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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 (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.

While we acknowledge the potential of CRC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CRC and that has a 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 12 Best Crude Oil Stocks to Buy as Tensions Rise and 40 Most Popular Stocks Among Hedge Funds Heading into 2026.

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