California Resources Q3 2026 Swings to Net Loss of $315 Million Year-on-Year
Bitget2026/11/02 21:44- 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.
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