California Resources Corp reported preliminary unaudited results for the three months ended June 30, 2026. The company estimated a $190 million loss from net commodity derivative settlements, consisting of a $164 million loss from sales derivatives and a $26 million loss from natural gas purchase derivatives. Realized prices with derivative settlements were $76.50 per Bbl for oil, $49.62 per Bbl for NGLs, and $1.84 per Mcf for gas. The company operates in the energy industry, focusing on oil and natural gas exploration and production.
