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

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

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

Total operating revenues

1,416,000,000 US dollars

Cost of revenue (calculated)

109,000,000 US dollars

Gross profit (calculated)

1,307,000,000 US dollars

Operating expenses (calculated)

1,507,000,000 US dollars

OPERATING INCOME (LOSS)

negative 200,000,000 US dollars

Other income (expense), net (calculated)

negative 102,000,000 US dollars

INCOME (LOSS) BEFORE INCOME TAXES

negative 302,000,000 US dollars

Income tax benefit (provision)

negative 105,000,000 US dollars

NET INCOME (LOSS)

negative 197,000,000 US dollars

Oil, natural gas and natural gas liquids sales

1,961,000,000 US dollars

Revenue from marketing of purchased commodities

67,000,000 US dollars

Electricity revenue

17,000,000 US dollars

Other revenue

14,000,000 US dollars

Costs of sales

109,000,000 US dollars

Operating costs

712,000,000 US dollars

General and administrative expenses

203,000,000 US dollars

Depreciation, depletion and amortization

264,000,000 US dollars

Taxes other than on income

133,000,000 US dollars

Accretion expense

54,000,000 US dollars

Net loss (gain) from natural gas purchase derivatives

29,000,000 US dollars

Measurement period adjustments, net

negative 2,000,000 US dollars

Other operating expenses, net

114,000,000 US dollars

Revenue before reconciliation (calculated)

2,059,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.

Net gain (loss) from commodity sales derivatives

negative 643,000,000 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.