California Resources Q3 2026 Swings to Net Loss of $315 Million Year-on-Year

Bitget2026/11/02 21:44

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California Resources swung to a third-quarter 2026 net loss of $315 million, including a $540 million noncash commodity derivative loss.
Total operating revenues fell 51% year-over-year to $421 million, while operating cash flow rose 9% to $305 million.
Net production rose quarter-over-quarter to 152,000 barrels of oil equivalent per day; the quarterly dividend increased to $0.42 per share.
CRC agreed to sell its Uinta Basin assets for approximately $90 million and completed its Crimson Midstream acquisition.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. California Resources Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202611021632PRIMZONEFULLFEED9868388) on November 02, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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California Resources Q3 2026 Swings to Net Loss of $315 Million Year-on-Year

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