California Resources Q1 Earnings Beat on Strong Oil Prices

CRC beat Q1 adjusted EPS and revenues on strong oil pricing, even as a massive derivative mark-to-market loss pushed GAAP results into the red.

Zacks Investment Research • May 11, 2026

California Resources Q1 Earnings Call Highlights

California Resources NYSE: CRC reported a stronger-than-expected first quarter and raised its 2026 outlook, citing higher oil prices, improved capital efficiency, accelerated drilling plans and additional cost savings from its Berry merger.

MarketBeat • May 9, 2026

California Resources Corporation (CRC) Q1 2026 Earnings Call Transcript

California Resources Corporation (CRC) Q1 2026 Earnings Call Transcript

Seeking Alpha • May 6, 2026

Carbon TerraVault Provides First Quarter 2026 Update

LONG BEACH, Calif., May 05, 2026 (GLOBE NEWSWIRE) -- Carbon TerraVault Holdings, LLC (CTV), a carbon management subsidiary of California Resources Corporation (NYSE: CRC), today provided a first quarter 2026 update on its financial and operating results.

GlobeNewsWire • May 5, 2026

California Resources Corporation Reports First Quarter 2026 Financial and Operating Results

Increasing Second Half 2026 Activity to Accelerate Development of Long Duration Oil Inventory Raising 2026E Adjusted EBITDAX Guidance by 42% Driven by Strong Oil Prices, Increased Target Synergies and Expected Operating Efficiencies LONG BEACH, Calif., May 05, 2026 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE: CRC) (CRC) today reported its financial and operating results for the first quarter of 2026.

GlobeNewsWire • May 5, 2026

California Resources Corporation (CRC) Q1 Earnings and Revenues Top Estimates

California Resources Corporation (CRC) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $1.07 per share a year ago.

Zacks Investment Research • May 5, 2026

Earnings Preview: California Resources Corporation (CRC) Q1 Earnings Expected to Decline

California Resources (CRC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Zacks Investment Research • Apr 28, 2026

Bank of America Still Loves 4 Dividend Paying Energy Stocks Even After Oil Plunged

While the two-week ceasefire came as a relief to many, especially after President Trump had ramped up the rhetoric, the reality is that while boats can move through the Strait of Hormuz, Bank of America reported that a stunning 11 million barrels per day of production remains shut in.

24/7 Wall Street • Apr 9, 2026

These energy stocks are especially cheap when you consider how expensive oil has become

Among equity analysts, a “rerating” is when the stock market catches up to an underlying trend. Energy stocks had started to increase before the attack against Iran by the U.S. and Israel caused oil prices to soar.

Market Watch • Apr 7, 2026

Buy 3 Sales Growth Stocks as Rising Geopolitical Risk Shakes Markets

Flowserve, California Resources and Globus Medical stand out as sales-growth buys as oil spikes and Iran-Strait tensions shake markets.

Zacks Investment Research • Apr 7, 2026