# California Resources Corporation (CRC)

> Source: Nexqual · https://nexqual.com/CRC · data as of 2026-10-15 20:00 UTC · cite as "Nexqual, California Resources Corporation (CRC), nexqual.com/CRC" · informational, not investment advice.

**Price:** USD 53.15 (-1.63% on the day) · last close of Oct 15, 2026; US market closed, not a live price. Prev close 54.03 · day 52.52–54.14 · 52w 43.25–71.98 · market cap $4.72B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $3.19B, net income -$121M (-3.8% margin), free cash flow $385M (SEC filings).
- Analysts: Buy (mean 1.85 on a 1–5 scale) (13 analysts), mean target USD 75.33 (range 59–91).
- Total return with dividends: 1Y +16.7% vs S&P 500 +18.1%; 5Y +42.3% vs S&P 500 +85.1%.
- Next earnings: 2026-11-02, EPS estimate USD 0.92, revenue estimate $932M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.89B | $2.71B | $2.80B | $3.20B | $3.67B | $3.19B |
| Operating income | $293M | $812M | $808M | $620M | $598M | -$55.0M |
| Net income | $612M | $524M | $564M | $376M | $363M | -$121M |
| EPS (diluted) | $7.37 | $6.75 | $7.78 | $4.62 | $4.15 | — |
| Free cash flow | $466M | $311M | $468M | $355M | $543M | $385M |
| Operating margin | 15.5% | 30.0% | 28.8% | 19.4% | 16.3% | -1.7% |
| Net margin | 32.4% | 19.4% | 20.1% | 11.8% | 9.9% | -3.8% |
| Revenue growth | — | +43.3% | +3.5% | +14.2% | +14.7% | — |
| Cash + short-term investments | $305M | $307M | $496M | $372M | $132M | — |
| Total debt | $589M | $592M | $540M | $1.13B | $1.28B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/S 1.5x · EV/EBITDA 12.9x · EV/Sales 1.9x · P/FCF 12.3x · P/B 1.4x · FCF yield 8.16% · Earnings yield -2.56% · Dividend yield (paid, TTM) 2.92% · Buyback yield (TTM) 1.46% · Net debt $1.23B · EV $5.95B
P/E at fiscal year-ends: Dec 2025 10.8x, Dec 2024 11.2x, Dec 2023 7.0x.

## Analysts
Consensus Buy (mean 1.85 on a 1–5 scale), 13 analysts; mean target USD 75.33 (low 59, high 91).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-12 | UBS | Target lowered | Buy | $73 → $68 |
| 2026-09-18 | Stephens & Co. | Target lowered | Overweight | $93 → $91 |
| 2026-09-17 | Roth Capital | Target raised | Buy | $58 → $59 |
| 2026-09-14 | UBS | Target raised | Buy | $67 → $73 |
| 2026-09-14 | RBC Capital | Reiterated | Outperform | $77 |
| 2026-09-03 | Seaport Global | Initiated | Neutral |  |
| 2026-08-17 | Barclays | Target lowered | Overweight | $77 → $74 |
| 2026-08-12 | UBS | Target lowered | Buy | $70 → $67 |
| 2026-08-11 | Barclays | Target lowered | Overweight | $80 → $77 |
| 2026-07-17 | Stephens & Co. | Target lowered | Overweight | $91 → $85 |
| 2026-07-13 | UBS | Target lowered | Buy | $78 → $70 |
| 2026-06-30 | Citigroup | Target lowered | Buy | $78 → $70 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-16) | 5Y (from 2021-10-11) |
|---|---|---|
| Total return | +16.7% | +42.3% |
| S&P 500 (SPY) | +18.1% | +85.1% |
| Per year | +16.7% | +7.3% |
| Volatility (annualized) | 33.2% | 37.5% |
| Max drawdown | -29.2% (May 2026→Jul 2026) | -41.5% (Nov 2024→Apr 2025) |

## Peers (Oil & Gas E&P)
CRGY (Crescent Energy Company) USD 12.51 -4.21% · CNX (CNX Resources Corporation) USD 34.62 -2.07% · MUR (Murphy Oil Corporation) USD 39.85 +2.07% · CRK (Comstock Resources, Inc.) USD 13.5 -4.86% · BTE (Baytex Energy Corp) USD 5.16 +2.79% · MGY (Magnolia Oil & Gas Corporation) USD 24.52 -2.35%

## More
Full page: https://nexqual.com/CRC · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt