California Resources Corp income statement
In fiscal 2025, California Resources Corp reported revenue of $3.67bn, up 14.7% on the year before, operating income of $598m (a 16.3% margin) and net income of $363m, or $4.15 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4,073 | 4,284 | 4,173 | 2,403 | 1,547 | 2,006 | 3,064 | 2,634 | 1,889 | 2,707 | 2,801 | 3,198 | 3,669 | 3,981 |
| Cost of revenue | — | — | — | — | — | 1,933 | 2,295 | 2,205 | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | 73 | 769 | 429 | — | — | — | — | — | — |
| Selling, general and administrative | — | — | 302 | 354 | 235 | 249 | 299 | 290 | 200 | 222 | 267 | 321 | 333 | 385 |
| Operating income | — | — | −2,349 | −5,142 | −293 | 73 | 769 | 429 | 293 | 812 | 808 | 620 | 598 | −55 |
| Income before tax | 1,181 | 1,447 | −2,421 | −5,476 | 201 | −262 | 429 | 100 | 229 | 761 | 748 | 516 | 502 | −204 |
| Income tax | 482 | 578 | −987 | −1,922 | −78 | 0 | 0 | 1 | −396 | 237 | 184 | 140 | 139 | −83 |
| Net income | 699 | 869 | −1,434 | −3,554 | 279 | −266 | 328 | −28 | 612 | 524 | 564 | 376 | 363 | −121 |
| Diluted EPS | $18.00 | $22.40 | −$37.54 | −$92.79 | $6.76 | −$6.26 | $6.77 | −$0.57 | $7.37 | $6.75 | $7.78 | $4.62 | $4.15 | −$1.39 |
| Diluted shares (average) | 38m | 38m | 38m | 38m | 40m | 43m | 47m | 49m | 83m | 78m | 73m | 81m | 87m | 87m |
| EBITDA | — | — | −1,151 | −4,138 | 266 | 617 | 1,271 | 900 | 506 | 1,010 | 1,033 | 1,008 | 1,109 | 461 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,353 | 877 | 912 | 978 | 855 | 924 | 905 | 1,297 |
| Selling, general and administrative | 106 | 95 | 72 | 79 | 87 | 95 | 106 | 97 |
| Operating income | 518 | 68 | 186 | 267 | 98 | 47 | −711 | 511 |
| Interest expense | 29 | — | 27 | 25 | 25 | — | 29 | 28 |
| Income before tax | 483 | 41 | 162 | 242 | 75 | 23 | −760 | 458 |
| Income tax | 138 | 8 | 47 | 70 | 11 | 11 | −49 | −56 |
| Net income | 345 | 33 | 115 | 172 | 64 | 12 | −711 | 514 |
| Diluted EPS | $3.78 | $0.20 | $1.26 | $1.92 | $0.76 | $0.18 | −$8.02 | $5.76 |
| EBITDA | 658 | 210 | 317 | 395 | 221 | 176 | −578 | 642 |
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