NYSE$CRC

California Resources Corporation · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

California Resources reported Q1 2025 operating revenues of $912M with net income of $115M and diluted EPS of $1.27.

Operating revenues were $912 million as oil and gas sales and marketing volumes rose sharply year over year. Net income was $115 million, or $1.27 per basic share, with commodity-price and hedge impacts detailed in the filing.

  • Q1 operating revenues $912M.
  • Net income $115M; basic EPS $1.27.
  • Oil/gas sales $814M; derivative gains $6M.
  • California production and capital program.

Headline financials

Total Revenue

$912M

Previous: $454M+100.9%
EPS (adj)

$1.27

Previous: -$0.14+1007.1%
Oil Production (Bbl/d)

111.0K

Previous: 48.0K+131.3%
NGL Production (Bbl/d)

10.0K

Previous: 11.0K-9.1%
Natural Gas Production (Mcf/d)

117.0M

Previous: 105.0M+11.4%
Total Production (BOE/d)

141.0K

Previous: 76.0K+85.5%
Realized Oil Price with Derivatives

$72.01

Previous: $77.17-6.7%
Realized NGL Price

$54.64

Previous: $50.50+8.2%
Realized Natural Gas Price with Derivatives

$4.12

Previous: $3.90+5.6%
Capital Expenditures

-$55M

Previous: -$54M-1.9%
Net Income

$115M

Previous: -$10M+1250.0%
Operating Income

$186M

Previous: -$4M+4750.0%

Revenue & EPS history

CRC · Revenue · Quarterly

$912M

Q1 2025+100.9%vs Q1 2024
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

CRC · $342M total across 4 segments · Q3 2023

  • Oil and liquids & gas sales
    $402M-18.6%
  • Marketing of purchased natural gas
    $77M-31.9%
  • Electricity sales
    $67M-23.9%
  • Net gain from commodity derivatives
    -$204M-184.0%

Forward guidance

Management discusses operating priorities, capital allocation, and sector risks in the quarterly filing.

Tailwinds

  • Headline results and segment trends anchor the quarter.
  • Liquidity and balance-sheet capacity support operations.
  • Strategic initiatives outlined in MD&A.

Headwinds

  • Macro, rates, or input costs may pressure margins.
  • One-time items affect year-over-year comparability.
  • Execution risk on growth or restructuring plans.

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 2025

Historical avgQ1 2025

+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
Q3 2019
Q2 2019
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q1 2014
Q2 2015
Q4 2014
Q1 2015
Q2 2014
Q4 2012
Q3 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013

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