California Resources Corp
CRC · Crude Petroleum & Natural Gas · 88.8M shares · +10%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: $95M (gross $143M, SBC $48M)
Reference price $61.68 · est. market cap ~$5.5B — last insider sale, 2026-06-04 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C68California oil & gas producer with solid free cash flow and moderate leverage, but returns only modestly above median.
Strengths
- FCF $543M (69th pct), EBITDA 77th pct and moderate net-debt/EBITDA ~1.0x
- Carbon TerraVault CCS optionality plus accretive Berry/Aera mergers
Risks
- ROE ~9.9% (58th) and ROIC ~9.5% (68th) — good, not top-quartile
- Concentrated California regulatory/permitting and wildfire/earthquake exposure
Notable findings
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
16.3%
Net margin
9.9%
Return on equity
9.9%
Return on assets
4.9%
ROIC
9.5%
Revenue growth (QoQ)
-2.1%
Net-income growth
-3.5%
Debt / equity
0.3×
Net debt / EBITDA
1.0×
Current ratio
0.9×
Free cash flow
$543M
EBITDA
$1.1B
Tangible book value
$3.7B
Cash & investments
$132M
Stock comp / revenue
1.1%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-19 | Hayat Omar | Grant | 7.3K | — |
| 2026-06-19 | Hayat Omar | Tax withheld | 2.1K | $55.30 |
| 2026-06-19 | Hayat Omar | Tax withheld | 3.9K | $55.30 |
| 2026-06-04 | Bys Jay A. | Sell | 12K | $61.68 |
| 2026-05-12 | Preston Michael L. | Sell | 26K | $59.82 |
| 2026-05-08 | Hayat Omar | Tax withheld | 51 | $58.92 |
| 2026-05-08 | Hayat Omar | Grant | 173 | — |
| 2026-05-08 | Hayat Omar | Tax withheld | 94 | $58.92 |
| 2026-04-30 | McFarland Mark Allen | Grant | 3.1K | — |
| 2026-04-30 | Veltmann Alejandra | Grant | 3.1K | — |
| 2026-04-30 | Roby William B | Grant | 3.1K | — |
| 2026-04-30 | Kendall Christian S | Grant | 3.1K | — |
| 2026-04-30 | CHAPMAN JAMES N | Grant | 3.1K | — |
| 2026-04-30 | CEPAK TIFFANY THOM | Grant | 5.0K | — |
| 2026-04-30 | Bremner Andrew B. | Grant | 3.1K | — |
| 2026-03-12 | CANADA PENSION PLAN INVESTMENT BOARD | Sell | 3.5M | $61.10 |
| 2026-03-11 | Gould Christopher D. | Sell | 24K | $62.21 |
| 2026-03-09 | Hayat Omar | Sell | 23K | $65.87 |
| 2026-03-06 | McFarland Mark Allen | Sell | 16K | $64.83 |
| 2026-03-05 | Repetti Noelle M. | Sell | 8.6K | $63.71 |
| 2026-03-02 | Hayat Omar | Grant | 16K | — |
| 2026-03-02 | Repetti Noelle M. | Grant | 3.6K | — |
| 2026-03-02 | Preston Michael L. | Grant | 19K | — |
| 2026-03-02 | Leon Francisco | Grant | 44K | — |
| 2026-03-02 | Gould Christopher D. | Grant | 17K | — |
| 2026-03-02 | Crespy Clio C. | Grant | 17K | — |
| 2026-03-02 | Bys Jay A. | Grant | 16K | — |
| 2026-02-25 | Repetti Noelle M. | Tax withheld | 764 | $58.12 |
| 2026-02-25 | Preston Michael L. | Tax withheld | 4.1K | $58.12 |
| 2026-02-25 | Leon Francisco | Tax withheld | 9.3K | $58.12 |
| 2026-02-25 | Hayat Omar | Tax withheld | 3.5K | $58.12 |
| 2026-02-25 | Gould Christopher D. | Tax withheld | 3.1K | $58.12 |
| 2026-02-25 | Crespy Clio C. | Tax withheld | 3.4K | $58.12 |
| 2026-02-25 | Bys Jay A. | Tax withheld | 2.8K | $58.12 |
| 2026-02-23 | Repetti Noelle M. | Grant | 2.9K | — |
| 2026-02-23 | Repetti Noelle M. | Tax withheld | 2.5K | $58.15 |
| 2026-02-23 | Preston Michael L. | Grant | 14K | — |
| 2026-02-23 | Preston Michael L. | Tax withheld | 11K | $58.15 |
| 2026-02-23 | Leon Francisco | Grant | 27K | — |
| 2026-02-23 | Leon Francisco | Tax withheld | 23K | $58.15 |
| 2026-02-23 | Hayat Omar | Grant | 1.7K | — |
| 2026-02-23 | Hayat Omar | Tax withheld | 1.5K | $58.15 |
| 2026-02-23 | Gould Christopher D. | Grant | 13K | — |
| 2026-02-23 | Gould Christopher D. | Tax withheld | 9.3K | $58.15 |
| 2026-02-23 | Bys Jay A. | Grant | 13K | — |
| 2026-02-23 | Bys Jay A. | Tax withheld | 9.0K | $58.15 |
| 2026-02-22 | Bys Jay A. | Tax withheld | 2.6K | $59.22 |
| 2026-02-22 | Repetti Noelle M. | Tax withheld | 750 | $59.22 |
| 2026-02-22 | Preston Michael L. | Tax withheld | 3.5K | $59.22 |
| 2026-02-22 | Leon Francisco | Tax withheld | 7.0K | $59.22 |
| 2026-02-22 | Hayat Omar | Tax withheld | 3.0K | $59.22 |
| 2026-02-22 | Gould Christopher D. | Tax withheld | 2.9K | $59.22 |
| 2026-01-01 | Crespy Clio C. | Tax withheld | 4.9K | $44.71 |
| 2025-11-12 | Leon Francisco | Buy | 5.4K | $47.71 |
| 2025-11-12 | Roby William B | Buy | 467 | $47.62 |
| 2025-11-04 | Gould Christopher D. | Grant | 26K | — |
| 2025-11-04 | Crespy Clio C. | Grant | 42K | — |
| 2025-11-04 | Bys Jay A. | Grant | 26K | — |
| 2025-11-04 | Preston Michael L. | Grant | 48K | — |
| 2025-11-04 | Leon Francisco | Grant | 85K | — |
| 2025-11-04 | Hayat Omar | Grant | 42K | — |
| 2025-07-29 | Hayat Omar | Tax withheld | 10K | $50.22 |
| 2025-07-29 | Hayat Omar | Grant | 19K | — |
| 2025-06-19 | Hayat Omar | Tax withheld | 4.3K | $46.05 |
| 2025-05-08 | Hayat Omar | Tax withheld | 102 | $40.71 |
| 2025-05-02 | McFarland Mark Allen | Grant | 5.7K | — |
| 2025-05-02 | CHAPMAN JAMES N | Grant | 5.7K | — |
| 2025-05-02 | CEPAK TIFFANY THOM | Grant | 9.3K | — |
| 2025-05-02 | Bremner Andrew B. | Grant | 5.7K | — |
| 2025-05-02 | Saadati Bobby | Grant | 5.7K | — |
| 2025-05-02 | Jackson James Ross | Grant | 5.7K | — |
| 2025-05-02 | Kendall Christian S | Grant | 5.7K | — |
| 2025-05-02 | Veltmann Alejandra | Grant | 5.7K | — |
| 2025-05-02 | Roby William B | Grant | 5.7K | — |
| 2025-03-21 | CHAPMAN JAMES N | Buy | 17 | $44.49 |
| 2025-03-05 | CHAPMAN JAMES N | Buy | 2.0K | $39.42 |
| 2025-02-25 | Crespy Clio C. | Grant | 21K | — |
| 2025-02-25 | Bys Jay A. | Grant | 19K | — |
| 2025-02-25 | Leon Francisco | Grant | 52K | — |
| 2025-02-25 | Hayat Omar | Grant | 19K | — |
| 2025-02-25 | Repetti Noelle M. | Grant | 4.2K | — |
| 2025-02-25 | Gould Christopher D. | Grant | 21K | — |
| 2025-02-25 | Preston Michael L. | Grant | 23K | — |
| 2025-02-23 | Preston Michael L. | Tax withheld | 27K | $47.35 |
| 2025-02-23 | Repetti Noelle M. | Grant | 7.4K | — |
| 2025-02-23 | Repetti Noelle M. | Tax withheld | 5.8K | $47.35 |
| 2025-02-23 | Preston Michael L. | Grant | 34K | — |
| 2025-02-23 | Leon Francisco | Grant | 69K | — |
| 2025-02-23 | Leon Francisco | Tax withheld | 53K | $47.35 |
| 2025-02-23 | Hayat Omar | Grant | 4.4K | — |
| 2025-02-23 | Hayat Omar | Tax withheld | 3.5K | $47.35 |
| 2025-02-23 | Gould Christopher D. | Grant | 33K | — |
| 2025-02-23 | Gould Christopher D. | Tax withheld | 22K | $47.35 |
| 2025-02-23 | Bys Jay A. | Grant | 33K | — |
| 2025-02-23 | Bys Jay A. | Tax withheld | 21K | $47.35 |
| 2025-02-22 | Bys Jay A. | Tax withheld | 2.5K | $47.35 |
| 2025-02-22 | Hayat Omar | Tax withheld | 2.9K | $47.35 |
| 2025-02-22 | Preston Michael L. | Tax withheld | 3.4K | $47.35 |
| 2025-02-22 | Repetti Noelle M. | Tax withheld | 682 | $47.35 |
| 2025-02-22 | Leon Francisco | Tax withheld | 6.9K | $47.35 |
| 2025-02-22 | Gould Christopher D. | Tax withheld | 2.8K | $47.35 |
| 2025-01-01 | Crespy Clio C. | Grant | 26K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-26 | Material agreementDebt obligationExhibits | filing ↗ |
| 2026-06-16 | ResultsOtherExhibits | filing ↗ |
| 2026-06-16 | OtherExhibits | filing ↗ |
| 2026-05-05 | ResultsShareholder voteExhibits | filing ↗ |
| 2026-04-17 | Material agreementExhibits | filing ↗ |
| 2026-03-23 | Material agreementDebt obligationExhibits | filing ↗ |
| 2026-03-16 | Exec/director changeExhibits | filing ↗ |
| 2026-03-11 | OtherExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-26 | 2026-06-26 | 0001609253-26-000120 ↗ |
| 8-K | 2026-06-16 | 2026-06-16 | 0001609253-26-000114 ↗ |
| 8-K | 2026-06-16 | 2026-06-16 | 0001609253-26-000116 ↗ |
| 10-Q | 2026-05-06 | 2026-03-31 | 0001609253-26-000106 ↗ |
| 8-K | 2026-05-05 | 2026-04-30 | 0001609253-26-000102 ↗ |
| 8-K | 2026-04-17 | 2026-04-14 | 0001609253-26-000086 ↗ |
| 8-K | 2026-03-23 | 2026-03-23 | 0001609253-26-000084 ↗ |
| 8-K | 2026-03-16 | 2026-03-16 | 0001609253-26-000079 ↗ |
| 8-K | 2026-03-11 | 2026-03-11 | 0001609253-26-000073 ↗ |
| 8-K | 2026-03-11 | 2026-03-11 | 0001609253-26-000075 ↗ |
| 8-K | 2026-03-02 | 2026-03-02 | 0001609253-26-000049 ↗ |
| 10-K | 2026-03-02 | 2025-12-31 | 0001609253-26-000051 ↗ |