How often does California Resources move more than the options market prices?

1 of the last 7 reports moved at least as far as the implied move.

CRCNYSECrude Petroleum & Natural Gas

California Resources Corp (CRC) earnings date, market-implied expected move, and options open interest by expiry

49.03

−2.35 · −4.57%

Regular session11:28 ET

Open51.40Volume1.0MMkt cap$4.7BEPS-1.26Div yield3.08%

Day49.03 – 51.800%52-wk42.35 – 70.9623%

CRC

California Resources Corp

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

No implied move.

Expected move

Inputs

Next report

Mar 1

before open · in 117 days

est.Q4 FY26

Calendar

Next report

Last report

−2.21%

shaded = implied · ▲▼ = realized

Nov 2 '26 · confirmed

Implied vs realized

Largest filed tie

filed ties

13F top-10 QoQ

−0.25%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

362 managers

Top fund weight

0.12%

CRC weight · IWM

N-PORTJun 30 '26

4 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

California Resources (CRC) is expected to report on Mar 1 before open (estimated date).

Implied vs realized

8 reports

1 of 7≥ implied

avg implied: ±18.4%
avg realized: ±3.2%

Q3 FY25Nov 4 '25confirmed±7.2%▼−0.81%×0.11

Q1 FY26Mar 11 '26confirmed±5.5%▲+1.93%×0.35

May 5 '26May 5 '26confirmed±5.3%▼−12.36%×2.32

Jun 16 '26Jun 16 '26confirmed±95.3%▼−0.60%×0.01

Q2 FY26Jul 14 '26confirmed±3.9%▼−1.91%×0.49

Aug 10 '26Aug 10 '26confirmed±8.2%▲+3.21%×0.39

Q3 FY26Oct 13 '26confirmed±3.5%▲+1.31%×0.37

Nov 2 '26Nov 2 '26confirmed—▼−2.21%—

quarterimplied−100%0+100%realized×

Nov '26—▼−2.21%—

Q3 FY26±3.5%▲+1.31%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 4 expiries · Nov 3 close

0.72OI · 4 expiries · Nov 3 closeP/C open interest · Apr 16 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

44+19%Nov 2016d0.43102+28%0.43

9890%Dec 1844d0.971,0220%0.97

2990%Jan 1572d1.731730%1.73

report · Mar 1 · before open · est.

107+5%Apr 16163d149+10%

ExpiryPutsCallsP/C

Nov 2016d44+19%102+28%0.43

Dec 1844d9890%1,0220%0.97

Jan 1572d2990%1730%1.73

report · Mar 1 · before open · est.

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

No implied move.

Linked exposure

Revenue flow

as filedQ3 FY26

−74.82%as filednet margin · revenue −67.54% QoQ · −50.76% YoY

Revenue$421M−67.54%

Gross profit$354M84.09%−71.50%

Operating income−$407M−96.67%−179.65%

Pre-tax income−$428M−193.45%

Net income−$315M−74.82%−161.28%

Cost of revenue$67M+21.82%

Operating expenses$761M+4.10%

Tax−$113M−101.79%

Other expense−$21M+60.38%

Source: SEC filings · standardized · QE Sep 30 '26 · bars = % of revenue

Revenue flow

Intraday

15m bars

Hatch = extended hours · ▯ up · ▮ downSource: market data · 11:15 ET

Intraday

Event sensitivity

NFP ×1.55· ±2.6% vs ±1.7% · 10 releases

eventrelease day|move|up · n×base

NFPjobs report±2.6%4 of 10×1.55

FOMCrate decision±2.5%12 of 24×1.48

PPIproducer prices±1.9%4 of 10×1.12

CPIconsumer prices±1.4%6 of 10×0.84

PCEpersonal income & outlays±1.1%8 of 19×0.66

GDPgross domestic product±0.9%10 of 19×0.57

CPROFcorporate profits±0.9%7 of 12×0.52

Bar = avg |move| to ±3% · tick = ±1.7% avg day · ×base = |move| ÷ ±1.7% · min 6 releases

Earnings history

EPS -3.55 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Oct 13 '26 · confirmed	-3.55	—
Q2 FY26	Jul 14 '26 · confirmed	5.76	—
Q1 FY26	Mar 11 '26 · confirmed	-8.02	—
Q3 FY25	Nov 4 '25 · confirmed	0.76	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod