NYSE$CRC

California Resources Corporation · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Headline financials

Total Revenue

$682M

Previous: $634M+7.6%
EPS (adj)

$1.24

Previous: $2.13-41.8%
Oil Production (Bbl/d)

55

Previous: 59-6.8%
NGL Production (Bbl/d)

11

Previous: 12-8.3%
Natural Gas Production (Mcf/d)

147

Previous: 153-3.9%
Total Production (BOE/d)

91

Previous: 97-6.2%
Capital Expenditures

$75M

Previous: $66M+13.6%
Free Cash Flow

$39M

Previous: $138M-71.7%
Net Income

$83M

Previous: $714M-88.4%
Operating Income

$215M

Previous: $332M-35.2%
Gross Profit

$398M

Previous: $382M+4.2%
Cash & Equivalents

$307M

Previous: $305M+0.7%
Total Assets

$3.97B

Previous: $3.85B+3.1%

Revenue & EPS history

CRC · Revenue · Quarterly

$682M

Q4 2022+7.6%vs Q4 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

CRC · $493M total across 4 segments · Q4 2022

  • Oil and liquids & gas sales
    $441M+2.3%
  • Marketing of purchased natural gas
    $94M+32.4%
  • Electricity sales
    $90M+119.5%
  • Net gain from commodity derivatives
    -$132M-80.8%

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 Q4 2022

Historical avgQ4 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
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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