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California Resources (CRC) guidance and outlook
California Resources (CRC) gave its guidance on Nov 2, 2026: Net income $315M for FY2027; Net income $104M for FY2027; Capital expenditures $1.0M for FY2027; Free cash flow $450M–$475M for FY2027. California Resources' 10-Q filed Nov 3, 2026 makes 28 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Net income | FY2027 | $315M | new |
| Net income | FY2027 | $104M | new |
| Capital expenditures | FY2027 | $1.0M | new |
| Free cash flow | FY2027 | $450M–$475M | new |
| Revenue | FY2027 | +91% to +93% | new |
| Tax rate | FY2027 | 27%–31% | new |
From the earnings release filed Nov 2, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 3, 2026
- We are also focused on maximizing the value of our land, mineral ownership, and energy expertise for decarbonization by developing carbon capture and storage (CCS) and other emissions-reducing projects.
- We expect oil prices to remain volatile as these geopolitical circumstances continue to evolve.
- We expect these prices to impact our full year 2026 costs by approximately $10 million.
- We also expect higher energy prices to continue to affect our results in 2027.
- Until this matter is resolved or additional transportation capacity becomes available, we expect reduced capacity on this pipeline segment to continue to negatively impact our realizations and transportation costs.
- We do not expect this settlement to materially affect our future price realizations or volumes sold.
- We continue to dispute the validity of the force majeure claim made by the other counterparty and expect to submit the dispute to arbitration later this year.
- The litigation challenges Kern County’s certification of the revised environmental impact report (REIR) prepared under CEQA for our Carbon TerraVault I CCS project at our Elk Hills field, and the County’s related approval of the project.
- This REIR underlies our CTV I project and impacts the CEQA analysis for the potential CalCapture project.
- However, we are developing multiple other CTV projects that do not rely on this REIR.
- We intend to aggressively pursue legal actions to protect and advance our CTV I project; however, we can provide no assurances that we will be successful in these efforts.
- We currently expect the EPA to issue draft permits for certain of these projects by year-end 2026; however, the timing remains uncertain, and we cannot provide assurances as to if or when the permits will be issued.
California Resources' latest quarter
California Resources, Q3 2026: revenue $421M (-51% year over year), operating margin -96.7%, net loss $315M, operating cash flow $305M. The chart follows the revenue to costs, profit and cash.
Questions
Did California Resources raise or lower its guidance?
California Resources (CRC) gave its guidance on Nov 2, 2026: Net income $315M for FY2027; Net income $104M for FY2027; Capital expenditures $1.0M for FY2027; Free cash flow $450M–$475M for FY2027.
What does California Resources expect?
We are also focused on maximizing the value of our land, mineral ownership, and energy expertise for decarbonization by developing carbon capture and storage (CCS) and other emissions-reducing projects. We expect oil prices to remain volatile as these geopolitical circumstances continue to evolve. We expect these prices to impact our full year 2026 costs by approximately $10 million.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.