CRC Q1 2022 Earnings — California Resources Corporation Revenue & Financial Results | Market Cap Arena

CRCCalifornia Resources Corporation

$6B

Q1 2022 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$715M+24.1% YoY

Gross Profit

$415M58.0% margin

Operating Income

$333M46.6% margin

Net Income

-$175M-24.5% margin

EPS (Diluted)

$-2.23

QoQ Revenue Growth

+1.1%

Cash Flow

Operating Cash Flow

$160M

Free Cash Flow

$61M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$4.0B

Total Liabilities

$2.6B

Stockholders' Equity

$1.4B

Cash & Equivalents

$328M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$715M	$576M	+24.1%
Gross Profit	$415M	$261M	+59.0%
Operating Income	$333M	$173M	+92.5%
Net Income	-$175M	-$94M	-86.2%

Revenue Segments

Sale Of Electricity

$34M39%

Sale Of Purchased Natural Gas

$32M37%

Product and Service, Other

$21M24%