CRC Q2 2019 Earnings — California Resources Corporation Revenue & Financial Results | Market Cap Arena

CRCCalifornia Resources Corporation

$5B

Q2 2019 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$632M-11.7% YoY

Gross Profit

$271M42.9% margin

Operating Income

$156M24.7% margin

Net Income

$12M1.9% margin

EPS (Diluted)

$0.24

QoQ Revenue Growth

-18.9%

Cash Flow

Operating Cash Flow

$114M

Free Cash Flow

-$26M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$7.0B

Total Liabilities

$6.5B

Stockholders' Equity

-$408M

Cash & Equivalents

$27M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$632M	$716M	-11.7%
Gross Profit	$271M	$354M	-23.4%
Operating Income	$156M	$227M	-31.3%
Net Income	$12M	-$82M	+114.6%

Revenue Segments

Oil and Condensate

$496M78%

Natural Gas, Production

$43M7%

Propane

$39M6%

Trading Income From Marketing

$38M6%

Sale Of Electricity

$16M3%