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California Resources CRC Oil and Natural Gas — Depreciation, depletion and amortization

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$2.67B+20.0%
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$275.3M+2.2%

Other financials

Income statement

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Revenue$119.0M-87.0%
Operating income-$711.0M-482%
Net income-$711.0M-718%
EPS (diluted)-$8.02-737%

Balance sheet

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Cash & equivalents$40.0M-81.3%
Total debt$1.4B+25.7%
Total equity$2.9B-17.0%
Total assets$7.1B+4.7%

Cash flow

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Operating cash flow$99.0M-46.8%
CapEx$131.0M+138%
Free cash flow-$32.0M-124%

Valuation

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Market cap$4.91B+54.1%

Profitability

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Operating margin-10.4%-32.6pp
Net margin-16.1%-29.8pp
FCF margin13.2%+0.8pp

Returns & leverage

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Return on equity-14.4%-32.3pp
Debt / equity0.5×+0.2×
Current ratio0.5×-0.3×

Where this comes from

Reported directly by California Resources in its filing.

Tagged under the XBRL concept us-gaap:DepreciationDepletionAndAmortization.

The official record: California Resources’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is California Resources's oil and natural gas — depreciation, depletion and amortization?
California Resources (CRC) reported oil and natural gas — depreciation, depletion and amortization of $128M in Q1 2026.
How has California Resources's oil and natural gas — depreciation, depletion and amortization changed year-over-year?
California Resources's oil and natural gas — depreciation, depletion and amortization increased by 1.6% year-over-year, from $126M to $128M.
What is the long-term trend for California Resources's oil and natural gas — depreciation, depletion and amortization?
Over 3 years (2022 to 2025), California Resources's oil and natural gas — depreciation, depletion and amortization has grown at a 40.6% compound annual growth rate (CAGR), from $177M to $492M.
What does oil and natural gas — depreciation, depletion and amortization mean?
This non-cash expense represents the systematic allocation of the cost of tangible and intangible assets over their useful lives, specifically related to oil and gas properties. It reflects the capital intensity of the segment and the exhaustion of natural resource reserves. High levels often indicate significant recent capital investment or a high rate of reserve depletion.