reports Third Quarter 2025 Financial and Operating Results
Results of operations · EX-99.1 to Form 8-K
California Resources Corporation Announces Pricing of Private Offering of $400 Million of Senior Unsecured Notes
Other events · EX-99.1 to Form 8-K
California Resources Corporation Announces Private Offering of $400 Million of Senior Unsecured Notes
Material agreement · Results of operations · Other events · EX-99.1 to Form 8-K
For the purposes of this Exhibit:
Material agreement · Results of operations · Other events · EX-99.2 to Form 8-K
California Resources Corporation Announces All-Stock Combination with Berry Corporation
Regulation FD disclosure · EX-99.1 to Form 8-K
Strategic Bolt-On Combination California’s Leading Energy Platform
Regulation FD disclosure · EX-99.2 to Form 8-K
California Resources Corporation Reports Second Quarter 2025 Financial and Operating Results
Results of operations · EX-99.1 to Form 8-K
California Resources Reports First Quarter 2025 Financial and Operating Results
Results of operations · Shareholder vote results · EX-99.1 to Form 8-K
California Resources Reports Fourth Quarter and Full Year 2024 Financial and Operating Results
Results of operations · EX-99.1 to Form 8-K
California Resources Corporation Names Clio Crespy as Chief Financial Officer
Executive or director change · Regulation FD disclosure · EX-99.1 to Form 8-K
California Resources Reports Third Quarter 2024 Financial and Operating Results
Results of operations · EX-99.1 to Form 8-K
California Resources Corporation Announces Pricing of Upsized Private Offering of $300 Million of Additional
Material agreement · New financial obligation · Other events · EX-99.1 to Form 8-K
California Resources Corporation Announces Private Offering of Additional 8.250% Senior Unsecured Notes due
Results of operations · Other events · EX-99.1 to Form 8-K
Aera Parent means Aera Parent Predecessor and Aera Parent Successor on an individual basis and collective
Results of operations · Other events · EX-99.2 to Form 8-K
CRC + Aera Hedge Portfolio
Results of operations · Other events · EX-99.3 to Form 8-K
California Resources Reports Second Quarter 2024 Financial and Operating Results
Results of operations · EX-99.1 to Form 8-K
California Resources Corporation Completes Combination with Aera Energy
Material agreement · Acquisition or disposition completed · Results of operations · New financial obligation · Unregistered share sale · Executive or director change · Other events · EX-99.1 to Form 8-K
NEWS RELEASE For immediate release
Other events · EX-99.1 to Form 8-K
California Resources Corporation Announces Private Offering of $500 Million of Senior Unsecured Notes
Results of operations · Other events · EX-99.1 to Form 8-K
For the purposes of this Exhibit:
Results of operations · Other events · EX-99.2 to Form 8-K
Cash Flow Priorities and Credit Highlights
Regulation FD disclosure · EX-99.1 to Form 8-K
California Resources Reports First Quarter 2024 Financial and Operating Results
Results of operations · Shareholder vote results · EX-99.1 to Form 8-K
California Resources Reports Fourth Quarter and Full-Year 2023 Financial and Operating Results
Results of operations · EX-99.1 to Form 8-K
California Resources Corporation to Combine with Aera Energy
Regulation FD disclosure · EX-99.1 to Form 8-K
Expanding Our Leading Energy Platform Complementary Assets and Highly Accretive Transaction
Regulation FD disclosure · EX-99.2 to Form 8-K
Table of Contents ON PACE FOR STRONG YEAR END 2023 RESULTS CARBON MANAGEMENT BUSINESS APPENDIX • CENTRAL CALIFORNIA • NORTHERN CALIFORNIA • DAC HUB
Regulation FD disclosure · EX-99 to Form 8-K
EX-99.1 to Form 8-K
Results of operations · EX-99.1 to Form 8-K
California Resources Corporation Reports Strong Second Quarter 2023 Financial Results and Provides Updates on Carbon Management Business
Results of operations · EX-99.1 to Form 8-K
California Resources Corporation Appoints Nelly Molina as Executive Vice President and Chief Financial Officer
Executive or director change · Charter or bylaw amendment · Shareholder vote results · Regulation FD disclosure · EX-99.1 to Form 8-K