CRC Q3 2020 Earnings — California Resources Corporation Revenue & Financial Results | Market Cap Arena

CRCCalifornia Resources Corporation

$5B

Q3 2020 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$409M-36.5% YoY

Gross Profit

$115M28.1% margin

Operating Income

$9M2.2% margin

Net Income

-$29M-7.1% margin

EPS (Diluted)

$2.20

QoQ Revenue Growth

+46.1%

Cash Flow

Operating Cash Flow

$48M

Free Cash Flow

$44M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$4.9B

Total Liabilities

$6.4B

Stockholders' Equity

-$2.3B

Cash & Equivalents

$122M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$409M	$644M	-36.5%
Gross Profit	$115M	$300M	-61.7%
Operating Income	$9M	$192M	-95.3%
Net Income	-$29M	$93M	-131.2%

Revenue Segments

Oil and Condensate

$246M60%

Marketing and Trading Revenue

$50M12%

Sale Of Electricity

$43M11%

Natural Gas, Production

$34M8%

Propane

$32M8%

Product and Service, Other

$4M1%