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California Resources vs Phoenix Energy One, LLC: CRC and PHXE-P compared
California Resources is the larger company: $421M of revenue in its latest quarter (Q3 2026) against $406M for Phoenix Energy One, LLC (Q2 2026). Phoenix Energy One, LLC is growing faster (+148% against -51% a year earlier). Phoenix Energy One, LLC is more profitable, with an operating margin of 40.3% against -96.7%.
Where the money goes: CRC and PHXE-P
California Resources (CRC) · Q3 2026
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.
Phoenix Energy One, LLC (PHXE-P) · Q2 2026
Phoenix Energy One, LLC, Q2 2026: revenue $406M (+148% year over year), operating margin 40.3%, net earnings $106M, operating cash flow $173M. The chart follows the revenue to costs, profit and cash.
| California Resources (CRC) | Phoenix Energy One, LLC (PHXE-P) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $421M | $406M |
| Revenue growth, Y/Y | -51% | +148% |
| Operating margin | -96.7% | 40.3% |
| Net earnings | −$315M | $106M |
| Net margin | -74.8% | 26.1% |
| Operating cash flow | $305M | $173M |
| Free cash flow | $147M | — |
| Market value | $4.2B | $2.5B |
| Analysts’ mean target | $74.92 | — |
Where the revenue comes from
Phoenix Energy One, LLC
- Product: $242M (60%)
- Crude Oil: $108M (27%)
- Mineral and Royalty: $49.1M (12%)
- Water Services: $6.1M (2%)
Questions
Which is bigger, California Resources or Phoenix Energy One, LLC?
California Resources is the larger company: $421M of revenue in its latest quarter (Q3 2026) against $406M for Phoenix Energy One, LLC (Q2 2026).
Is California Resources or Phoenix Energy One, LLC growing faster?
Phoenix Energy One, LLC is growing faster (+148% against -51% a year earlier).
Which is more profitable, California Resources or Phoenix Energy One, LLC?
Phoenix Energy One, LLC is more profitable, with an operating margin of 40.3% against -96.7%.
More: California Resources earnings · how California Resources makes money · Phoenix Energy One, LLC earnings · how Phoenix Energy One, LLC makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 10-Q filed Aug 10, 2026). Fiscal quarters can end on different dates. Not investment advice.