Pulling SEC filings + quote and writing the call…

California Resources Corp
Next earnings Aug 3, 2026 (after close) · consensus $1.81 EPS, $1.05B rev
Last earnings -0.6% on 2026-06-16
A hedged California oil producer gushing cash and returning it, with carbon-storage optionality — cheap at 13.3x.
Sources: SEC EDGAR (CIK 0001609253, latest 10-Q filed 2026-05-06) · EODHD · analysis by claude-code · as of 6/21/2026, 9:00:34 PM.
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Quality fundamentals and an attractive price line up (~32% below fair value) — the rarer case where both the business and the entry look good.
California Resources is the state's largest oil and gas producer, and FY2025 was defined by consolidation and cash generation. Revenue grew 14.7% to $2.91B (oil/NGL/gas sales), driven by higher production from the Aera (July 2024) and Berry (December 2025) mergers — the MD&A shows a $696M volume gain offsetting a $294M hit from lower realized prices. Net income was roughly flat at $363M (EPS $4.15) at a healthy 20.5% operating margin, but the standout is cash: operating cash flow surged 41.8% to $865M, comfortably funding $322M of capex and a heavy capital-return program.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $2.05B | $2.64B | $2.15B | $2.54B | $2.91B |
| Gross profit | — | — | — | — | — |
| Operating income | $293M | $812M | $808M | $620M | $598M |
| Net income | $612M | $524M | $564M | $376M | $363M |
| Diluted EPS | $7.37 | $6.75 | $7.78 | $4.62 | $4.15 |
| Net margin | 29.9% | 19.8% | 26.2% | 14.8% | 12.5% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
1074 tracked peers · median
Source: EODHD. Yield = trailing-12-month dividends ÷ price.
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
Last 90 days: 0 open-market buys · 2 sales
| 2026-06-19 | Hayat Omar EVP & Chief Operating Officer | Award | 7.31K | |
| 2026-06-19 | Hayat Omar EVP & Chief Operating Officer | Tax | 3.94K @ $55.30 | $218K |
| 2026-06-19 | Hayat Omar EVP & Chief Operating Officer | Tax | 2.14K @ $55.30 | $118K |
| 2026-06-04 | Bys Jay A. EVP & Chief Commercial Officer | Sell | 11.9K @ $61.68 | $734K |
| 2026-05-12 | Preston Michael L. EVP, Chf Strategy Officer & GC | Sell | 26.4K @ $59.82 | $1.58M |
| 2026-05-08 | Hayat Omar EVP & Chief Operating Officer | Award | 173.00 | |
| 2026-05-08 | Hayat Omar EVP & Chief Operating Officer | Tax | 94.00 @ $58.92 | $5.54K |
| 2026-05-08 | Hayat Omar EVP & Chief Operating Officer | Tax | 51.00 @ $58.92 | $3.00K |
| 2026-04-30 | Veltmann Alejandra Director | Award | 3.09K | |
| 2026-04-30 | Roby William B Director | Award | 3.09K | |
| 2026-04-30 | McFarland Mark Allen Director | Award | 3.09K | |
| 2026-04-30 | Kendall Christian S Director | Award | 3.09K |
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.