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California Resources CRC Oil and Natural Gas — Non-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:OilAndGasProductionCostNonEnergyOperatingCosts.

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 — non-energy operating costs?
California Resources (CRC) reported oil and natural gas — non-energy operating costs of $250M in Q1 2026.
How has California Resources's oil and natural gas — non-energy operating costs changed year-over-year?
California Resources's oil and natural gas — non-energy operating costs increased by 19.6% year-over-year, from $209M to $250M.
What is the long-term trend for California Resources's oil and natural gas — non-energy operating costs?
Over 3 years (2022 to 2025), California Resources's oil and natural gas — non-energy operating costs has grown at a 24.4% compound annual growth rate (CAGR), from $445M to $856M.
What does oil and natural gas — non-energy operating costs mean?
These are the operational expenses excluding energy-related costs, such as labor, maintenance, materials, and field-level overhead. It serves as a measure of the underlying cost to maintain and operate production assets. Investors monitor this to gauge the segment's ability to control day-to-day field expenses.