See more : Leen Alkhair Trading Company (9555.SR) 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 |
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California Resources Corporation (CRC) Q3 2023 Earnings Call Transcript
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LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC), an independent energy and carbon management company committed to energy transition, today reported third quarter 2023 operational and financial results. "CRC's strong third-quarter performance demonstrates the hard work of our team and...
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LONG BEACH, Calif.--(BUSINESS WIRE)--Carbon TerraVault (CTV), a subsidiary of California Resources Corporation (NYSE: CRC) which provides carbon management services that include capture, transport and storage of carbon dioxide (CO2) for its customers, today provided an update on its operations. “During...
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California Resources: A Counterintuitive Play In A State Planning To Eliminate Fossil Fuels
California Resources operates in an environment of limited new drilling due to regulatory and permitting challenges, forcing it to return money to shareholders and diversify its portfolio. CRC owns valuable land in California and has drilling expertise, which could potentially...
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