California Resources (CRC) Projected to Post Quarterly Earnings on Monday

Key Points

• California Resources is expected to report Q2 2026 results after the market closes on Monday, August 10. Analysts project earnings of $1.36 per share on revenue of approximately $960.2 million.
• The company’s previous quarter showed mixed results: EPS of $0.88 matched estimates, but revenue was just $119 million and fell 87% year over year. Analysts expect full-year EPS of $4, followed by $3 next year.
• CRC shares recently opened at $52.54, while analysts have a consensus “Moderate Buy” rating and an average price target of $73.09. The company also pays a quarterly dividend of $0.405, equivalent to a 3.1% annual yield.

California Resources (NYSE:CRC - Get Free Report) is anticipated to post its Q2 2026 results after the market closes on Monday, August 10th. Analysts expect the company to announce earnings of $1.36 per share and revenue of $960.2030 million for the quarter. Parties may review the information on the company's upcoming Q2 2026 earning results page for the latest details on the call scheduled for Monday, August 10, 2026 at 1:00 PM ET.

California Resources (NYSE:CRC - Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The oil and gas producer reported $0.88 EPS for the quarter, hitting analysts' consensus estimates of $0.88. California Resources had a negative net margin of 16.10% and a positive return on equity of 10.12%. The company had revenue of $119.00 million during the quarter, compared to the consensus estimate of $947.50 million. During the same period last year, the firm earned $1.07 EPS. The firm's revenue for the quarter was down 87.0% compared to the same quarter last year. On average, analysts expect California Resources to post $4 EPS for the current fiscal year and $3 EPS for the next fiscal year.

California Resources Stock Performance

Shares of NYSE:CRC opened at $52.54 on Monday. The business's fifty day moving average price is $55.04 and its two-hundred day moving average price is $58.46. California Resources has a fifty-two week low of $43.24 and a fifty-two week high of $71.98. The stock has a market capitalization of $4.66 billion, a price-to-earnings ratio of -10.10 and a beta of 0.93. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.55 and a quick ratio of 0.47.

California Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, May 29th were issued a $0.405 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 3.1%. California Resources's dividend payout ratio (DPR) is currently -31.15%.

Insider Transactions at California Resources

In other news, EVP Jay A. Bys sold 11,907 shares of the firm's stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $54.00, for a total value of $642,978.00. Following the completion of the sale, the executive vice president directly owned 159,424 shares of the company's stock, valued at $8,608,896. This trade represents a 6.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.53% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On California Resources

Institutional investors have recently modified their holdings of the business. Invesco Ltd. increased its stake in California Resources by 3.0% during the 4th quarter. Invesco Ltd. now owns 1,102,049 shares of the oil and gas producer's stock worth $49,273,000 after acquiring an additional 32,460 shares during the period. Mackenzie Financial Corp grew its holdings in shares of California Resources by 8.2% during the 4th quarter. Mackenzie Financial Corp now owns 11,313 shares of the oil and gas producer's stock worth $504,000 after purchasing an additional 862 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its position in shares of California Resources by 12.1% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,616,761 shares of the oil and gas producer's stock worth $72,285,000 after purchasing an additional 174,154 shares during the period. Empowered Funds LLC increased its position in shares of California Resources by 116.0% in the fourth quarter. Empowered Funds LLC now owns 100,631 shares of the oil and gas producer's stock worth $4,499,000 after purchasing an additional 54,041 shares during the period. Finally, XTX Topco Ltd acquired a new position in California Resources in the fourth quarter valued at about $3,008,000. Institutional investors own 97.79% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CRC. Stephens set a $85.00 price target on shares of California Resources and gave the stock an "overweight" rating in a research report on Friday, July 17th. Wall Street Zen cut shares of California Resources from a "buy" rating to a "hold" rating in a research note on Tuesday, June 23rd. Barclays raised their price target on California Resources from $72.00 to $80.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 26th. Citigroup dropped their price objective on California Resources from $78.00 to $70.00 and set a "buy" rating for the company in a report on Tuesday, June 30th. Finally, Mizuho raised their target price on California Resources from $86.00 to $87.00 and gave the stock an "outperform" rating in a report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $73.09.

About California Resources

California Resources Corporation NYSE: CRC is an independent exploration and production company focused exclusively on developing oil and natural gas assets in California. Headquartered in Newport Beach, the company engages in hydraulic fracturing, well completions, reservoir management and enhanced recovery operations to produce crude oil, natural gas and natural gas liquids.

CRC's operations are concentrated in three core regions: the Los Angeles Basin, the Ventura Basin and the San Joaquin Basin.

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