NYSE$CRC

California Resources Corporation · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Headline financials

Total Revenue

$276M

Previous: $653M-57.7%
EPS (adj)

-$5.41

Previous: -$0.29-1765.5%
Oil Production (Bbl/d)

70

No prior period
NGL Production (Bbl/d)

13

No prior period
Natural Gas Production (Mcf/d)

174

No prior period
Total Production (BOE/d)

112

No prior period
Capital Expenditures

-$33M

Previous: -$271M+87.8%
Free Cash Flow

-$304M

Previous: -$259M-17.4%
Net Income

-$271M

Previous: $12M-2358.3%
Operating Income

-$115M

Previous: $122M-194.3%
Gross Profit

$269M

Previous: $653M-58.8%
Cash & Equivalents

$126M

Previous: $27M+366.7%
Total Assets

$4.93B

Previous: $7.03B-29.9%

Revenue & EPS history

CRC · Revenue · Quarterly

$276M

Q2 2020-57.7%vs Q2 2019
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

CRC · $222M total across 4 segments · Q2 2020

  • Oil and liquids & gas sales
    $193M
  • Electricity sales
    $19M
  • Marketing of purchased natural gas
    $14M
  • Net gain from commodity derivatives
    -$4M

Historical earnings impact

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

Avg. return before/after earnings

Based on 20 quarterly earnings reports

Historical avg

+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
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Q2 2013
Q1 2013

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