California Resources Corp reports results for the quarter ended March 31 - Earnings Summary

California Resources

07/05/2025 02:10

California Resources Corp CRC.N reported quarterly adjusted earnings of $1.07​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 75 cents.  The mean expectation of thirteen analysts for the quarter was for earnings of 78 cents per share. Wall Street expected results to range from 40 cents to $1.02 per share.

Revenue rose 100.9% to $912.00 million from a year ago; analysts expected $861.61 million.

California Resources Corp's reported EPS for the quarter was $1.26​.

The company reported quarterly net income of $115 million.

California Resources Corp shares had fallen by 20.5% this quarter and lost 32.7% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 12.7% in the last three months.​

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

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 3 "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 $59.00

This summary was machine generated from LSEG data May 7 at 01:10 a.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
Mar. 31 2025
0.78
1.07
Beat
Dec. 31 2024
0.97
0.91
Missed
Sep. 30 2024
1.34
1.50
Beat
Jun. 30 2024
0.67
0.60
Missed