Filing Flows › California Resources (CRC) › Q2 2026 › vs Q1 2026
California Resources (CRC) Q2 2026 vs Q1 2026 (quarter over quarter)
California Resources's revenue rose $1.2B (+990%) from $119M in Q1 2026 to $1.3B in Q2 2026. The biggest changes: Other revenues +$1.0B (—); Oil +$161M (+19%); Natural gas −$15.0M (-52%). Operating margin 39.4% against -597.5% (+636.9 pts).
California Resources, Q2 2026: revenue $1.3B (+33% year over year), operating margin 39.4%, net earnings $514M, operating cash flow $263M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 39.4% | -597.5% | +636.9 pts |
| Net margin | 39.6% | -597.5% | +637.1 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Oil | $995M | $834M | $161M | +19% |
| Natural gas liquids | $47.0M | $42.0M | $5.0M | +12% |
| Natural gas | $14.0M | $29.0M | −$15.0M | -52% |
| Other revenues | $241M | −$786M | $1.0B | — |
| Revenue | $1.3B | $119M | $1.2B | +990% |
| Operating profit | $511M | −$711M | $1.2B | — |
| Costs & expenses | $786M | $830M | −$44.0M | -5% |
| Pre-tax earnings | $458M | −$760M | $1.2B | — |
| Other expense, net | $53.0M | $49.0M | $4.0M | +8% |
| SG&A | $97.0M | $106M | −$9.0M | -8% |
| Other operating costs | $689M | $724M | −$35.0M | -5% |
| Income tax benefit | $56.0M | $49.0M | $7.0M | +14% |
| Net earnings | $514M | −$711M | $1.2B | — |
| Depreciation & amortization | $131M | $133M | −$2.0M | -2% |
| Working capital & other | $382M | −$677M | $1.1B | — |
| Operating cash flow | $263M | $99.0M | $164M | +166% |
Questions
How much did California Resources's revenue grow quarter over quarter in Q2 2026?
California Resources's revenue rose $1.2B (+990%) from $119M in Q1 2026 to $1.3B in Q2 2026.
What drove California Resources's revenue change in Q2 2026?
Other revenues +$1.0B (—); Oil +$161M (+19%); Natural gas −$15.0M (-52%).