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California Resources Corporation Announces Third Quarter 2019 Results - Thu, 10/31/2019 - 08:00
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California Resources Corporation Announces Third Quarter 2019 Results October 31, 2019 PDF Version LOS ANGELES--(BUSINESS WIRE)-- California Resources Corporation (NYSE: CRC), an independent California-based oil and gas exploration and production company, today reported net income attributable to common stock of $94 million, or $1.89 per diluted share, for the third quarter of 2019. Adjusted net income1 was $17 million, or $0.35 per diluted share. Operational and financial highlights for the third quarter of 2019 were as follows:Third Quarter HighlightsReported adjusted EBITDAX1 of $278 million; adjusted EBITDAX margin1 of 41%; net cash provided by operating activities of $268 million; free cash flow1 of $151 million after taking into account CRC's internally funded capital.Implemented a more efficient organizational desig...
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