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.
Revenue
$412.0M
Gross Profit
N/A
Operating Profit
$38.0M
Net Profit
$8.0M
Gross Margin
N/A
Operating Margin
9.2%
Net Margin
1.9%
YoY Growth
-7.8%
EPS
$0.11
California Resources Corp Q2 FY2024 Financial Summary
California Resources Corp reported revenue of $412.0M (down 7.8% YoY) for Q2 FY2024, with a net profit of $8.0M (down 91.8% YoY) (1.9% margin).
Key Financial Metrics
| Total Revenue | $412.0M |
|---|---|
| Net Profit | $8.0M |
| Gross Margin | N/A |
| Operating Margin | 9.2% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
California Resources Corp Q2 FY2024 revenue of $412.0M breaks down across 4 segments, led by Oil And Condensate at $353.0M (85.7% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Oil And Condensate | $353.0M | 85.7% |
| Sale Of Electricity | $36.0M | 8.7% |
| Natural Gas Production | $14.0M | 3.4% |
| Other | $10.0M | 2.4% |
California Resources Corp Revenue by Segment — Quarterly Trend
California Resources Corp revenue by segment across the last 4 reported quarters, showing how each business line (such as Oil And Condensate and Sale Of Electricity) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Oil And Condensate | — | — | $653.0M | $644.0M |
| Natural Gas Production | — | $26.0M | $26.0M | $19.0M |
| Other | — | $7.0M | $4.0M | $5.0M |
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).
| Year | Annual Revenue |
|---|---|
| 2025 | $2.9B |
| 2024 | $2.5B |
| 2023 | $2.2B |
| 2022 | $2.6B |
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 |