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California Resources CRC Operating Income

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Other financials

Income statement

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Revenue$119.0M-87.0%
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$4.67B+7.3%
Enterprise value$6.01B+11.8%
P/S1.6×+0.6×

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 source filing: California Resources’s 10-Q, filed May 6, 2026.

Filed
May 6, 2026, 4:34 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001609253-26-000106
Line itemThree months ended March 31, 2026Three months ended March 31, 2025
Measurement period adjustments, net1
Other operating expenses, net5433
Total operating expenses830726
OPERATING (LOSS) INCOME(711)186
NON-OPERATING (EXPENSES) INCOME
Interest and debt expense, net(29)(27)
Loss on early extinguishment of debt(21)(1)
Equity loss from unconsolidated subsidiaries(2)(1)

Cover / Front Matter

FAQ

What is California Resources's operating income?
California Resources (CRC) reported operating income of -$711M in Q1 2026.
How has California Resources's operating income changed year-over-year?
California Resources's operating income decreased by 482.3% year-over-year, from $186M to -$711M.
What is the long-term trend for California Resources's operating income?
Over 4 years (2021 to 2025), California Resources's operating income has grown at a 19.7% compound annual growth rate (CAGR), from $291M to $598M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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