California Resources cites $190 million Q2 hedging loss; oil realized at $76.50 a barrel
California Resources Corporation said in a preliminary, unaudited update that its realized oil price for the three months ended June 30, 2026 was $76.50 per barrel after derivative settlements, versus $91.64 before them. The company estimates a $190 million loss from commodity derivatives for the quarter, and it warned that final results may differ and that the figures are not a quarterly earnings estimate.
Key points
- Realized oil price with derivative settlements was $76.50 per barrel, compared with $91.64 without them.
- Brent averaged $96.87 per barrel and WTI $92.79 per barrel for the quarter.
- Estimated derivative loss of $190 million, including $164 million on commodity sales derivatives and $26 million on natural gas purchase derivatives.
- The data is preliminary and unaudited and does not reflect all adjustments; the filing gives no earnings or revenue figures.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:01 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 14, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.