California Resources First Quarter 2025 Earnings: Beats Expectations

Simply Wall St

May 08, 2025

California Resources (NYSE:CRC) First Quarter 2025 Results

Key Financial Results

Revenue: US$900.0m (up 71% from 1Q 2024).
Net income: US$115.0m (up from US$10.0m loss in 1Q 2024).
Profit margin: 13% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue.
EPS: US$1.27 (up from US$0.14 loss in 1Q 2024).

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earnings-and-revenue-growth — NYSE:CRC Earnings and Revenue Growth May 8th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

California Resources Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 5.8%. Earnings per share (EPS) also surpassed analyst estimates by 60%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 3.7% growth forecast for the Oil and Gas industry in the US.

Performance of the American Oil and Gas industry.

The company's shares are up 11% from a week ago.

Valuation

Our analysis of these results suggests California Resources may be undervalued based on 6 important criteria we look at. Discover what analysts are forecasting and how the current share price shapes up by clicking here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.