---
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"
generated_at: "2026-10-13T12:35:04.464638+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 2.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001609253-26-000138
- JSON: https://secwatch.observer/filing/0001609253-26-000138.json
- Plain text: https://secwatch.observer/filing/0001609253-26-000138.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.