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Thursday, November 1, 2018

=California Resources Corp (CRC) reported earnings on Thur 1 Nov 2018 (a/h)



California Resources Corp beats by $0.07, beats on revs
  • Reports Q3 (Sep) earnings of $0.81 per share, $0.07 better than the S&P Capital IQ Consensus of $0.74; revenues rose 86.1% year/year to $828 mln vs the $689.83 mln S&P Capital IQ Consensus
  • Co produced 136,000 BOE per day, which reflects an increase of 6% over the prior year period and the midpoint of the previous guidance range
Looking ahead:
  • Co issued fourth quarter of 2018 production guidance of 136,000 to 139,000 BOE per day reflecting continued production growth

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