StocksMediumUpdated•Originally published 2 November 2026•Updated 2 November 2026•
1 min read
California Resources Beats Estimates with $1.17 Q3 EPS and Dividend Hike
Key Facts
1California Resources Corporation raised its quarterly dividend by 4% following Q3 results.
2The company delivered 2% quarter-over-quarter net production growth.
3The company closed the Crimson Midstream acquisition and sold its Uinta Basin assets.
California Resources Corporation reported non-GAAP EPS of $1.17 for the third quarter of 2026, beating analyst estimates by $0.20. The company stated via GlobeNewswire that it increased its quarterly dividend by 4% to $0.42 per share, supported by a 2% quarter-over-quarter increase in net production.
CRC closed at $55.46 on October 30, 2026, as the company finalized the Crimson Midstream acquisition and divested its Uinta Basin assets. According to company filings, $36 million was returned to shareholders via dividends during the quarter, while $570 million remains authorized for share repurchases through December 31, 2027.