The financials
California Resources Corporation by the numbers
California Resources Corporation (CRC) reported revenue of $1.30B in Q2 2026 (quarter ended June 30, 2026), up 33% from the same quarter a year earlier. That came with net income of $514M (40% of revenue). For the full year FY2025, revenue was $3.67B (+15% year on year) and net income $363M. Its largest product in 2026-Q1 was Oil And Condensate at $834M, 92% of the disclosed total, just ahead of Public Utilities Inventory Propane at 4.6%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $1.30B | $978M | +33% |
| Operating income | $511M | $267M | +91% |
| Net income | $514M | $172M | +199% |
| Diluted EPS | $5.76 | $1.92 | +200% |
| Product | Revenue | Share |
|---|---|---|
| Oil And Condensate | $834M | 92% |
| Public Utilities Inventory Propane | $42M | 4.6% |
| Natural Gas Production | $29M | 3.2% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $905.0M (+27%)
Oil And Condensate grew +13% year on yearPublic Utilities Inventory Propane -16% year on year
Segment Latestquarter on quarteryear on year
- Oil And Condensate$834.0M$834.0MQoQ +28%year on year +13%+28%+13%
- Public Utilities Inventory Propane$42.0M$42.0MQoQ +17%year on year -16%+17%-16%
- Natural Gas Production$29.0M$29.0MQoQ +12%year on year +3.6%+12%+3.6%