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California Resources CRC Q1 2026 earnings

Reported May 5, 2026 · After market close

Revenue$119.0MMiss by $828.5M
EPS$0.88Beat by $0.05
Revenue estimate$947.5M
EPS estimate$0.83

Next report

Nov 3, 2026 (in a month)
Revenue estimate$963.6M
EPS estimate$0.96

Financials

Q1 2026

Income statement

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Revenue$119.0M-87.0%
Operating income-$711.0M-482%
Net income-$711.0M-718%
EPS (diluted)-$8.02-737%

Balance sheet

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Cash & equivalents$40.0M-81.3%
Total debt$1.4B+25.7%
Total equity$2.9B-17.0%
Total assets$7.1B+4.7%

Cash flow

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Operating cash flow$99.0M-46.8%
CapEx$131.0M+138%
Free cash flow-$32.0M-124%

Valuation & ratios

Valuation

as of 03/31/26
See full
Market cap$6.14B+54.1%
Enterprise value$7.48B+53.7%
P/S2.1×+1.0×

Profitability

See full
Operating margin-10.4%-32.6pp
Net margin-16.1%-29.8pp
FCF margin13.2%+0.8pp

Returns & leverage

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Return on equity-14.4%-32.3pp
Debt / equity0.5×+0.2×
Current ratio0.5×-0.3×

FAQ

When did California Resources report Q1 2026 earnings?
California Resources (CRC) reported Q1 2026 earnings on May 5, 2026 after market close.
What were California Resources's Q1 2026 revenue and EPS?
California Resources reported revenue of $119.0M and eps of $0.88 for Q1 2026.
Did California Resources beat estimates in Q1 2026?
Revenue missed the consensus estimate of $947.5M by $828.5M. EPS beat the consensus estimate of $0.83 by $0.05.
How did California Resources's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 86.8% from $900.0M a year earlier and eps declined 17.8% from $1.07.
Where can I find California Resources's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001609253-26-000102) and the 10-Q periodic report (0001609253-26-000106) directly on SEC EDGAR. The filing index links above go to sec.gov.