NYSE$CRC

California Resources Corporation · Q3 2025 earnings

Q3 2025 earnings · · After market close · Investor relations

Briefing

California Resources reported Q3 2025, revenue of $855M, net income of $64M, diluted EPS of $0.76.

For Q3 2025, California Resources reported revenue of $855M, net income of $64M, diluted EPS of $0.76. Management discusses operating trends, liquidity, and priorities as disclosed in the filing.

  • Revenue $855M.
  • Net income $64M.
  • Diluted EPS $0.76.

Headline financials

Total Revenue

$855M

Previous: $1.35B-36.8%
EPS (adj)

$0.76

Previous: $3.78-79.9%
Capital Expenditures

-$91M

Previous: -$79M-15.2%
Free Cash Flow

-$27M

Previous: $266M-110.2%
Net Income

$64M

Previous: $345M-81.4%
Operating Income

$98M

Previous: $518M-81.1%
Gross Profit

$855M

Previous: $1.34B-36.2%

Revenue & EPS history

CRC · Revenue · Quarterly

$855M

Q3 2025-36.8%vs Q3 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

The filing discusses California Resources's outlook, capital deployment, and key risks without relying solely on numeric EPS guidance.

Tailwinds

  • California Resources cites execution on strategic priorities in the filing.
  • Balance sheet and liquidity support continued operations.

Headwinds

  • Macro, competitive, and cost pressures may affect margins.
  • Segment mix and one-time items can affect comparability.

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 Q3 2025

Historical avgQ3 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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