California Resources (NYSE:CRC) Announces Earnings Results, Beats Estimates By $0.17 EPS

California Resources (NYSE:CRC) issued its quarterly earnings results on Monday. The oil and gas producer reported $1.17 EPS for the quarter, topping the consensus estimate of $1.00 by $0.17, FiscalAI reports. California Resources had a negative net margin of 3.79% and a positive return on equity of 9.82%. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $967.71 million. During the same period in the previous year, the business earned $1.46 earnings per share. California Resources’s revenue for the quarter was up .4% compared to the same quarter last year.

California Resources Stock Performance

Shares of NYSE CRC opened at $52.34 on Tuesday. The firm has a market capitalization of $4.65 billion, a price-to-earnings ratio of -38.49 and a beta of 1.02. California Resources has a one year low of $43.24 and a one year high of $71.98. The business has a fifty day simple moving average of $53.61 and a 200 day simple moving average of $56.95. The company has a current ratio of 0.66, a quick ratio of 0.56 and a debt-to-equity ratio of 0.38.

California Resources Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, September 4th were issued a $0.4050 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $1.62 annualized dividend and a yield of 3.1%. California Resources’s dividend payout ratio is -119.12%.

Key California Resources News

Here are the key news stories impacting California Resources this week:

• Positive Sentiment: Third-quarter adjusted earnings were $1.17 per share, above analyst estimates ranging from $0.94 to $1.00. Reported revenue of approximately $1.10 billion also exceeded the roughly $967.7 million consensus estimate. California Resources Corporation Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: CRC raised its quarterly dividend by 4% and delivered 2% sequential net-production growth, supporting the investment case for shareholder returns and operating momentum. California Resources Reports Third Quarter 2026 Results
• Positive Sentiment: Carbon TerraVault, CRC’s carbon-management subsidiary, signed an agreement with Bloom Energy to evaluate at least 1 gigawatt of decarbonized California power paired with carbon capture and storage. It also submitted an EPA Class VI permit application covering approximately 57 million metric tons of storage capacity, potentially expanding longer-term growth opportunities. CRC Announces Collaboration with Bloom Energy
• Neutral Sentiment: CRC is sharpening its California focus through the Uinta Basin sale and Crimson Midstream acquisition. Investors may view the portfolio changes favorably, although their eventual effect on cash flow and valuation remains to be demonstrated. CRC Third Quarter Financial and Operating Results
• Negative Sentiment: Despite beating estimates, adjusted EPS fell from $1.46 a year earlier, while the company reported a negative net margin. Coverage also questions whether CRC’s valuation still offers sufficient upside, contributing to market caution. California Resources Stock Still Looks Cheap Despite Market Caution

Insider Buying and Selling at California Resources

In other California Resources news, EVP Jay Bys sold 11,907 shares of California Resources stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $54.00, for a total transaction of $642,978.00. Following the sale, the executive vice president directly owned 123,703 shares of the company’s stock, valued at approximately $6,679,962. The trade was a 8.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 35,721 shares of company stock worth $1,928,934. 0.53% of the stock is currently owned by insiders.

Analysts Set New Price Targets

CRC has been the subject of a number of research reports. Stephens decreased their price objective on California Resources from $93.00 to $91.00 and set an “overweight” rating for the company in a research report on Friday, September 18th. Zacks Research upgraded shares of California Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 26th. UBS Group reiterated a “buy” rating and issued a $68.00 price objective (down from $73.00) on shares of California Resources in a research note on Monday, October 12th. Roth Capital reiterated a “buy” rating and issued a $59.00 target price (up from $58.00) on shares of California Resources in a research report on Thursday, September 17th. Finally, Barclays set a $74.00 target price on shares of California Resources and gave the company an “overweight” rating in a research note on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, California Resources presently has an average rating of “Moderate Buy” and a consensus target price of $74.44.

California Resources Company Profile

California Resources Corporation (NYSE: CRC) is an independent energy company focused on the exploration, development and production of oil and natural gas in California. Its operations are concentrated in the state’s San Joaquin and Los Angeles basins, where the company produces crude oil, natural gas and natural gas liquids for industrial, commercial and transportation markets.

In addition to conventional oil and gas production, California Resources is developing carbon-management projects through its Carbon TerraVault business.