California Resources Corporation Posts $1.17 Adjusted EPS for Q3
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California Resources Corporation recorded adjusted diluted earnings of $1.17 per share for the third quarter ended Sept. 30, 2026, alongside a $315 million GAAP net loss. The net loss was $3.55 per diluted share. Adjusted net income was $104 million, while a $540 million noncash loss tied to fair value changes in outstanding commodity derivatives weighed on the GAAP result. The company defines adjusted net income and adjusted EPS as non-GAAP measures that exclude certain significant transactions and events, and says adjusted net income should not replace GAAP net income.
Source: TokenPost
