Every 10-Q that California Resources Corporation (CRC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow CRC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CRC filings page.
California Resources Corporation reported stronger quarterly performance while absorbing merger and hedging impacts. For the three months ended June 30, 2026, total operating revenues were $1,297 million, up from $978 million a year earlier, driven by higher oil prices and volumes including Berry’s contribution. Quarterly net income rose to $514 million (basic EPS $5.79) versus $172 million (EPS $1.93) in 2025, helped by a $205 million net gain on commodity sales derivatives.
For the six-month period, results were weaker: operating revenues were $1,416 million versus $1,890 million in 2025 and CRC recorded a net loss of $197 million versus income of $287 million, largely due to a $643 million net loss on commodity sales derivatives. Operating cash flow was $362 million for the first half, funding $280 million of capital investments, $72 million of dividends, and modest share repurchases. The Berry all-stock merger was preliminarily valued at $709 million, while CRC agreed to acquire Crimson Midstream for about $63 million. The company refinanced its debt stack with new $750 million 2034 and $550 million 2035 senior notes, fully redeeming 8.250% 2029 notes, and ended the quarter with $1,281 million of long-term debt and $56 million of cash. CRC advanced its carbon management strategy, beginning first CO₂ injection at its Elk Hills 26R reservoir and recording initial, though still insignificant, carbon-management revenue.
California Resources Corporation reported a sharp swing to a net loss of $711 million for the quarter ended March 31 2026, compared with prior-year profitability. Total operating revenues fell to $119 million, largely because of a non-cash loss of $792 million on commodity derivatives.
Underlying operations grew after the all-stock Berry Merger, which closed in late 2025. Oil, natural gas and NGL sales rose to $905 million, with net production increasing to 154 MBoe/d, including 19 MBoe/d from Berry assets. Operating costs and G&A rose with the larger asset base and integration expenses.
The company continued to reshape its balance sheet, issuing an additional $350 million of 7.000% 2034 Senior Notes and using proceeds to redeem $350 million of 8.250% 2029 Senior Notes, recognizing a $21 million loss on early extinguishment. Long-term debt stood at $1.31 billion, while liquidity totaled about $1.28 billion, including cash and availability under the $1.46 billion Revolving Credit Facility.
California Resources Corporation reported Q3 2025 results. Total operating revenues were $855 million versus $1,353 million a year ago, with net income of $64 million compared to $345 million. Diluted EPS was $0.76 versus $3.78.
Operating income was $98 million and operating cash flow reached $279 million. Cash and cash equivalents were $196 million at quarter end. The Revolving Credit Facility had $176 million of letters of credit outstanding and $974 million of availability; the $1.5 billion borrowing base was reaffirmed in October 2025.
The company repurchased 7,787,969 shares year-to-date for $354 million and paid a quarterly dividend of $0.3875 per share. Shares outstanding were 83,711,931 as of September 30, 2025.
CRC announced a pending all‑stock merger with Berry Corporation at an exchange ratio of 0.0718 CRC shares per Berry share, subject to stockholder and regulatory approvals. The company continues to manage commodity exposure with Brent-linked options and swaps and natural gas hedges.