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How California Resources (CRC) makes money

California Resources (CRC) made $421M of revenue in the third quarter 2026 (Q3 2026), -51% from a year earlier.

Drawing the Sankey…

California Resources: revenue by line, Q1 2025 to Q2 2026California Resources: revenue by line, Q1 2025 to Q2 2026OilOther revenuesNatural gas liquidsNatural gasOil: $995M latest$995MOther revenues: $241M latest$241MNatural gas liquids: $47.0M latestNatural gas: $14.0M latestQ1 2025Q2 2025Q3 2025Q2 2026
Other revenues went from 11% of revenue in Q1 2025 to 19% in Q2 2026, the largest shift in the mix.
California Resources revenue by quarterCalifornia Resources revenue by quarter$912MQ1 2025$978MQ2 2025$855MQ3 2025$924MQ4 2025$119MQ1 2026$1.3BQ2 2026$421MQ3 2026
California Resources: where each dollar of revenue goesCalifornia Resources: where each dollar of revenue goesOperating cash flow72¢Free cash flow35¢

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$421M100.0%
Operating cash flow$305M72.4%
Free cash flow$147M34.9%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$421M-51%
Q2 2026$1.3B+33%
Q1 2026$119M-87%
Q4 2025$924M+5%
Q3 2025$855M-37%
Q2 2025$978M+90%
Q1 2025$912M+101%

From California Resources' 10-Q filed Nov 3, 2026 (on EDGAR).

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How does California Resources make money?

California Resources (CRC) made $421M of revenue in the third quarter 2026 (Q3 2026), -51% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.