California Resources CRC Accretion Expense
Accretion Expense at other companies
Other financials
Where this comes from
Reported directly by California Resources in its filing.
Tagged under the XBRL concept us-gaap:AccretionExpense.
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 accretion expense?
- California Resources (CRC) reported accretion expense of $27M in Q1 2026.
- How has California Resources's accretion expense changed year-over-year?
- California Resources's accretion expense decreased by 6.9% year-over-year, from $29M to $27M.
- What is the long-term trend for California Resources's accretion expense?
- Over 4 years (2021 to 2025), California Resources's accretion expense has grown at a 22.9% compound annual growth rate (CAGR), from $50M to $114M.
- What does accretion expense mean?
- Accretion expense reflects the periodic increase in the carrying amount of asset retirement obligations (ARO) due to the passage of time. As the company approaches the eventual date of plugging and abandoning wells, the discounted liability grows toward the estimated future settlement value. This non-cash expense is essential for understanding the long-term environmental and regulatory liabilities associated with the company's asset portfolio.