Oil and Gas Exploration and Production

California Resources

California Resources released FY2026 Q1 earnings on May 5 After-Market (EST), actual revenue USD 119M (forecast USD 945.4M), actual EPS USD -8.02 (forecast USD 0.7701)

California Resources Raises 2026 EBITDAX Target and Outlines Capital Spending Plans

California Resources Corporation Reports Q1 2026 Earnings with Net Loss of $711 Million

California Resources to Release FY2026 Q1 Earnings on May 5 After-Market EST, Forecast Revenue USD 945.4 M, EPS USD 0.8151

Wall Street Analysts Raised California Resources Corporation's Target Price to $67

Citigroup Raises California Resources Target Price to $67

BofA Global Research raises California Resources target price to $76

California Resources Reports Strong Earnings and 2026 Prospects

California Resources released FY2025 earnings on March 2, Pre-Market (EST), actual revenue USD 3.403 B (forecast USD 3.419 B), actual EPS USD 4.15 (forecast USD 4.4395)

California Resources released FY2025 Q4 earnings on March 2 Pre-Market (EST), actual revenue USD 798 M (forecast USD 789.83 M), actual EPS USD 0.1382 (forecast USD 0.4415)

California Resources to Release FY2025 Q4 Earnings on March 2, Pre-Market EST; Forecast Revenue USD 789.83 M, EPS USD 0.4415

JPMorgan Analyst Maintains Buy Rating on California Resources Corp

California Resources Corporation Completes All-Stock Merger with Berry Companies

CRC and CTV sign MOU to Provide Carbon Transport and Storage for Power Plants

Berry Corporation shareholders approve merger with California Resources Corporation

Mizuho Reiterates Buy Rating on California Resources with a Target of $71

Berry Company's Merger with California Resources Advances

Barclays analyst reiterates buy rating on California Resources Corp

MKM Analyst Maintains Buy Rating on California Resources Corp with $59.00 Price Target

California Resources released FY2025 9 Months earnings on November 4, 2025, After-Market (EST), actual revenue USD 2.605 B, actual EPS USD 3.94

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Ordinary dividend (cash)

Ex Date: 2026.05.29 (EST), Cash dividend 0.405 USD

California Resources Corp's Executive Vice President, Michael L. Preston, sold 26,409 shares worth $1,579,522 on May 12, 2026, marking a significant insider transaction. Analysts have mixed views on CRC stock; UBS lowered its price outlook while BofA raised it, citing improved sector conditions. Spark's AI Analyst rates CRC as Neutral, highlighting operational momentum but concerns over earnings stability due to a net loss and declining free cash flow. The stock has a year-to-date performance of 34.35% and a market cap of $5.23B.

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BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH INT NON CUM PFD QQ

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '5'

BANK OF AMERICA CORPORATION 7.25% NON-CUM PERP CONV PFD SER L

BANK OF AMERICA CORPORATION 5.875%NON CUM DEP SHS REP1/1000TH SER HH

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '2'

BANK OF AMERICA CORPORATION 5% DEP SHS REPR 1/1000TH NON CUM PFD LL

BANK OF AMERICA CORPORATION DEP SHARES REP 1/1000TH PERP PFD SER 'E'

BANK OF AMERICA CORPORATION INCOME CAPITAL OBLIG NTS DUE 15/12/2066

BANK OF AMERICA CORPORATION 4.375% DP SH RP 1/1000TH IN NON CU PF NN

BANK OF AMERICA CORPORATION DEP SH REP 1/1200TH PRF SER 1 USD25

BANK OF AMERICA CORPORATION 5.375%DEP SHS REP 1/1000TH NON CUM SR KK

BANK OF AMERICA CORPORATION 6%NON CUM DEP SHS EACH REP 1/1000 SER GG

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200 PFD SER 4 USD25

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH NON CUM PFD SER SS

BANK OF AMERICA CORPORATION 4.125%DEP SH REP 1/1000 PFD SER PP USD25

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Top California Resources Executive Makes Major Insider Stock Move

Analysts have downgraded their revenue forecasts for California Resources Corporation (NYSE:CRC), now predicting revenues of $3.1 billion in 2026, a 12% reduction from previous estimates of $3.9 billion. This reflects a significant shift in outlook, with expected annualized revenue decline of 15% compared to historical growth of 8.1% over the past five years. In contrast, the industry is expected to grow at 3.5% per year. Overall, the downgrade raises concerns about California Resources' future performance.

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These Analysts Think California Resources Corporation's (NYSE:CRC) Sales Are Under Threat

California Resources (CRC) reported a Q1 2026 loss of US$711 million, with revenue of US$967 million and a basic EPS loss of US$8.02 per share. Despite a trailing revenue of US$3.5 billion, the company faced a net loss of US$463 million over the past year. Production increased to 14.0 MMboe, but higher output did not prevent losses. Analysts expect future earnings growth, yet current profitability remains elusive, raising concerns about the sustainability of CRC's bullish narrative amid ongoing margin pressures.

California Resources (CRC) Posts US$711m Q1 Loss Challenging Margin Improvement Narrative

Earnings Watch

California Resources | 10-Q: FY2026 Q1 Revenue: USD 119 M

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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CRC Q1 2026 Earnings Call Transcript

California Resources (NYSE:CRC) reported strong Q1 2026 results with adjusted EBITDAX of $304 million, exceeding guidance by 17%. The company is increasing drilling activity with three additional rigs, targeting 1% production growth by year-end. They completed California's first commercial-scale carbon capture project, awaiting EPA approval. The Berry merger synergies surpassed expectations, with 80% implemented, enhancing capital efficiency and projecting over $800 million in free cash flow for the year. Management emphasized the importance of local oil production for California's energy security and affordability amid global supply chain vulnerabilities.

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Full Transcript: California Resources Q1 2026 Earnings Call

California Resources shares are trading lower after the company reported mixed Q1 financial results.

California Resources Corporation (CRC) reported a Q1 2026 net production of 154,000 barrels of oil equivalent per day and a net loss of $711 million due to non-cash losses on commodity derivatives. The company increased its capital budget to $520-$560 million and raised its adjusted EBITDAX guidance by 42% to $1.45 billion. CRC returned $46 million to shareholders and maintained strong liquidity of $1.28 billion. The latest analyst rating is a Buy with a $77.00 price target, reflecting confidence in its financial strength and production growth.

California Resources Highlights Strategic Progress and Shareholder Approvals

California Resources(CRC.US)