CRC
California Resources Corporation
CRC lost money over the past year, so it has no meaningful PE right now. Analysts expect earnings to recover and profitability to improve, though they disagree widely on how much.
CRC Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Weak | |
| Stable | |
| Under pressure |
CRC's revenue is currently healthy, and its cash flow is stable, but its profitability and balance sheet are under pressure.
CRC PE Valuation
CRC has no meaningful PE right now: it lost money over the past year.
CRC Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| Low |
Analysts expect CRC's earnings to grow and its profitability to improve, with its revenue holding steady. However, they disagree widely on these estimates.
CRC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.24 | — |
| Q3 2026 | -$5.60 | -216% |
| Q2 2026 | -$1.29 | -116% |
| Q1 2026 | -$5.13 | -185% |
| Q4 2025 | $4.15 | -10% |
| Q3 2025 | $4.81 | -25% |
| Q2 2025 | $7.83 | +239% |
| Q1 2025 | $6.02 | +70% |
| Q4 2024 | $4.62 | -41% |
CRC has swung to a loss: it lost $5.60 per share over the past year, after a profit the year before.
CRC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1B | +17% |
| Q2 2026 | $1.3B | +33% |
| Q1 2026 | $905M | -0.8% |
| Q4 2025 | $924M | +5.4% |
| Q3 2025 | $855M | -37% |
| Q2 2025 | $978M | +90% |
| Q1 2025 | $912M | +101% |
| Q4 2024 | $877M | +21% |
CRC's revenue is recovering but still below its 2024 peak: $1B last quarter, up 17% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -41% | -52 points |
| Q2 2026 | 39% | +12 points |
| Q1 2026 | -79% | -99 points |
| Q4 2025 | 5.1% | -2.7 points |
| Q3 2025 | 11% | -27 points |
| Q2 2025 | 27% | +20 points |
| Q1 2025 | 20% | +21 points |
| Q4 2024 | 7.8% | -31 points |
CRC's operating margin was −41% last quarter, down 52 points from the same quarter a year ago.
CRC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $147M | -22% |
| Q2 2026 | $114M | +4.6% |
| Q1 2026 | -$32M | -124% |
| Q4 2025 | $115M | -2.5% |
| Q3 2025 | $188M | +33% |
| Q2 2025 | $109M | +73% |
| Q1 2025 | $131M | +297% |
| Q4 2024 | $118M | +82% |
CRC still generates free cash flow, though less than at its 2023 peak: $344M over the past year.
CRC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.7% | -600K shares |
| 1 year | +5.1% | +4.3M shares |
| 3 years | +29% | +20M shares |
| 5 years | +7.6% | +6.3M shares |
| Available history | +81% | +39.7M shares |
CRC has 89M diluted shares, up 5.1% from a year ago, despite $65M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $30M |
| Q2 2026 | — |
| Q1 2026 | $10M |
| Q4 2025 | $25M |
| Q3 2025 | $34M |
| Q2 2025 | $217M |
| Q1 2025 | $101M |
| Q4 2024 | $57M |
CRC spent $65M buying back its own shares over the past year, down 84% from the year before.
CRC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 2.7x | Moderate |
| Q1 2026 | 5.9x | High |
| Q4 2025 | 1.0x | Healthy |
| Q3 2025 | 0.7x | Very low |
| Q2 2025 | 0.6x | Very low |
| Q1 2025 | 0.6x | Very low |
| Q4 2024 | 0.8x | Very low |
| Q3 2024 | 0.8x | Very low |
CRC's net debt is about 2.7 years of its operating earnings (EBITDA), up from less than a year a year ago.
CRC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 37.9 | Neutral |
| Stochastic | 34.6 | Neutral |
CRC's weekly RSI is 38 (neutral) and its Stochastic is 35 (neutral).
CRC PE vs Energy Sector
| Metric | CRC | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 13x | — |
CRC has no meaningful PE right now: it lost money over the past year.
CRC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $52.1 | 8.2% below |
| 20 week MA | $52.8 | 9.3% below |
| 50 week MA | $55.4 | 14% below |
| 100 week MA | $51.0 | 6.2% below |
| 200 week MA | $50.3 | 4.8% below |
CRC is in a downtrend: it's below all five of its weekly moving averages, and 4.8% below its 200-week average.
CRC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $13.4 | $21.3 | +59% |
| 2021 | $21.3 | $41.7 | +95% |
| 2022 | $41.7 | $43.5 | +4.4% |
| 2023 | $43.5 | $54.7 | +26% |
| 2024 | $54.7 | $50.2 | -8.1% |
| 2025 | $50.2 | $44.1 | -12% |
| 2026 YTD | $44.1 | $47.9 | +8.7% |
CRC has finished higher in four of the last six years, two of them by more than 50%. It's up 8.7% so far in 2026.