California Resources (CRC) Tops Q4 EPS by 33c

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California Resources Corporation Announces Fourth Quarter 2019 and Full Year Results

February 26, 2020 4:15 PM EST

LOS ANGELES--(BUSINESS WIRE)-- California Resources Corporation (NYSE: CRC), an independent California-based oil and gas exploration and production company, today reported a net loss attributable to common stock of $67 million, or $1.36 per diluted share, for the fourth quarter of 2019. Adjusted net income1 for the fourth quarter of 2019 was $36 million, or $0.73 per diluted share. For the full year of 2019, CRC reported a net loss attributable to common stock of $28 million, or $0.57 per diluted share. Adjusted net income1 for the full year of 2019 was $70 million, or $1.40 per diluted share. Operational and financial highlights for... More