California Resources/$CRC

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About California Resources

California Resources Corp is an independent oil and natural gas exploration and production company. The company has operations spread across different properties in several oil and gas exploration basins in California and Utah, such as the Midway-Sunset, South Belridge, and McKittrick fields, in the San Joaquin Basin, and other properties located in Los Angeles, Sacramento, Uinta, and the Ventura and Salinas basins. Additionally, the company is focused on maximizing the value of its land, mineral ownership, and energy expertise for decarbonization by developing carbon capture and storage (CCS) and other emissions-reducing projects. Its business is organized into two reporting segments: oil and natural gas, which generate maximum revenue, and carbon management.
Ticker
$CRC
Sector
Energy
Primary listing
NYSE
Employees
2,500

CRC Metrics

BasicAdvanced
$4.7B
-
-$1.40
0.90
$1.60
3.03%

What the Analysts think about CRC

Analyst ratings (Buy, Hold, Sell) for California Resources stock.
Analyst projections of the future price of California Resources stock.

Bulls say / Bears say

Disciplined capital allocation: CRC reaffirmed its full-year 2026 capital budget at $370–$390 million, reduced drilling spend by $10 million, and emphasized operational efficiencies to support sustainable cash flow generation. (Reuters)
Extended debt maturity profile: in June 2026 CRC completed a private offering of $550 million of 7.25% senior notes due 2035 to redeem its 2029 notes, extending its debt maturity by six years and reducing near-term refinancing risk. (Reuters),
Strategic midstream expansion: announced acquisition of Crimson Midstream Holdings for $63 million to add roughly 2,000 miles of California pipeline infrastructure, bolstering CRC’s integrated platform and market access. (Reuters via TradingView)
High leverage and interest burden: net interest and debt expense of $28 million in Q2 2026 and total debt of approximately $1.38 billion increases vulnerability to refinancing risk and margin pressure if commodity prices decline. (Reuters)
Limited organic growth outlook: CRC’s 2026 entry-to-exit gross production growth target of just 1% reflects the maturity of its California and Utah fields and underscores constrained reserve replacement capacity. (Reuters)
Earnings miss dampens sentiment: Q2 adjusted EPS fell short of analyst expectations, signaling cost pressures and potential volatility in commodity realizations that may undermine investor confidence. (Reuters via TradingView)
Data summarised monthly by Lightyear AI. Last updated on 23 Aug 2026.

CRC Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

CRC Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
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