NYSE$CRC

California Resources Corporation · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Headline financials

Total Revenue

$747M

Previous: $304M+145.7%
EPS (adj)

$1.13

Previous: $0.94+20.2%
Oil production

54

Previous: 61-11.5%
NGL production

12

Previous: 13-7.7%
Natural gas production

151

Previous: 161-6.2%
Total production

91

Previous: 101-9.9%
Capital Expenditures

-$98M

Previous: -$50M-96.0%
Free Cash Flow

$92M

Previous: -$161M+157.1%
Net Income

$190M

Previous: -$111M+271.2%
Operating Income

$278M

Previous: -$90M+408.9%
Gross Profit

$747M

Previous: $304M+145.7%
Cash & Equivalents

$324M

Previous: $151M+114.6%
Total Assets

$4.02B

Previous: $3.24B+24.0%

Revenue & EPS history

CRC · Revenue · Quarterly

$747M

Q2 2022+145.7%vs Q2 2021
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

CRC · $571M total across 4 segments · Q2 2022

  • Oil sales
    $547M+43.9%
  • Marketing revenue
    $75M+56.3%
  • Electricity revenue
    $49M+48.5%
  • Derivative gains
    -$100M+62.3%

Historical earnings impact

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

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

+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
Q2 2025———
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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