{"schema_version":"secwatch.filing_event.v1","accession":"0001609253-26-000138","form_type":"8-K","ticker":"CRC","cik":"0001609253","company_name":"California Resources Corp","filed_at":"2026-10-13T12:31:23+00:00","discovered_at":"2026-10-13T12:35:00.209980+00:00","generated_at":"2026-10-13T12:35:04.464638+00:00","sec_items":["2.02"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"confidence":"high","headline":"California Resources prelim Q3 2026: oil realization $83.42/Bbl, $134M derivative loss","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001609253-26-000138","json":"https://secwatch.observer/filing/0001609253-26-000138.json","markdown":"https://secwatch.observer/filing/0001609253-26-000138.md","text":"https://secwatch.observer/filing/0001609253-26-000138.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1609253/000160925326000138/0001609253-26-000138-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1609253/000160925326000138/crc-20261013.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-13T12:35:04.464638+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}