California Resources (CRC) Expected to Announce Quarterly Earnings on Monday

California Resources (NYSE:CRC) will likely be posting its Q3 2026 results before the market opens on Monday, November 2nd. Analysts expect California Resources to announce earnings of $1.00 per share and revenue of $967.71 million for the quarter. Interested persons can find conference call details on the company’s upcoming Q3 2026 earnings report page for the latest details on the call scheduled for Tuesday, November 3, 2026 at 1:00 PM ET.

California Resources (NYSE:CRC) last issued its earnings results on Monday, August 10th. The oil and gas producer reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.36 by ($0.37). The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $960.20 million. California Resources had a negative net margin of 3.79% and a positive return on equity of 9.82%. California Resources’s revenue was up 33.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.10 earnings per share. On average, analysts expect California Resources to post $4.30 EPS for the current fiscal year and $3.51 EPS for the next fiscal year.

California Resources Stock Up 0.2%

Shares of CRC opened at $54.63 on Monday. The company has a quick ratio of 0.56, a current ratio of 0.66 and a debt-to-equity ratio of 0.38. The company has a 50-day moving average price of $53.52 and a two-hundred day moving average price of $56.33. The stock has a market cap of $4.85 billion, a price-to-earnings ratio of -40.17 and a beta of 1.02. California Resources has a 12 month low of $43.24 and a 12 month high of $71.98.

California Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, September 4th were paid a dividend of $0.4050 per share. This represents a $1.62 annualized dividend and a yield of 3.0%. The ex-dividend date was Friday, September 4th. California Resources’s dividend payout ratio is currently -119.12%.

Insider Buying and Selling at California Resources

In related news, EVP Jay Bys sold 11,907 shares of the firm’s stock in a transaction on Monday, October 12th. The shares were sold at an average price of $54.00, for a total transaction of $642,978.00. Following the sale, the executive vice president directly owned 123,703 shares in the company, valued at $6,679,962. This trade represents a 8.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 35,721 shares of company stock valued at $1,928,934 in the last ninety days. 0.53% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Citigroup reduced their target price on shares of California Resources from $78.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. Barclays set a $74.00 price target on shares of California Resources and gave the company an “overweight” rating in a research report on Monday, August 17th. Stifel Nicolaus started coverage on shares of California Resources in a research note on Thursday, September 10th. They set a “buy” rating and a $68.00 price objective on the stock. Weiss Ratings upgraded shares of California Resources from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $77.00 target price on shares of California Resources in a report on Monday, September 14th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $74.44.

About California Resources

California Resources Corporation (NYSE: CRC) is an independent energy company focused on the exploration, development and production of oil and natural gas in California. Its operations are concentrated in the state’s San Joaquin and Los Angeles basins, where the company produces crude oil, natural gas and natural gas liquids for industrial, commercial and transportation markets.

In addition to conventional oil and gas production, California Resources is developing carbon-management projects through its Carbon TerraVault business.