See more : Thinking Electronic Industrial Co., Ltd. (2428.TW) 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)
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 (CRC) to Snap Up Aera, Boost Portfolio
California Resources (CRC) and Aera Energy's merger will add large, conventional, low decline, oil-weighted, proved developed producing reserves to CRC's asset bases and sustainable cash flows.
Shareholder Alert: Ademi LLP investigates whether California Resources Corporation has obtained a Fair Price in its transaction with Aera Energy
MILWAUKEE , Feb. 9, 2024 /PRNewswire/ -- Ademi LLP is investigating CRC (NYSE: CRC) for possible breaches of fiduciary duty and other violations of law in its transaction with Aera Energy. Click here to learn how to join the https://www.ademilaw.com/case/california-resources-corporation...
CRC Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of California Resources Corporation Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of California Resources Corporation (NYSE: CRC) and Aera Energy, LLC is fair to California Resources shareholders. Upon completion of the proposed transaction, California Resources shareholders...
California Resources to buy Aera in $2.1 bln deal
U.S. energy firm California Resources will buy Aera Energy in an all-stock transaction valued at $2.1 billion, the company said on Wednesday.
California Resources Corporation to Combine with Aera Energy
LONG BEACH, Calif.--(BUSINESS WIRE)-- #californiaenergy--California Resources Corporation (NYSE: CRC) today announced the signing of a definitive merger agreement to combine with Aera Energy, LLC (Aera) in an all-stock transaction. The transaction values Aera at approximately $2.1 billion, inclusive of Aera's...
California Resources Corporation Expecting Strong Fourth Quarter 2023 Results; Schedules Fourth Quarter and Full Year 2023 Earnings Conference Call
LONG BEACH, Calif--(BUSINESS WIRE)-- #Californiaenergy--California Resources Corporation (NYSE: CRC) updated select guidance ranges for the fourth quarter of 2023 in conjunction with its participation in various investor conferences later this month. CRC's fourth quarter of 2023 free cash flow1 is...
U.S. EPA Releases Draft Class VI Permits to CRC's Carbon TerraVault for CO2 Injection and Storage in California
LONG BEACH, Calif.--(BUSINESS WIRE)-- #California--California Resources Corporation (NYSE:CRC) and its carbon management business, Carbon TerraVault (CTV), today announced that the U.S. Environmental Protection Agency (EPA) released draft Class VI well permits for underground carbon dioxide (CO2) injection and storage in...
California Resources Corporation Announces January Investor Conference Participation
LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC), an independent energy and carbon management company committed to energy transition, announced today that the Company's executives will be participating in the following events in January 2024: Goldman Sachs Global Energy and...
Exclusive: No Lithium Without Water - Canter Resources Obtains Water Permits Advancing Columbus Lithium-Boron Project - California Resources (NYSE:CRC)
Canter Resources Corp. CRC CNRCF has cleared a significant hurdle in its quest for lithium as it announced the approval of formal water permits by the Nevada Division of Water Rights (NDWR).
Should Value Investors Buy California Resources (CRC) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong...
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