CRC Chart
About

California Resources Corporation operates as an independent energy and carbon management company in the United States. It operates in two segments, Oil and Natural Gas, and Carbon Management. The company explores, develops, and produces crude oil, oil condensate, natural gas liquids and natural gas to california refineries, marketers, and other purchasers. It also provides Carbon TerraVault which build, install, operate, and maintain CO2 capture equipment, transportation assets, and storage facilities. In addition, the company owns and operates power generation facilities, as well as smaller gas-fired power plants used to generate power for oil and natural gas operations. The company was incorporated in 2014 and is based in Long Beach, California.

Fundamentals
Scroll to Statements
Sector Energy Industry Oil & Gas E&P Market Cap 5.21B
Enterprise Value 5.78B Income 384.00M Sales 3.50B
Book/sh 41.13 Cash/sh 2.34 Dividend Yield 278.00%
Payout 37.17% Employees 1550 IPO —
P/E 13.98 Forward P/E 37.38 PEG —
P/S 1.49 P/B 1.42 P/C —
EV/EBITDA 4.96 EV/Sales 1.65 Quick Ratio 0.65
Current Ratio 0.89 Debt/Eq 31.95 LT Debt/Eq —
EPS (ttm) 4.17 EPS next Y 1.56 EPS Growth -79.90%
Revenue Growth -11.90% Earnings 2026-03-02 ROA 5.78%
ROE 11.06% ROIC — Gross Margin 54.09%
Oper. Margin 12.30% Profit Margin 10.96% Shs Outstand 89.31M
Shs Float 78.63M Short Float 7.61% Short Ratio 4.89
Short Interest — 52W High 60.03 52W Low 30.97
Beta 1.13 Avg Volume 857.45K Volume 376.14K
Target Price $63.31 Recom Strong_buy Prev Close $58.15
Price $58.28 Change 0.22%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$63.31
Mean price target
2. Current target
$58.28
Latest analyst target
3. DCF / Fair value
$104.93
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$58.28
Low
$51.00
High
$72.00
Mean
$63.31

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-01-26 main UBS Buy → Buy $63
2026-01-21 main Barclays Overweight → Overweight $65
2025-12-12 main UBS Buy → Buy $64
2025-12-12 main Mizuho Outperform → Outperform $72
2025-12-09 main Wells Fargo Overweight → Overweight $56
2025-12-02 init Wells Fargo — → Overweight $58
2025-11-10 main UBS Buy → Buy $68
2025-11-06 main Barclays Overweight → Overweight $68
2025-10-10 main JP Morgan Overweight → Overweight $66
2025-09-22 main B of A Securities Buy → Buy $66
2025-09-16 main UBS Buy → Buy $70
2025-09-16 main Barclays Overweight → Overweight $66
2025-09-15 main Mizuho Outperform → Outperform $65
2025-09-03 main B of A Securities Buy → Buy $60
2025-08-20 main UBS Buy → Buy $63
2025-08-08 main UBS Buy → Buy $61
2025-08-08 main Mizuho Outperform → Outperform $64
2025-07-17 main Citigroup Neutral → Neutral $47
2025-07-15 up JP Morgan Neutral → Overweight $63
2025-07-14 main Mizuho Outperform → Outperform $61
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 5425 258816 — Purchase at price 47.71 per share. LEON FRANCISCO Chief Executive Officer — 2025-11-12 00:00:00 D
1 466 22227 — Purchase at price 47.62 per share. ROBY WILLIAM B Director — 2025-11-12 00:00:00 D
2 47649 — — Stock Award(Grant) at price 0.00 per share. PRESTON MICHAEL L. General Counsel — 2025-11-04 00:00:00 D
3 84710 — — Stock Award(Grant) at price 0.00 per share. LEON FRANCISCO Chief Executive Officer — 2025-11-04 00:00:00 D
4 26472 — — Stock Award(Grant) at price 0.00 per share. BYS JAY A Officer — 2025-11-04 00:00:00 D
5 26472 — — Stock Award(Grant) at price 0.00 per share. GOULD CHRISTOPHER D Officer — 2025-11-04 00:00:00 D
6 42355 — — Stock Award(Grant) at price 0.00 per share. HAYAT OMAR Chief Operating Officer — 2025-11-04 00:00:00 D
7 42355 — — Stock Award(Grant) at price 0.00 per share. CRESPY CLIO C Chief Financial Officer — 2025-11-04 00:00:00 D
8 18986 — — Stock Award(Grant) at price 0.00 per share. HAYAT OMAR Chief Operating Officer — 2025-07-29 00:00:00 D
9 5698 — — Stock Award(Grant) at price 0.00 per share. CHAPMAN JAMES N Director — 2025-05-02 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems54.81M2.00M-153.14M-158.76M
TaxRateForCalcs0.270.250.310.27
NormalizedEBITDA788.00M1.02B1.51B1.08B
TotalUnusualItems203.00M8.00M-494.00M-588.00M
TotalUnusualItemsExcludingGoodwill203.00M8.00M-494.00M-588.00M
NetIncomeFromContinuingOperationNetMinorityInterest376.00M564.00M524.00M612.00M
ReconciledDepreciation388.00M225.00M198.00M213.00M
ReconciledCostOfRevenue1.59B1.37B1.44B1.21B
EBITDA991.00M1.03B1.01B496.00M
EBIT603.00M804.00M814.00M283.00M
NetInterestIncome-61.00M-16.00M-30.00M-54.00M
InterestExpense87.00M56.00M53.00M54.00M
InterestIncome26.00M40.00M23.00M
NormalizedIncome227.81M558.00M864.86M1.04B
NetIncomeFromContinuingAndDiscontinuedOperation376.00M564.00M524.00M612.00M
TotalExpenses2.54B2.01B1.95B1.69B
TotalOperatingIncomeAsReported620.00M808.00M812.00M293.00M
DilutedAverageShares81.40M72.50M77.60M83.00M
BasicAverageShares79.30M69.60M75.50M82.00M
DilutedEPS4.627.786.757.37
BasicEPS4.748.106.947.46
DilutedNIAvailtoComStockholders376.00M564.00M524.00M612.00M
NetIncomeCommonStockholders376.00M564.00M524.00M612.00M
OtherunderPreferredStockDividend0.000.00
NetIncome376.00M564.00M524.00M612.00M
MinorityInterests0.000.00-13.00M
NetIncomeIncludingNoncontrollingInterests376.00M564.00M524.00M625.00M
NetIncomeContinuousOperations376.00M564.00M524.00M625.00M
TaxProvision140.00M184.00M237.00M-396.00M
PretaxIncome516.00M748.00M761.00M229.00M
OtherIncomeExpense191.00M5.00M-492.00M-590.00M
OtherNonOperatingIncomeExpenses-2.00M6.00M3.00M-2.00M
SpecialIncomeCharges-8.00M28.00M57.00M88.00M
GainOnSaleOfPPE11.00M32.00M59.00M124.00M
OtherSpecialCharges5.00M1.00M2.00M
WriteOff14.00M
ImpairmentOfCapitalAssets3.00M2.00M28.00M
RestructuringAndMergernAcquisition0.000.006.00M
EarningsFromEquityInterest-10.00M-9.00M-1.00M0.00
GainOnSaleOfSecurity211.00M-20.00M-551.00M-676.00M
NetNonOperatingInterestIncomeExpense-61.00M-16.00M-30.00M-54.00M
TotalOtherFinanceCost7.00M
InterestExpenseNonOperating87.00M56.00M53.00M54.00M
InterestIncomeNonOperating26.00M40.00M23.00M
OperatingIncome386.00M759.00M1.28B873.00M
OperatingExpense958.00M640.00M517.00M482.00M
OtherOperatingExpenses395.00M208.00M133.00M137.00M
OtherTaxes242.00M165.00M162.00M145.00M
SellingGeneralAndAdministration321.00M267.00M222.00M200.00M
GeneralAndAdministrativeExpense321.00M267.00M222.00M200.00M
OtherGandA321.00M267.00M222.00M200.00M
GrossProfit1.34B1.40B1.80B1.35B
CostOfRevenue1.59B1.37B1.44B1.21B
TotalRevenue2.93B2.77B3.23B2.56B
OperatingRevenue2.93B2.77B3.23B2.53B
Line Item2024-12-312023-12-312022-12-312021-12-31
TreasurySharesNumber18.51M14.86M11.46M4.09M
OrdinarySharesNumber91.10M68.69M71.95M79.30M
ShareIssued109.61M83.56M83.41M83.39M
NetDebt760.00M44.00M285.00M284.00M
TotalDebt1.22B610.00M662.00M637.00M
TangibleBookValue3.54B2.22B1.86B1.69B
InvestedCapital4.67B2.76B2.46B2.28B
WorkingCapital44.00M313.00M-30.00M-101.00M
NetTangibleAssets3.54B2.22B1.86B1.69B
CapitalLeaseObligations91.00M70.00M70.00M48.00M
CommonStockEquity3.54B2.22B1.86B1.69B
TotalCapitalization4.67B2.76B2.46B2.28B
TotalEquityGrossMinorityInterest3.54B2.22B1.86B1.69B
MinorityInterest0.00
StockholdersEquity3.54B2.22B1.86B1.69B
GainsLossesNotAffectingRetainedEarnings75.00M74.00M81.00M72.00M
OtherEquityAdjustments75.00M74.00M81.00M72.00M
TreasuryStock796.00M604.00M461.00M148.00M
RetainedEarnings1.68B1.42B938.00M475.00M
AdditionalPaidInCapital2.58B1.33B1.30B1.29B
CapitalStock1.00M1.00M1.00M1.00M
CommonStock1.00M1.00M1.00M1.00M
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest3.60B1.78B2.10B2.16B
TotalNonCurrentLiabilitiesNetMinorityInterest2.62B1.16B1.21B1.30B
OtherNonCurrentLiabilities147.00M70.00M56.00M6.00M
DerivativeProductLiabilities45.00M2.00M8.00M137.00M
EmployeeBenefits109.00M74.00M69.00M97.00M
NonCurrentPensionAndOtherPostretirementBenefitPlans59.00M36.00M33.00M97.00M
NonCurrentDeferredLiabilities113.00M0.005.00M
NonCurrentDeferredRevenue5.00M
NonCurrentDeferredTaxesLiabilities113.00M0.00
LongTermDebtAndCapitalLeaseObligation1.21B595.00M644.00M626.00M
LongTermCapitalLeaseObligation76.00M55.00M52.00M37.00M
LongTermDebt1.13B540.00M592.00M589.00M
LongTermProvisions995.00M422.00M432.00M438.00M
CurrentLiabilities980.00M616.00M894.00M854.00M
OtherCurrentLiabilities64.00M34.00M342.00M373.00M
CurrentDeferredLiabilities57.00M
CurrentDeferredRevenue57.00M
CurrentDebtAndCapitalLeaseObligation15.00M15.00M18.00M11.00M
CurrentCapitalLeaseObligation15.00M15.00M18.00M11.00M
PensionandOtherPostRetirementBenefitPlansCurrent184.00M82.00M49.00M61.00M
CurrentProvisions134.00M99.00M59.00M51.00M
PayablesAndAccruedExpenses583.00M386.00M426.00M358.00M
CurrentAccruedExpenses89.00M75.00M48.00M62.00M
InterestPayable12.00M18.00M19.00M19.00M
Payables494.00M311.00M378.00M296.00M
OtherPayable25.00M13.00M
TotalTaxPayable100.00M53.00M33.00M30.00M
IncomeTaxPayable0.0018.00M1.00M
AccountsPayable369.00M245.00M345.00M266.00M
TotalAssets7.13B4.00B3.97B3.85B
TotalNonCurrentAssets6.11B3.07B3.10B3.09B
OtherNonCurrentAssets56.00M22.00M26.00M22.00M
DefinedPensionBenefit67.00M2.00M
NonCurrentPrepaidAssets5.00M34.00M28.00M21.00M
NonCurrentDeferredAssets96.00M143.00M170.00M407.00M
NonCurrentDeferredTaxesAssets73.00M132.00M164.00M396.00M
FinancialAssets16.00M6.00M7.00M1.00M
InvestmentsAndAdvances86.00M19.00M13.00M0.00
LongTermEquityInvestment86.00M19.00M13.00M0.00
InvestmentsinSubsidiariesatCost86.00M19.00M13.00M0.00
NetPPE5.79B2.84B2.86B2.64B
AccumulatedDepreciation-1.06B-667.00M-442.00M-246.00M
GrossPPE6.84B3.51B3.30B2.89B
OtherProperties105.00M73.00M73.00M43.00M
MachineryFurnitureEquipment395.00M281.00M254.00M240.00M
CurrentAssets1.02B929.00M864.00M753.00M
OtherCurrentAssets43.00M30.00M12.00M9.00M
HedgingAssetsCurrent14.00M21.00M39.00M6.00M
AssetsHeldForSaleCurrent10.00M13.00M5.00M22.00M
RestrictedCash0.0016.00M12.00M
PrepaidAssets28.00M19.00M17.00M47.00M
Inventory90.00M72.00M60.00M60.00M
FinishedGoods4.00M4.00M4.00M6.00M
RawMaterials86.00M68.00M56.00M54.00M
Receivables467.00M278.00M408.00M292.00M
DuefromRelatedPartiesCurrent87.00M62.00M72.00M47.00M
TaxesReceivable50.00M0.0010.00M0.00
AccountsReceivable330.00M216.00M326.00M245.00M
CashCashEquivalentsAndShortTermInvestments372.00M496.00M307.00M305.00M
CashAndCashEquivalents372.00M496.00M307.00M305.00M
CashFinancial307.00M305.00M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow610.00M653.00M690.00M660.00M
RepurchaseOfCapitalStock-234.00M-146.00M-313.00M-148.00M
RepaymentOfDebt-338.00M-56.00M0.00-615.00M
IssuanceOfDebt918.00M0.000.00616.00M
IssuanceOfCapitalStock2.00M2.00M1.00M2.00M
CapitalExpenditure-185.00M-12.00M-194.00M
InterestPaidSupplementalData80.00M44.00M43.00M
IncomeTaxPaidSupplementalData105.00M121.00M20.00M0.00
EndCashPosition372.00M496.00M307.00M305.00M
BeginningCashPosition496.00M307.00M305.00M28.00M
ChangesInCash-124.00M189.00M2.00M277.00M
FinancingCashFlow343.00M-289.00M-371.00M-222.00M
CashFlowFromContinuingFinancingActivities343.00M-289.00M-371.00M-222.00M
NetOtherFinancingCharges-18.00M-8.00M-63.00M
ProceedsFromStockOptionExercised126.00M0.000.00
CashDividendsPaid-113.00M-81.00M-59.00M-14.00M
CommonStockDividendPaid-113.00M-81.00M-59.00M-14.00M
NetCommonStockIssuance-232.00M-144.00M-312.00M-146.00M
CommonStockPayments-234.00M-146.00M-313.00M-148.00M
CommonStockIssuance2.00M2.00M1.00M2.00M
NetIssuancePaymentsOfDebt580.00M-56.00M0.001.00M
NetShortTermDebtIssuance0.000.00-99.00M
ShortTermDebtPayments0.000.00-115.00M
ShortTermDebtIssuance0.000.0016.00M
NetLongTermDebtIssuance580.00M-56.00M0.00100.00M
LongTermDebtPayments-338.00M-56.00M0.00-500.00M
LongTermDebtIssuance918.00M0.000.00600.00M
InvestingCashFlow-1.08B-175.00M-317.00M-161.00M
CashFlowFromContinuingInvestingActivities-1.08B-175.00M-317.00M-161.00M
NetOtherInvestingChanges8.00M28.00M78.00M65.00M
DividendsReceivedCFI0.000.0012.00M0.00
NetInvestmentPurchaseAndSale-226.00M-198.00M-378.00M-174.00M
SaleOfInvestment29.00M1.00M20.00M
PurchaseOfInvestment-255.00M-198.00M-379.00M-194.00M
NetBusinessPurchaseAndSale-859.00M-5.00M-29.00M-52.00M
PurchaseOfBusiness-859.00M-5.00M-29.00M-52.00M
CapitalExpenditureReported-185.00M-12.00M-194.00M
OperatingCashFlow610.00M653.00M690.00M660.00M
CashFlowFromContinuingOperatingActivities610.00M653.00M690.00M660.00M
ChangeInWorkingCapital-97.00M6.00M-57.00M-107.00M
ChangeInOtherCurrentAssets28.00M0.0035.00M-47.00M
ChangeInPayablesAndAccruedExpense-182.00M-92.00M-11.00M8.00M
ChangeInInventory-1.00M-12.00M0.000.00
ChangeInReceivables58.00M110.00M-81.00M-68.00M
ChangesInAccountReceivables58.00M110.00M-81.00M-68.00M
OtherNonCashItems75.00M-169.00M-695.00M-257.00M
AssetImpairmentCharge14.00M3.00M2.00M28.00M
DeferredTax71.00M35.00M226.00M-396.00M
DeferredIncomeTax71.00M35.00M226.00M-396.00M
DepreciationAmortizationDepletion388.00M225.00M198.00M213.00M
OperatingGainsLosses-217.00M-11.00M492.00M554.00M
GainLossOnInvestmentSecurities-211.00M20.00M551.00M676.00M
NetIncomeFromContinuingOperations376.00M564.00M524.00M625.00M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for CRC
Date User Asset Broker Type Position Size Entry Price Patterns