MARKETS / NYSE / CRC

NYSE · CRUDE PETROLEUM & NATURAL GAS · LARGE CAP

California Resources Corp. CRC

13 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$2.9B

▲ 14.7% YoY

Net income

$363.0M

▼ 3.5% YoY

Free cash flow

$543.0M

▲ 53.0% YoY

In brief

What this company does

California Resources Corporation sells crude oil, natural gas and NGLs primarily to California refineries, marketers and other purchasers with access to transportation and storage facilities. As of December 31, 2025, it held approximately 2 million net mineral acres. Its operated asset base spans 68 distinct fields with approximately 22,000 net operated wells. It had approximately 2,500 employees as of December 31, 2025, compared with approximately 1,550 as of December 31, 2024, all located in the United States. The company's business is organized into two reporting segments: oil and natural gas and carbon management.

Written from the business description in California Resources Corp's annual report to the U.S. Securities and Exchange Commission, filed 2 March 2026. Every sentence was checked against that document before publication.

Growth

USD 2.9B

Revenue, FY2025 · full 13-year series below

Revenue $B Net income $B

FY2025 · Revenue 2.9 · Net income 0.4

Compound annual growth

Revenue

+3.3%

+1.9%

Net income

−11.5%

Returned to shareholders

+11.2%

+45.5%

3 yrs

5 yrs

10 yrs

15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

12 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 20.5% · Net 12.5%

ROE

FY2025 · ROE 10.1%

Gross margin—

Operating margin20.5%

Net margin12.5%

Return on assets5.0%

EBITDAUSD 1.1B

Each USD of equity produced 10 cents of profit this year.

Cash & shareholders

USD 510.0M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 543.0

Net buybacks $M Dividends $M

FY2025 · Dividends 136.0 · Net buybacks 374.0

Dividends paidUSD 136.0M

Net buybacksUSD 374.0M

Share of profit140.5%

Consecutive raises—

USD 136.0M in dividends and USD 374.0M in buybacks — 140% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 7.4B

EquityUSD 3.7B

CashUSD 132.0M

Gross debtUSD 1.3B

Net debtUSD 1.2B

Current ratio0.89×

Net debt stands at 31% of equity.

The 13-year record

13 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2019	2018	2017	2016	2015	2014	2013	2012
Revenue $B	2.9	2.5	2.2	2.6	2.0	2.3	2.6	1.9	1.6	2.4	4.2	4.3	4.1
Operating income $B	0.6	0.6	0.8	0.8	0.3	0.4	0.8	0.1	−0.3	−5.1	−2.3	1.4	1.2
EBITDA $B	1.1	1.0	1.0	1.0	0.5	0.9	1.3	0.6	0.3	−4.1	−1.2	2.6	2.1
Income tax $B	0.1	0.1	0.2	0.2	−0.4	0.0	0.0	0.0	−0.1	−1.9	−1.0	0.6	0.5
Net income $B	0.4	0.4	0.6	0.5	0.6	−0.0	0.3	−0.3	0.3	−3.6	−1.4	0.9	0.7
Free cash flow $B	0.5	0.4	0.5	0.3	0.5	0.2	−0.2	−0.1	0.1	0.0	0.3	0.8	−0.1
EPS, diluted $	4.15	4.62	7.78	6.75	7.37	−0.57	6.77	−6.26	6.76	−92.79	−37.54	2.24	1.80
Dividend / sh $	1.57	1.40	1.16	0.79	0.17	·	·	·	·	0.30	·	·	·
Payout %	37	30	14	11	2	−0	·	·	·	−0	·	·	·
ROE %	10.1	13.1	27.6	29.5	43.3	·	·	·	·	−419.4	−22.8	8.7	·
Shares out B	0.09	91.10	68.69	71.95	79.30	0.05	0.05	0.04	0.04	0.04	0.04	·	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 53 reconciliationsAUDITED

Reconciled in 14 of 19 fiscal years. 39 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityCrude Petroleum & Natural Gas

Listed onNYSE

Incorporated inDelaware

Fiscal year endsDecember 31

Data on record since2012