California Resources Corporation (CRC) Financials
Key financial figures for California Resources Corporation (Q3 2026).
CRC reported a Q3 2026 GAAP net loss of $315 million, driven by a $540 million non-cash derivative loss, while adjusted EBITDAX of $341 million ran above its own quarterly guidance range. GAAP: net loss of $315 million ($3.55 per diluted share) versus net income of $64 million ($0.76) a year earlier. The release attributes the loss to a $540 million non-cash loss on the fair value of commodity derivatives; total operating revenues were $421 million after a $675 million net loss from commodity sales derivatives. Adjusted: adjusted net income was $104 million ($1.17 per diluted share) versus $123 million ($1.46) in Q3 2025, and adjusted EBITDAX was $341 million versus $338 million, above the $285-$325 million Q3 range given in the Q2 release. On the outlook: Fourth quarter 2026E: net production 150-152 MBoe/d (79% oil), capital investments $110-$130 million, adjusted EBITDAX $340-$380 million, on a $102.90 Brent assumption; the guidance includes the Uinta Basin through year-end. 2027 drilling, completions and workover capital is expected at $450-$475 million, and CRC plans to enter 2027 with six rigs; full-year 2027 guidance is to come with the Q4 2026 release. Figures are for Q3 2026, as California Resources Corporation reported them.
- Revenue
- $421M
- Net Income
- -$315M
- EPS
- $-3.55
- Total Assets
- $7.3B
- Operating Cash Flow
- $305M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q3 FY2026 | $421M | -$315M | -$3.55 | -96.91% | $147M |
| Q2 FY2026 | $1.3B | $514M | $5.76 | 39.4% | $114M |
| Q1 FY2026 | $967M | -$711M | -$8.02 | 22.23% | -$22M |
| Q4 FY2025 | $871M | $12M | $0.14 | 18.25% | $116M |
| Q3 FY2025 | $878M | $64M | $0.76 | 20.5% | $187M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $3.6B | $363M | $4.15 | 23.64% | $543M |
| FY2024 | $3.0B | $376M | $4.62 | 22.02% | $350M |
| FY2023 | $2.8B | $564M | $7.78 | 31.78% | $460M |
Frequently asked questions
What was California Resources Corporation's revenue last quarter?
California Resources Corporation reported revenue of $421.0 million for Q3 FY2026, down 52.1% from the same period a year earlier.
Is California Resources Corporation profitable?
Not in its most recent reported period. California Resources Corporation reported a net loss of $315.0 million for Q3 FY2026, a net margin of -74.82% on revenue.
How has California Resources Corporation's margin trended?
Operating margin was -96.91% in Q3 FY2026, compared with 20.5% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did California Resources Corporation generate?
California Resources Corporation generated free cash flow of $147.0 million in Q3 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for California Resources Corporation on SentiSense, with up to forty quarters and twenty fiscal years of history.