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California Resources CRC Oil and Natural Gas — Energy operating costs

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Other financials

Income statement

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Revenue$1.3B+32.6%
Operating income$511.0M+91.4%
Net income$514.0M+199%
EPS (diluted)$5.76+200%

Balance sheet

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Cash & equivalents$56.0M-22.2%
Total debt$1.3B+23.4%
Total equity$3.4B-0.1%
Total assets$7.1B+5.8%

Cash flow

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Operating cash flow$263.0M+59.4%
CapEx$149.0M+166%
Free cash flow$114.0M+4.6%

Valuation

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Market cap$4.62B+16.8%
Enterprise value$5.92B+18.8%
P/S1.5×+0.5×

Profitability

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Operating margin-1.7%-26.9pp
Net margin-3.8%-19.9pp
FCF margin12.1%-0.1pp

Returns & leverage

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Return on equity-3.6%-27.9pp
Debt / equity0.4×+0.1×
Current ratio0.7×-0.1×

Where this comes from

Reported directly by California Resources in its filing.

Tagged under the XBRL concept crc:OilAndGasProductionCostEnergyOperatingCosts.

The source filing: California Resources’s 10-Q, filed August 10, 2026.

Filed
Aug 10, 2026, 3:08 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001609253-26-000130
Line itemThree Months Ended June 30, 2026 / Oil and Natural GasThree Months Ended June 30, 2026 / Carbon ManagementThree Months Ended June 30, 2026 / Total Reportable SegmentsThree Months Ended June 30, 2026 / Corporate/Eliminations/OtherTotal
Segment operating revenues$1,063$1$1,064$233$1,297
Less:
Operating costs:
Energy operating costs9191(4)87
Gas processing costs666
Non-energy operating costs254254254
General and administrative expenses182207797
Depreciation, depletion and amortization1241247131

Cover / Front Matter

FAQ

What is California Resources's oil and natural gas — energy operating costs?
California Resources (CRC) reported oil and natural gas — energy operating costs of $91M in Q2 2026.
How has California Resources's oil and natural gas — energy operating costs changed year-over-year?
California Resources's oil and natural gas — energy operating costs increased by 7.1% year-over-year, from $85M to $91M.
What is the long-term trend for California Resources's oil and natural gas — energy operating costs?
Over 3 years (2022 to 2025), California Resources's oil and natural gas — energy operating costs has grown at a 7.8% compound annual growth rate (CAGR), from $323M to $405M.
What does oil and natural gas — energy operating costs mean?
These are the direct costs associated with the energy consumption required to extract, process, and transport oil and natural gas. This metric reflects the segment's operational efficiency and sensitivity to energy price fluctuations. It is a critical component of the cost structure that impacts the overall margin of production.

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