Uncovering Potential: California Resources's Earnings Preview

California Resources (NYSE:CRC) is gearing up to announce its quarterly earnings on Monday, 2026-03-02. Here's a quick overview of what investors should know before the release. Analysts are estimating that California Resources will report an earnings per share (EPS) of $0.50. California Resources bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company beat EPS by $0.17, which was followed by a 0.81% drop in the share price the next day. Here's a look at California Resources's past performance and the resulting price change: Quarter Q3 2025 Q2 2025 Q1 2025 Q4 2024 EPS Estimate 1.29 0.92 0.77 0.97 EPS Actual 1.46 1.10 1.07 0.91 Price Change % -0.81 2.07 8.34 -1.41 Performance of California Resources Shares Shares of California Resources were trading at $57.33 as of February 26. Over the last 52-week period, shares are up 45.68%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. All You Need to Know About California Resources California Resources Corp is an independent oil and natural gas exploration and production company operating properties exclusively within California. It provides affordable and reliable energy in a safe and responsible manner, to support and enhance the quality of life of Californians and the local communities in which the company operates. It has some of the lowest carbon intensity production in the United States and is focused on maximizing the value of its land, mineral, and technical resources for decarbonization by developing carbon capture and storage (CCS) and other emissions-reducing projects. Breaking Down California Resources's Financial Performance Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity. Decline in Revenue: Over the 3 months period, California Resources faced challenges, resulting in a decline of approximately -11.94% in revenue growth as of 30 September, 2025. This signifies a reduction in the company's top-line earnings. When compared to others in the Energy sector, the company faces challenges, achieving a growth rate lower than the average among peers. Net Margin: California Resources's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 7.29%, the company may face hurdles in effective cost management. Return on Equity (ROE): California Resources's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 1.87%, the company may face hurdles in achieving optimal financial returns. Return on Assets (ROA): California Resources's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.95%, the company may encounter challenges in delivering satisfactory returns from its assets. Debt Management: With a below-average debt-to-equity ratio of 0.32, California Resources adopts a prudent financial strategy, indicating a balanced approach to debt management. To track all earnings releases for California Resources visit their earnings calendar on our site. This article was generated by Benzinga's automated content engine and reviewed by an editor.