-=California Resources (CRC) reported earnings on Mon 6 Nov 2017 (a/h)

California Resources Corp beats by $0.37, misses on revs 

• Reports Q3 (Sep) loss of $1.22 per share, excluding non-recurring items, $0.37 better than the Capital IQ Consensus of ($1.59); revenues fell 0.2% year/year to $455 mln vs the $476.87 mln Capital IQ Consensus.
• Adjusted EBITDA for the third quarter of 2017 was $181 million compared with $164 million for the third quarter of 2016.
• Total daily production volumes averaged 128,000 barrels of oil equivalent (BOE) per day for the third quarter of 2017, a decrease of 7 percent from 138,000 BOE per day for the third quarter of 2016. Total daily production decreased 1,000 BOE per day, or less than 1 percent, from the second quarter of 2017.