California Resources Corp CRC

Energy SIC 1311 - Crude Petroleum & Natural Gas NAICS Mining, Quarrying, and Oil and Gas Extraction › Oil and Gas Extraction derived NYSE

We are an independent energy and carbon management company advancing the energy transition. We are committed to environmental stewardship while safely providing local, responsibly sourced energy. We are also focused on maximizing the value of our land, mineral ownership, and energy expertise for decarbonization by developing carbon capture and storage (CCS) and other emissions reducing projects.

Our business is organized into two reporting segments: oil and natural gas and carbon management. Our oil and natural gas segment explores for, develops and produces crude oil and condensate, natural gas liquids and natural gas in major producing basins located in California and Utah. As of December 31, 2025, our proved reserves totaled an estimated 654 MMBoe, of which 541 MMBbl were crude oil and condensate reserves, 37 MMBbl were NGL reserves and 455 Bcf, or 76 MMBoe, were natural gas reserves. As of December 31, 2025, we held approximately 2 million net mineral acres. Our operated asset base spans 68 distinct fields with approximately 22,000 net operated wells. We had average net production of approximately 138 MBoe/d (79% oil) for the year ended December 31, 2025.

Last close 54.53 2026-10-23
Market cap $4.84B 2026-06-30 share count
52-week range 43.24 - 71.98

Valuation FY2025 figures against the last close

P/S1.7x
P/E13.1x
P/FCF8.9x
EV/EBITDA5.4x
Dividend yield2.8%
Diluted EPS4.15

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $2.91B$2.54B$2.15B$2.64B$2.05B—$2.27B$2.59B$1.94B$1.62B
Cost of revenue ——————$2.21B$2.29B$1.93B—
Gross profit ——————$65.0M$295.0M$3.0M—
SG&A $333.0M$321.0M$267.0M$222.0M$200.0M—$290.0M$299.0M$249.0M$235.0M
Total operating expenses $3.07B$2.59B$2.02B$1.95B$1.72B—————
Operating income $598.0M$620.0M$808.0M$812.0M$293.0M—$429.0M$769.0M$73.0M-$293.0M
Pre-tax income $502.0M$516.0M$748.0M$761.0M$229.0M—$100.0M$429.0M-$262.0M$201.0M
Income tax $139.0M$140.0M$184.0M$237.0M$396.0M—$1.0M$0$0$78.0M
Net income $363.0M$376.0M$564.0M$524.0M$612.0M—-$28.0M$328.0M-$266.0M$279.0M
EPS, basic 4.174.748.106.947.46—-0.576.77-6.266.76
EPS, diluted 4.154.627.786.757.37—-0.576.77-6.266.76
Shares, diluted (wtd. avg.) 87.4M81.4M72.5M77.6M83.0M—49.0M47.4M42.5M40.4M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $132.0M$372.0M$496.0M$307.0M$305.0M$28.0M$17.0M$17.0M$20.0M$12.0M
Receivables $333.0M$330.0M$216.0M$326.0M$245.0M$149.0M$277.0M$299.0M$277.0M$232.0M
Inventory $106.0M$90.0M$72.0M$60.0M$60.0M$61.0M$67.0M$69.0M$56.0M$58.0M
Total current assets $938.0M$1.02B$929.0M$864.0M$753.0M$515.0M$491.0M$640.0M$483.0M$425.0M
Property, plant and equipment ——————$6.35B$6.46B$5.70B$5.88B
Total assets $7.40B$7.13B$4.00B$3.97B$3.85B$3.29B$6.96B$7.16B$6.21B$6.35B
Accounts payable $452.0M$369.0M$245.0M$345.0M$266.0M$215.0M$296.0M$390.0M$257.0M$219.0M
Total current liabilities $1.05B$980.0M$616.0M$894.0M$854.0M$446.0M$709.0M$607.0M$732.0M$726.0M
Long-term debt $1.28B$1.13B$540.0M$592.0M$589.0M$723.0M$4.98B$5.25B$5.31B$5.27B
Retained earnings $1.91B$1.68B$1.42B$938.0M$475.0M$0-$5.37B-$5.34B-$5.67B-$5.40B
Total equity $3.67B$3.54B$2.22B$1.86B$1.69B$1.18B-$296.0M-$247.0M-$720.0M-$557.0M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $865.0M$610.0M$653.0M$690.0M$660.0M—$676.0M$461.0M$248.0M$130.0M
Depreciation and amortisation $511.0M$388.0M$225.0M$198.0M$213.0M—$471.0M$502.0M$544.0M$559.0M
Capital expenditure $322.0M$255.0M$185.0M$379.0M$194.0M—$455.0M$690.0M$371.0M$75.0M
Investing cash flow -$725.0M-$1.08B-$175.0M-$317.0M-$161.0M—-$394.0M-$1.16B-$313.0M-$61.0M
Financing cash flow -$380.0M$343.0M-$289.0M-$371.0M-$222.0M—-$282.0M$692.0M$73.0M-$69.0M
Dividends paid $136.0M$113.0M$81.0M$59.0M$14.0M—$0———
Buybacks $377.0M$192.0M$143.0M$313.0M$148.0M—$0———

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001609253-26-000051.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -1B 0 1B 2B 3B Revenue, FY2016: 1.6B Net income, FY2016: 279M Revenue, FY2017: 1.9B Gross profit, FY2017: 3M Net income, FY2017: -266M Revenue, FY2018: 2.6B Gross profit, FY2018: 295M Net income, FY2018: 328M Revenue, FY2019: 2.3B Gross profit, FY2019: 65M Net income, FY2019: -28M Revenue, FY2021: 2B Net income, FY2021: 612M Revenue, FY2022: 2.6B Net income, FY2022: 524M Revenue, FY2023: 2.2B Net income, FY2023: 564M Revenue, FY2024: 2.5B Net income, FY2024: 376M Revenue, FY2025: 2.9B Net income, FY2025: 363M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.62B $1.94B $2.59B $2.27B — $2.05B $2.64B $2.15B $2.54B $2.91B
Gross profit — $3.0M $295.0M $65.0M — — — — — —
Net income $279.0M -$266.0M $328.0M -$28.0M — $612.0M $524.0M $564.0M $376.0M $363.0M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Results announced Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Other event Item 8.01
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Material agreement signed Item 1.01
  • Material agreement signed Item 1.01
  • New debt or obligation Item 2.03

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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