CRC Q2 2023 Earnings — California Resources Corporation Revenue & Financial Results | Market Cap Arena

CRCCalifornia Resources Corporation

$6B

Q2 2023 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$560M-33.9% YoY

Gross Profit

$250M44.6% margin

Operating Income

$137M24.5% margin

Net Income

$97M17.3% margin

EPS (Diluted)

$1.35

QoQ Revenue Growth

-43.0%

Cash Flow

Operating Cash Flow

$108M

Free Cash Flow

$69M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$3.9B

Total Liabilities

$1.8B

Stockholders' Equity

$2.1B

Cash & Equivalents

$448M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$560M	$847M	-33.9%
Gross Profit	$250M	$483M	-48.2%
Operating Income	$137M	$385M	-64.4%
Net Income	$97M	$190M	-48.9%

Revenue Segments

Sale Of Purchased Natural Gas

$72M64%

Sale Of Electricity

$34M30%

Product and Service, Other

$7M6%