CRC Q1 2023 Earnings — California Resources Corporation Revenue & Financial Results | Market Cap Arena

CRCCalifornia Resources Corporation

$6B

Q1 2023 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$982M+37.3% YoY

Gross Profit

$467M47.6% margin

Operating Income

$360M36.7% margin

Net Income

$301M30.7% margin

EPS (Diluted)

$4.09

QoQ Revenue Growth

+20.6%

Cash Flow

Operating Cash Flow

$310M

Free Cash Flow

$263M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$4.0B

Total Liabilities

$1.9B

Stockholders' Equity

$2.1B

Cash & Equivalents

$477M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$982M	$715M	+37.3%
Gross Profit	$467M	$415M	+12.5%
Operating Income	$360M	$333M	+8.1%
Net Income	$301M	-$175M	+272.0%

Revenue Segments

Sale Of Purchased Natural Gas

$184M69%

Sale Of Electricity

$68M25%

Product and Service, Other

$15M6%