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California Resources (CRC) Q4 FY25 earnings call

Earnings call· Dec 2025 (Q4 FY25)· Energy· Mar 2, 2026

Source: earnings call transcript

CRC achieved record financial and operational results in Q4 FY25, driven by production growth and cost efficiencies, despite commodity price declines. The company is advancing its integrated strategy with the commissioning of its first commercial CCS project and improved regulatory visibility for its 2026 capital program. Management is focused on disciplined capital allocation, maintaining balance sheet strength, and returning cash to shareholders, while positioning for long-term value creation through its conventional assets and decarbonization platforms.

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CRC operating KPIs by quarter

CRC operating KPIs stated on its earnings calls, by fiscal quarter
KPIThis call Dec 2025 Q4 FY25 Mar 2026 Q1 FY26 Jun 2026 Q2 FY26Change vs prior quarter
Production
137K boe/d Net 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/d Net 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/d Net 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.