California Resources prelim Q3 2026: oil realization $83.42/Bbl, $134M derivative loss

California Resources Corp

Preliminary Q3 2026 realized oil price $83.42/Bbl before derivative settlements, dropping to $72.46/Bbl after; NGLs $48.57/Bbl and gas $3.52/Mcf.
Estimated $134M loss from commodity derivative net settlements: $122M from commodity sales derivatives and $12M from natural gas purchase derivatives.
Benchmark averages for the quarter: Brent $91.36/Bbl, WTI $85.79/Bbl, NYMEX Henry Hub $2.96/Mcf.
CRC said oil realizations versus Brent are not a long-term run rate and expects improvement as commercial and logistics actions take effect.
Figures are preliminary and unaudited; company states they are not an estimate of quarterly earnings.

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