CRC California Resources Dashboard

alifornia Resources Corporation is the largest oil and natural gas exploration and production company in California. The Company operates exclusively within the State of California, applying complementary and integrated infrastructure to gather, process and market its production. Using advanced technology, the Company focuses on safely and responsibly supplying affordable energy for California by Californians.

Company profile

Ticker

CRC, CRCQW

Exchange

NYSE

Website

www.crc.com/

CEO

Todd Stevens

Incorporated

Delaware

Location

California

Fiscal year end

Dec 31

Sector

Mining, Quarrying, and Oil and Gas Extraction > Crude Petroleum and Natural Gas Extraction

Industry (SIC)

Crude Petroleum & Natural Gas

Petroleo Brasileiro S.A. Petrobras • Anadarko Petroleum • Occidental Petroleum • Marathon Oil • Apache • Chesapeake Energy • Devon Energy • EOG Resources • Pressburg • Ovintiv ...

SEC CIK

0001609253

Corporate docs

Articles of Incorporation & Bylaws

CRC stock data

S&P 500

1M 1Y 2Y 5Y

News

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California Resources Q1 Adj. EPS $1.22 Up From $(1.22) YoY, Sales $363.00M Beat $285.10M Estimate

13 May 21

California Resources (NYSE:CRC) reported quarterly earnings of $1.22 per share. This is a 200 percent increase over losses of $(1.22) per share from the same period last year. The company reported quarterly sales of

Earnings Scheduled For May 13, 2021

13 May 21

Companies Reporting Before The Bell • CASI Pharmaceuticals (NASDAQ:CASI) is estimated to report quarterly loss at $0.06 per share on revenue of $5.05 million.

California Resources Q4 Adj. EPS $0.34 Down From $0.73 YoY, Sales $301.00M Beat $285.10M Estimate

11 Mar 21

California Resources (NYSE:CRC) reported quarterly earnings of $0.34 per share. This is a 53.42 percent decrease over earnings of $0.73 per share from the same period last year. The company reported quarterly sales of

Earnings Scheduled For March 11, 2021

11 Mar 21

Stocks That Hit 52-Week Highs On Wednesday

17 Feb 21

Press releases

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California Resources Corp. to Host Earnings Call

13 May 21

NEW YORK, NY / ACCESSWIRE / May 13, 2021 / California Resources Corp. (NYSE:CRC) will be discussing their earnings results in their 2021 First Quarter Earnings call to be held on May 13, 2021 at 11:00 AM Eastern Time.To

California Resources Corporation Announces First Quarter 2021 Results and $150 Million Share Repurchase Program

13 May 21

California Resources Corporation (NYSE:CRC), an independent oil and natural gas exploration and production company, today reported first quarter 2021 operational and financial results. "CRC delivered on its strategy

California Resources Corporation Announces Additional Investor Conference Participation

21 Apr 21

California Resources Corporation (NYSE:CRC) announced today that the Company's executives will be participating in the 2021 Virtual Wells Fargo Energy Conference to be held on June 2-3. CRC's presentation materials

California Resources Corporation Schedules First Quarter 2021 Conference Call and Earnings Release, and Announces Investor Conference Participation

15 Apr 21

California Resources Corporation Announces Appointment of New Chair of the Board

15 Apr 21

Investment data

Data from SEC filings

Securities sold

Number of investors

Calendar

13 May 21

15 May 21

31 Dec 21

Financial summary

Financial statements Chart CRC financial data

Quarter (USD)	Mar 21	Dec 20	Sep 20	Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 20	Dec 19	Dec 18	Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated)	Burn method: Change in cash		Burn method: Operating income/loss		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)		130M	130M	130M	130M	130M
Cash burn (monthly)		(positive/no burn)	29.67M	29.08M	(positive/no burn)	(positive/no burn)
Cash used (since last report)		n/a	44.35M	43.48M	n/a	n/a
Cash remaining		n/a	85.65M	86.52M	n/a	n/a
Runway (months of cash)		n/a	2.9	3.0	n/a	n/a

Beta Read what these cash burn values mean

Recent insider trades

CRC insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	#Shares	#Remaining
12 May 21	Andrew B. Bremner	Common Stock	Grant	Aquire A	No	No	8,127	8,872
12 May 21	Jay A. Bys	Common Stock	Grant	Aquire A	No	No	61,309	61,309
12 May 21	Jay A. Bys	Performance Stock Units Common Stock	Grant	Aquire A	No	No	61,309	61,309
15 Apr 21	Cepak Tiffany Thom	Common Stock	Grant	Aquire A	No	No	15,139	47,850

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q4 2020

CRC institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

90.7% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	52	33	+57.6%
Opened positions	50	3	+1566.7%
Closed positions	31	131	-76.3%
Increased positions	0	2	EXIT
Reduced positions	1	5	-80.0%

13F shares	Current	Prev Q	Change
Total value	3.06B	4.6M	+66573.4%
Total shares	75.6M	1.09M	+6839.5%
Total puts	0	4.19M	EXIT
Total calls	90.4K	92.9K	-2.7%
Total put/call ratio	–	45.1	–

Largest owners	Shares	Value	Change
Goldentree Asset Management	19.79M	$458.75M	NEW
FMR	18.31M	$431.99M	NEW
ARES Ares Management	17.32M	$408.69M	NEW
JB Investors	6.73M	$158.72M	NEW
JPM JPMorgan Chase & Co.	2.7M	$63.66M	NEW
CarVal Investors	2.2M	$51.93M	NEW
BLK Blackrock	1.68M	$39.53M	NEW
Invesco Senior Secured Management	1.34M	$31.67M	NEW
Pictet Asset Management	994.57K	$23.46M	NEW
Orbis Allan Gray	831.97K	$19.63M	NEW

Largest transactions	Shares	Bought/sold	Change
Goldentree Asset Management	19.79M	+19.79M	NEW
FMR	18.31M	+18.31M	NEW
ARES Ares Management	17.32M	+17.32M	NEW
JB Investors	6.73M	+6.73M	NEW
JPM JPMorgan Chase & Co.	2.7M	+2.7M	NEW
CarVal Investors	2.2M	+2.2M	NEW
BLK Blackrock	1.68M	+1.68M	NEW
Invesco Senior Secured Management	1.34M	+1.34M	NEW
Pictet Asset Management	994.57K	+994.57K	NEW
Orbis Allan Gray	831.97K	+831.97K	NEW

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Management Discussion

Oil, natural gas and NGL sales — Oil, natural gas and NGL sales, excluding the impact of settled hedges, were $432 million for the three months ended March 31, 2021, which is an increase of $2 million compared to $430 million for the same period of 2020. The increase was due to higher realized prices, which was partially offset by lower production, as reflected in the following table:
Note: See Production and Prices for index prices, realizations and production volumes for comparative periods.
The effect of settled hedges is not included in the table above. Payments for settled hedges were $39 million for the three months ended March 31, 2021 compared to proceeds of $98 million, including $63 million of proceeds from derivative contracts sold prior to maturity, for the same period of 2020. Including the effect of settled hedges, our oil, natural gas and NGL revenue decreased by $135 million or 26% compared to the same prior-year period.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore V good

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From filing 10-Q 2021 Q1