California Resources Corp

Listed Company

CRCCIK 0001609253NYSELarge AcceleratedCrude Petroleum & Natural GasDelawareFY ends Dec 31

Period

FY 2025

Revenue

$3.67B

Net Income

$363.00M

Total Assets

$7.40B

Equity

$3.67B

Shares Out

88.79M

Op. Cash Flow

$865.00M

CRC$52.85+10.04% · past yearDBEQ Basic

Daily closing prices

Business

California Resources Corp is an independent oil and natural gas exploration, development and production company operating in major basins in California and Utah. The company produces crude oil, condensate, natural gas liquids and natural gas, with proved reserves of 654 MMBoe as of December 31, 2025. CRC also operates a carbon management segment focused on building, installing and operating CO2 capture equipment, transportation assets and underground storage facilities through its Carbon TerraVault joint venture with Brookfield. The company is the largest oil and gas operator in California.

Summary from 10-K filed 2026-03-02

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Oil, natural gas and natural gas liquids sales	2,910	2,537	2,155	2,643	2,048
Net gain (loss) from commodity derivatives	266	241	−12	−551	−676
Total operating revenues	3,669	3,198	2,801	2,707	1,889
Operating costs	1,252	966	822	785	705
General and administrative expenses	333	321	267	222	200
Depreciation, depletion and amortization	511	388	225	198	213
Asset impairment	59	14	3	2	28
Taxes other than on income	242	242	165	162	145
Accretion expense	114	87	46	43	50
Net loss on natural gas purchase derivatives	50	30	8	0	—
Measurement period adjustments, net	1	−12	0	0	—
Other operating expenses, net	209	239	95	26	29
Total operating expenses	3,070	2,589	2,025	1,954	—
(Loss) gain on asset divestitures	−1	11	32	59	124
OPERATING INCOME	598	620	808	812	293
Interest and debt expense, net	−106	−87	−56	−53	−54
Loss on early extinguishment of debt	−1	−5	−1	0	−2
Equity loss from unconsolidated subsidiaries	−4	−10	−9	−1	0
Other non-operating income (expense), net	15	−2	6	3	−2
INCOME BEFORE INCOME TAXES	502	516	748	761	229
Income tax provision	−139	−140	−184	−237	396
NET INCOME	363	376	564	524	612
Basic (in dollars per share)	4.17	4.74	8.1	6.94	7.46
Diluted (in dollars per share)	4.15	4.62	7.78	6.75	7.37
Basic (in shares)	87	79	70	76	82
Diluted (in shares)	87	81	73	78	83

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	132	372	496	307	305
Trade receivables	333	330	216	326	245
Inventory	106	90	72	60	60
Assets held for sale	0	10	13	5	22
Receivables from affiliate	14	46	19	33	—
Other current assets, net	353	176	113	133	121
Total current assets	938	1,024	929	864	753
PROPERTY, PLANT AND EQUIPMENT	7,523	6,738	3,437	3,228	2,845
Accumulated depreciation, depletion and amortization	−1,618	−1,058	−667	−442	−246
Total property, plant and equipment, net	5,905	5,680	2,770	2,786	2,599
INVESTMENT IN UNCONSOLIDATED SUBSIDIARIES	111	86	19	13	0
DEFERRED INCOME TAXES	76	73	132	164	396
OTHER NONCURRENT ASSETS	373	272	148	140	98
TOTAL ASSETS	7,403	7,135	3,998	3,967	3,846
Accounts payable	452	369	245	345	266
Accrued liabilities	598	611	366	298	297
Total current liabilities	1,050	980	616	894	854
Long-term debt, net	1,283	1,132	540	592	589
Asset retirement obligations	913	995	422	432	438
Deferred tax liabilities	154	113	0	—	—
Other long-term liabilities	329	377	201	185	145
Preferred stock (20,000,000 shares authorized at $0.01 par value); no shares outstanding at December 31, 2025 and 2024	0	0	0	0	0
Common stock (200,000,000 shares authorized at $0.01 par value); (110,645,691 and 109,613,585 shares issued; 88,754,165 and 91,100,322 shares outstanding at December 31, 2025 and 2024, respectively)	1	1	1	1	1
Treasury stock (21,891,526 shares held at cost at December 31, 2025 and 18,513,263 shares held at December 31, 2024)	−944	−796	−604	−461	−148
Additional paid-in capital	2,625	2,578	1,329	1,305	1,288
Retained earnings	1,905	1,680	1,419	938	475
Accumulated other comprehensive income	87	75	74	81	72
Total stockholders' equity	3,674	3,538	2,219	1,864	1,688
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	7,403	7,135	3,998	3,967	3,846

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Deferred income tax provision	85	71	35	226	−396
Net (gain) loss from commodity derivatives	−216	−211	20	551	676
Net proceeds (payments) on settled commodity derivatives	15	−64	−272	—	—
Other non-cash charges to income, net	187	139	103	43	62
Decrease in trade receivables	83	58	110	−81	−68
Increase in inventories	−6	−1	−12	0	0
Decrease in other current assets, net	2	28	0	35	−47
Decrease in accounts payable and accrued liabilities	−220	−182	−92	−11	8
Net cash provided by operating activities	865	610	653	690	660
Capital investments	−322	−255	−185	−379	−194
Changes in accrued capital investments	35	29	−13	1	20
Proceeds from asset divestitures	8	15	32	80	67
Purchase of a business, net of cash acquired	−440	−853	0	0	−52
Asset acquisitions	0	−6	−5	−17	—
Other, net	−6	−7	−4	−2	−2
Net cash used in investing activities	−725	−1,077	−175	−317	−161
Proceeds from Revolving Credit Facility	220	30	0	—	—
Repayments of Revolving Credit Facility	−220	−30	0	—	—
Repurchases of common stock	−377	−192	−143	−313	−148
Common stock dividends	−136	−113	−81	−59	−14
Dividend equivalents on equity-settled awards	−3	−4	0	0	—
Issuance of common stock	3	2	2	1	2
Bridge loan commitments	0	−5	0	0	—
Stock warrants exercised	0	130	0	0	—
Debt amendment costs	−3	−18	−8	—	—
Shares cancelled for taxes	−12	−42	−3	0	0
Debt redemption	−245	−303	−56	0	0
Net cash (used in) provided by financing activities	−380	343	−289	−371	−222
(Decrease) increase in cash and cash equivalents	−240	−124	189	2	277

Filings

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Frequently asked questions

What is California Resources Corp's CIK number?

California Resources Corp's SEC CIK number is 0001609253 (1609253). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find California Resources Corp's SEC filings?

All of California Resources Corp's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did California Resources Corp last report earnings?

California Resources Corp (CRC) most recently filed an earnings 8-K with the SEC on Jul 14, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001609253-26-000122). This is California Resources Corp's most recent earnings filing of record — not a forecast of its next earnings date.

What is California Resources Corp's most recent earnings 8-K?

California Resources Corp's latest earnings 8-K (Item 2.02) was filed Jul 14, 2026 under accession 0001609253-26-000122. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View California Resources Corp's latest earnings 8-K →
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