Oil and gas producer California Resources (NYSE: CRC) will be reporting earnings this Tuesday afternoon. Here’s what to expect.

California Resources met analysts’ revenue expectations last quarter, reporting revenues of $798 million, down 13.8% year on year. It was a softer quarter for the company, with a significant miss of analysts’ EBITDA estimates and a significant miss of analysts’ EPS estimates. It reported 109,000 oil production per day, down 2.7% year on year.

Is California Resources a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting California Resources’s revenue to grow 6% year on year, slowing from the 72.6% increase it recorded in the same quarter last year.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. California Resources has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at California Resources’s peers in the upstream & integrated segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Solaris Energy Infrastructure delivered year-on-year revenue growth of 55.3%, beating analysts’ expectations by 6.8%, and Weatherford reported a revenue decline of 3.4%, topping estimates by 0.6%. Solaris Energy Infrastructure traded up 5.4% following the results while Weatherford was also up 1.4%.

Read our full analysis of Solaris Energy Infrastructure’s results here and Weatherford’s results here.

There has been positive sentiment among investors in the upstream & integrated segment, with share prices up 4.1% on average over the last month. California Resources’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $81.17 (compared to the current share price of $68.37).

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