California Resources Corporation (CRC) To Go Ex-Dividend on September 4th

California Resources Corporation (NYSE:CRC) declared a quarterly dividend on Monday, August 10th. Investors of record on Friday, September 4th will be given a dividend of 0.405 per share by the oil and gas producer on Friday, September 18th. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, September 4th.

California Resources has a payout ratio of 45.3% meaning its dividend is sufficiently covered by earnings. Analysts expect California Resources to earn $2.72 per share next year, which means the company should continue to be able to cover its $1.62 annual dividend with an expected future payout ratio of 59.6%.

California Resources Price Performance

NYSE CRC opened at $54.11 on Wednesday. The stock has a 50-day simple moving average of $53.88 and a 200 day simple moving average of $58.70. California Resources has a twelve month low of $43.24 and a twelve month high of $71.98. The stock has a market capitalization of $4.80 billion, a PE ratio of -39.79 and a beta of 0.93. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.47 and a current ratio of 0.55.

California Resources (NYSE:CRC) last released its earnings results on Monday, August 10th. The oil and gas producer reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.36 by ($0.37). The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $960.20 million. California Resources had a negative net margin of 3.79% and a positive return on equity of 9.87%. The business’s quarterly revenue was up 33.0% compared to the same quarter last year. During the same period last year, the business earned $1.10 EPS. Research analysts anticipate that California Resources will post 4.02 EPS for the current year.

More California Resources News

Here are the key news stories impacting California Resources this week:

• Positive Sentiment: CRC reported second-quarter revenue of approximately $1.30 billion, up 33% year over year and well above the roughly $960 million consensus estimate. Net income was $514 million, or $5.76 per diluted share, although the result included a non-cash gain from changes in commodity-derivative valuations. California Resources Corporation Reports Second Quarter 2026 Financial and Operating Results
• Positive Sentiment: The company agreed to acquire Crimson Midstream’s California pipeline platform for $63 million. The deal would expand CRC’s integrated production, transportation and storage network, potentially improving operational efficiency, lowering third-party infrastructure costs and supporting future carbon-capture-and-storage (CCS) projects. CRC to acquire Crimson Midstream’s California pipeline platform
• Positive Sentiment: Management highlighted midstream expansion, production efficiency and its CCS strategy as longer-term growth drivers. CRC produced an average 149 thousand barrels of oil equivalent per day, with oil representing 81%, and ended the quarter with $1.322 billion of liquidity.
• Positive Sentiment: CRC maintained its 2026 total capital-spending guidance of $520 million to $560 million while reducing expected drilling, completion and workover spending to $370 million to $390 million. The company also declared a quarterly dividend of $0.405 per share, equivalent to an annualized yield of about 3%. CRC’s Q2 Beat, CCS Push and Pipeline Deal Might Change The Case For Investing In California Resources
• Neutral Sentiment: The acquisition and CCS initiatives could strengthen CRC’s strategic position, but investors will likely focus on execution, commodity prices and whether infrastructure investments generate sufficient returns.
• Negative Sentiment: Adjusted quarterly EPS was $0.99, below consensus estimates ranging from $1.31 to $1.36 and down from $1.10 a year earlier. This earnings shortfall helps explain the pressure on the stock despite the substantial revenue beat. California Resources Corporation Q2 Earnings Lag Estimates
• Negative Sentiment: Reported insider activity has been heavily weighted toward sales, including a 3.5-million-share disposal by the Canada Pension Plan Investment Board and additional sales by company executives. While not necessarily predictive, the activity may weigh on sentiment.

About California Resources

California Resources Corporation (NYSE: CRC) is an independent exploration and production company focused exclusively on developing oil and natural gas assets in California. Headquartered in Newport Beach, the company engages in hydraulic fracturing, well completions, reservoir management and enhanced recovery operations to produce crude oil, natural gas and natural gas liquids.

CRC’s operations are concentrated in three core regions: the Los Angeles Basin, the Ventura Basin and the San Joaquin Basin.