California Resources Corporation - Ordinary Shares - New

NYSE:CRC   3:59:54 PM EDT
41.00
+0.29 (+0.71%)
Earnings Announcements

California Resources Reports Qtrly Loss Of $2.23 Per Share

Published: 05/05/2022 11:31 GMT
California Resources Corporation - Ordinary Shares - New (CRC) - California Resources Reports First Quarter 2022 Results, Increases and Extends Its Share Repurchase Program, Raises 2022 Guidance and Provides an Update on Its Carbon Management Business.
Increasing Full Year 2022 Production, Adjusted EBITDAx and Free Cash Flow Guidance.
Qtrly Loss of $2.23 per Diluted Share.
Qtrly Adjusted Earnings per Share $1.13.
Increasing Its 2022 Capital Program to a Range of $340 to $385 Million From $330 Million to $375 Million.
Produced Average of 88,000 Net Barrels of Oil Equivalent (boe) per Day, Including 56,000 Barrels per Day of Oil in Q1.
Qtrly Total Operating Revenues $153 Million Versus $363 Million.
Q1 Earnings per Share View $1.26, Revenue View $468.6 Million -- Refinitiv Ibes Data (analyst estimates).
Revenue is expected to be $543.38 Million
Adjusted EPS is expected to be $1.59

Next Quarter Revenue Guidance is expected to be $547.89 Million
Next Quarter EPS Guidance is expected to be $1.65

More details on our Analysts Page.