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: 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.