CRC Q1 2024 Earnings — California Resources Corporation Revenue & Financial Results | Market Cap Arena

CRCCalifornia Resources Corporation

$6B

Q1 2024 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$525M-46.5% YoY

Gross Profit

$201M38.3% margin

Operating Income

$106M20.2% margin

Net Income

-$10M-1.9% margin

EPS (Diluted)

$-0.14

QoQ Revenue Growth

-13.5%

Cash Flow

Operating Cash Flow

$79M

Free Cash Flow

$25M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$3.9B

Total Liabilities

$1.8B

Stockholders' Equity

$2.1B

Cash & Equivalents

$403M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$525M	$982M	-46.5%
Gross Profit	$201M	$467M	-57.0%
Operating Income	$106M	$360M	-70.6%
Net Income	-$10M	$301M	-103.3%

Revenue Segments

Oil and Condensate

$348M78%

Propane

$49M11%

Natural Gas, Production

$48M11%