California Resources (CRC) Tops Q3 EPS by 6c

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California Resources Corporation Announces Third Quarter 2015 Financial Results

November 5, 2015 4:01 PM EST

LOS ANGELES--(BUSINESS WIRE)-- California Resources Corporation (NYSE: CRC), an independent California-based oil and gas exploration and production company, today announced an adjusted net loss1 of $86 million or ($0.22) per diluted share for the third quarter of 2015, compared with adjusted net income of $188 million or $0.48 per diluted share for the third quarter of 2014. The adjusted net loss for the first nine months of 2015 was $234 million or ($0.61) per diluted share, compared with an adjusted net income of $657 million or $1.69 per diluted share for the same period in 2014. Adjusted EBITDAX2 for the third quarter of 2015 was $212... More