California Resources Corporation(CRC) Stock Research - Grey Stern Research
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California Resources Corporation (CRC) Stock Analysis

$51.12 (1.47%)

CRC Financial Performance


Use the table below to view California Resources Corporation's financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q1 - 2024

Metric Value Ranking among Peers
Price $50.38 -
52 Week Low $43.30 -
52 Week High $58.44 -
Market Cap $4.5 Billion 4/11
Gross Margin 41% 5/11
Profit Margin -6% 9/11
EBITDA margin 5% 11/11
Q1 - 2024 Revenue $454.0 Million 4/11
Q1 - 2024 Earnings -$28.0 Million 10/11
Q1 - 2024 Free Cash Flow $87.0 Million 5/11
Trailing 4 Quarters Revenue $2.3 Billion 4/11
Trailing 4 Quarters Earnings $235.0 Million 6/11
Quarterly Earnings Growth -109% 8/11
Annual Earnings Growth -57% 6/11
Quarterly Revenue Growth -54% 11/11
Annual Revenue Growth -33% 8/11
Cash On Hand $0 11/11
Short Term Debt $0 8/11
Long Term Debt $541.0 Million 7/11

California Resources Corporation Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare California Resources Corporation's metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE 19.20 4/11
PS 1.98 6/11
PB 2.16 3/11
PC -1.00 11/11
Liabilities to Equity 0.41 9/11
ROA 0.08 5/11
ROE 0.11 6/11
Current Ratio 3.44 3/11
Quick Ratio 0.00 9/11
Long Term Debt to Equity 0.26 9/11
Debt to Equity 0.26 9/11
Burn Rate 0.00 5/11
Cash to Cap 0.00 8/11
CCR -3.11 9/11
EV to EBITDA 240.67 1/11
EV to Revenue 2.21 8/11

Company Details

California Resources Corporation operates as an independent oil and natural gas company. The company explores for, produces, gathers, processes, and markets crude oil, natural gas, and natural gas liquids for marketers, California refineries, and other purchasers that have access to transportation and storage facilities. As of December 31, 2021, it had interests in approximately 1.9 million net mineral acres with proved reserves totaled an estimated 480 million barrels of oil equivalent. The company also engages in the generation and sale of electricity to the local utility and the grid. The company was incorporated in 2014 and is based in Santa Clarita, California.

CEO: Mr. Todd A. Stevens

Website: https://www.crc.com

Address: 27200 Tourney Road Santa Clara, CA

Exchange: New York Stock Exchange

Industry: Oil & Gas E&P

California Resources Corporation Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to California Resources Corporation. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
Matador Resources Company MTDR $7.7 Billion
Comstock Resources, Inc. CRK $3.0 Billion
GeoPark Limited GPRK $520.4 Million
SilverBow Resources, Inc. SBOW $963.6 Million
PHX Minerals Inc. PHX $123.2 Million
Magnolia Oil & Gas Corporation MGY $4.8 Billion
Berry Corporation BRY $526.3 Million
Epsilon Energy Ltd. EPSN $118.6 Million
Gulfport Energy Corporation GPOR $2.7 Billion
Civitas Resources, Inc. CIVI $7.1 Billion
Run Peer Analysis
Income Statement
Balance Sheet
Cash Flow Statement
CRC Income Statements
Quarter Year Revenue Earnings
Q1 2024 $ 454.0 Million -$28.0 Million
Q4 2023 $ 607.0 Million $188.0 Million
Q3 2023 $ 664.0 Million -$22.0 Million
Q2 2023 $ 560.0 Million $97.0 Million
Q1 2023 $ 982.0 Million $301.0 Million
Q4 2022 $ 814.0 Million $83.0 Million
Q3 2022 $ 1.1 Billion $426.0 Million
Q2 2022 $ 747.0 Million $190.0 Million

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CRC Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q1 2024 $0 $3.0 Billion $541.0 Million $2.1 Billion
Q4 2023 $496.0 Million $4.0 Billion $610.0 Million $2.2 Billion
Q3 2023 $0 $3.0 Billion $589.0 Million $2.1 Billion
Q2 2023 $0 $0 $0 $2.1 Billion
Q1 2023 $477.0 Million $3.9 Billion $656.0 Million $2.1 Billion
Q4 2022 $307.0 Million $4.0 Billion $662.0 Million $1.9 Billion
Q3 2022 $358.0 Million $4.0 Billion $591.0 Million $1.9 Billion
Q2 2022 $324.0 Million $4.0 Billion $591.0 Million $1.5 Billion

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CRC Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q1 2024 $87.0 Million $0 -$93.0 Million
Q4 2023 $57.0 Million -$66.0 Million $17.0 Million
Q3 2023 $104.0 Million $0 $31.0 Million
Q2 2023 $108.0 Million $0 -$29.0 Million
Q1 2023 $310.0 Million $0 $170.0 Million
Q4 2022 $114.0 Million $0 -$51.0 Million
Q3 2022 $235.0 Million $0 $34.0 Million
Q2 2022 $21.0 Million $0 -$4.0 Million

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