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California Resources CRC Q2 2026 earnings

Reported August 10, 2026 · Before market open

Revenue$1.3BBeat by $336.8M
EPS$0.99Miss by $0.37
Revenue estimate$960.2M
EPS estimate$1.36
“Our teams are executing exceptionally well, delivering durable operational improvements across our asset base. Recent efficiency gains and continued Berry synergy capture are strengthening our long-term outlook. Specifically, we are now able to maintain flat California production with fewer rigs and less maintenance capital, creating operational and financial momentum into 2027 and beyond.”
Francisco Leon

Next report

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

Financials

Q2 2026

Income statement

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Revenue$1.3B+32.6%
Operating income$511.0M+91.4%
Net income$514.0M+199%
EPS (diluted)$5.76+200%

Balance sheet

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Cash & equivalents$56.0M-22.2%
Total debt$1.3B+23.4%
Total equity$3.4B-0.1%
Total assets$7.1B+5.8%

Cash flow

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Operating cash flow$263.0M+59.4%
CapEx$149.0M+166%
Free cash flow$114.0M+4.6%

Valuation & ratios

Valuation

as of 10/02/26
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Market cap$4.59B+5.3%
Enterprise value$5.88B+11.8%
P/S1.4×+0.2×

Profitability

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Operating margin-1.7%-26.9pp
Net margin-3.8%-19.9pp
FCF margin12.1%-0.1pp

Returns & leverage

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Return on equity-3.6%-27.9pp
Debt / equity0.4×+0.1×
Current ratio0.7×-0.1×

FAQ

When did California Resources report Q2 2026 earnings?
California Resources (CRC) reported Q2 2026 earnings on August 10, 2026 before market open.
What were California Resources's Q2 2026 revenue and EPS?
California Resources reported revenue of $1.3B and eps of $0.99 for Q2 2026.
Did California Resources beat estimates in Q2 2026?
Revenue beat the consensus estimate of $960.2M by $336.8M. EPS missed the consensus estimate of $1.36 by $0.37.
How did California Resources's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 58.9% from $816.0M a year earlier and eps declined 10.0% from $1.10.
Where can I find California Resources's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001609253-26-000127) and the 10-Q periodic report (0001609253-26-000130) directly on SEC EDGAR. The filing index links above go to sec.gov.