California Resources Corp reports results for the quarter ended June 30 - Earnings Summary

California Resources

05/08/2025 23:45

California Resources Corp CRC.N reported quarterly adjusted earnings of $1.10​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 60 cents.  The mean expectation of twelve analysts for the quarter was for earnings of 91 cents per share. Wall Street expected results to range from 77 cents to $1.21 per share.

Revenue rose 90.3% to $978.00 million from a year ago; analysts expected $784.77 million.

California Resources Corp's reported EPS for the quarter was $1.92​.

The company reported quarterly net income of $172 million.

California Resources Corp shares had risen by 3.3% this quarter and lost 9.1% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 32.4% in the last three months.​

In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the oil & gas exploration and production peer group is also "buy"

Wall Street's median 12-month price target for California Resources Corp is $59.50, about 19.7% above its last closing price of $47.80

This summary was machine generated from LSEG data August 5 at 10:45 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING
ESTIMATE
ACTUAL
BEAT, MET, MISSED
Jun. 30 2025
0.91
1.10
Beat
Mar. 31 2025
0.78
1.07
Beat
Dec. 31 2024
0.97
0.91
Missed
Sep. 30 2024
1.34
1.50
Beat