Q3 Earnings Forecast for CRC Issued By Capital One Financial

Key Points

• Capital One Financial has revised its Q3 2025 earnings per share estimate for California Resources Corporation, lowering it from $1.32 to $1.31.
• California Resources reported a 90.3% year-over-year increase in quarterly revenue, totaling $978 million, and beat consensus EPS estimates by $0.19.
• The company announced a quarterly dividend of $0.3875 per share, with a dividend yield of 3.1% and a payout ratio of 21.17%.

California Resources Corporation (NYSE:CRC - Free Report) - Analysts at Capital One Financial decreased their Q3 2025 earnings per share estimates for California Resources in a research report issued on Wednesday, August 27th. Capital One Financial analyst P. Johnston now expects that the oil and gas producer will earn $1.31 per share for the quarter, down from their prior forecast of $1.32. The consensus estimate for California Resources' current full-year earnings is $3.85 per share. Capital One Financial also issued estimates for California Resources' Q4 2025 earnings at $0.85 EPS, FY2025 earnings at $4.33 EPS, Q1 2026 earnings at $0.72 EPS, Q2 2026 earnings at $0.68 EPS, Q3 2026 earnings at $0.81 EPS, Q4 2026 earnings at $0.81 EPS, FY2026 earnings at $3.01 EPS and FY2027 earnings at $3.05 EPS.

California Resources (NYSE:CRC - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The oil and gas producer reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.19. The business had revenue of $978.00 million for the quarter, compared to analysts' expectations of $820.93 million. California Resources had a return on equity of 11.95% and a net margin of 16.14%.The company's revenue for the quarter was up 90.3% compared to the same quarter last year. During the same period last year, the firm earned $0.60 earnings per share.

Several other analysts have also recently issued reports on the company. JPMorgan Chase & Co. upgraded California Resources from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $60.00 to $63.00 in a research note on Tuesday, July 15th. Wall Street Zen cut California Resources from a "buy" rating to a "hold" rating in a research note on Sunday, June 29th. Roth Capital reiterated a "buy" rating on shares of California Resources in a research note on Saturday, July 19th. Barclays upgraded California Resources from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $50.00 to $60.00 in a research note on Friday, May 30th. Finally, UBS Group increased their price objective on California Resources from $61.00 to $63.00 and gave the company a "buy" rating in a research note on Wednesday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $63.00.

California Resources Stock Up 0.6%

Shares of NYSE CRC traded up $0.32 during mid-day trading on Monday, hitting $50.00. The company had a trading volume of 529,969 shares, compared to its average volume of 772,510. The company has a market capitalization of $4.18 billion, a PE ratio of 10.85 and a beta of 1.16. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.78 and a quick ratio of 0.68. California Resources has a 1-year low of $30.97 and a 1-year high of $60.41. The business's 50-day simple moving average is $48.09 and its 200 day simple moving average is $43.84.

Hedge Funds Weigh In On California Resources

Several hedge funds have recently made changes to their positions in the company. American Century Companies Inc. grew its holdings in shares of California Resources by 10.5% during the second quarter. American Century Companies Inc. now owns 2,846,722 shares of the oil and gas producer's stock worth $130,010,000 after purchasing an additional 270,562 shares during the last quarter. Sourcerock Group LLC grew its holdings in shares of California Resources by 63.8% during the second quarter. Sourcerock Group LLC now owns 2,000,649 shares of the oil and gas producer's stock worth $91,370,000 after purchasing an additional 779,280 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC grew its holdings in shares of California Resources by 6.1% during the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,289,479 shares of the oil and gas producer's stock worth $58,891,000 after purchasing an additional 73,885 shares during the last quarter. Orbis Allan Gray Ltd grew its holdings in shares of California Resources by 3.0% during the first quarter. Orbis Allan Gray Ltd now owns 1,198,841 shares of the oil and gas producer's stock worth $52,713,000 after purchasing an additional 34,593 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of California Resources by 4.4% during the first quarter. Victory Capital Management Inc. now owns 1,063,905 shares of the oil and gas producer's stock worth $46,780,000 after purchasing an additional 44,938 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company's stock.

California Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Wednesday, August 27th will be issued a dividend of $0.3875 per share. The ex-dividend date of this dividend is Wednesday, August 27th. This represents a $1.55 annualized dividend and a dividend yield of 3.1%. California Resources's dividend payout ratio (DPR) is presently 21.17%.

About California Resources

California Resources Corporation operates as an independent oil and natural gas exploration and production, and carbon management company in the United States. The company explores, produces, and markets crude oil, natural gas, and natural gas liquids for marketers, California refineries, and other purchasers that have access to transportation and storage facilities.