CRC

Energy

California Resources Corporation · Oil & Gas Exploration & Production · $6B

UQS Score — Balanced Preset
38.3
Below Average

California Resources Corporation scores 38.3/100 using the Balanced preset.

UQS vs Energy Sector
CRC
38.3
Sector avg
43.5
Quality
Neutral
Moat
Weak
Growth
Weak
Risk
Neutral
Valuation
Good

What is California Resources Corporation?

California Resources Corporation is an independent oil and natural gas producer operating exclusively within California. Incorporated in 2014 and headquartered in Long Beach, California, the company focuses on upstream exploration and production alongside electricity generation.

CRC explores for, produces, gathers, processes, and markets crude oil, natural gas, and natural gas liquids. Its customers include California refineries, marketers, and other purchasers with access to transportation and storage infrastructure. The company holds interests across a substantial acreage position in California, giving it a geographically concentrated but operationally focused footprint. CRC also generates and sells electricity to the local utility and the broader grid, adding a secondary revenue stream to its core upstream business.

California Resources Corporation was incorporated in 2014 and is headquartered in Long Beach, California.

  • Crude oil exploration and production
  • Natural gas and natural gas liquids marketing
  • Gathering and processing operations
  • Electricity generation and grid sales

Is CRC a Good Stock to Buy?

UQS Score rates CRC as Below Average overall, reflecting a mixed profile across its five quality pillars.

CRC's strongest areas are Quality and Valuation, both rated Good. The Quality pillar suggests the business generates reasonable returns relative to its asset base, while the Valuation pillar indicates the stock is not trading at an excessive premium — a meaningful consideration for energy investors watching entry points.

The Moat and Growth pillars both register as Weak, pointing to limited competitive differentiation and constrained expansion prospects in a geographically concentrated, heavily regulated operating environment.

See the exact pillar breakdown and full financial metrics by signing up for a UQS Pro account. Sign up free →

Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.

Does CRC pay dividends?

Yes — California Resources Corporation pays a dividend.

CRC pays a regular dividend, which is relatively uncommon among mid-cap independent oil and gas producers. The dividend reflects management's commitment to returning capital to shareholders alongside reinvestment in operations. Investors should note that energy-sector dividends can be sensitive to commodity price cycles, so sustainability depends on the prevailing oil and gas pricing environment.

When does CRC report earnings?

California Resources Corporation reports earnings on a quarterly cadence, consistent with standard practice for US-listed equities.

CRC's results are closely tied to California crude oil prices and production volumes. Revenue and profitability can shift meaningfully quarter to quarter as commodity prices fluctuate. The company's California-only footprint means regulatory and environmental factors also influence reported results.

For the most recent quarter's results and upcoming reporting dates, visit California Resources Corporation's investor relations page directly.

CRC Price History

+147.0% over 5Y

Monthly close, adjusted for stock splits and dividend reinvestment.

Return Calculator

What if I invested in California Resources Corporation?

$
Today it would be worth
$31,201
That's a +212% total return, or +25.6% annualized.

Based on California Resources Corporation's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.

CRC Long-term Outlook

CRC's Growth pillar is rated Weak, suggesting the fundamental outlook for production expansion remains limited in the near term. California's regulatory environment constrains new drilling activity, which caps organic volume growth. The Neutral Risk rating indicates the company is not facing acute financial distress, but commodity price volatility remains a persistent factor. The Good Valuation label suggests the market has already priced in much of the operational uncertainty.

Growth drivers

  • Stable California refinery demand supporting crude oil offtake
  • Electricity generation providing a secondary, less cyclical revenue stream
  • Potential operational efficiency gains across existing acreage

Key risks

  • California regulatory restrictions limiting new drilling permits
  • Commodity price volatility compressing margins in down cycles
  • Weak Moat rating reflecting limited pricing power versus peers

CRC vs Peers

CRC competes with other independent oil and gas producers, though its California-only focus sets it apart from more geographically diversified peers.

CNXCRC scores lower
CNX Resources Corporation

CNX operates primarily in Appalachian natural gas, giving it a different commodity and basin exposure compared to CRC's California crude oil focus.

TVE.TOSimilar UQS
Tamarack Valley Energy Ltd.

Tamarack Valley is a Canadian producer with a growth-oriented strategy in Alberta, contrasting with CRC's mature, regulation-constrained California operations.

MURCRC scores higher
Murphy Oil Corporation

Murphy Oil operates across multiple international and US basins, offering broader geographic diversification than CRC's single-state model.

Frequently Asked Questions

What does California Resources Corporation do?

California Resources Corporation explores for, produces, and markets crude oil, natural gas, and natural gas liquids entirely within California. It sells to refineries, marketers, and other buyers with access to storage and transportation. The company also generates and sells electricity to the local utility and the grid.

Does CRC pay dividends?

Yes, CRC pays a regular dividend. This distinguishes it from many mid-cap independent producers that prioritize reinvestment over shareholder distributions. Energy dividends are sensitive to commodity price cycles, so investors should monitor oil and gas market conditions when evaluating dividend sustainability.

When does CRC report earnings?

California Resources Corporation reports on a quarterly cadence, standard for US-listed companies. For confirmed dates and the most recent results, check the investor relations section of the company's official website.

Is CRC a good stock to buy?

UQS Score rates CRC as Below Average overall. The Quality and Valuation pillars are rated Good, but Moat and Growth are both Weak. Whether CRC fits your portfolio depends on your risk tolerance and view on California energy regulation. The full pillar breakdown is available to UQS Pro members.

Is CRC overvalued?

The UQS Valuation pillar for CRC is rated Good, suggesting the stock is not trading at an elevated premium relative to its fundamentals. That said, energy valuations can shift quickly with commodity prices. View the complete valuation metrics with a UQS Pro account.

How does CRC compare to its competitors?

CRC's California-only footprint is a key differentiator from peers like Murphy Oil, which operates across multiple basins, and CNX Resources, which focuses on Appalachian natural gas. This concentration gives CRC unique exposure to California refinery demand but also unique regulatory risk.

What is CRC's market cap bracket?

California Resources Corporation is classified as a mid-cap company. This places it between smaller independent producers and the large integrated majors, with a corresponding balance of liquidity and growth potential.

Who founded California Resources Corporation?

California Resources Corporation was spun off from Occidental Petroleum in 2014, making Occidental effectively its corporate parent at inception rather than a traditional founder. The company has operated as an independent public entity since that separation.

Is CRC a long-term quality investment?

As a long-term quality indicator, CRC's Below Average UQS Score reflects meaningful structural challenges — particularly the Weak Moat and Weak Growth ratings. The Good Quality and Valuation ratings provide some offset. Long-term holders should weigh California's regulatory trajectory carefully alongside commodity price assumptions.

What is the main competitive advantage of California Resources Corporation?

CRC's primary advantage is its deep, established position across California's producing basins, with interests in roughly 1.9 million net mineral acres. Its long-standing relationships with California refineries provide a reliable local offtake channel. However, the UQS Moat pillar rates this advantage as Weak relative to broader sector peers.

What sector does CRC belong to?

CRC operates in the Energy sector, specifically as an independent oil and natural gas exploration and production company. It also has a secondary presence in electricity generation, though upstream oil and gas remains the core of its business.

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Pro Analysis

CRC — Score History

303540455055Apr 2Apr 12Apr 22May 2May 12May 22May 24v5
Score changes· 29 most recent
DateUQSQualityMoatGrowthRiskValueChange
May 23, 202638.243.017.029.851.363.4+0.4
May 22, 202637.843.017.028.151.363.20.0
May 19, 202637.843.017.028.151.363.4-0.1
May 17, 202637.943.017.028.151.364.0-0.8
May 16, 202638.743.017.029.551.367.3-0.1
May 15, 202638.843.017.029.551.368.3-0.1
May 14, 202638.943.017.029.551.368.8+0.6
May 12, 202638.343.017.029.651.364.8+0.2
May 11, 202638.143.017.028.951.364.6-5.5
May 9, 202643.640.217.040.854.086.9+0.6

CRC — Pillar Breakdown

Quality

43.0/100 (25%)

California Resources Corporation has average quality metrics, with room for improvement in margins or capital efficiency.

Capital Efficiency (ROIC)Moderate

How effectively capital is deployed to generate returns.

Return on EquityWeak

Profitability relative to shareholders' equity.

Operating ProfitabilityStrong

Ability to convert revenue into operating profit.

Net ProfitabilityWeak

Bottom-line profit as a share of revenue.

Gross Profit / AssetsModerate

Asset productivity — how much gross profit each dollar of assets generates.

Cash GenerationStrong

Free cash flow relative to market value.

Growth

29.8/100 (20%)

California Resources Corporation faces growth headwinds with declining or stagnant revenue trends.

Recent Revenue TrendStrong

Revenue trajectory over the last twelve months.

3Y Revenue CAGRWeak

Compound annual revenue growth rate over 3 years.

EPS GrowthWeak

Year-over-year earnings per share growth.

Forward Revenue OutlookWeak

Analyst consensus for future revenue growth.

Forward EPS GrowthWeak

Analyst consensus for future earnings growth.

Risk

51.3/100 (15%)

California Resources Corporation has some risk factors including moderate leverage or solvency concerns.

Financial LeverageModerate

Debt levels relative to earnings capacity.

Debt/EquityStrong

Total debt relative to shareholder equity.

Current RatioWeak

Short-term liquidity — ability to pay near-term obligations.

Interest CoverageModerate

Earnings capacity relative to interest payments.

Valuation

64.1/100 (15%)

California Resources Corporation trades at a reasonable valuation with decent earnings yield and FCF multiples.

Earnings YieldModerate

Inverse of forward P/E — higher yield means cheaper stock.

Price to Free Cash FlowStrong

How many years of FCF the market cap represents.

PEG RatioWeak

P/E relative to earnings growth — lower is more attractive.

EV/EBITDA vs SectorStrong

Enterprise value multiple relative to sector median.

Moat

17/100 (25%)

California Resources Corporation operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for CRC.

Score Composition

Quality
43.0×25%10.8
Growth
29.8×20%6.0
Risk
51.3×15%7.7
Valuation
64.1×15%9.6
Moat
17.0×25%4.3
Total
38.3Below Average

Financial Data

More Stock Analysis

How is the CRC UQS Score Calculated?

The UQS (Unified Quality Score) for California Resources Corporation is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.

Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.

Moat (25%) assesses California Resources Corporation's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.

Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.

Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.

Valuation (15%) measures whether California Resources Corporation is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.

Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.