California Resources (CRC) Earnings Date, Estimates & Call Transcripts

$48.14

-1.13 (-2.29%)

(As of 09/6/2024 ET)

Upcoming Earnings Date: Nov. 6Estimated
Actual EPS (Aug. 6): $0.60 Missed By -$0.36
Consensus EPS (Aug. 6): $0.96

CRC Earnings Estimates and Actuals by Quarter

The chart below shows up to four years of a company's earnings history. The dark blue line represents the company's actual earnings per share. The light blue area represents the range of Wall Street analysts' earnings estimates for each quarter.

CRC Estimated and Actual Revenue by Quarter

The chart below shows up to four years of a company's revenue history. The dark blue line represents the company's actual revenue. The light blue line represents the company's estimated revenue based on the consensus of Wall Street analysts for each quarter.

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California Resources Analyst EPS Estimates

Quarter	Number of Estimates	Low Estimate	High Estimate	Average Estimate
Q1 2024	1	$0.52	$0.52	$0.52
Q2 2024	1	$0.19	$0.19	$0.19
Q3 2024	1	$1.01	$1.01	$1.01
Q4 2024	1	$1.38	$1.38	$1.38
FY 2024	4	$3.10	$3.10	$3.10
Q1 2025	1	$1.01	$1.01	$1.01
Q2 2025	1	$0.93	$0.93	$0.93
Q3 2025	1	$1.71	$1.71	$1.71
Q4 2025	1	$1.26	$1.26	$1.26
FY 2025	4	$4.91	$4.91	$4.91

CRC Earnings Date and Information

California Resources last released its quarterly earnings results on August 6th, 2024. The oil and gas producer reported $0.60 EPS for the quarter, missing analysts' consensus estimates of $0.96 by $0.36. The firm earned $514 million during the quarter, compared to the consensus estimate of $477.07 million. Its revenue was down 13.0% compared to the same quarter last year. California Resources has generated $3.49 earnings per share over the last year ($3.49 diluted earnings per share) and currently has a price-to-earnings ratio of 13.8. Earnings for California Resources are expected to grow by 27.83% in the coming year, from $3.45 to $4.41 per share. California Resources has not formally confirmed its next earnings publication date, but the company's estimated earnings date is Wednesday, November 6th, 2024 based off prior year's report dates.

California Resources Earnings History by Quarter

Time Frame

Start Date

End Date

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Date	Quarter	Consensus Estimate	Reported EPS	Beat/Miss	GAAP EPS	Revenue Estimate	Actual Revenue
11/6/2024 (Estimated)	-	-	-	-	-	-	-
8/6/2024	Q2 2024	$0.96	$0.60	($0.36)	$1.09	$477.07 million	$514.00 million
5/7/2024	Q1 2024	$0.58	$0.75	+$0.17	$1.64	$490.21 million	$454.00 million
2/27/2024	Q4 2023	$1.01	$0.93	($0.08)	($0.74)	$553.47 million	$726.00 million
11/1/2023	Q3 2023	$0.79	$1.02	+$0.23	$2.36	$524.16 million	$460.00 million
7/31/2023	Q2 2023	$0.86	$0.53	($0.33)	($0.29)	$535.59 million	$591.00 million
5/1/2023	Q1 2023	$2.09	$2.63	+$0.54	$1.17	$746.35 million	$1.02 billion
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2/24/2023	Q4 2022	$1.77	$1.24	($0.53)	$1.37	$639.65 million	$682.00 million
11/3/2022	Q3 2022	$1.28	$1.45	+$0.17	($2.68)	$755.00 million	$1.13 billion
8/3/2022	Q2 2022	$1.96	$1.13	($0.83)	($0.15)	-	$747.00 million
5/5/2022	Q1 2022	$1.14	$1.13	($0.01)	$4.49	$443.19 million	$153.00 million
2/24/2022	Q4 2021	$1.95	$2.13	+$0.18	($4.45)	$544.36 million	$634.00 million
11/11/2021	Q3 2021	$1.32	$1.83	+$0.51	$2.41	$522.40 million	$588.00 million
8/5/2021	Q2 2021	-	$0.94	+$0.94	$3.22	-	$304.00 million
5/13/2021	Q1 2021	-	$1.22	+$1.22	$3.57	-	$363.00 million
11/5/2020	Q3 2020	-	$1.68	+$1.68	$1.16	-	$409.00 million
8/6/2020	Q2 2020	-	($5.47)	($5.47)	($5.47)	-	$276.00 million
6/25/2020	Q1	($1.7130)	($0.16)	+$1.5530	$36.11	$505.75 million	$573.00 million
2/26/2020	Q4 2019	$0.37	$0.73	+$0.36	$2.82	$676.15 million	$610.00 million
10/31/2019	Q3 2019	($0.37)	$0.35	+$0.72	($1.19)	$620.31 million	$681.00 million

California Resources Earnings - Frequently Asked Questions

When is California Resources's earnings date?: California Resources has not confirmed its next earnings publication date, but the company's estimated earnings date is Wednesday, November 6th, 2024 based off last year's report dates. Learn more on CRC's earnings history.
Did California Resources beat their earnings estimates last quarter?: In the previous quarter, California Resources (NYSE:CRC) missed the analysts' consensus estimate of $0.96 by $0.36 with a reported earnings per share (EPS) of $0.60. Learn more on analysts' earnings estimate vs. CRC's actual earnings.
How can I listen to California Resources's earnings conference call?: The conference call for California Resources's latest earnings report can be listened to online. Listen to Conference Call
How can I read California Resources's conference call transcript?: The conference call transcript for California Resources's latest earnings report can be read online. Read Transcript
How can I view California Resources's earnings report?: California Resources's earnings report can be found in their filing with the SEC. View SEC filing
How much revenue does California Resources generate each year?: California Resources (NYSE:CRC) has a recorded annual revenue of $2.31 billion.
How much profit does California Resources generate each year?: California Resources (NYSE:CRC) has a recorded net income of $564 million. CRC has generated $3.49 earnings per share over the last four quarters.
What is California Resources's price-to-earnings ratio?: California Resources (NYSE:CRC) has a trailing price-to-earnings ratio of 13.79 and a forward price-to-earnings ratio of 13.95. The price/earnings-to-growth ratio is 1.29.
What is California Resources's EPS forecast for next year?: California Resources's earnings are expected to grow from $3.45 per share to $4.41 per share in the next year, which is a 27.83% increase.