California Resources Corporation (NYSE:CRC) Declares Dividend Increase – $0.42 Per Share

California Resources Corporation (NYSE:CRC) declared a quarterly dividend on Monday, November 2nd. Stockholders of record on Friday, December 4th will be given a dividend of $0.42 per share by the oil and gas producer on Friday, December 18th. This represents a $1.68 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Friday, December 4th. This is a 3.7% increase from California Resources’s previous quarterly dividend of $0.4050.

California Resources has a payout ratio of 45.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect California Resources to earn $3.51 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 46.2%.

California Resources Stock Performance

Shares of CRC stock traded down $0.09 during trading hours on Tuesday, reaching $52.45. The stock had a trading volume of 452,743 shares, compared to its average volume of 880,870. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.66 and a quick ratio of 0.56. California Resources has a twelve month low of $43.24 and a twelve month high of $71.98. The firm has a 50-day simple moving average of $53.61 and a 200-day simple moving average of $56.95. The firm has a market capitalization of $4.66 billion, a PE ratio of -38.61 and a beta of 1.02.

California Resources (NYSE:CRC) last posted its earnings results on Monday, November 2nd. The oil and gas producer reported $1.17 EPS for the quarter, topping the consensus estimate of $1.00 by $0.17. California Resources had a negative net margin of 3.79% and a positive return on equity of 9.82%. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $967.71 million. During the same quarter in the prior year, the firm earned $1.46 EPS. California Resources’s quarterly revenue was up .4% on a year-over-year basis. As a group, equities analysts forecast that California Resources will post 4.30 earnings per share for the current year.

California Resources News Roundup

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

• Positive Sentiment: Adjusted earnings exceeded expectations. CRC reported third-quarter adjusted EPS of $1.17, above the $1.00 FactSet consensus and the $0.94 Zacks estimate. The result provides near-term support for the stock despite earnings declining from $1.46 in the year-earlier quarter. CRC third-quarter adjusted EPS report
• Positive Sentiment: CRC raised its quarterly dividend by 4% and increased production. Net production grew 2% sequentially, signaling improved operating momentum and reinforcing the company’s shareholder-return appeal. CRC third-quarter 2026 results
• Positive Sentiment: Carbon TerraVault signed an MOU with Bloom Energy (NYSE: BE). The companies will evaluate at least 1 gigawatt of fuel-cell power paired with carbon capture and storage in California. The agreement could create a longer-term growth opportunity for CRC’s carbon-management business, although it is not yet a binding project commitment. CRC and Bloom Energy collaboration
• Positive Sentiment: Management is sharpening its California focus. CRC highlighted the Uinta Basin sale and completion of its Crimson Midstream acquisition, while Carbon TerraVault submitted an EPA Class VI permit application covering approximately 57 million metric tons of storage capacity. Carbon TerraVault third-quarter update
• Neutral Sentiment: Valuation commentary remains favorable but cautious. Some analysts describe CRC as inexpensive, while investors continue to weigh its roughly $4.7 billion market value, trading below its 50-day and 200-day moving averages, against execution and commodity-price risks. CRC valuation analysis
• Negative Sentiment: Profitability trends remain a concern. Although adjusted EPS beat estimates, earnings fell year over year, and CRC reported a negative net margin. Revenue growth was limited, leaving investors focused on whether the company’s strategic transactions and carbon projects can generate durable growth. CRC third-quarter earnings and revenue report

California Resources Company Profile

California Resources Corporation (NYSE: CRC) is an independent energy company focused on the exploration, development and production of oil and natural gas in California. Its operations are concentrated in the state’s San Joaquin and Los Angeles basins, where the company produces crude oil, natural gas and natural gas liquids for industrial, commercial and transportation markets.

In addition to conventional oil and gas production, California Resources is developing carbon-management projects through its Carbon TerraVault business.