NYSE$CRC

California Resources Corporation · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

CRC Q3 2024 — $765.0M revenue

In the opinion of our management, the accompanying unaudited condensed consolidated financial statements contain all adjustments necessary to fairly present our financial position, results of operatio. California Resources Corporation reported Q3 2024 results. Net income of $131.0M. Headline numbers extracted from the Form 10-Q press release; narrative is light because this row was processed without an LLM call.

  • Revenue: $765.0M.
  • Net income: $131.0M.
  • Operating income: $518.

Headline financials

Total Revenue

$1.35B

Previous: $460M+194.1%
EPS

$3.78

Previous: $1.02+270.6%
Capital Expenditures

-$79M

Previous: -$33M-139.4%
Free Cash Flow

$266M

Previous: -$55M+583.6%
Net Income

$345M

Previous: -$22M+1668.2%
Operating Income

$518M

Previous: -$15M+3553.3%
Gross Profit

$1.34B

Previous: $460M+191.3%
Cash & Equivalents

$241M

Previous: $479M-49.7%
Total Assets

$7.13B

Previous: $3.95B+80.4%

Revenue & EPS history

CRC · Revenue · Quarterly

$1.35B

Q3 2024+194.1%vs Q3 2023
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

CRC · $915M total across 4 segments · Q2 2025

  • Oil sales
    $644M—
  • Derivative gains
    $157M—
  • Electricity revenue
    $58M—
  • Marketing revenue
    $56M—

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 Q3 2024

Historical avgQ3 2024

+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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