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California Resources (CRC) USD

At a glance: strengths & risks
✓Revenue growing (+15%)✓Commodity price +31% vs 1-yr · +5% vs 3-yr✗Only 10 years of reserves✗Priced above model value

Sector: Oil & gas

Geography: United States (California)

COMM_CRC

Price chart

54.25 USDDay 0.76%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
54.25 USD · 0.76%
Market cap
4.7 bn USD

Growth

Δ revenue y/y
6.7%
Δ EBITDA y/y
-3.6%

Multiples

P/E (LTM)
13.0x
3y avg: 10.5x
P/B (FY)
1.3x
P/E (ann.)
<0
EV/EBITDA (LTM)
5.5x
3y avg: 4.9x
EV/EBITDA (ann.)
5.1x

Cash return

Dividend yield
3.0%
FCF yield (LTM)
1.1%

Value creation

to target market cap (spot commodity model)
Upside (potential)
-14.5%
↓ details

Liquidity

Daily turnover (listing)
44.1 mln USD

Shares: yahoo_fundamentals_timeseries/CRC

Financial results

Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueM USDOperating profitM USDD&AM USDEBITDAM USDNet profitM USDOperating CFM USDCapex + M&AM USDAssetsM USDEquityM USDROE (annualized)Net debtM USDSource
2026-03-31Q1 2026 (3M)OK967.0
y/y 6.7%
161.0
y/y -7.5%
133.0
y/y 1.5%
294.0
y/y -3.6%
-711.0
y/y -718.3%
99.0-133.07149.0
y/y 4.7%
2918.0
y/y -17.0%
-86.3%1270.0Link
2025-12-31Q4 2025 (3M)OK1069.0
y/y 21.9%
165.0
y/y 142.6%
129.0
y/y -9.2%
294.0
y/y 40.0%
12.0
y/y -63.6%
235.0-523.07403.0
y/y 3.8%
3674.0
y/y 3.8%
10.2%1229.0Link
2025-09-30Q3 2025 (3M)OK878.0
y/y -35.1%
151.0
y/y -70.8%
123.0
y/y -12.1%
274.0
y/y -58.4%
64.0
y/y -81.4%
279.0-91.06751.0
y/y -5.3%
3443.0
y/y -1.7%
2.5%815.0Link
2025-06-30Q2 2025 (3M)OK816.0
y/y 58.8%
108.0
y/y 184.2%
128.0
y/y 141.5%
236.0
y/y 159.3%
172.0
y/y 2050.0%
165.0-56.06712.0
y/y 49.5%
3407.0
y/y 66.0%
19.9%938.0Link
2025-03-31Q1 2025 (3M)OK906.0
y/y 99.6%
174.0
y/y —
131.0
y/y 147.2%
305.0
y/y 522.4%
115.0
y/y —
186.0-55.06827.0
y/y 74.6%
3516.0
y/y 68.0%
13.0%796.0Link
2024-12-31Q4 2024 (3M)OK877.0
y/y 20.8%
68.0
y/y -76.0%
142.0
y/y 158.2%
210.0
y/y -37.9%
33.0
y/y -82.4%
206.0-61.07135.0
y/y 78.5%
3538.0
y/y 59.4%
10.7%854.0Link
2024-09-30Q3 2024 (3M)OK1353.0
y/y 194.1%
518.0
y/y —
140.0
y/y 150.0%
658.0
y/y 1504.9%
345.0
y/y —
220.0-928.07128.0
y/y 80.4%
3501.0
y/y 70.8%
16.6%981.0Link
2024-06-30Q2 2024 (3M)OK514.0
y/y -13.0%
38.0
y/y -74.1%
53.0
y/y -5.4%
91.0
y/y -55.2%
8.0
y/y -91.8%
97.0-34.04490.0
y/y 15.1%
2052.0
y/y -2.7%
1.5%204.0Link
2024-03-31Q1 2024 (3M)OK454.0
y/y -55.7%
-4.0
y/y -101.0%
53.0
y/y -8.6%
49.0
y/y -89.1%
-10.0
y/y -103.3%
87.0-54.03910.0
y/y -2.2%
2093.0
y/y 0.0%
-1.9%213.0Link
2023-12-31Q4 2023 (3M)OK726.0
y/y —
283.0
y/y —
55.0
y/y —
338.0
y/y —
188.0
y/y —
131.0-47.03998.0
y/y —
2219.0
y/y —
26.4%114.0Link
2023-09-30Q3 2023 (3M)OK460.0
y/y —
-15.0
y/y —
56.0
y/y —
41.0
y/y —
-22.0
y/y —
104.0-33.03952.0
y/y —
2050.0
y/y —
-1.4%176.0Link
2023-06-30Q2 2023 (3M)OK591.0
y/y —
147.0
y/y —
56.0
y/y —
203.0
y/y —
97.0
y/y —
108.0-44.03900.0
y/y —
2110.0
y/y —
18.5%225.0Link
2023-03-31Q1 2023 (3M)OK1024.0
y/y —
393.0
y/y —
58.0
y/y —
451.0
y/y —
301.0
y/y —
310.0-61.04000.0
y/y —
2092.0
y/y —
—179.0Link

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

05001 0001 5002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Year-over-year change

-100%0%100%200%2023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Cash flow

FCF ($ mln)

-800-600-400-20002002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Net debt / cash ($ mln)

05001 0001 5002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Production & Reserves

Physical operating metrics — supplementary, not part of the financial statements

Oil and Gas E and P

Proved reserves
654 mln boe
2025
Reserve life (R/P)
10.2 yrs
reserves ÷ annual output
Annual production
64.02 mln boe
2025

Production, mln boe

23.39201940.52202036.50202133.49202231.84202349.34202464.022025

Proved reserves

YearReserves, mln boe
2025654
2024545
2023377
2022417
2021480
2020448

Production

YearProduction, mln boeper day
202564.02
+29.8%		175 397
202449.34
+54.9%		135 181
202331.84
−4.9%		87 247
202233.49
−8.3%		91 748
202136.50
−9.9%		100 000
202040.52
+73.2%		111 000
201923.3964 074

EI1 ___NASDAQ_press_comm (NASDAQ / SEC filings)

Key-commodity price — Brent

Current 100spot vs LTM +31%

Commodity — production, reserves & revenue / cost mix

FY blocks below combine SEC XBRL tags (revenue & selected expense lines), plus production / reserves notes sourced to Form 10-K or company filings where cited.

Production and proved reserves in the FY blocks are keyed from supplemental 10-K tables after each filing is wired in. Automated SEC revenue/expense tags for the newest FY often appear before operational volumes and reserves for that same year.

Production & resources

Net production (Mboe/d)

138.0131.0124.0117.0110.020242025Net production (Mboe/d)

Proved reserves (MMboe)

Reserves life (R/P): 13.0 yr

654.0626.8599.5572.2545.020242025Proved reserves (MMboe)

Proved reserves & production rates by fiscal year

FY endCrude oil equivalent (net, Mboe/d)Proved reserves (net, MMboe)Proved developed (net, MMboe)Proved undeveloped (net, MMboe)
2025-12-31138654——
2024-12-31110545——

Spot EBITDA forecast (next 12 months)

Model: apply spot-vs-LTM commodity price moves to LTM revenue mix (oil/gas/NGL). Purchased products scale with revenue; remaining cash expenses inflate (PPI proxy). Fair value: EBITDA at trailing ~3y average commodity prices, conservative used EBITDA (average of spot and 3y-avg when spot is higher), × 3y average EV/EBITDA − net debt.

Notes: Revenue mix assumption used (default 55% oil / 35% gas / 10% NGL). Set `spot_forecast.revenue_mix` to override or wire `operations.production_pricing` in `data/us_ep_operations_patch.json`.
Spot 12M revenue
3 764 USDm
+5.5% vs LTM
Spot 12M EBITDA
1 075 USDm
-3.0% vs LTM
EV / Spot EBITDA
5.6x
current EV 5 990m ÷ spot EBITDA 1 075m
Show calculation
Line itemValue
1 · Reported baseline
LTM or latest FY revenue/EBITDA and revenue mix.
LTM revenue (last 4 quarters)3 567 USDm
LTM EBITDA (last 4 quarters)1 109 USDm
Baseline cash costs (revenue − EBITDA)2 458 USDm
Revenue mix: oil / gas / NGL / other55.0% / 35.0% / 10.0% / 0.0%
2 · Commodity prices
Spot move = last ÷ LTM average. 3y-avg-price EBITDA uses trailing ~3y mean ÷ LTM average.
Oil — spot & 3y avg vs LTMspot 84.38 · LTM avg 73.94 · 3y avg — → spot move +14.1%
Gas — spot & 3y avg vs LTMspot 2.90 · LTM avg 3.36 · 3y avg — → spot move -13.6%
NGL — spot & 3y avg vs LTMspot 6 325.00 · LTM avg 5 048.67 · 3y avg — → spot move +25.3%
3 · Cash cost model
Purchased products scale with revenue; other costs inflate.
Purchased products / revenue0.0%
PPI inflation multiplier (12m)1.094
→ Projected purchased cost (at spot revenue)0 USDm
→ Projected other cash cost (inflated)2 689 USDm
4 · Spot forward P&L
Headline spot cards use §4.
= Projected spot revenue3 764 USDm
= Spot EBITDA1 075 USDm
= EBITDA at 3y avg commodity prices764 USDm
5 · Valuation vs spot
Current EV vs spot EBITDA.
Enterprise value (current)5 990 USDm
EV ÷ Spot EBITDA5.6x

Flow: baseline → commodity prices → expense model → spot P&L → fair value (used EBITDA × 3y avg EV/EBITDA − net debt). Hover for formulas.

2025-12-31 · FY

Production & proved reserves

FY2025 net production and year-end proved reserves (US_EP curated patch). R/P 13.0 yr.

Line itemAmount
Crude oil equivalent (net, Mboe/d)138
Proved reserves (net, MMboe)654

Primary SEC filing for this FY (HTML)

2024-12-31 · FY

Production & proved reserves

FY2024 net production and year-end proved reserves (US_EP curated patch). R/P 13.6 yr.

Line itemAmount
Crude oil equivalent (net, Mboe/d)110
Proved reserves (net, MMboe)545

Primary SEC filing for this FY (HTML)

2023-12-31 · FY

Production & proved reserves

No production / reserves detail wired for this fiscal year yet.

Primary SEC filing for this FY (HTML)

Revenue growth & acceleration

Growth steady →
Last-year revenue growth +15% vs +14% the year before — a +0.6 pp move. 3-year CAGR +11%.
revenue growth by year: 2023 +3% · 2024 +14% · 2025 +15%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

EV/EBITDA — LTM vs projected

Projected EV/EBITDA 4.2x · target 75th pct (3y) 4.4x · LTM avg 5.8x

EV/EBITDA (LTM)EV/EBITDA (projected)target 75th pct (projected, 3y)

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-05-290.405 USDEx-dividend: 0.405 USD per sharePaidYahoo Finance (ex-div)
2026-03-130.405 USDEx-dividend: 0.405 USD per sharePaidYahoo Finance (ex-div)
2025-12-010.405 USDEx-dividend: 0.405 USD per sharePaidYahoo Finance (ex-div)
2025-08-270.388 USDEx-dividend: 0.388 USD per sharePaidYahoo Finance (ex-div)
2025-05-300.388 USDEx-dividend: 0.388 USD per sharePaidYahoo Finance (ex-div)
2025-03-100.388 USDEx-dividend: 0.388 USD per sharePaidYahoo Finance (ex-div)
2024-12-020.388 USDEx-dividend: 0.388 USD per sharePaidYahoo Finance (ex-div)
2024-08-300.388 USDEx-dividend: 0.388 USD per sharePaidYahoo Finance (ex-div)
2024-05-310.31 USDEx-dividend: 0.31 USD per sharePaidYahoo Finance (ex-div)
2024-03-050.31 USDEx-dividend: 0.31 USD per sharePaidYahoo Finance (ex-div)
2023-11-300.31 USDEx-dividend: 0.31 USD per sharePaidYahoo Finance (ex-div)
2023-08-310.283 USDEx-dividend: 0.283 USD per sharePaidYahoo Finance (ex-div)
2023-05-310.283 USDEx-dividend: 0.283 USD per sharePaidYahoo Finance (ex-div)
2023-03-030.283 USDEx-dividend: 0.283 USD per sharePaidYahoo Finance (ex-div)
2022-11-300.283 USDEx-dividend: 0.283 USD per sharePaidYahoo Finance (ex-div)
2022-08-310.17 USDEx-dividend: 0.17 USD per sharePaidYahoo Finance (ex-div)
2022-05-310.17 USDEx-dividend: 0.17 USD per sharePaidYahoo Finance (ex-div)
2022-03-040.17 USDEx-dividend: 0.17 USD per sharePaidYahoo Finance (ex-div)
2021-11-300.17 USDEx-dividend: 0.17 USD per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of California Resources (CRC) — from primary filings.

California Resources Corporation is an independent energy and carbon management company that explores, develops, and produces crude oil, natural gas, and natural gas liquids in California. It also operates carbon capture, transportation, and storage services under its Carbon TerraVault initiative, along with power generation facilities.

Frequently asked questions

What is California Resources (CRC)'s P/E ratio?
California Resources (CRC) trades at a P/E of 13.0x (price to trailing 12-month earnings).
What is California Resources (CRC)'s EV/EBITDA?
California Resources (CRC) trades at 5.5x EV/EBITDA.
What is California Resources (CRC)'s P/B ratio?
California Resources (CRC) trades at a P/B of 1.3x.
What is California Resources (CRC)'s dividend yield?
California Resources (CRC)'s trailing 12-month dividend yield is 3.0%.
What is California Resources (CRC)'s return on equity (ROE)?
California Resources (CRC)'s ROE is -86.3%.
What is California Resources (CRC)'s market capitalization?
California Resources (CRC)'s market cap is 4.7 bn USD.