California Resources Corporation (CRC) Announces Mixed Results for Q4 2025

Core Insights - California Resources Corporation (CRC) is recognized as one of the 14 best oil and gas dividend stocks to buy currently [1] Financial Performance - CRC reported mixed results for Q4 2025, with adjusted earnings of $0.47 per share, missing estimates by $0.03, while revenue grew over 5% year-over-year to $924 million, exceeding expectations by more than $134 million [2] - The company achieved a net production of 138,000 barrels of oil equivalent per day (boed) for the full year 2025, representing a 25% increase compared to the previous year [3] - CRC generated free cash flow of $543 million for the year, the highest since 2021, driven by strong base performance, cost reductions, and higher resource adequacy payments [4] Future Outlook - The company aims to grow its net production by 12% year-over-year to 155,000 boed in FY 2026, with oil accounting for approximately 81% of volumes [5] - CRC expects to generate around $1 billion of adjusted EBITDAX at a Brent price of $65 this year [5]