In Q1 FY2026 (ended March 31, 2026), California Resources Corp reported revenue of $119 million, down 87% year-over-year. Net loss was $711 million, compared to a loss of $87 million in the prior year. Operating loss was $711 million, and diluted EPS was -$8.02. Cash stood at $40 million, equity at $2.918 billion, and long-term debt at $1.31 billion.
•Revenue fell 87% YoY to $119 million.
•Net loss widened to $711 million from $87 million.
•Diluted EPS was -$8.02, down 737% YoY.
•Long-term debt of $1.31 billion exceeded cash of $40 million.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
California Resources is an independent energy and carbon management company in the United States. The company operates in two segments, Oil and Natural Gas, and Carbon Management.
It explores, develops, and produces crude oil, oil condensate, natural gas liquids and natural gas to california refineries, marketers, and purchasers Carbon TerraVault which builds, installs, operates, and maintains CO2 capture equipment, transportation assets, and storage facilities.
Additionally, it owns and operates power generation facilities, as well as smaller gas-fired power plants used to generate power for oil and natural gas operations. The company was incorporated in 2014 and is based in Long Beach, California.
What does California Resources Corporation (CRC) do?
California Resources Corporation (CRC) is an independent energy and carbon management company based in the United States. It operates through two main segments: Oil and Natural Gas, and Carbon Management. The Oil and Natural Gas segment explores, develops, and produces crude oil, oil condensate, natural gas liquids, and natural gas, selling primarily to California refineries, marketers, and purchasers. The Carbon Management segment, under the brand Carbon TerraVault, builds, installs, operates, and maintains CO2 capture equipment, transportation assets, and storage facilities. Additionally, CRC owns and operates power generation facilities, including smaller gas-fired power plants used to generate power for its oil and natural gas operations.
Where is California Resources Corporation (CRC) listed and what currency does it trade in?
California Resources Corporation (CRC) is listed on the New York Stock Exchange (NYSE) under the ticker symbol CRC. The company trades in U.S. Dollars (USD), which is the official currency of the United States where the company is headquartered and operates.
What sector and industry does California Resources Corporation (CRC) belong to?
California Resources Corporation (CRC) operates in the Energy sector, specifically within the Oil & Gas E&P (Exploration and Production) industry. This means the company is primarily involved in the exploration, development, and production of oil and natural gas resources. Additionally, through its Carbon Management segment, CRC is also engaged in carbon capture and storage services, which aligns with broader energy transition efforts.
Where is California Resources Corporation (CRC) headquartered and what markets does it serve?
California Resources Corporation (CRC) is headquartered in Long Beach, California, United States. The company primarily serves the California market, selling its crude oil, natural gas, and natural gas liquids to California refineries, marketers, and purchasers. Its operations are concentrated in the state, and it also owns and operates power generation facilities within California to support its oil and gas activities.
How does California Resources Corporation (CRC) make money?
California Resources Corporation (CRC) generates revenue through two primary business segments. The Oil and Natural Gas segment earns income by exploring, developing, and producing crude oil, oil condensate, natural gas liquids, and natural gas, which it sells to customers in California. The Carbon Management segment, known as Carbon TerraVault, provides carbon capture, transportation, and storage services, generating revenue from building, installing, operating, and maintaining CO2 capture equipment and storage facilities. Additionally, CRC owns and operates power generation facilities, including gas-fired power plants, which produce electricity used in its own operations and potentially sold to the grid.