California Resources CorpCRCEarnings & Financial Report
California Resources Corporation is an American energy corporation engaged in hydrocarbon exploration in California. It is organized in Delaware and headquartered in Long Beach, California. Its mineral acreage holdings in California constitute the largest privately held position in the state.
CRC Q1 FY2026 Key Financial Metrics
Revenue
$119.0M
Gross Profit
N/A
Operating Profit
$-711.0M
Net Profit
N/A
Gross Margin
N/A
Operating Margin
-597.5%
Net Margin
N/A
YoY Growth
N/A
EPS
$-8.02
California Resources Corp Q1 FY2026 Financial Summary
California Resources Corp reported revenue of $119.0M for Q1 FY2026, with a net profit of N/A (N/A margin).
Key Financial Metrics
| Total Revenue | $119.0M |
|---|---|
| Net Profit | N/A |
| Gross Margin | N/A |
| Operating Margin | -597.5% |
| Report Period | Q1 FY2026 |
California Resources Corp Annual Revenue by Year
California Resources Corp annual revenue history includes year-by-year totals (for example, 2025 revenue was $2.9B).
California Resources Corp Quarterly Revenue & Net Profit History
California Resources Corp results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $119.0M | — | N/A | N/A |
| Q4 FY2025 | $679.0M | -17.8% | $12.0M | 1.8% |
| Q3 FY2025 | $715.0M | -17.8% | $64.0M | 9.0% |
| Q2 FY2025 | $702.0M | +70.4% | $172.0M | 24.5% |
| Q1 FY2025 | $814.0M | +89.7% | $115.0M | 14.1% |
| Q4 FY2024 | $826.0M | +71.0% | $33.0M | 4.0% |
| Q3 FY2024 | $870.0M | +70.6% | $345.0M | 39.7% |
| Q2 FY2024 | $412.0M | -7.8% | $8.0M | 1.9% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $412.0M | $870.0M | $826.0M | $814.0M | $702.0M | $715.0M | $679.0M | $119.0M |
| YoY Growth | -7.8% | 70.6% | 71.0% | 89.7% | 70.4% | -17.8% | -17.8% | N/A |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $4.49B | $7.13B | $7.13B | $6.83B | $6.71B | $6.75B | $7.40B | N/A |
| Liabilities | $2.44B | $3.63B | $3.60B | $3.31B | $3.31B | $3.31B | $3.73B | N/A |
| Equity | $2.05B | $3.50B | $3.54B | $3.52B | $3.41B | $3.44B | $3.67B | $2.92B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $97.0M | $220.0M | $206.0M | $186.0M | $165.0M | $279.0M | $235.0M | $99.0M |