CRC Q3 2023 Earnings — California Resources Corporation Revenue & Financial Results | Market Cap Arena

CRCCalifornia Resources Corporation

$6B

Q3 2023 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$664M-24.7% YoY

Gross Profit

$330M49.7% margin

Operating Income

$217M32.7% margin

Net Income

-$22M-3.3% margin

EPS (Diluted)

$-0.32

QoQ Revenue Growth

+18.6%

Cash Flow

Operating Cash Flow

$104M

Free Cash Flow

$71M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$4.0B

Total Liabilities

$1.9B

Stockholders' Equity

$2.0B

Cash & Equivalents

$479M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$664M	$882M	-24.7%
Gross Profit	$330M	$454M	-27.3%
Operating Income	$217M	$351M	-38.2%
Net Income	-$22M	$426M	-105.2%

Revenue Segments

Oil and Condensate

$402M79%

Natural Gas, Production

$61M12%

Propane

$47M9%