{"id":427822,"date":"2026-08-09T03:58:09","date_gmt":"2026-08-09T03:58:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/427822\/"},"modified":"2026-08-09T03:58:09","modified_gmt":"2026-08-09T03:58:09","slug":"earnings-to-watch-california-resources-crc-reports-q2-results-tomorrow","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/427822\/","title":{"rendered":"Earnings To Watch: California Resources (CRC) Reports Q2 Results Tomorrow"},"content":{"rendered":"

Oil and gas producer California Resources (NYSE:CRC) will be reporting earnings this Monday before market hours. Here\u2019s what to expect. <\/p>\n

California Resources missed analysts\u2019 revenue expectations last quarter, reporting revenues of $119 million, down 86.9% year on year. It was a softer quarter for the company, with a significant miss of analysts\u2019 EPS estimates. It reported year-on-year oil production per day growth of 23.4%. <\/p>\n

Is California Resources a buy or sell going into earnings? Read our full analysis here, it\u2019s free for active Edge members<\/a>.<\/p>\n

This quarter, the market is expecting California Resources\u2019s revenue to grow 15.8% year on year, slowing from the 61.3% increase it recorded in the same quarter last year. <\/p>\n

\"California<\/p>\n

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. California Resources has missed Wall Street\u2019s revenue estimates multiple times over the last two years. <\/p>\n

Looking at California Resources\u2019s peers in the mixed or offshore upstream e&p segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Vitesse Energy delivered year-on-year revenue growth of 11.3%, beating analysts\u2019 expectations by 8.2%, and Solaris Energy Infrastructure reported revenues up 46.9%, topping estimates by 7.1%. Vitesse Energy\u2019s stock price was unchanged after the resultswhile Solaris Energy Infrastructure was up 2.3%. <\/p>\n

Read our full analysis of Vitesse Energy\u2019s results here<\/a> and Solaris Energy Infrastructure\u2019s results here<\/a>.<\/p>\n

There has been positive sentiment among investors in the mixed or offshore upstream e&p segment, with share prices up 2.1% on average over the last month. California Resources\u2019s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $77.55 (compared to the current share price of $52.11).<\/p>\n

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AI chip stocks trade at ridiculous valuations. This company processes a trillion consumer signals monthly using AI and trades at a third of the price. The gap won\u2019t last. The institutions will figure it out. You need to see this first. Read the FREE Report Before They Notice<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Oil and gas producer California Resources (NYSE:CRC) will be reporting earnings this Monday before market hours. Here\u2019s what…\n","protected":false},"author":2,"featured_media":298801,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[7,9,8,170353,126579,126578],"class_list":["post-427822","post","type-post","status-publish","format-standard","has-post-thumbnail","category-california","tag-california","tag-california-headlines","tag-california-news","tag-crc-pre-earnings","tag-financial-analysis","tag-stock-market-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/427822","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=427822"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/427822\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/298801"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=427822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=427822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=427822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}