California Resources Corp (CRC) FY2026 Q2 P&L / Income Statement

California Resources Corp (CRC) FY2026 Q2 P&L / Income Statement

Income statement for 2026-04-01 through 2026-06-30. View: Revenue categories. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Total operating revenues

1,297,000,000 US dollars

Cost of revenue (calculated)

55,000,000 US dollars

Gross profit (calculated)

1,242,000,000 US dollars

Operating expenses (calculated)

731,000,000 US dollars

OPERATING INCOME (LOSS)

511,000,000 US dollars

Other income (expense), net (calculated)

negative 53,000,000 US dollars

INCOME (LOSS) BEFORE INCOME TAXES

458,000,000 US dollars

Income tax benefit (provision)

negative 56,000,000 US dollars

NET INCOME (LOSS)

514,000,000 US dollars

Oil, natural gas and natural gas liquids sales

1,056,000,000 US dollars

Net gain (loss) from commodity sales derivatives

205,000,000 US dollars

Revenue from marketing of purchased commodities

26,000,000 US dollars

Electricity revenue

6,000,000 US dollars

Other revenue

4,000,000 US dollars

Costs of sales

55,000,000 US dollars

Operating costs

347,000,000 US dollars

General and administrative expenses

97,000,000 US dollars

Depreciation, depletion and amortization

131,000,000 US dollars

Taxes other than on income

66,000,000 US dollars

Accretion expense

27,000,000 US dollars

Net loss (gain) from natural gas purchase derivatives

5,000,000 US dollars

Measurement period adjustments, net

negative 2,000,000 US dollars

Other operating expenses, net

60,000,000 US dollars

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.