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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$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 crc:OilAndGasProductionCostEnergyOperatingCosts.

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 — energy operating costs?
California Resources (CRC) reported oil and natural gas — energy operating costs of $117M in Q1 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 5.4% year-over-year, from $111M to $117M.
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.