03:31 AM EST, 11/06/2024 (MT Newswires) -- California Resources ( CRC ) reported Q3 adjusted earnings Tuesday of $1.50 per diluted share, up from $1.02 a year earlier.

Analysts polled by Capital IQ expected $1.35.

Revenue for the quarter ended Sept. 30 was $1.35 billion, up from $460 million a year earlier.

Analysts polled by Capital IQ expected $989.9 million.

The company expects net production sold of 140 to 144 MBoe/d in Q4, while adjusted earnings before interests, taxes, depreciation, and exploration costs for the same period are expected to range from $260 million to $300 million.

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