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California Resources CRC Oil and Natural Gas — Gas processing 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:OilAndGasProductionCostGasProcessingCosts.

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 — gas processing costs?
California Resources (CRC) reported oil and natural gas — gas processing costs of $5M in Q1 2026.
How has California Resources's oil and natural gas — gas processing costs changed year-over-year?
California Resources's oil and natural gas — gas processing costs increased by 25.0% year-over-year, from $4M to $5M.
What is the long-term trend for California Resources's oil and natural gas — gas processing costs?
Over 3 years (2022 to 2025), California Resources's oil and natural gas — gas processing costs has grown at a 3.8% compound annual growth rate (CAGR), from $17M to $19M.
What does oil and natural gas — gas processing costs mean?
This represents the specific expenses incurred to treat and process raw natural gas into marketable products. It reflects the technical requirements and operational intensity of the midstream activities within the production segment. Tracking these costs helps evaluate the efficiency of the company's processing infrastructure.