Earnings Summary

California Resources Corp’s revenue fell -47.25% since last year same period to $518Mn in the Q1 2024. On a quarterly growth basis, California Resources Corp has generated -14.66% fall in its revenue since last 3-months.

California Resources Corp’s net profit fell -103.32% since last year same period to $-10Mn in the Q1 2024. On a quarterly growth basis, California Resources Corp has generated -105.32% fall in its net profits since last 3-months.

California Resources Corp’s net profit margin fell -106.3% since last year same period to -1.93% in the Q1 2024. On a quarterly growth basis, California Resources Corp has generated -106.23% fall in its net profit margins since last 3-months.

California Resources Corp’s price-to-earnings ratio after this Q1 2024 earnings stands at 14.29.

California Resources Corp’s earning per share (EPS) estimates for the current quarter stand at 0.72 - a 14.29% jump from last quarter’s estimates.

California Resources Corp’s earning per share (EPS) estimates for the current year stand at 0.72.

California Resources Corp’s earning per share (EPS) fell -71.48% since last year same period to 0.75 in the Q1 2024. This indicates that the California Resources Corp has generated -71.48% annual rate of fall in its earning per share (EPS) in the last 4 quarters.

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. California Resources Corp’s return on assets (ROA) stands at 0.04.

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. California Resources Corp’s return on equity (ROE) stands at 0.12.

California Resources Corp declared 0.31 dividend per share during the earnings announcement for Q1 2024.