California Resources Corporation (CRC)

CRC Income Statement

Revenue, expenses, and profitability analysis

CRC Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Revenue	3.537B	967.000M	871.000M	878.000M	821.000M	906.000M	926.000M	997.000M	509.000M
Cost of Goods Sold	2.199B	579.000M	562.000M	541.000M	517.000M	556.000M	579.000M	558.000M	296.000M
Gross Profit	1.338B	388.000M	309.000M	337.000M	304.000M	350.000M	347.000M	439.000M	213.000M
Gross Profit Margin	40.1%	40.1%	35.5%	38.4%	37.0%	38.6%	37.5%	44.0%	41.8%
Total Operating Expenses	606.000M	173.000M	150.000M	157.000M	126.000M	143.000M	163.000M	191.000M	102.000M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	605.000M	106.000M	333.000M	87.000M	79.000M	72.000M	95.000M	106.000M	63.000M
Operating Income (EBIT)	732.000M	215.000M	159.000M	180.000M	178.000M	207.000M	184.000M	248.000M	111.000M
Operating Margin	22.2%	22.2%	18.3%	20.5%	21.7%	22.8%	19.9%	24.9%	21.8%
Income Before Tax (EBT)	-420.000M	-760.000M	23.000M	75.000M	242.000M	162.000M	41.000M	483.000M	11.000M
Interest Income	-6.000M	—	-11.000M	—	5.000M	6.000M	2.000M	7.000M	10.000M
Interest Expense	108.000M	29.000M	29.000M	25.000M	25.000M	27.000M	28.000M	29.000M	17.000M
Other Income/Expense	-1.152B	-975.000M	-136.000M	-105.000M	64.000M	-45.000M	-143.000M	235.000M	-100.000M
Net Income	-463.000M	-711.000M	12.000M	64.000M	172.000M	115.000M	33.000M	345.000M	8.000M
Income Tax Expense	43.000M	-49.000M	11.000M	11.000M	70.000M	47.000M	8.000M	138.000M	3.000M
Net Profit Margin	-73.5%	-73.5%	1.4%	7.3%	21.0%	12.7%	3.6%	34.6%	1.6%
EBITDA	313.000M	-571.000M	210.000M	251.000M	423.000M	349.000M	242.000M	683.000M	94.000M
EBITDA Margin	-59.0%	-59.0%	24.1%	28.6%	51.5%	38.5%	26.1%	68.5%	18.5%
Depreciation & Amortization	625.000M	160.000M	158.000M	151.000M	156.000M	160.000M	173.000M	171.000M	66.000M
EPS Basic	-5.19	-8.02	0.14	0.76	1.93	1.27	0.36	3.86	0.12
EPS Diluted	-5.20	-8.02	0.14	0.76	1.92	1.26	0.36	3.78	0.11
Shares Outstanding	88.700M	88.700M	87.000M	84.211M	89.000M	90.600M	90.800M	89.400M	68.100M
Diluted Shares Outstanding	88.700M	88.700M	87.400M	84.400M	89.400M	91.200M	92.200M	91.200M	70.000M

CRC Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	3.604B	2.957B	2.813B	3.258B	2.565B	1.609B	2.693B	3.063B
Cost of Goods Sold	2.176B	1.755B	1.487B	1.520B	1.318B	1.206B	1.431B	1.475B
Gross Profit	1.428B	1.202B	1.326B	1.738B	1.247B	403.000M	1.262B	1.588B
Gross Profit Margin	39.6%	40.6%	47.1%	53.3%	48.6%	25.0%	46.9%	51.8%
Total Operating Expenses	576.000M	551.000M	432.000M	384.000M	345.000M	396.000M	411.000M	448.000M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	571.000M	321.000M	267.000M	222.000M	200.000M	252.000M	290.000M	299.000M
Operating Income (EBIT)	852.000M	651.000M	894.000M	1.354B	902.000M	7.000M	851.000M	1.140B
Operating Margin	23.6%	22.0%	31.8%	41.6%	35.2%	0.4%	31.6%	37.2%
Income Before Tax (EBT)	502.000M	516.000M	748.000M	761.000M	229.000M	1.871B	100.000M	429.000M
Interest Income	—	26.000M	40.000M	23.000M	—	217.000M	—	—
Interest Expense	106.000M	87.000M	56.000M	53.000M	54.000M	217.000M	383.000M	379.000M
Other Income/Expense	-350.000M	-135.000M	-146.000M	-593.000M	-673.000M	1.864B	-751.000M	0.00
Net Income	363.000M	376.000M	564.000M	524.000M	612.000M	1.882B	-28.000M	328.000M
Income Tax Expense	139.000M	140.000M	184.000M	237.000M	-396.000M	0.00	1.000M	101.000M
Net Profit Margin	10.1%	12.7%	20.0%	16.1%	23.9%	117.0%	-1.0%	10.7%
EBITDA	1.233B	1.078B	1.075B	1.055B	546.000M	2.450B	997.000M	1.353B
EBITDA Margin	34.2%	36.5%	38.2%	32.4%	21.3%	152.3%	37.0%	44.2%
Depreciation & Amortization	625.000M	475.000M	271.000M	241.000M	263.000M	362.000M	514.000M	545.000M
EPS Basic	4.17	4.74	8.10	6.94	7.46	22.59	-0.57	6.77
EPS Diluted	4.15	4.62	7.78	6.75	7.37	22.59	-0.57	6.77
Shares Outstanding	87.000M	79.300M	69.600M	75.500M	82.000M	83.320M	49.000M	47.400M
Diluted Shares Outstanding	87.400M	81.400M	72.500M	77.600M	83.000M	83.320M	49.200M	47.400M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About California Resources Corporation

California Resources Corporation functions as an independent enterprise primarily engaged in oil and natural gas ventures. Its operations encompass the full spectrum from exploration and extraction of crude oil, natural gas, and natural gas liquids, through their collection and processing, to their ultimate marketing. These energy products are supplied to various clients, including energy marketers, refineries located in California, and other purchasers who possess the necessary transport and storage infrastructure. As of December 31, 2021, the company held rights to approximately 1.9 million net mineral acres, with its proven reserves estimated at 480 million barrels of oil equivalent (BOE). Additionally, the firm also produces and supplies electricity to both the local utility and the broader power grid. Established in 2014, the corporation is headquartered in Santa Clarita, California.

Long Beach, CA

1,550 employees

www.crc.com

Energy / Oil & Gas Exploration & Production

Sector: Energy
Industry: Oil & Gas Exploration & Production
CEO: Francisco J. Leon

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