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CRC

California Resources Corp

CRC

NYSE·Energy·Oil & Gas Exploration & Production·Mkt cap $4.6B

$50.91

▼ -1.62%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$43.25 - $71.98

P/E

-9.79

Fwd P/E

34.78

Beta

0.90

Div Yield

3.10%

Avg Vol

846.8K

Shares Out

88.7M

Mkt Cap

$4.6B

Price action

Price chart

Up 10.6% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

▲

Bull Case

5 reasons

  • Large acreage position of 1.9 million net mineral acres in prolific California basins
  • Proximity to major California refineries and established transportation infrastructure
  • Vertically integrated operations from exploration through marketing
  • Substantial proved reserves base of 480 million barrels of oil equivalent
  • Diversified revenue streams including electricity generation
▼

Bear Case

2 risks

  • Average volatility.
  • Extreme premium - high expectations embedded

Growth

Turning profitable

Crude oil price appreciation and strong California refinery demand

Value

Extreme premium - high expectations embedded

Momentum

Falling

-23.6% over 3m

Quality

Stable

Solid business

Dividend

Solid

3.10% yield

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: May 4, 2026

“
Q2 26 RECAP

MAY 5, 2026

Reported EPS of $0.88 vs $0.88 consensus (-0.1% surprise). Revenue of $119.0M vs $947.5M expected (-87.4%).

EPS miss
Revenue miss

EPS surprise · last 4Q

0 of 1 beats

Q2 26

-0.1%

Next: May 4, 2026

Revenue trend · last 8Q

—

—

+53%

+73%

+61%

-12%

-6%

+7%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$509.0M

$997.0M

$926.0M

$906.0M

$821.0M

$878.0M

$871.0M

$967.0M

Margins · last 8Q

Gross

—

Operating

—

Profit

-73.5%

View full earnings history →

Wall Street consensus

5 analysts · 100% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

5

100%

Hold

0%

Sell

0%

Median Price Target

$82.50

▲ +62.1% vs $50.91

Low $78.00
Median $82.50
High $87.00

Latest: Mizuho · $87.00 · May 27, 2026

2 analysts covering

View full analyst page →

vs Industry

How CRC stacks vs Oil & Gas Exploration & Production

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.