CRC Q2 2022 Earnings — California Resources Corporation Revenue & Financial Results | Market Cap Arena

CRCCalifornia Resources Corporation

$6B

Q2 2022 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$847M+48.9% YoY

Gross Profit

$483M57.0% margin

Operating Income

$385M45.5% margin

Net Income

$190M22.4% margin

EPS (Diluted)

$2.41

QoQ Revenue Growth

+18.5%

Cash Flow

Operating Cash Flow

$181M

Free Cash Flow

$83M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$4.0B

Total Liabilities

$2.5B

Stockholders' Equity

$1.5B

Cash & Equivalents

$324M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$847M	$569M	+48.9%
Gross Profit	$483M	$283M	+70.7%
Operating Income	$385M	$198M	+94.4%
Net Income	$190M	-$111M	+271.2%

Revenue Segments

Sale Of Purchased Natural Gas

$75M58%

Sale Of Electricity

$49M38%

Product and Service, Other

$5M4%