California Resources Corporation (CRC) Announces Mixed Results for Q4 2025

California Resources Corporation (NYSE:CRC) is among the 14 Best Oil and Gas Dividend Stocks to Buy Right Now.

California Resources Corporation (CRC) Announces Mixed Results for Q4 2025

California Resources Corporation (NYSE:CRC) operates as an independent energy and carbon management company in the United States. It operates in two segments, Oil and Natural Gas, and Carbon Management.

California Resources Corporation (NYSE:CRC) reported mixed results for its Q4 2025 on March 2, with its adjusted earnings of $0.47 per share falling behind estimates by $0.03. However, the company’s revenue grew by over 5% YoY to $924 million and exceeded expectations by more than $134 million.

California Resources Corporation (NYSE:CRC) reported a net production of 138,000 barrels of oil equivalent per day (boed) for the full-year 2025, up 25% compared to the previous year, reflecting consistent capital execution and value accretive transactions.

California Resources Corporation (NYSE:CRC) also generated free cash flow of $543 million for the year, its highest annual free cash flow since 2021, driven by a robust base performance, structural cost reductions, realized synergies, and higher-than-average resource adequacy payments from its power assets. The strong FCF allowed the company to increase its share repurchase program by $430 million last month and extend the program through 2027, with remaining capacity at approximately $600 million.

California Resources Corporation (NYSE:CRC)  is targeting to grow its net production by 12% YoY to 155,000 boed in FY 2026, with oil representing roughly 81% of volumes. The company is expecting to generate approximately $1 billion of adjusted EBITDAX at $65 Brent this year.

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