Short answer
California Resources Corp (CRC) filed its Q2 2026 10-Q quarterly report on Aug 10, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $1.1B (up 50.4% year over year) with net income of $514M.
Q2 2026 key financials · XBRL
- Revenue
- $1.1B
- +50.4% YoY · +16.7% QoQ
- Net income
- $514M
- +198.8% YoY · +172.3% QoQ
- Operating margin
- 48.4%
- EPS (diluted)
- $5.80
- +202.1% YoY · +172.3% QoQ
Source: XBRL data from the California Resources Corp (CRC) Q2 2026 10-Q on SEC EDGAR. USD.
California Resources Corp Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Brent oil $96.87/Bbl in Q2 2026 vs $70.84/Bbl YoY
- Supplier and fuel-cost pressures expected to increase 2026 costs by approximately $9 million
- Pipeline pro-ration and force-majeure disputes reduced pre-tax income by approximately $25 million
- Temporary crude inventory build approximately 137,000 barrels, mostly sold in July 2026
- Outlook: volatile oil prices amid geopolitical tensions and uncertain dispute outcomes
Risk Factors
- No material risk-factor changes during the three months ended June 30, 2026
- Carried-forward risks governed by California Resources’ 2025 Annual Report
- Debt-agreement limitations potentially constrain the $1.78 billion share-repurchase authorization
- $600 million remaining repurchase capacity as of June 30, 2026
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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