Filing Flows › California Resources (CRC) › Q3 2026
California Resources (CRC) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 3, 2026
California Resources (CRC) reported revenue of $421M for the third quarter 2026 (Q3 2026), -51% from a year earlier and -68% from the quarter before. Operating margin was -96.7%, net loss $315M (74.8% of revenue).
California Resources, Q3 2026: revenue $421M (-51% year over year), operating margin -96.7%, net loss $315M, operating cash flow $305M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $421M | -68% | -51% |
| Operating profit | −$407M | -180% | -515% |
| Net earnings | −$315M | -161% | -592% |
| Operating cash flow | $305M | +16% | +9% |
| Free cash flow | $147M | — | -22% |
What changed
Revenue was $421.0M in Q3 2026, down 51% year over year and down 68% from the previous quarter. Oil was the largest line, $929.0M against total revenue of $421.0M (other lines net negative).
Operating costs exceeded revenue by $407.0M, an operating margin of -96.7%. Total costs grew 9% against a revenue fall of 51%. The fastest-growing cost line was Other operating costs (+10%). The quarter ended with a net loss of $315.0M, after a profit of $514.0M the previous quarter.
Operating cash flow was $305.0M (up 9% year over year). Non-cash charges added back $137.0M of depreciation and amortization. Working capital and other items added $483.0M. After capital investments ($158.0M), free cash flow as the company reports it was $147.0M.
Questions
What was California Resources' revenue in the third quarter 2026?
California Resources (CRC) reported revenue of $421M for the third quarter 2026 (Q3 2026), -51% from a year earlier and -68% from the quarter before.
Was California Resources profitable in the third quarter 2026?
Operating loss was $407M (-96.7% of revenue) and net loss $315M.