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

- Company: California Resources Corp (CRC)
- Period: 2026-04-01 to 2026-06-30
- Filing: Q2 FY2026 10-Q, filed 2026-08-10, accession number 0001609253-26-000130
- Page: https://plicit.ai/financials/crc/fy2026-q2-income-statement
- Chart image: https://plicit.ai/charts/crc-fy2026-q2-income-statement-sankey.png

## Chart details: Revenue by Product and Service

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.

## Chart details: Revenue by Business Segment

- Page: https://plicit.ai/financials/crc/fy2026-q2-income-statement/revenue-by-business-segment
- Chart image: https://plicit.ai/charts/crc-fy2026-q2-revenue-by-business-segment-sankey.png

Income statement for 2026-04-01 through 2026-06-30. View: Business segment. 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 and Natural Gas**: 1,063,000,000 US dollars
- **Carbon Management**: 1,000,000 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
- **Revenue before reconciliation (calculated)**: 1,064,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
- **Corporate/Eliminations/Other**: 233,000,000 US dollars. Reported reconciliation to consolidated revenue.

### 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.
- Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.