Short answer
California Resources Corp (CRC) filed its Q1 2026 10-Q quarterly report on May 6, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $905M (up 11.2% year over year) with net income of −$711M.
Q1 2026 key financials · XBRL
- Revenue
- $905M
- +11.2% YoY
- Net income
- −$711M
- −718.3% YoY
- Operating margin
- -78.6%
- EPS (diluted)
- −$8.02
- −736.5% YoY
Source: XBRL data from the California Resources Corp (CRC) Q1 2026 10-Q on SEC EDGAR. USD.
California Resources Corp Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Oil and gas benchmarks rose: Brent $77.90 vs $63.08; WTI $71.93 vs $59.14
- Tariffs expected to increase oilfield costs and delivery times
- Fuel and oil-based product costs expected $6 million–$8 million higher for remainder of 2026
- 66 new-well permits, 21 workovers and 2 sidetracks received in Q1 2026
- Seven-rig program supported by permits for second half of 2026
Risk Factors
- No material risk-factor changes during three months ended March 31, 2026
- Carried-forward risks remained governed by the 2025 Annual Report
- Share-repurchase authorization up to $1.78 billion through December 31, 2027
- Debt-agreement limitations constrain share repurchases under the program
- Remaining repurchase capacity $600 million as of March 31, 2026
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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