NYSE$CRC

California Resources Corporation · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Headline financials

Total Revenue

$363M

Previous: $573M-36.6%
EPS (adj)

$1.22

Previous: -$1.22+200.0%
Oil Production (Bbl/d)

60

Previous: 77-22.1%
NGL Production (Bbl/d)

12

Previous: 14-14.3%
Natural Gas Production (Mcf/d)

160

Previous: 183-12.6%
Total Production (BOE/d)

99

Previous: 121-18.2%
Capital Expenditures

-$27M

Previous: -$30M+10.0%
Free Cash Flow

-$121M

Previous: -$1.83B+93.4%
Net Income

-$94M

Previous: -$1.8B+94.8%
Operating Income

-$73M

Previous: -$1.65B+95.6%
Gross Profit

$363M

Previous: $566M-35.9%
Cash & Equivalents

$130M

Previous: $77M+68.8%
Total Assets

$3.18B

Previous: $4.97B-36.1%

Revenue & EPS history

CRC · Revenue · Quarterly

$363M

Q1 2021-36.6%vs Q1 2020
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

CRC · $249M total across 4 segments · Q1 2021

  • Oil and liquids & gas sales
    $331M-7.0%
  • Marketing of purchased natural gas
    $98M+117.8%
  • Electricity sales
    $33M+153.8%
  • Net gain from commodity derivatives
    -$213M-369.6%

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.2%

Avg return

Earnings day

+2.2%

Avg return

5 days after

+10.7%

Avg return

30 days after

36%

8 / 22 earnings

Positive

+13.0%

Q2 2021

Best reaction

-12.4%

Q1 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-12.4%-15.0%-17.2%
Q4 2025+4.8%+10.0%+12.2%
Q3 2025-0.7%+1.0%+2.1%
Q1 2025+8.3%+18.7%+25.7%
Q4 2024-11.0%-7.0%+2.3%
Q3 2024+7.5%+7.7%+4.7%
Q2 2024+3.2%+6.3%+5.3%
Q1 2024-4.9%-7.4%-10.5%
Q4 2023-2.4%-0.1%+2.0%
Q3 2023-0.2%-3.5%-1.7%
Q2 2023-2.6%+1.9%+6.9%
Q1 2023-0.7%-3.1%-7.3%
Q4 2022+10.3%+9.0%-4.4%
Q3 2022+10.4%+8.6%+0.9%
Q2 2022-4.6%+0.5%+4.9%
Q1 2022-2.7%-10.5%+2.8%
Q4 2021-0.4%+5.6%+22.7%
Q3 2021-1.9%-0.5%+1.0%
Q2 2021+13.0%+11.4%+37.3%
Q1 2021-1.4%+17.3%+36.0%
Q4 2020+2.8%-3.7%-2.9%
Q3 2020-9.8%+2.3%+111.6%
Q2 2020
Q1 2020
Q4 2019
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Q1 2019
Q4 2018
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Q1 2018
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Q4 2015
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Q4 2012
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Q4 2013
Q3 2013
Q2 2013
Q1 2013

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