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Revenue by Segment
Breaks down revenue across the company’s business lines (oil, gas, NGLs, midstream), revealing which areas drive cash generation. Segment mix highlights where profits come from, how exposed CRC is to specific commodity cycles, and where capital is being allocated.Oil has become the dominant and increasingly volatile revenue driver—an anomalous trough in Q1‑2024 gave way to a large late‑2024 surge and an elevated 2025 run‑rate, underscoring sensitivity to pricing, production timing and hedging. Natural gas and NGLs remain relatively small, lumpy contributors. Management’s upgraded guidance, strong cash generation and captured merger synergies lean heavily on sustained oil realizations and the planned rig ramp to fund deleveraging and shareholder returns; concentrated oil exposure and rising unhedged volumes beyond 2026 leave material upside and commodity risk.
Date | Oil | Natural Gas | NGLs |
|---|---|---|---|
Jun 30, 2026 | $995.00M | $14.00M | $47.00M |
Mar 31, 2026 | $614.00M | $26.00M | $39.00M |
Dec 31, 2025 | $614.00M | $26.00M | $39.00M |
Sep 30, 2025 | $653.00M | $26.00M | $36.00M |
Jun 30, 2025 | $644.00M | $19.00M | $39.00M |
Mar 31, 2025 | $736.00M | $28.00M | $50.00M |
Dec 31, 2024 | $1.08B | $12.00M | $91.00M |
Sep 30, 2024 | $804.00M | $22.00M | $44.00M |
Jun 30, 2024 | $353.00M | $14.00M | $45.00M |
Mar 31, 2024 | $20.00M | $48.00M | $6.00M |