(CRC) California Resources - Overview
Sector: Energy | Industry: Oil & Gas E&P | Exchange: NYSE (USA) | Market Cap: 5.509m USD | Total Return: 44.5% in 12m
Avg Turnover: 44.4M
EPS Trend: -5.4%
Qual. Beats: 0
Rev. Trend: 57.4%
Qual. Beats: 0
Warnings
Altman Z'' 0.95 < 1.0 - financial distress zone
Below Avwap Earnings
Tailwinds
No distinct edge detected
California Resources Corporation (CRC) is an independent energy producer and carbon management firm based in Long Beach, California. The companys primary operations involve the exploration and production of crude oil, natural gas, and natural gas liquids exclusively for the California market. This regional focus reduces exposure to international shipping logistics but subjects the firm to Californias specific regulatory environment and carbon pricing frameworks.
The company operates two distinct segments: Oil and Natural Gas, and Carbon Management through its Carbon TerraVault initiative. This business model integrates traditional fossil fuel extraction with carbon capture and storage (CCS) infrastructure, designed to sequester CO2 in depleted underground reservoirs. To support these operations, CRC maintains its own power generation facilities, including gas-fired plants that provide electricity for field extraction processes.
The E&P sector is increasingly pivoting toward integrated carbon sequestration to offset the emissions intensity of heavy crude production. Investors can evaluate CRC’s long-term valuation metrics and carbon credit potential on ValueRay. As a major operator in the Los Angeles and San Joaquin basins, the company functions as a vertically integrated entity providing critical feedstock to state refineries.
- Crude oil production volumes and Brent-linked pricing drive core operating revenue
- Carbon TerraVault sequestration permits and commercialization accelerate energy transition valuation
- California regulatory environment and drilling permit approvals impact long-term reserve replacement
- Natural gas price fluctuations and power generation margins influence secondary revenue streams
- Strategic acquisition of Aera Energy increases scale and enhances free cash flow generation
| Net Income: -463.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -1.22 > 1.0 |
| NWC/Revenue: -18.46% < 20% (prev -4.85%; Δ -13.61% < -1%) |
| CFO/TA 0.11 > 3% & CFO 788.0m > Net Income -463.0m |
| Net Debt (1.41b) to EBITDA (1.37b): 1.03 < 3 |
| Current Ratio: 0.55 > 1.5 & < 3 |
| Outstanding Shares: last quarter (88.7m) vs 12m ago -2.74% < -2% |
| Gross Margin: 37.83% > 18% (prev 0.40%; Δ 3.74k% > 0.5%) |
| Asset Turnover: 50.62% > 50% (prev 48.89%; Δ 1.72% > 0%) |
| Interest Coverage Ratio: 6.86 > 6 (EBITDA TTM 1.37b / Interest Expense TTM 108.0m) |
| A: -0.09 (Total Current Assets 788.0m - Total Current Liabilities 1.44b) / Total Assets 7.15b |
| B: 0.16 (Retained Earnings 1.16b / Total Assets 7.15b) |
| C: 0.11 (EBIT TTM 741.0m / Avg Total Assets 6.99b) |
| D: 0.29 (Book Value of Equity 1.25b / Total Liabilities 4.23b) |
| Altman-Z'' = 0.95 = BB |
| DSRI: 1.28 (Receivables 576.0m/426.0m, Revenue 3.54b/3.34b) |
| GMI: 1.07 (GM 37.83% / 40.41%) |
| AQI: 1.17 (AQ_t 0.05 / AQ_t-1 0.05) |
| SGI: 1.06 (Revenue 3.54b / 3.34b) |
| TATA: -0.17 (NI -463.0m - CFO 788.0m) / TA 7.15b) |
| Beneish M = -2.77 (Cap -4..+1) = A |
As of May 28, 2026, the stock is trading at USD 59.75 with a total of 484,906 shares traded.
Over the past week, the price has changed by -4.35%,
over one month by -8.50%,
over three months by +2.21% and
over the past year by +44.52%.
California Resources has received a consensus analysts rating of 4.42. Therefore, it is recommended to buy CRC.
- StrongBuy: 7
- Buy: 3
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 81.3 | 36% |
P/E Forward = 9.2593
P/S = 1.5903
P/B = 1.8879
P/EG = 0.2806
Revenue TTM = 3.54b USD
EBIT TTM = 741.0m USD
EBITDA TTM = 1.37b USD
Long Term Debt = 1.31b USD (from longTermDebt, last quarter)
Short Term Debt = 13.0m USD (from shortTermDebt, last quarter)
Debt = 1.45b USD (from shortLongTermDebtTotal, last quarter) + Leases 68.0m
Net Debt = 1.41b USD (calculated: Debt 1.45b - CCE 40.0m)
Enterprise Value = 6.91b USD (5.51b + Debt 1.45b - CCE 40.0m)
Interest Coverage Ratio = 6.86 (Ebit TTM 741.0m / Interest Expense TTM 108.0m)
EV/FCF = 17.73x (Enterprise Value 6.91b / FCF TTM 390.0m)
FCF Yield = 5.64% (FCF TTM 390.0m / Enterprise Value 6.91b)
FCF Margin = 11.03% (FCF TTM 390.0m / Revenue TTM 3.54b)
Net Margin = -13.09% (Net Income TTM -463.0m / Revenue TTM 3.54b)
Gross Margin = 37.83% ((Revenue TTM 3.54b - Cost of Revenue TTM 2.20b) / Revenue TTM)
Gross Margin QoQ = 40.12% (prev 35.48%)
Tobins Q-Ratio = 0.97 (Enterprise Value 6.91b / Total Assets 7.15b)
Interest Expense / Debt = 7.47% (Interest Expense 108.0m / Debt 1.45b)
Taxrate = 27.69% (139.0m / 502.0m)
NOPAT = 535.8m (EBIT 741.0m * (1 - 27.69%))
Current Ratio = 0.55 (Total Current Assets 788.0m / Total Current Liabilities 1.44b)
Debt / Equity = 0.50 (Debt 1.45b / totalStockholderEquity, last quarter 2.92b)
Debt / EBITDA = 1.03 (Net Debt 1.41b / EBITDA 1.37b)
Debt / FCF = 3.61 (Net Debt 1.41b / FCF TTM 390.0m)
Total Stockholder Equity = 3.36b (last 4 quarters mean from totalStockholderEquity)
RoA = -6.63% (Net Income -463.0m / Total Assets 7.15b)
RoE = -13.78% (Net Income TTM -463.0m / Total Stockholder Equity 3.36b)
RoCE = 15.87% (EBIT 741.0m / Capital Employed (Equity 3.36b + L.T.Debt 1.31b))
RoIC = 9.37% (NOPAT 535.8m / Invested Capital 5.72b)
WACC = 8.66% (E(5.51b)/V(6.95b) * Re(9.51%) + D(1.45b)/V(6.95b) * Rd(7.47%) * (1-Tc(0.28)))
Discount Rate = 9.51% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 17.98 | Cagr: 10.57%
[DCF] Terminal Value 72.06% ; FCFF base≈416.4m ; Y1≈367.0m ; Y5≈299.6m
[DCF] Fair Price = 35.65 (EV 4.57b - Net Debt 1.41b = Equity 3.17b / Shares 88.8m; r=8.66% [WACC]; 5y FCF grow -14.47% → 2.50% )
EPS Correlation: -5.43 | EPS CAGR: -1.56% | SUE: -0.02 | # QB: 0
Revenue Correlation: 57.43 | Revenue CAGR: 10.66% | SUE: 0.34 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.58 | Chg30d=+4.53% | Revisions=+0% | Analysts=10
EPS next Quarter (2026-09-30): EPS=1.61 | Chg30d=+4.53% | Revisions=+33% | Analysts=10
EPS current Year (2026-12-31): EPS=5.40 | Chg30d=-4.08% | Revisions=-8% | GrowthEPS=+31.4% | GrowthRev=-8.2%
EPS next Year (2027-12-31): EPS=4.36 | Chg30d=-13.14% | Revisions=+8% | GrowthEPS=-19.3% | GrowthRev=+13.0%
[Analyst] Revisions Ratio: +33%