CRC California Resources (CRC) Q2 FY26 earnings call
California Resources Corporation delivered a solid quarter, marked by strategic midstream acquisitions and significant operational efficiency gains that are structurally improving the business. Despite temporary market access challenges impacting differentials, the company is advancing its integrated California energy platform, including the first-of-its-kind CCS project and a new data center partnership. Management is focused on capital discipline and maximizing shareholder value through organic growth, balance sheet strength, and opportunistic capital returns.
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CRC operating KPIs by quarter
| KPI | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | This call 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.