California Resources Corporation (CRC) Income Statement Analysis

See more : Procrea Holdings, Inc. (7384.T) Income Statement Analysis – Financial Results

Complete financial analysis of California Resources Corporation (CRC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of California Resources Corporation, a leading company in the Oil & Gas Exploration & Production industry within the Energy sector.

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California Resources Corporation (CRC)

Industry: Oil & Gas Exploration & Production

Sector: Energy

Website: https://www.crc.com

About California Resources Corporation

California Resources Corporation operates as an independent oil and natural gas company. The company explores for, produces, gathers, processes, and markets crude oil, natural gas, and natural gas liquids for marketers, California refineries, and other purchasers that have access to transportation and storage facilities. As of December 31, 2021, it had interests in approximately 1.9 million net mineral acres with proved reserves totaled an estimated 480 million barrels of oil equivalent. The company also engages in the generation and sale of electricity to the local utility and the grid. The company was incorporated in 2014 and is based in Santa Clarita, California.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Revenue	2.81B	3.26B	2.57B	1.61B	2.69B	3.06B	2.10B	1.75B	2.40B	4.17B	4.29B	4.07B	3.94B
Cost of Revenue	1.41B	1.47B	1.29B	1.30B	1.46B	1.41B	1.42B	1.36B	1.96B	2.22B	2.21B	2.15B	1.75B
Gross Profit	1.41B	1.79B	1.28B	308.00M	1.23B	1.65B	676.00M	394.00M	448.00M	1.95B	2.08B	1.93B	2.19B
Gross Profit Ratio	49.95%	54.79%	49.71%	19.14%	45.79%	53.84%	32.25%	22.48%	18.64%	46.78%	48.42%	47.34%	55.59%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	267.00M	222.00M	200.00M	252.00M	290.00M	299.00M	259.00M	248.00M	354.00M	336.00M	326.00M	273.00M	287.00M
Selling & Marketing	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	267.00M	222.00M	200.00M	252.00M	290.00M	299.00M	259.00M	248.00M	354.00M	336.00M	326.00M	273.00M	287.00M
Other Expenses	330.00M	257.00M	202.00M	155.00M	455.00M	-23.00M	-7.00M	30.00M	392.00M	563.00M	302.00M	445.00M	261.00M
Operating Expenses	597.00M	479.00M	402.00M	407.00M	745.00M	881.00M	523.00M	494.00M	746.00M	899.00M	628.00M	718.00M	548.00M
Cost & Expenses	2.01B	1.95B	1.69B	1.71B	2.21B	2.30B	1.94B	1.85B	2.70B	3.12B	2.84B	2.86B	2.30B
Interest Income	0.00	53.00M	54.00M	217.00M	383.00M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	56.00M	53.00M	54.00M	217.00M	383.00M	379.00M	343.00M	328.00M	326.00M	72.00M	0.00	0.00	0.00
Depreciation & Amortization	225.00M	241.00M	263.00M	362.00M	514.00M	545.00M	571.00M	562.00M	1.00B	1.20B	1.14B	926.00M	675.00M
EBITDA	1.08B	1.31B	871.00M	2.45B	997.00M	1.35B	652.00M	1.08B	-4.14B	-1.05B	2.73B	2.14B	2.39B
EBITDA Ratio	38.22%	40.15%	33.96%	-11.68%	15.45%	24.32%	32.92%	27.90%	231.29%	135.47%	60.47%	53.15%	58.81%
Operating Income	808.00M	1.11B	658.00M	-1.89B	-55.00M	769.00M	63.00M	-306.00M	-122.00M	-2.35B	1.45B	1.18B	1.64B
Operating Income Ratio	28.72%	34.07%	25.65%	-117.15%	-2.04%	25.11%	3.01%	-17.46%	-5.08%	-56.29%	33.77%	29.00%	41.67%
Total Other Income/Expenses	-60.00M	-51.00M	-64.00M	2.02B	-329.00M	-107.00M	-403.00M	494.00M	-5.35B	-3.40B	-140.00M	-41.00M	0.00
Income Before Tax	748.00M	761.00M	229.00M	1.87B	100.00M	429.00M	-262.00M	201.00M	-5.48B	-2.42B	1.45B	1.18B	1.64B
Income Before Tax Ratio	26.59%	23.36%	8.93%	116.28%	3.71%	14.01%	-12.50%	11.47%	-227.88%	-58.02%	33.77%	29.00%	41.67%
Income Tax Expense	184.00M	237.00M	-396.00M	-1.46B	1.00M	101.00M	340.00M	-78.00M	-1.92B	-987.00M	578.00M	482.00M	670.00M
Net Income	564.00M	524.00M	612.00M	3.34B	99.00M	328.00M	-266.00M	279.00M	-3.55B	-1.43B	869.00M	699.00M	971.00M
Net Income Ratio	20.05%	16.08%	23.86%	207.27%	3.68%	10.71%	-12.69%	15.92%	-147.90%	-34.36%	20.28%	17.16%	24.66%
EPS	8.10	6.94	7.46	40.03	2.02	6.92	-6.26	6.76	-92.79	-37.54	17.31	13.93	2.51
EPS Diluted	7.78	6.75	7.37	40.03	2.02	6.92	-6.26	6.76	-92.79	-37.54	17.31	13.93	2.51
Weighted Avg Shares Out	69.60M	75.50M	82.00M	83.32M	49.00M	47.40M	42.49M	40.40M	38.30M	38.20M	49.40M	49.40M	387.00M
Weighted Avg Shares Out (Dil)	72.50M	77.60M	83.00M	83.32M	49.00M	47.40M	42.50M	40.40M	38.30M	38.20M	49.40M	49.40M	387.00M

California Resources Corporation Appoints Nelly Molina as Executive Vice President and Chief Financial Officer

May 1, 2023businesswire.com

LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC), an independent energy and carbon management company committed to energy transition, today announced that Manuela (Nelly) Molina has been appointed as Executive Vice President and Chief Financial Officer, effective May 8, 2023....

Collection of signatures for the restoration of air communication with Russia has begun in Cyprus

April 23, 2023easternherald.com

The Coordinating Council of Russian Compatriots (CRC) in Cyprus has launched the collection of signatures for the resumption of air traffic with Russia. Flights between the countries were suspended about […]...

California Resources Corporation Schedules First Quarter 2023 Earnings Conference Call

April 4, 2023businesswire.com

LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) announced today that it will host its first quarter 2023 financial results conference call on Tuesday, May 2nd at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time). The Company's earnings will be...

New Strong Sell Stocks for March 1st

March 1, 2023zacks.com

CRC, ATSG and CADE have been added to the Zacks Rank #5 (Strong Sell) List on March 1, 2023.

New Strong Sell Stocks for February 27th

February 27, 2023zacks.com

ATUS, CALT and CRC have been added to the Zacks Rank #5 (Strong Sell) List on February 27, 2023.

California Resources Corp (CRC) Q4 2022 Earnings Call Transcript

February 24, 2023seekingalpha.com

California Resources Corp (NYSE:CRC ) Q4 2022 Earnings Conference Call February 24, 2023 1:00 PM ET Company Participants Joanna Park - VP, IR Mark McFarland - President, CEO & Director Francisco Leon - EVP & CFO Chris Gould - EVP...

California Resources Corporation (CRC) Q4 Earnings and Revenues Lag Estimates

February 24, 2023zacks.com

California Resources Corporation (CRC) delivered earnings and revenue surprises of -29.94% and 20.51%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

California Resources Corporation Initiates Strategic Realignment of Business Operations and Corporate Structure to Maximize Cash Flow Per Share

February 24, 2023businesswire.com

LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) (“CRC” or the “Company”) announced today a strategic realignment of the Company's business operations and structure. The Company intends to reduce costs to align with activity levels, increase its financial flexibility and...

California Resources Corporation Generates Record $690 Million of Operating Cash Flow and $311 Million of Free Cash Flow in 2022

February 24, 2023businesswire.com

LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC), an independent oil and natural gas company committed to energy transition in the sector, today reported fourth quarter and full year 2022 operational and financial results. "CRC continued to deliver as we...