Filing Flows › California Resources (CRC) › Q3 2026 › vs Q3 2025
California Resources (CRC) Q3 2026 vs Q3 2025 (year over year)
California Resources's revenue fell $434M (-51%) from $855M in Q3 2025 to $421M in Q3 2026. The biggest changes: Revenue from contracts with customers +$287M (+40%).
California Resources, Q3 2026: revenue $421M (-51% year over year), operating margin -96.7%, net loss $315M, operating cash flow $305M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 34.9% | 22.0% | +12.9 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Oil | $929M | $653M | $276M | +42% |
| Natural gas liquids | $47.0M | $36.0M | $11.0M | +31% |
| Natural gas | $26.0M | $26.0M | $0 | 0% |
| Revenue from contracts with customers | $1.0B | $715M | $287M | +40% |
| Revenue | $421M | $855M | −$434M | -51% |
| Other revenues (net loss) | $581M | −$140M | $721M | — |
| Income tax benefit | $113M | −$11.0M | $124M | — |
| Net loss | $315M | −$64.0M | $379M | — |
| Costs & expenses | $849M | $855M | −$6.0M | -0.7% |
| Operating costs | $828M | $757M | $71.0M | +9% |
| Interest & other, net | $21.0M | $23.0M | −$2.0M | -9% |
| SG&A | $89.0M | $87.0M | $2.0M | +2% |
| Other operating costs | $739M | $670M | $69.0M | +10% |
| Operating cash sources | $620M | $215M | $405M | +188% |
| Depreciation & amortization | $137M | $123M | $14.0M | +11% |
| Working capital & other | $483M | $92.0M | $391M | +425% |
| Net loss absorbed | $315M | −$64.0M | $379M | — |
| Operating cash flow | $305M | $279M | $26.0M | +9% |
| Free cash flow (company-reported) | $147M | $188M | −$41.0M | -22% |
| Capital investments | $158M | $91.0M | $67.0M | +74% |
Questions
How much did California Resources's revenue grow year over year in Q3 2026?
California Resources's revenue fell $434M (-51%) from $855M in Q3 2025 to $421M in Q3 2026.
What drove California Resources's revenue change in Q3 2026?
Revenue from contracts with customers +$287M (+40%).