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California Resources Corporation

CRC Energy Oil & Gas E&P

California Resources Corporation’s revenue for fiscal 2025 (year ended December 2025) was $3.7 billion, up 14.7% from fiscal 2024.

Revenue
−50.8%
EPS
−567.3%
Free cash flow
−24.5%
Total debt
+26.7%

Quarter to September 2026, against a year earlier

45.88 2.46 −5.09%
Market cap
$4.0B
P/E
0.0×
Fwd P/E
106×
Dividend yield
3.53%
F-score
4/9
Altman Z
1.73
Beneish M
−2.75
Dividend safety
78/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 223.37
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — 5 — 1 1 1 1 1 1 —
Insider Ownership 8.37%

Capital & Financial Ratios $m

Size
Market Cap 4,030.00
Revenue ttm 2,761.00
Net income ttm (500.00)
Free cash flow ttm 339.00
Net debt Q 1,233.00
Valuation
P/E 0.00
Forward P/E 106.00 (above 35: high)
Price / sales 1.47
Forward P/S Powerpack
Price / FCF 12.00
Price / book 1.35
Financial health
Current ratio Q 0.51 (below 1: weak)
Debt / equity Q 0.42 (at or below 0.5: strong)
Interest coverage Q (15.65)
Growth
Revenue growth Q −50.76% (below 0%: shrinking)
Operating income growth Q −515.31% (below 0%: shrinking)
EPS, this year +7.92%
EPS, next year A −12.36% (below 0%: weak)
Revenue, next year A −2.21% (below 0%: weak)
EPS, past 5 yrs −28.66% (below 0%: weak)
EPS, next 5 yrs A +8.26%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.0×, against a ten-year median of 1.7×; over the ten years it ranged from 0.8× in 2023 to 3.3× in 2020.
P/S against its own 10 years 56.58%
10-year low 10-year high
P/B against its own 10 years 21.85%
10-year low 10-year high
EV/Sales against its own 10 years 72.90%
10-year low 10-year high
EV/FCF against its own 10 years 81.24%
10-year low 10-year high

Dividends raised every year since 2021

Yield
3.53%
Annual rate
1.62
Payout ratio
—
Growth, 2021–25
+74.3%/yr
  1. 0.17 ’21
  2. 0.79 ’22 +366
  3. 1.16 ’23 +46
  4. 1.40 ’24 +21
  5. 1.57 ’25 +12
  6. 1.62 ’26e +3
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 496 372 132 48
Receivables 235 376 347 426
Inventory 72 90 106 109
Other 113 176 353 181
929 1,024 938 820
2023 2024 2025 Q'26
Payables 245 369 452 397
ST’ Debt — — — —
Other — — — 580
616 980 1,050 1,622

Compound Annual Growth %

10y 5y 3y
Sales 4.32% 18.67% 10.67%
Cash Flow 7.94% 52.17% 7.83%
Earnings 0.00% (27.12%) (11.52%)
Book Value 0.00% 25.46% 25.38%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.94 Actual 1.17

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.49 0.47 Miss by 0.02
Q1 FY26 0.83 0.88 Beat by 0.05
Q2 FY26 1.31 0.99 Miss by 0.32
Q3 FY26 0.94 1.17 Beat by 0.23
Q4 FY26 1.48 — Reports 1 March 2027

EPS $

Mar Jun Sep Dec Year
’26 (8.02) 5.76 (3.55) — —
’25 1.26 1.92 0.76 0.14 4.15
’24 (0.14) 0.11 3.78 0.36 4.62
’23 4.09 1.35 (0.32) 2.60 7.78
’22 (2.23) 2.41 5.58 1.11 6.75
’21 (1.13) (1.34) 1.25 8.71 7.37
’20 (35.40) (4.99) 2.20 62.99 22.46
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 119 1,297 421 — —
’25 912 978 855 924 3,669
’24 454 514 1,353 877 3,198
’23 1,024 591 460 726 2,801
’22 153 747 1,125 682 2,707
’21 363 304 588 634 1,889
’20 573 276 409 301 1,559
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 99 263 305 — —
’25 186 165 279 235 865
’24 87 97 220 206 610
’23 310 108 104 131 653
’22 160 181 235 114 690
’21 147 127 182 204 660
’20 228 (135) 48 (35) 106
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (32) 114 142 — —
’25 131 109 188 115 543
’24 33 63 (712) 971 355
’23 263 69 71 65 468
’22 61 83 128 39 311
’21 120 77 131 138 466
’20 198 (138) 19 (20) 59
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 1,547 2,006 3,064 2,634 1,559 1,889 2,707 2,801 3,198 3,669 2,761 +10.1% 3,588 3,473 3,738 +0.6%
Gross margin, % 48.29 56.33 68.24 55.81 49.33 47.22 54.30 58.98 62.51 59.88 43.10 +11.6 pt
EBT 201 (262) 429 100 1,871 229 761 748 516 502 (707) +10.7%
EBT margin, % 12.99 (13.06) 14.00 3.80 120.01 12.12 28.11 26.70 16.14 13.68 (25.61) +0.7 pt
Net income 279 (262) 429 99 1,871 625 524 564 376 363 (500) +3.0%
Per share, $
Per share, $ Revenue 38.29 47.20 64.64 53.76 18.72 23.04 35.85 40.24 40.33 42.17 31.13 +1.1%
Earnings 6.91 (6.16) 6.77 (0.57) 21.20 7.46 6.94 8.10 4.74 4.17 (5.64) (5.5%)
Cash flow 3.22 5.84 9.73 13.80 1.27 8.05 9.14 9.38 7.69 9.94 10.17 +13.4%
Capex (1.86) (8.73) (14.56) (9.29) (0.56) (2.37) (5.02) (2.66) (3.22) (3.70) (6.35) +8.0%
Free cash flow 1.36 (2.89) (4.83) 4.51 0.71 5.68 4.12 6.72 4.48 6.24 3.82 +18.4%
Book value (13.79) (16.94) (5.21) (6.04) 14.19 20.59 24.69 31.88 44.62 42.23 34.10 n/m
Shares, m 40 43 47 49 83 82 76 70 79 87 88 +8.9%
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 0.95 5.55 5.81 6.72 12.35 10.90 0.00 4.2
P/S 0.40 0.40 0.40 0.40 1.26 1.85 1.16 1.34 1.29 1.06 1.47 1.0
P/B 0.00 0.00 0.00 0.00 1.66 2.07 1.68 1.69 1.16 1.06 1.35 0.9
EV/Sales 3.16 3.16 3.16 3.16 1.63 2.01 1.27 1.36 1.53 1.41 1.96 2.2
EV/FCF 38.57 38.57 38.57 38.57 43.07 8.15 11.04 8.15 13.77 9.51 16.00 24.8
Cash, $m
Cash, $m Operating cash flow 130 248 461 676 106 660 690 653 610 865 902 +23.4%
Capex (75) (371) (690) (455) (47) (194) (379) (185) (255) (322) (563) +17.6%
Free cash flow 55 (123) (229) 221 59 466 311 468 355 543 339 +29.0%
Balance, $m
Balance, $m Working capital (301) (249) 33 (218) (144) (101) (30) 313 44 (112) (802) (10.4%)
Net debt 5,256 5,286 5,234 5,106 569 284 285 44 760 1,151 1,233 (15.5%)
Shareholders’ equity (557) (720) (247) (296) 1,182 1,688 1,864 2,219 3,538 3,674 3,025 n/m
Returns, %
Returns, % ROA 4.16 (4.24) 4.91 (0.40) 35.21 17.69 13.41 14.16 6.75 4.99 (7.11) +0.8 pt
ROIC (3.90) 1.00 9.64 5.57 (67.28) 9.29 23.62 22.32 9.02 7.75 (8.22) +11.6 pt
ROE (37.88) 41.66 (67.84) 10.31 398.65 42.65 29.50 27.63 13.06 10.07 (15.46) +48.0 pt
People
People Employees 1,450 1,450 1,500 1,250 1,000 970 1,060 970 1,550 1,550 — +0.7%
Revenue/emp, $m 1.07 1.38 2.04 2.11 1.56 1.95 2.55 2.89 2.06 2.37 — +9.3%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

California Resources Corporation vs peers in Oil & Gas E&P (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
MGY Magnolia Oil & Gas Corp $6.3B 10.3× 9.4× +58.15% (above 0%: growing) +136.59% (above 0%: growing) +176.03% (above 0%: growing) 0.00% 30.08% Compare
MTDR Matador Resources Company $6.2B 8.4× 8.7× +23.82% (above 0%: growing) +10.97% (above 0%: growing) −65.09% (below 0%: shrinking) 85.09% 30.44% Compare
MUR Murphy Oil Corporation $5.2B 11.2× 10.6× +16.64% (above 0%: growing) n/m −59.09% (below 0%: shrinking) 100.00% 30.00% Compare
CNX CNX Resources Corporation. $5.0B 5.5× 7.4× −0.66% (below 0%: shrinking) −22.07% (below 0%: shrinking) −42.35% (below 0%: shrinking) 82.78% 44.70% Compare
LB LandBridge Company LLC $4.8B 42.4× 57.6× +39.46% (above 0%: growing) +41.94% (above 0%: growing) +44.89% (above 0%: growing) 0.00% 68.06% Compare
CRGY Crescent Energy Company $4.7B 62.7× 10.5× +55.92% (above 0%: growing) n/m +41.37% (above 0%: growing) 100.00% 35.43% Compare
CRC California Resources Corporation $4.0B — (loss-making) 106× −50.76% (below 0%: shrinking) n/m −24.47% (below 0%: shrinking) (0.24%) (96.67%)
CRK Comstock Resources, Inc. $3.9B 9.1× 27.6× −14.56% (below 0%: shrinking) −80.00% (below 0%: shrinking) −56.99% (below 0%: shrinking) 0.00% 5.97% Compare
BSM Black Stone Minerals, L.P. $3.1B 13.6× 15.4× −24.72% (below 0%: shrinking) −38.45% (below 0%: shrinking) −4.44% (below 0%: shrinking) 100.00% 56.37% Compare
Median of peers $4.9B 10.8× 10.6× +20.23% −5.55% −23.39% 83.94% 32.94%

All 74 Oil & Gas E&P stocks →

Pay and ownership Proxy statement filed 18 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 12.08m 9.55m 211.03
2024 7.99m 6.64m 236.66
2022 2.81m 3.37m 188.50
2021 17.58m 30.87m 181.84

Ownership

Directors and executive officers, together less than 1%
BlackRock, Inc. 12.08%
Canada Pension Plan Investment Board 11.84%
The Vanguard Group 10.28%
Solar Projects LLC 6.93%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

California Resources Corporation (CRC) Latest News

5 Nov

Impact 3 · · GuruFocus.com

4 Nov

Impact 4 · · The Motley Fool transcript

3 Nov

Impact 3 · · Simply Wall St.
Impact 3 · · MarketBeat transcript
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2 Nov

Impact 3 · · StockStory
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29 Oct

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26 Oct

Impact 3 · · Zacks

13 Oct

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28 Sep

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24 Sep

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Impact 4 ·

17 Sep

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Impact 3 · · bakersfield.com

3 Sep

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2 Sep

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1 Sep

Impact 4 · · bakersfield.com
Impact 4 ·

19 Aug

Impact 4 ·

17 Aug

Impact 3 · · The Motley Fool transcript
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13 Aug

Impact 4 ·

11 Aug

Impact 4 ·

10 Aug

Impact 4 · transcript
Impact 4 ·
Impact 3 · · MarketBeat transcript
Impact 3 ·

4 Aug

Impact 3 ·

CRC metrics, ten years each

stockrow.com/CRC · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com