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California Resources CRC Oil and Natural Gas — Segment profit or (loss)

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APAOil and Gas, Exploration and Production — Oil and Gas, Result of Operation, after Income Tax Expense (Benefit)
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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 us-gaap:OperatingIncomeLoss.

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 — segment profit or (loss)?
California Resources (CRC) reported oil and natural gas — segment profit or (loss) of $282M in Q1 2026.
How has California Resources's oil and natural gas — segment profit or (loss) changed year-over-year?
California Resources's oil and natural gas — segment profit or (loss) increased by 6.0% year-over-year, from $266M to $282M.
What is the long-term trend for California Resources's oil and natural gas — segment profit or (loss)?
Over 3 years (2022 to 2025), California Resources's oil and natural gas — segment profit or (loss) has grown at a -23.5% compound annual growth rate (CAGR), from $1.54B to $688M.
What does oil and natural gas — segment profit or (loss) mean?
This metric represents the core operating profitability of the oil and natural gas segment after accounting for all direct revenues and associated operating expenses. It is a primary indicator of the segment's ability to generate value from its exploration and production assets. Investors use this to assess the segment's contribution to the overall corporate bottom line and its operational health.