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California Resources (CRC) operating margin by quarter

California Resources' operating margin was 39.4% in Q2 2026 (second quarter 2026), +34.3 pts from Q4 2025. Over the last 5 quarters it ranged from 5.1% (Q4 2025) to 39.4% (Q2 2026).

California Resources operating margin by quarterCalifornia Resources operating margin by quarter20.4%Q1 202527.3%Q2 202511.5%Q3 20255.1%Q4 202539.4%Q2 2026
QuarterOperating marginQ/QY/Y
Q2 202639.4%+34.3 pts+12.1 pts
Q4 20255.1%-6.4 pts—
Q3 202511.5%-15.8 pts—
Q2 202527.3%+6.9 pts—
Q1 202520.4%——

Q2 2026 at a glance

California Resources, Q2 2026: revenue $1.3B (+33% year over year), operating margin 39.4%, net earnings $514M, operating cash flow $263M. The chart follows the revenue to costs, profit and cash.

Questions

What is California Resources' operating margin?

California Resources' operating margin was 39.4% in Q2 2026 (second quarter 2026), +34.3 pts from Q4 2025.

How has California Resources' operating margin changed?

Over the last 5 quarters it ranged from 5.1% (Q4 2025) to 39.4% (Q2 2026).

Q2 2026 results → · How California Resources makes money →