secwatch.observer — SEC 8-K summary
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Issuer:     California Resources Corp (CRC)
CIK:        0001609253
Form:       8-K
Filed at:   2026-10-13T12:31:23+00:00
Accession:  0001609253-26-000138
Event type: earnings
Sentiment:  neutral
Materiality: 0.45
Item codes: 2.02
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1609253/000160925326000138/0001609253-26-000138-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1609253/000160925326000138/crc-20261013.htm
  HTML page:      https://secwatch.observer/filing/0001609253-26-000138

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer