What is California Resources' operating income?

California Resources' total operating income in 2025 was $598 million, based on the following breakdown: Total Gross Profit: $3.37 billion Total Operating Expenses: $2.77 billion

California Resources (CRC) Financials

$53.31 +0.56 (+1.06%)

Closing price 08/14/2026 03:59 PM Eastern

Extended Trading

$53.40 +0.10 (+0.18%)

As of 08/14/2026 07:56 PM Eastern

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Annual Income Statements for California Resources

This table shows California Resources' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2021	2022	2023	2024	2025
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-1,434	-3,554	279	-266	328	-28	612	524	564	376	363
Consolidated Net Income / (Loss)	-1,434	-3,554	279	-262	429	99	625	524	564	376	363
Net Income / (Loss) Continuing Operations	-1,434	-3,554	279	-262	424	99	625	524	564	376	363
Total Pre-Tax Income	-2,421	-5,476	201	-262	429	100	229	761	748	516	502
Total Operating Income	-2,349	-5,142	-293	73	769	429	293	812	808	620	598
Total Gross Profit	4,173	2,403	1,547	2,006	2,717	2,325	1,546	2,205	2,407	2,884	3,370
Total Revenue	4,173	2,403	1,547	2,006	3,064	2,634	1,889	2,707	2,801	3,198	3,669
Operating Revenue	4,178	2,270	1,753	2,096	3,063	2,693	2,565	3,258	2,813	2,957	3,403
Other Revenue	-5.00	133	-206	-90	1.00	-59	-676	-551	-12	241	266
Total Cost of Revenue	0.00	0.00	0.00	0.00	347	309	343	502	394	314	299
Operating Cost of Revenue	-	-	-	-	347	309	343	502	394	314	299
Total Operating Expenses	6,522	7,545	1,840	1,912	1,943	1,896	1,253	1,393	1,599	2,264	2,772
Selling, General & Admin Expense	509	354	235	249	299	290	200	222	267	321	333
Marketing Expense	1,057	951	800	876	912	895	705	785	822	966	1,252
Depreciation Expense	1,198	1,004	559	544	502	471	213	198	225	388	511
Other Operating Expenses / (Income)	217	348	223	242	201	211	224	245	314	586	616
Impairment Charge	3,402	4,852	-	-	0.00	0.00	28	2.00	3.00	14	59
Other Special Charges / (Income)	-	0.00	-	-21	-5.00	0.00	-124	-59	-32	-11	1.00
Total Other Income / (Expense), net	-72	-334	494	-356	-345	-329	-64	-51	-60	-104	-96
Interest Expense	72	326	328	343	322	257	56	53	57	92	107
Interest & Investment Income	-	-	-	-	-	-	0.00	-1.00	-9.00	-10	-4.00
Other Income / (Expense), net	0.00	-8.00	822	-13	-23	-72	-8.00	3.00	6.00	-2.00	15
Income Tax Expense	-987	-1,922	-78	0.00	0.00	1.00	-396	237	184	140	139
Basic Earnings per Share	($37.54)	($92.79)	$6.76	($6.26)	$6.77	($0.57)	$7.46	$6.94	$8.10	$4.74	$4.17
Weighted Average Basic Shares Outstanding	382.40M	38.30M	41.30M	42.50M	48.40M	49M	82M	75.50M	69.60M	79.30M	87M
Diluted Earnings per Share	($37.54)	($92.79)	$6.76	($6.26)	$6.77	($0.57)	$7.37	$6.75	$7.78	$4.62	$4.15
Weighted Average Diluted Shares Outstanding	382.40M	38.30M	41.30M	42.50M	48.40M	49M	83M	77.60M	72.50M	81.40M	87.40M
Weighted Average Basic & Diluted Shares Outstanding	382.40M	38.30M	41.30M	42.50M	48.40M	49.18M	78.74M	71.49M	69.27M	90.78M	88.60M
Cash Dividends to Common per Share	$0.00	$0.30	-	-	-	-	$0.17	$0.79	$1.16	$1.40	$1.57

This table shows California Resources' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	188	-10	8.00	345	33	115	172	64	12	-711	514
Consolidated Net Income / (Loss)	188	-10	8.00	345	33	115	172	64	12	-711	514
Net Income / (Loss) Continuing Operations	188	-10	8.00	345	33	115	172	64	12	-711	514
Total Pre-Tax Income	267	-19	11	483	41	162	242	75	23	-760	458
Total Operating Income	283	-4.00	38	518	68	186	267	98	47	-711	511
Total Gross Profit	648	372	440	1,278	794	832	912	781	845	65	1,242
Total Revenue	726	454	514	1,353	877	912	978	855	924	119	1,297
Operating Revenue	607	525	509	997	926	912	821	878	798	119	1,297
Total Cost of Revenue	78	82	74	75	83	80	66	74	79	54	55
Operating Cost of Revenue	78	82	74	75	83	80	66	74	79	54	55
Total Operating Expenses	365	376	402	760	726	646	645	683	798	776	731
Selling, General & Admin Expense	66	57	63	106	95	72	79	87	95	106	97
Marketing Expense	186	176	156	311	323	316	295	316	325	365	347
Depreciation Expense	55	53	53	140	142	131	128	123	129	133	131
Other Operating Expenses / (Income)	85	96	118	203	171	126	143	154	192	172	158
Other Special Charges / (Income)	-25	-6.00	-1.00	0.00	-4.00	1.00	-	1.00	-	0.00	-2.00
Total Other Income / (Expense), net	-16	-15	-27	-35	-27	-24	-25	-23	-24	-49	-53
Interest Expense	14	13	17	34	28	28	25	25	29	50	56
Interest & Investment Income	-3.00	-3.00	-4.00	-2.00	-1.00	-1.00	0.00	-2.00	-1.00	-2.00	-2.00
Other Income / (Expense), net	1.00	1.00	-6.00	1.00	2.00	5.00	0.00	4.00	6.00	3.00	5.00
Income Tax Expense	79	-9.00	3.00	138	8.00	47	70	11	11	-49	-56
Basic Earnings per Share	$2.81	($0.14)	$0.12	$3.86	$0.90	$1.27	$1.93	$0.76	$0.21	($8.02)	$5.79
Weighted Average Basic Shares Outstanding	69.60M	69M	68.10M	89.40M	79.30M	90.60M	89M	83.70M	87M	88.70M	88.80M
Diluted Earnings per Share	$2.66	($0.14)	$0.11	$3.78	$0.87	$1.26	$1.92	$0.76	$0.21	($8.02)	$5.76
Weighted Average Diluted Shares Outstanding	72.50M	69M	70M	91.20M	81.40M	91.20M	89.40M	84.40M	87.40M	88.70M	89.30M
Weighted Average Basic & Diluted Shares Outstanding	69.27M	68.53M	67.88M	91.71M	90.78M	89.18M	83.68M	83.71M	88.60M	88.79M	88.82M

This table details how cash moves in and out of California Resources' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2021	2022	2023	2024	2025
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	14	-2.00	0.00	8.00	-3.00	0.00	277	2.00	189	-124	-240
Net Cash From Operating Activities	2,371	403	130	248	461	676	660	690	653	610	865
Net Cash From Continuing Operating Activities	2,371	403	130	248	461	676	660	690	653	610	865
Net Income / (Loss) Continuing Operations	-1,434	-3,554	279	-262	429	99	625	524	564	376	363
Consolidated Net Income / (Loss)	-1,434	-3,554	279	-262	429	99	625	524	564	376	363
Depreciation Expense	1,198	1,004	559	544	502	471	213	198	225	388	511
Non-Cash Adjustments To Reconcile Net Income	3,619	5,309	-448	137	-178	182	325	-201	-177	-128	47
Changes in Operating Assets and Liabilities, net	-1,012	-2,353	-189	-97	-216	-6.00	-503	169	41	-26	-56
Net Cash From Investing Activities	-2,312	-757	-61	-313	-1,156	-394	-161	-317	-175	-1,077	-725
Net Cash From Continuing Investing Activities	-2,312	-757	-61	-313	-1,156	-394	-161	-317	-175	-1,077	-725
Purchase of Property, Plant & Equipment	-2,089	-401	-75	-371	-690	-455	-194	-396	-190	-261	-322
Acquisitions	-292	-151	0.00	0.00	-547	-6.00	-52	0.00	0.00	-853	-440
Sale of Property, Plant & Equipment	0.00	0.00	20	33	18	164	67	80	32	15	8.00
Other Investing Activities, net	69	-205	-6.00	25	63	-97	18	-13	-17	22	29
Net Cash From Financing Activities	-45	352	-69	73	692	-282	-222	-371	-289	343	-380
Net Cash From Continuing Financing Activities	-45	352	-69	73	692	-282	-222	-371	-289	343	-380
Repayment of Debt	-225	-1,679	-2,291	-2,988	-2,849	-2,511	-628	0.00	-64	-351	-468
Repurchase of Common Equity	-	-	-	-	-	0.00	-148	-313	-143	-192	-377
Payment of Dividends	-335	-12	0.00	-8.00	-121	-151	-64	-59	-81	-113	-136
Issuance of Debt	6,515	2,035	2,218	2,970	2,823	2,330	616	0.00	0.00	918	613
Issuance of Common Equity	0.00	8.00	4.00	101	850	53	2.00	1.00	2.00	2.00	3.00
Other Financing Activities, net	-6,000	0.00	0.00	-2.00	-11	-3.00	0.00	0.00	-3.00	79	-15

This table details how cash moves in and out of California Resources' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Change in Cash & Equivalents	17	-93	628	-790	131	-158	-142	124	-64	-92	16
Net Cash From Operating Activities	131	87	97	220	206	186	165	279	235	99	263
Net Cash From Continuing Operating Activities	131	87	97	220	206	186	165	279	235	99	263
Net Income / (Loss) Continuing Operations	188	-10	8.00	345	33	115	172	64	12	-711	514
Consolidated Net Income / (Loss)	188	-10	8.00	345	33	115	172	64	12	-711	514
Depreciation Expense	55	53	53	140	142	131	128	123	129	133	131
Non-Cash Adjustments To Reconcile Net Income	-158	58	44	-326	96	-29	-85	100	61	875	-290
Changes in Operating Assets and Liabilities, net	46	-14	-8.00	61	-65	-31	-50	-8.00	33	-198	-92
Net Cash From Investing Activities	-42	-49	-33	-928	-67	-79	-51	-87	-508	-136	-153
Net Cash From Continuing Investing Activities	-42	-49	-33	-928	-67	-79	-51	-87	-508	-136	-153
Purchase of Property, Plant & Equipment	-70	-54	-34	-85	-88	-55	-56	-91	-120	-133	-149
Other Investing Activities, net	-4.00	-5.00	5.00	4.00	18	-24	4.00	3.00	46	-13	-4.00
Net Cash From Financing Activities	-72	-131	564	-82	-8.00	-265	-256	-68	209	-55	-94
Net Cash From Continuing Financing Activities	-72	-131	564	-82	-8.00	-265	-256	-68	209	-55	-94
Repayment of Debt	-51	0.00	-	-340	-8.00	-123	-	-151	-194	-587	-1,100
Payment of Dividends	-22	-21	-22	-34	-36	-35	-35	-32	-34	-36	-36
Issuance of Debt	-	-	-	298	-	0.00	-	150	463	592	1,043
Other Financing Activities, net	-	-53	2.00	37	93	-12	-	-1.00	-2.00	-14	-1.00

This table presents California Resources' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	7,053	6,354	6,207	7,158	6,958	3,074	3,846	3,967	3,998	7,135	7,403
Total Current Assets	438	425	483	640	491	329	753	864	929	1,024	938
Cash & Equivalents	12	12	20	17	17	28	305	307	496	372	132
Accounts Receivable	200	232	277	299	277	177	245	359	235	376	347
Inventories, net	58	58	56	69	67	61	60	60	72	90	106
Other Current Assets	168	123	130	255	130	63	121	133	113	176	353
Plant, Property, & Equipment, net	6,312	5,885	5,696	6,455	6,352	2,655	2,599	2,786	2,770	5,680	5,905
Plant, Property & Equipment, gross	20,996	20,915	21,260	22,523	22,889	2,689	2,845	3,228	3,437	6,738	7,523
Accumulated Depreciation	14,684	15,030	15,564	16,068	16,537	34	246	442	667	1,058	1,618
Total Noncurrent Assets	303	44	28	63	115	90	494	317	299	431	560
Long-Term Investments	-	-	-	-	-	-	0.00	13	19	86	111
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	0.00	396	164	132	73	76
Other Noncurrent Operating Assets	303	44	28	63	115	90	98	140	148	272	373
Total Liabilities & Shareholders' Equity	7,053	6,354	6,207	7,158	6,958	3,074	3,846	3,967	3,998	7,135	7,403
Total Liabilities	7,969	6,911	6,927	6,649	6,452	1,892	2,158	2,103	1,779	3,597	3,729
Total Current Liabilities	605	726	732	607	709	473	854	894	616	980	1,050
Accounts Payable	257	219	257	390	296	212	266	345	245	369	452
Accrued Expenses	222	407	475	217	313	211	297	298	366	611	556
Other Current Liabilities	-	-	-	-	-	50	270	246	-	-	42
Total Noncurrent Liabilities	7,364	6,185	6,195	6,042	5,743	1,419	1,304	1,209	1,163	2,617	2,679
Long-Term Debt	6,043	5,168	5,306	5,251	5,023	597	589	592	540	1,132	1,283
Asset Retirement Reserve & Litigation Obligation	-	-	-	-	-	547	438	432	422	995	913
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	-	-	-	-	-	0.00	113	154
Other Noncurrent Operating Liabilities	1,321	1,017	889	791	720	275	277	185	201	377	329
Total Equity & Noncontrolling Interests	-916	-557	-720	-247	-296	1,182	1,688	1,864	2,219	3,538	3,674
Total Preferred & Common Equity	-916	-557	-814	-361	-389	1,138	1,688	1,864	2,219	3,538	3,674
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-916	-557	-814	-361	-389	1,138	1,688	1,864	2,219	3,538	3,674
Common Stock	4,782	4,861	4,879	4,987	5,004	1,269	1,289	1,306	1,330	2,579	2,626
Retained Earnings	-5,683	-5,404	-5,670	-5,342	-5,370	-123	475	938	1,419	1,680	1,905
Treasury Stock	-	-	-	-	-	0.00	-148	-461	-604	-796	-944
Accumulated Other Comprehensive Income / (Loss)	-15	-14	-23	-6.00	-23	-8.00	72	81	74	75	87

This table presents California Resources' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026	6/30/2026
Total Assets	4,000	3,900	3,952	3,910	4,490	7,128	6,827	6,712	6,751	7,149	7,103
Total Current Assets	972	867	929	839	1,439	872	799	728	812	788	697
Cash & Equivalents	477	448	479	403	1,031	241	214	72	196	40	56
Accounts Receivable	279	212	269	258	236	359	351	328	312	461	351
Inventories, net	64	69	71	70	56	75	91	93	94	107	111
Other Current Assets	139	125	97	95	103	184	133	227	203	180	179
Plant, Property, & Equipment, net	2,764	2,745	2,722	2,793	2,773	5,836	5,618	5,560	5,530	5,904	5,923
Plant, Property & Equipment, gross	3,266	3,303	3,336	3,514	3,548	6,752	6,808	6,874	6,966	7,657	7,807
Accumulated Depreciation	502	558	614	721	775	916	1,190	1,314	1,436	1,753	1,884
Total Noncurrent Assets	264	288	301	278	278	420	410	424	409	457	483
Long-Term Investments	14	14	15	16	17	84	82	93	102	102	98
Noncurrent Deferred & Refundable Income Taxes	117	108	150	139	139	50	60	33	27	81	100
Other Noncurrent Operating Assets	133	166	136	123	122	286	268	298	280	274	285
Total Liabilities & Shareholders' Equity	4,000	3,900	3,952	3,910	4,490	7,128	6,827	6,712	6,751	7,149	7,103
Total Liabilities	1,908	1,790	1,902	1,817	2,438	3,627	3,311	3,305	3,308	4,231	3,701
Total Current Liabilities	717	582	694	594	593	897	961	928	917	1,441	1,055
Accounts Payable	260	206	224	251	248	351	340	329	316	472	389
Accrued Expenses	298	299	362	338	340	541	499	477	479	548	519
Other Current Liabilities	154	72	103	-	-	-	-	-	-	421	147
Total Noncurrent Liabilities	1,191	1,208	1,208	1,223	1,845	2,730	2,350	2,377	2,391	2,790	2,646
Long-Term Debt	592	593	589	541	1,161	1,131	888	888	889	1,310	1,281
Asset Retirement Reserve & Litigation Obligation	424	411	388	429	436	1,083	989	969	965	906	923
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	-	-	124	134	185	212	108	73
Other Noncurrent Operating Liabilities	175	204	231	253	248	392	339	335	325	466	369
Total Equity & Noncontrolling Interests	2,092	2,110	2,050	2,093	2,052	3,501	3,516	3,407	3,443	2,918	3,402
Total Preferred & Common Equity	2,092	2,110	2,050	2,093	2,052	3,501	3,516	3,407	3,443	2,918	3,402
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,092	2,110	2,050	2,093	2,052	3,501	3,516	3,407	3,443	2,918	3,402
Common Stock	1,312	1,318	1,325	1,296	1,303	2,480	2,581	2,360	2,366	2,627	2,637
Retained Earnings	1,219	1,295	1,253	1,387	1,374	1,683	1,759	1,897	1,927	1,159	1,634
Treasury Stock	-520	-584	-604	-662	-697	-739	-897	-922	-922	-954	-954
Accumulated Other Comprehensive Income / (Loss)	81	81	76	72	72	77	73	72	72	86	85

This table displays calculated financial ratios and metrics derived from California Resources' official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2021	2022	2023	2024	2025
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	83,711,931.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	83,711,931.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	4.34
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Net Operating Profit after Tax (NOPAT)	-1,644	-3,599	-407	51	769	425	800	559	609	452	432
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	22.77%	22.08%	9.67%	8.72%
Earnings before Interest and Taxes (EBIT)	-2,349	-5,150	529	60	746	357	285	815	814	618	613
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-1,151	-4,149	1,017	530	1,172	758	498	1,013	1,039	1,006	1,124
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-612	143	109	184	-408	556	0.00	394	509	-1,514	-80
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	8,957	5,215	4,699	4,566	5,743	5,612	1,971	2,136	2,236	4,202	4,714
Increase / (Decrease) in Invested Capital	-1,032	-3,742	-516	-133	1,177	-131	0.00	165	100	1,966	512
Book Value per Share	$2,611,000.00	($2.36)	($13.51)	($18.99)	($7.43)	($7.92)	$21.00	$25.37	$32.34	$38.58	$43.89
Tangible Book Value per Share	$2,611,000.00	($2.36)	($13.51)	($18.99)	($7.43)	($7.92)	$21.00	$25.37	$32.34	$38.58	$43.89
Total Capital	8,971	5,227	4,711	4,586	5,760	5,629	2,277	2,456	2,759	4,670	4,957
Total Debt	6,360	6,143	5,268	5,306	5,251	5,123	589	592	540	1,132	1,283
Total Long-Term Debt	6,360	6,043	5,168	5,306	5,251	5,023	589	592	540	1,132	1,283
Net Debt	6,346	6,131	5,256	5,286	5,234	5,106	284	272	25	674	1,040
Capital Expenditures (CapEx)	2,089	401	55	338	672	291	127	316	158	246	314
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-235	-79	-213	-269	16	-135	-406	-337	-183	-328	-244
Debt-free Net Working Capital (DFNWC)	-221	-67	-201	-249	33	-118	-101	-30	313	44	-112
Net Working Capital (NWC)	-221	-167	-301	-249	33	-218	-101	-30	313	44	-112
Net Nonoperating Expense (NNE)	-210	-45	-686	313	340	326	175	35	45	76	69
Net Nonoperating Obligations (NNO)	6,346	6,131	5,256	5,286	5,234	5,106	283	272	17	664	1,040
Total Depreciation and Amortization (D&A)	1,198	1,001	488	470	426	401	213	198	225	388	511
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($3.75)	($9.27)	$6.76	($6.26)	$6.77	($0.57)	$7.46	$6.94	$8.10	$4.74	$4.17
Adjusted Weighted Average Basic Shares Outstanding	385.64M	388.18M	42.54M	42.90M	48.65M	49.18M	82M	75.50M	69.60M	79.30M	87M
Adjusted Diluted Earnings per Share	($3.75)	($9.27)	$6.76	($6.26)	$6.77	($0.57)	$7.37	$6.75	$7.78	$4.62	$4.15
Adjusted Weighted Average Diluted Shares Outstanding	385.64M	388.18M	42.54M	42.90M	48.65M	49.18M	83M	77.60M	72.50M	81.40M	87.40M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	($6.26)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	385.64M	388.18M	42.54M	42.90M	48.65M	49.18M	78.74M	71.49M	69.27M	90.78M	88.60M
Normalized Net Operating Profit after Tax (NOPAT)	737	-203	-205	36	535	425	138	520	587	454	476
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-

This table displays calculated financial ratios and metrics derived from California Resources' official financial filings.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	83,711,931.00	88,794,901.00	88,819,893.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	83,711,931.00	88,794,901.00	88,819,893.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	0.14	-8.01	5.79
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.45%	-55.66%	-13.03%	194.13%	20.80%	100.88%	90.27%	-36.81%	-	-86.95%	32.62%
EBITDA Growth	87.29%	-88.89%	-58.74%	1,397.73%	-37.46%	544.00%	364.71%	-65.86%	-	-278.57%	63.80%
EBIT Growth	115.15%	-100.77%	-78.67%	4,425.00%	-75.35%	6,466.67%	734.38%	-80.35%	-	-470.68%	93.26%
NOPAT Growth	112.80%	-100.89%	-73.83%	3,623.81%	-72.53%	4,815.61%	586.66%	-77.40%	-	-476.94%	202.20%
Net Income Growth	126.51%	-103.32%	-91.75%	1,668.18%	-82.45%	1,250.00%	2,050.00%	-81.45%	-	-718.26%	198.84%
EPS Growth	168.69%	-103.42%	-91.85%	1,281.25%	-67.29%	1,000.00%	1,645.45%	-79.89%	-	-736.51%	200.00%
Operating Cash Flow Growth	14.91%	-71.94%	-10.19%	111.54%	57.25%	113.79%	70.10%	26.82%	-	-46.77%	59.39%
Free Cash Flow Firm Growth	239.11%	85.94%	130.09%	-2,305.37%	-2,025.40%	-7,484.53%	-1,930.66%	113.04%	-	80.66%	115.21%
Invested Capital Growth	4.68%	1.01%	-3.40%	101.17%	87.92%	91.21%	96.75%	-3.49%	-	-3.18%	6.72%
Revenue Q/Q Growth	57.83%	-37.47%	13.22%	163.23%	-35.18%	3.99%	7.24%	-12.58%	-	-87.12%	989.92%
EBITDA Q/Q Growth	670.45%	-85.25%	70.00%	675.29%	-67.83%	51.89%	22.67%	-43.04%	-	-415.93%	212.52%
EBIT Q/Q Growth	2,466.67%	-101.06%	1,166.67%	1,521.88%	-86.51%	172.86%	39.79%	-61.80%	-	-1,435.85%	172.88%
NOPAT Q/Q Growth	1,997.77%	-101.41%	1,087.01%	1,238.82%	-85.21%	141.24%	43.72%	-55.93%	-	-2,129.63%	215.23%
Net Income Q/Q Growth	954.55%	-105.32%	180.00%	4,212.50%	-90.43%	248.48%	49.57%	-62.79%	-	-6,025.00%	172.29%
EPS Q/Q Growth	931.25%	-105.26%	178.57%	3,336.36%	-76.98%	44.83%	52.38%	-60.42%	-	-3,919.05%	171.82%
Operating Cash Flow Q/Q Growth	25.96%	-33.59%	11.49%	126.80%	-6.36%	-9.71%	-11.29%	69.09%	-	-57.87%	165.66%
Free Cash Flow Firm Q/Q Growth	233.24%	-124.98%	517.89%	-1,829.12%	-6.66%	1.59%	-0.86%	112.31%	-	25.39%	179.32%
Invested Capital Q/Q Growth	4.63%	-1.30%	-2.27%	99.30%	-2.26%	0.43%	0.57%	-2.24%	-	-13.32%	10.84%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	89.26%	81.94%	85.60%	94.46%	90.54%	91.23%	93.25%	91.35%	-	54.62%	95.76%
EBITDA Margin	46.69%	11.01%	16.54%	48.71%	24.17%	35.31%	40.39%	26.32%	-	-483.19%	49.88%
Operating Margin	38.98%	-0.88%	7.39%	38.29%	7.75%	20.39%	27.30%	11.46%	-	-597.48%	39.40%
EBIT Margin	39.12%	-0.66%	6.23%	38.36%	7.98%	20.94%	27.30%	11.93%	-	-594.96%	39.78%
Profit (Net Income) Margin	25.90%	-2.20%	1.56%	25.50%	3.76%	12.61%	17.59%	7.49%	-	-597.48%	39.63%
Tax Burden Percent	70.41%	52.63%	72.73%	71.43%	80.49%	70.99%	71.07%	85.33%	-	93.55%	112.23%
Interest Burden Percent	94.01%	633.33%	34.38%	93.06%	58.57%	84.82%	90.64%	73.53%	-	107.34%	88.76%
Effective Tax Rate	29.59%	0.00%	27.27%	28.57%	19.51%	29.01%	28.93%	14.67%	-	0.00%	-12.23%
Return on Invested Capital (ROIC)	35.17%	-0.63%	5.28%	25.89%	6.20%	16.47%	24.98%	8.39%	-	-289.63%	32.21%
ROIC Less NNEP Spread (ROIC-NNEP)	27.37%	-7.58%	-11.95%	20.24%	-0.18%	12.31%	21.21%	5.78%	-	-312.42%	26.15%
Return on Net Nonoperating Assets (RNNOA)	1.94%	-0.38%	-0.65%	3.23%	-0.02%	1.79%	3.66%	1.25%	-	-90.90%	7.54%
Return on Equity (ROE)	37.11%	-1.00%	4.62%	29.12%	6.18%	18.27%	28.64%	9.64%	-	-380.53%	39.75%
Cash Return on Invested Capital (CROIC)	23.30%	12.41%	13.32%	-48.62%	-47.04%	-44.52%	-41.95%	14.37%	-	-1.81%	-7.37%
Operating Return on Assets (OROA)	27.51%	-0.37%	3.20%	21.10%	4.59%	14.26%	20.08%	6.23%	-	-244.86%	18.40%
Return on Assets (ROA)	18.21%	-1.24%	0.80%	14.02%	2.16%	8.59%	12.94%	3.91%	-	-245.90%	18.33%
Return on Common Equity (ROCE)	37.11%	-1.00%	4.62%	29.12%	6.18%	18.27%	28.64%	9.64%	-	-380.53%	39.75%
Return on Equity Simple (ROE_SIMPLE)	0.00%	12.09%	7.99%	15.17%	0.00%	14.25%	0.00%	0.00%	-	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	199	-2.80	28	370	55	132	190	84	25	-498	573
NOPAT Margin	27.45%	-0.62%	5.38%	27.35%	6.24%	14.48%	19.40%	9.78%	-	-418.24%	44.22%
Net Nonoperating Expense Percent (NNEP)	7.80%	6.96%	17.22%	5.65%	6.38%	4.17%	3.77%	2.61%	-	22.79%	6.06%
Return On Investment Capital (ROIC_SIMPLE)	7.22%	-	-	-	1.17%	2.92%	4.30%	1.88%	0.49%	-11.77%	12.25%
Cost of Revenue to Revenue	10.74%	18.06%	14.40%	5.54%	9.46%	8.77%	6.75%	8.66%	-	45.38%	4.24%
SG&A Expenses to Revenue	9.09%	12.56%	12.26%	7.83%	10.83%	7.89%	8.08%	10.18%	-	89.08%	7.48%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%
Operating Expenses to Revenue	50.28%	82.82%	78.21%	56.17%	82.78%	70.83%	65.95%	79.88%	-	652.10%	56.36%
Earnings before Interest and Taxes (EBIT)	284	-3.00	32	519	70	191	267	102	53	-708	516
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	339	50	85	659	212	322	395	225	182	-575	647
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.76	1.93	1.91	1.10	1.08	0.92	0.98	1.13	-	1.74	1.14
Price to Tangible Book Value (P/TBV)	1.76	1.93	1.91	1.10	1.08	0.92	0.98	1.13	-	1.74	1.14
Price to Revenue (P/Rev)	1.40	1.81	1.82	1.27	1.19	0.88	0.81	1.08	-	1.77	1.22
Price to Earnings (P/E)	6.94	16.00	23.84	7.26	10.14	6.45	5.05	10.18	-	0.00	0.00
Dividend Yield	2.17%	2.15%	2.28%	2.51%	2.69%	3.35%	3.39%	2.91%	-	2.29%	3.03%
Earnings Yield	14.41%	6.25%	4.19%	13.77%	9.86%	15.51%	19.82%	9.83%	-	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.76	1.89	1.87	1.08	1.07	0.93	0.99	1.11	-	1.53	1.11
Enterprise Value to Revenue (EV/Rev)	1.41	1.87	1.87	1.53	1.40	1.08	1.02	1.28	-	2.17	1.57
Enterprise Value to EBITDA (EV/EBITDA)	3.79	6.53	7.77	4.11	4.46	3.09	2.65	4.00	-	27.55	10.46
Enterprise Value to EBIT (EV/EBIT)	4.84	9.95	13.37	5.60	7.26	4.86	4.01	7.33	-	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	6.46	14.16	18.60	7.80	9.93	6.77	5.64	10.11	-	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	6.03	9.70	9.60	8.71	7.35	5.56	5.41	5.53	-	8.04	5.72
Enterprise Value to Free Cash Flow (EV/FCFF)	7.73	15.30	13.76	0.00	0.00	0.00	0.00	7.61	-	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.24	0.26	0.57	0.32	0.32	0.29	0.30	0.29	-	0.45	0.38
Long-Term Debt to Equity	0.24	0.26	0.57	0.32	0.32	0.25	0.26	0.26	-	0.45	0.38
Financial Leverage	0.07	0.05	0.05	0.16	0.12	0.15	0.17	0.22	-	0.29	0.29
Leverage Ratio	1.95	1.89	2.02	2.00	1.93	1.91	2.05	2.00	-	2.17	2.03
Compound Leverage Factor	1.83	11.97	0.69	1.86	1.13	1.62	1.86	1.47	-	2.33	1.80
Debt to Total Capital	19.57%	20.54%	36.13%	24.42%	24.24%	22.32%	22.87%	22.70%	-	30.98%	27.35%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	2.70%	2.76%	2.74%	-	0.00%	0.00%
Long-Term Debt to Total Capital	19.57%	20.54%	36.13%	24.42%	24.24%	19.62%	20.10%	19.96%	-	30.98%	27.35%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%
Common Equity to Total Capital	80.43%	79.46%	63.87%	75.58%	75.76%	77.68%	77.13%	77.30%	-	69.02%	72.65%
Debt to EBITDA	0.52	0.85	2.24	1.00	1.13	0.79	0.64	0.88	-	5.77	2.67
Net Debt to EBITDA	0.02	0.19	0.22	0.71	0.67	0.56	0.53	0.62	-	5.15	2.35
Long-Term Debt to EBITDA	0.52	0.85	2.24	1.00	1.13	0.69	0.56	0.77	-	5.77	2.67
Debt to NOPAT	0.89	1.84	5.37	1.89	2.51	1.73	1.36	2.21	-	-6.26	-33.27
Net Debt to NOPAT	0.04	0.41	0.52	1.35	1.49	1.23	1.13	1.56	-	-5.58	-29.27
Long-Term Debt to NOPAT	0.89	1.84	5.37	1.89	2.51	1.53	1.19	1.94	-	-6.26	-33.27
Altman Z-Score	2.85	2.48	2.12	1.63	1.45	1.55	1.71	1.68	-	0.91	1.58
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.51	1.41	2.43	0.97	1.04	0.83	0.78	0.89	-	0.55	0.66
Quick Ratio	1.19	1.11	2.14	0.67	0.76	0.59	0.43	0.55	-	0.35	0.39
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	99	-25	104	-1,792	-1,911	-1,881	-1,897	234	-487	-364	288
Operating Cash Flow to CapEx	344.74%	197.73%	303.13%	258.82%	242.35%	338.18%	300.00%	310.00%	-	74.44%	176.51%
Free Cash Flow to Firm to Interest Expense	7.09	-1.91	6.10	-52.71	-68.26	-67.18	-75.89	9.35	-	-7.27	5.15
Operating Cash Flow to Interest Expense	9.36	6.69	5.71	6.47	7.36	6.64	6.60	11.16	-	1.98	4.70
Operating Cash Flow Less CapEx to Interest Expense	6.64	3.31	3.82	3.97	4.32	4.68	4.40	7.56	-	-0.68	2.04
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.70	0.56	0.51	0.55	0.57	0.68	0.74	0.52	-	0.41	0.46
Accounts Receivable Turnover	9.43	8.31	9.62	9.70	10.47	12.01	14.61	10.80	-	7.08	9.41
Inventory Turnover	5.97	4.22	4.82	4.19	3.88	3.88	4.08	3.59	-	2.76	2.57
Fixed Asset Turnover	1.01	0.80	0.78	0.71	0.76	0.87	0.99	0.64	-	0.50	0.56
Accounts Payable Turnover	1.34	1.11	1.33	1.06	1.02	1.06	1.05	0.91	-	0.67	0.73
Days Sales Outstanding (DSO)	38.70	43.93	37.96	37.61	34.87	30.40	24.98	33.81	-	51.53	38.78
Days Inventory Outstanding (DIO)	61.14	86.41	75.79	87.08	94.16	94.17	89.45	101.79	-	132.36	142.10
Days Payable Outstanding (DPO)	273.29	329.53	275.27	342.93	356.86	345.70	346.39	401.74	-	542.82	500.13
Cash Conversion Cycle (CCC)	-173.44	-199.19	-161.52	-218.24	-227.84	-221.12	-231.96	-266.14	-	-358.93	-319.25
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,236	2,207	2,157	4,299	4,202	4,220	4,244	4,149	4,714	4,086	4,529
Invested Capital Turnover	1.28	1.02	0.98	0.95	0.99	1.14	1.29	0.86	-	0.69	0.73
Increase / (Decrease) in Invested Capital	100	22	-76	2,162	1,966	2,013	2,087	-150	512	-134	285
Enterprise Value (EV)	3,938	4,170	4,023	4,661	4,486	3,945	4,200	4,620	-	6,254	5,011
Market Capitalization	3,913	4,048	3,910	3,855	3,812	3,231	3,355	3,907	-	5,086	3,884
Book Value per Share	$32.34	$30.21	$29.94	$51.58	$38.58	$38.73	$38.21	$41.14	$43.89	$32.94	$38.31
Tangible Book Value per Share	$32.34	$30.21	$29.94	$51.58	$38.58	$38.73	$38.21	$41.14	$43.89	$32.94	$38.31
Total Capital	2,759	2,634	3,213	4,632	4,670	4,526	4,417	4,454	4,957	4,228	4,683
Total Debt	540	541	1,161	1,131	1,132	1,010	1,010	1,011	1,283	1,310	1,281
Total Long-Term Debt	540	541	1,161	1,131	1,132	888	888	889	1,283	1,310	1,281
Net Debt	25	122	113	806	674	714	845	713	1,040	1,168	1,127
Capital Expenditures (CapEx)	38	44	32	85	85	55	55	90	114	133	149
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-183	-158	-185	-266	-328	-254	-150	-179	-244	-693	-414
Debt-free Net Working Capital (DFNWC)	313	245	846	-25	44	-40	-78	17	-112	-653	-358
Net Working Capital (NWC)	313	245	846	-25	44	-162	-200	-105	-112	-653	-358
Net Nonoperating Expense (NNE)	11	7.20	20	25	22	17	18	20	13	213	59
Net Nonoperating Obligations (NNO)	17	114	105	798	664	704	837	706	1,040	1,168	1,127
Total Depreciation and Amortization (D&A)	55	53	53	140	142	131	128	123	129	133	131
Debt-free, Cash-free Net Working Capital to Revenue	-6.53%	-7.08%	-8.59%	-8.73%	-10.26%	-6.95%	-3.64%	-4.94%	-	-24.10%	-12.96%
Debt-free Net Working Capital to Revenue	11.17%	10.98%	39.28%	-0.82%	1.38%	-1.09%	-1.89%	0.47%	-	-22.71%	-11.21%
Net Working Capital to Revenue	11.17%	10.98%	39.28%	-0.82%	1.38%	-4.43%	-4.85%	-2.90%	-	-22.71%	-11.21%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.81	($0.14)	$0.12	$3.86	$0.90	$1.27	$1.93	$0.76	$0.21	($8.02)	$5.79
Adjusted Weighted Average Basic Shares Outstanding	69.60M	69M	68.10M	89.40M	79.30M	90.60M	89M	83.70M	87M	88.70M	88.80M
Adjusted Diluted Earnings per Share	$2.66	($0.14)	$0.11	$3.78	$0.87	$1.26	$1.92	$0.76	$0.21	($8.02)	$5.76
Adjusted Weighted Average Diluted Shares Outstanding	72.50M	69M	70M	91.20M	81.40M	91.20M	89.40M	84.40M	87.40M	88.70M	89.30M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	69.27M	68.53M	67.88M	91.71M	90.78M	89.18M	83.68M	83.71M	88.60M	88.79M	88.82M
Normalized Net Operating Profit after Tax (NOPAT)	182	-7.00	36	370	52	132	190	86	25	-498	356
Normalized NOPAT Margin	25.02%	-1.54%	7.07%	27.35%	5.97%	14.48%	19.40%	10.08%	-	-418.24%	27.47%
Pre Tax Income Margin	36.78%	-4.19%	2.14%	35.70%	4.68%	17.76%	24.74%	8.77%	-	-638.66%	35.31%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	20.29	-0.23	1.88	15.26	2.50	6.82	10.68	4.08	-	-14.16	9.21
NOPAT to Interest Expense	14.23	-0.22	1.63	10.88	1.95	4.72	7.59	3.35	-	-9.95	10.24
EBIT Less CapEx to Interest Expense	17.57	-3.62	0.00	12.76	-0.54	4.86	8.48	0.48	-	-16.82	6.55
NOPAT Less CapEx to Interest Expense	11.52	-3.60	-0.26	8.38	-1.08	2.75	5.39	-0.25	-	-12.61	7.58
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	14.36%	32.41%	51.22%	18.64%	30.05%	25.35%	21.05%	35.94%	-	-29.59%	-114.05%
Augmented Payout Ratio	39.72%	88.54%	120.12%	44.07%	81.12%	72.26%	83.76%	142.45%	-	-91.36%	-171.07%

Financials Breakdown Chart

Key Financial Trends

California Resources (NYSE: CRC) showed a much weaker start to 2026, with Q1 revenue down sharply from the strong levels seen in late 2024 and 2025, and the company posting a large loss. The quarter also stood out for significant financing activity, including heavy debt repayment and new borrowing, while operating cash flow stayed positive but was far below the prior quarter.

Over the last four years, CRC’s results have been highly cyclical, with periods of very strong profitability followed by sharp pullbacks. The most recent data suggest that earnings power has weakened materially versus the prior year, even though the balance sheet has improved in some areas and operating cash generation remains positive.

CRC generated $99 million in operating cash flow in Q1 2026, which shows the business is still producing cash even during a weak earnings quarter.
The company ended Q1 2026 with $2.9 billion in common equity, up from $2.1 billion in Q1 2024, reflecting a stronger equity base over the past two years.
Cash and equivalents rose to $40 million in Q1 2026 from $214 million in Q1 2025, but the more important positive is that CRC has continued to manage liquidity through operating cash flow rather than relying only on cash on hand.
Long-term debt fell to $1.31 billion in Q1 2026 from $1.31 billion in Q1 2026? Actually, after peaking around $1.13 billion in Q3 2024, debt moved lower in the latest quarter’s financing activity, helped by $587 million of debt repayment.
In Q1 2026, CRC reported positive operating cash generation despite a steep net loss, which indicates non-cash charges still support cash flow conversion.
Revenue in Q1 2026 was $119 million, well below the stronger quarterly revenue levels seen in 2024 and 2025, but the data set suggests CRC’s revenue can swing materially from quarter to quarter.
The company continued paying a dividend, with Q1 2026 cash dividends of $0.405 per share, showing management still returned cash to shareholders.
CRC posted a $711 million net loss in Q1 2026, compared with $12 million of net income in Q4 2025 and $172 million in Q2 2025.
Operating income collapsed to a $711 million loss in Q1 2026, driven by very high operating expenses relative to revenue.
Q1 2026 earnings per share were -$8.02, a sharp deterioration from the profitable quarters in 2024 and 2025.

Looking at the longer trend, CRC was much more profitable in 2024 and parts of 2025. For example, Q3 2024 net income reached $345 million and Q2 2025 net income was $172 million. But that strength did not carry into 2026, where the company moved back into a deep loss.

Balance sheet trends are mixed. Total assets were $7.15 billion in Q1 2026, up from $3.91 billion in Q1 2024, but liabilities also increased meaningfully to $4.23 billion. CRC’s accumulated asset retirement and litigation obligations remain large, and these non-debt liabilities are an important risk factor for investors to watch.

Bottom line: CRC still has the benefit of positive operating cash flow and a larger equity base than two years ago, but the latest quarter shows a serious drop in profitability. Investors should focus on whether the company can restore revenue and operating income while keeping debt and other obligations under control.

08/16/26 01:26 PM ETAI Generated. May Contain Errors.

California Resources Financials - Frequently Asked Questions

According to the most recent income statement we have on file, California Resources' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

California Resources' net income appears to be on a downward trend, with a most recent value of $363 million in 2025, falling from -$1.43 billion in 2014. The previous period was $376 million in 2024. See California Resources' forecast for analyst expectations on what's next for the company.

California Resources' total operating income in 2025 was $598 million, based on the following breakdown:

Total Gross Profit: $3.37 billion
Total Operating Expenses: $2.77 billion

Over the last 10 years, California Resources' total revenue changed from $4.17 billion in 2014 to $3.67 billion in 2025, a change of -12.1%.

California Resources' total liabilities were at $3.73 billion at the end of 2025, a 3.7% increase from 2024, and a 53.2% decrease since 2015.

In the past 10 years, California Resources' cash and equivalents has ranged from $12 million in 2015 to $496 million in 2023, and is currently $132 million as of their latest financial filing in 2025.

Over the last 10 years, California Resources' book value per share changed from 2,611,000.00 in 2014 to 43.89 in 2025, a change of -100.0%.

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Financial statements for NYSE:CRC last updated on 8/10/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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California Resources (CRC) Financials

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California Resources (CRC) Financials

Annual Income Statements for California Resources

Quarterly Income Statements for California Resources

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Quarterly Cash Flow Statements for California Resources

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Quarterly Balance Sheets for California Resources

Annual Metrics And Ratios for California Resources

Quarterly Metrics And Ratios for California Resources

Financials Breakdown Chart

Key Financial Trends

California Resources Financials - Frequently Asked Questions

When does California Resources' fiscal year end?

How has California Resources' net income changed over the last 10 years?

What is California Resources' operating income?

How has California Resources' revenue changed over the last 10 years?

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How has California Resources' book value per share changed over the last 10 years?

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