CRC California Resources (CRC) Q1 FY26 earnings call
California Resources delivered a strong Q1 FY26, driven by favorable energy markets and strategic execution, leading to an increased full-year outlook. The company is accelerating its drilling program, securing permits, and advancing its carbon management and data center initiatives, while also enhancing capital efficiency and synergy targets. Management emphasizes its integrated strategy and commitment to shareholder returns through the commodity cycle.
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CRC operating KPIs by quarter
| KPI | Dec 2025 Q4 FY25 | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Production | 137K boe/dNet production averaged 137,000 barrels of oil equivalent per day with oil realizations at 97% of Brent before hedges.Source: earnings call transcript | 154K boe/dNet production averaged 154,000 BOE per day, with oil at 81% of the mix and realizations at 96% of Brent pre-hedged, in line with plan.Source: earnings call transcript | 149K boe/dNet production averaged 149,000 barrels of oil equivalent per day with oil representing 81% of total volume.Source: earnings call transcript | -3.2% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.