California Resources Corporation (CRC) reported second-quarter 2026 net income of $514 million, or $5.76 per diluted share, on total operating revenues of $1.297 billion. The company said results included a non-cash gain from changes in the fair value of outstanding commodity derivatives.
CRC also announced a definitive agreement to acquire Crimson Midstream Holdings for $63 million in cash, subject to customary adjustments, and declared a quarterly cash dividend of $0.405 per share.
- Average net production was 149 MBoe/d, with oil representing 81%.
- Net cash provided by operating activities was $263 million.
- Capital investments totaled $149 million in the quarter.
- CRC ended June 30, 2026, with $1.322 billion of liquidity, including $43 million in available cash and cash equivalents.
- The company reaffirmed full-year 2026 total capital guidance of $520 million to $560 million.
- CRC reduced expected 2026 drilling, completions and workover capital guidance to $370 million to $390 million.
$CRC Insider Trading Activity
$CRC insiders have traded $CRC stock on the open market 7 times in the past 6 months. Of those trades, 0 have been purchases and 7 have been sales.
Here’s a breakdown of recent trading of $CRC stock by insiders over the last 6 months:
- PENSION PLAN INVESTMENT BOARD CANADA sold 3,500,000 shares for an estimated $213,850,000
- OMAR HAYAT (EVP & Chief Operating Officer) sold 23,000 shares for an estimated $1,514,977
- CHRISTOPHER D. GOULD (EVP & Chief Sustainability Off) sold 24,347 shares for an estimated $1,514,687
- JAY A. BYS (EVP & Chief Commercial Officer) has made 0 purchases and 2 sales selling 23,814 shares for an estimated $1,377,401.
- MARK ALLEN MCFARLAND sold 16,372 shares for an estimated $1,061,400
- NOELLE M. REPETTI (Senior VP and Controller) sold 8,564 shares for an estimated $545,590
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$CRC Hedge Fund Activity
We have seen 184 institutional investors add shares of $CRC stock to their portfolio, and 165 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CANADA PENSION PLAN INVESTMENT BOARD removed 3,500,000 shares (-33.3%) from their portfolio in Q1 2026, for an estimated $242,270,000
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 905,777 shares (+inf%) to their portfolio in Q1 2026, for an estimated $62,697,883
- CITADEL ADVISORS LLC added 698,720 shares (+57.9%) to their portfolio in Q1 2026, for an estimated $48,365,398
- MORGAN STANLEY added 461,268 shares (+71.6%) to their portfolio in Q1 2026, for an estimated $31,928,970
- BLACKROCK, INC. removed 394,744 shares (-3.2%) from their portfolio in Q2 2026, for an estimated $20,870,115
- PRIVATE MANAGEMENT GROUP INC removed 363,114 shares (-41.8%) from their portfolio in Q2 2026, for an estimated $19,197,837
- UBS GROUP AG removed 362,667 shares (-24.7%) from their portfolio in Q1 2026, for an estimated $25,103,809
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
