California Resources reported a third-quarter 2026 net loss of $315 million, compared with net income of $514 million in the second quarter, driven by a non-cash $540 million loss from changes in the fair value of commodity derivatives. Adjusted net income rose to $104 million ($1.17 per diluted share) from $88 million in the second quarter, though it was below $123 million a year earlier, and adjusted EBITDAX of $341 million exceeded company guidance. The board raised the anticipated annual dividend about 4% to $1.68 per share.
Net loss of $315 million, or $3.55 per diluted share, versus net income of $514 million in Q2 2026; total operating revenues were $421 million versus $1,297 million in Q2
Adjusted net income of $104 million ($1.17 per diluted share) versus $123 million in Q3 2025
Adjusted EBITDAX of $341 million exceeded quarterly guidance; 4Q26 adjusted EBITDAX guidance is $340 million to $380 million
Quarterly dividend of $0.42 per share, payable December 18, 2026 to holders of record on December 4, 2026; $570 million remained under the repurchase authorization as of September 30, 2026
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From California Resources Corporation's 10-Q and 10-K filings (SEC XBRL). YoY compares each quarter with the same quarter a year earlier; it is blank when the year-ago figure is missing or negative.
Annual results
Fiscal year
Revenue
Growth
EPS (diluted)
Growth
Net margin
FY2025
$2.91B
+14.7%
$4.15
-10.2%
12.5%
FY2024
$2.54B
+17.7%
$4.62
-40.6%
14.8%
FY2023
$2.15B
-18.5%
$7.78
+15.3%
26.2%
FY2022
$2.64B
+29.1%
$6.75
-8.4%
19.8%
FY2021
$2.05B
-9.8%
$7.37
—
29.9%
Frequently asked questions
When is California Resources's next earnings date?
California Resources has not announced a report date within the next three weeks. US companies usually report three to six weeks after each quarter ends; this page updates as soon as the date is on the calendar.
What did California Resources earn last quarter?
For the quarter ended Sep 2026, California Resources reported diluted EPS of $-3.55 (-567.1% year over year) on revenue of $1.00B (+40.1%).
Where do these numbers come from?
Reported revenue, net income and EPS come from the company's own 10-Q and 10-K filings with the SEC (XBRL data). The report date and consensus estimate come from the Nasdaq earnings calendar.
Not investment advice. Figures can be restated by the company in later filings.