This is a preliminary operational update with no full financial results or guidance. Traders should wait for the complete Q2 2026 earnings release for revenue, EPS, and cash flow data before adjusting positions. The $190M derivative loss and wide gap between realized and settled oil prices suggest hedging costs are material — monitor full earnings for free cash flow impact.
Price Chart
Executive Summary
CRC filed a preliminary Q2 2026 operational update (Item 2.02) reporting realized oil prices of $91.64/bbl (without derivatives) and a $190M net loss from commodity derivative settlements. The filing is a limited operational snapshot, not a full earnings release — it provides no revenue, EPS, or guidance figures, making it a routine mid-quarter update with limited market-moving content.
Key Facts
- Estimated Brent index price of $96.87/bbl and WTI of $92.79/bbl for Q2 2026
- Realized oil price without derivative settlements: $91.64/bbl; with settlements: $76.50/bbl
- Estimated loss from net commodity derivative settlements of $190 million for Q2 2026
- Filing is preliminary and unaudited; does not constitute an estimate of quarterly earnings
Financial Impact
Derivative loss of $190M in Q2 2026; realized oil price with settlements $76.50/bbl vs $91.64/bbl without
Risk Factors
- Preliminary data may be revised materially in the final Q2 filing
- Large derivative loss ($190M) could pressure reported net income and cash flow
- No guidance provided — uncertainty on production volumes and cost structure
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001609253-26-000122 |
| Document: 0001609253-26-000122-index-headers.html | 0001609253-26-000122 |
| Document: 0001609253-26-000122-index.html | 0001609253-26-000122 |
| Document: 0001609253-26-000122.txt | 0001609253-26-000122 |
| 8-K Data (Synthetic) | 0001609253-26-000122 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 10, 2026 7w ago | 8-K | $53.75 $55.57 | ▲ +3.39% | ▲ +4.30% | $51.66 (−3.89%) |
Aug 10, 2026 7w ago | Press Release | $53.75 $55.57 | ▲ +3.39% | ▲ +4.30% | $51.66 (−3.89%) |
Jul 14, 2026 11w ago | 8-K | $52.32 $54.13 | ▲ +3.46% | ▲ +0.97% | $51.66 (−1.26%) |
Jun 26, 2026 14w ago | 8-K | $52.60 $53.47 | ▲ +1.65% | ▲ +1.93% | $51.66 (−1.79%) |
Jun 16, 2026 15w ago | 8-K | $55.35 $52.09 | ▼ −5.89% | ▼ −7.21% | $51.66 (−6.67%) |
Jun 16, 2026 15w ago | 8-K | $56.25 $52.32 | ▼ −6.99% | ▼ −7.19% | $51.66 (−8.16%) |
May 5, 2026 21w ago | 8-K | $61.46 $62.20 | ▲ +1.20% | ▼ −1.58% | $51.66 (−15.95%) |
May 5, 2026 21w ago | Press Release | $61.46 $62.20 | ▲ +1.20% | ▼ −1.58% | $51.66 (−15.95%) |
Apr 17, 2026 24w ago | 8-K | $62.18 $62.50 | ▲ +0.51% | ▼ −3.69% | $51.66 (−16.92%) |
Mar 18, 2026 28w ago | DEFA14A | $62.91 $62.74 | ▼ −0.27% | ▼ −7.89% | $51.66 (−17.88%) |
US Market Status
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