{"filings":[{"id":94067,"accession_number":"0001609253-26-000102","cik":1609253,"company_name":"California Resources Corp","ticker":"CRC","form_type":"8-K","filed_at":"2026-05-05T23:59:59+00:00","items":["2.02","5.07","9.01"],"status":"ready","headline":"CRC Q1 net loss $711M from derivatives; adjusted EBITDAX $304M; raises 2026 guidance 42%","event_type":"earnings","confidence":"high","bullets":["Q1 net loss $711M primarily from non-cash loss in fair value of commodity derivatives; adjusted net income $79M, adjusted EBITDAX $304M.","Raised 2026E adjusted EBITDAX guidance midpoint 42% to $1,450M; capital budget increased to $520-560M with 7-rig program in H2.","Average net production 154 MBoe/d (81% oil); oil volumes reduced ~1.5 Mbo/d due to higher oil prices on production sharing contracts.","Declared quarterly dividend $0.405/share payable June 18; returned $46M to shareholders in Q1 via dividends and buybacks.","Completed $350M senior notes offering due 2034; redeemed $350M 2029 notes; liquidity $1,276M at March 31."],"consensus_eps_estimate":null,"consensus_eps_actual":-8.02,"consensus_revenue_estimate":null,"consensus_revenue_actual":119000000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":94066,"accession_number":"0001609253-26-000086","cik":1609253,"company_name":"California Resources Corp","ticker":"CRC","form_type":"8-K","filed_at":"2026-04-17T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"CRC amends credit facility to reduce borrowing costs","event_type":"debt","confidence":"medium","bullets":["Ninth Amendment to Amended and Restated Credit Agreement with Citibank as agent, effective April 14, 2026.","Pricing grid revised to lower the company's borrowing costs under the facility.","Amendment also includes other technical changes to the credit agreement.","Full terms filed as Exhibit 10.1 with certain details redacted."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.5,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":106172,"accession_number":"0001609253-26-000084","cik":1609253,"company_name":"California Resources Corp","ticker":"CRC","form_type":"8-K","filed_at":"2026-03-23T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"CRC closes $350M upsized 7% notes due 2034 to refinance 8.25% notes due 2029","event_type":"debt","confidence":"high","bullets":["Issued $350M additional 7.000% senior notes due Jan 15, 2034; semi-annual interest begins July 15, 2026.","Net proceeds, with cash on hand or revolver borrowings, to redeem $350M of 8.250% senior notes due 2029 at 100% plus premium.","New notes are fungible with existing $400M 7.000% 2034 notes under same indenture; same CUSIP for 144A tranche.","Redemption of 2029 notes expected to close March 24, 2026.","Notes are senior unsecured, guaranteed by CRC's credit facility and 2029 note guarantors."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.55,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":106171,"accession_number":"0001609253-26-000079","cik":1609253,"company_name":"California Resources Corp","ticker":"CRC","form_type":"8-K","filed_at":"2026-03-16T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"CRC appoints Michael Helm as principal accounting officer; Noelle Repetti retires","event_type":"leadership","confidence":"high","bullets":["Michael Helm named VP-Finance & Controller, principal accounting officer, effective March 16, 2026.","Helm previously served as VP-Finance, Oil & Gas after CRC's Berry merger, and as Berry's CAO/CFO.","Helm held CRC's VP & Corporate Controller role from 2014-2017 before joining Berry.","Noelle Repetti, SVP & Controller, retiring effective March 16, 2026; no dispute involved.","Helm will enter into a standard indemnification agreement under Delaware law."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":106170,"accession_number":"0001609253-26-000075","cik":1609253,"company_name":"California Resources Corp","ticker":"CRC","form_type":"8-K","filed_at":"2026-03-11T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"CRC prices $350M add-on of 7% notes due 2034; proceeds to redeem 8.25% notes due 2029","event_type":"debt","confidence":"high","bullets":["Offering upsized from $250M to $350M of 7.000% senior unsecured notes due 2034.","Notes priced at 100.500% of par; expected to close on March 23, 2026.","Net proceeds used with cash/credit to redeem $350M of 8.250% senior notes due 2029.","Additional notes will be fungible with existing $400M of 7.000% notes issued Oct 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.55,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":106169,"accession_number":"0001609253-26-000073","cik":1609253,"company_name":"California Resources Corp","ticker":"CRC","form_type":"8-K","filed_at":"2026-03-11T23:59:59+00:00","items":["2.02","8.01","9.01"],"status":"ready","headline":"CRC offers $250M additional 7.000% notes due 2034 to redeem 8.250% notes due 2029","event_type":"debt","confidence":"high","bullets":["Private offering of $250M in 7.000% senior unsecured notes due 2034 priced as additional series under existing indenture.","Proceeds, with cash and/or credit facility, will redeem $250M of 8.250% senior notes due 2029 at 100% plus premium.","Historical 2025 adjusted EBITDAX $1,241M, free cash flow $543M; pro forma (incl. Berry merger) adjusted EBITDAX $1,453M, free cash flow $545M.","Pro forma average daily production 161 MBoe/d; realized oil price $67.49/Bbl with hedge; operating cost $24.48/Boe.","Unrestricted subsidiaries hold ~7% of PP&E, 5% of revenues, and 8% of pro forma adjusted EBITDAX."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":106168,"accession_number":"0001609253-26-000049","cik":1609253,"company_name":"California Resources Corp","ticker":"CRC","form_type":"8-K","filed_at":"2026-03-02T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"CRC reports Q4 net income $12M, 2025 net income $363M; 2026 production growth guidance 12%","event_type":"earnings","confidence":"high","bullets":["Q4 net income $12M, adjusted net income $40M; full-year net income $363M, adjusted $359M. Adjusted EBITDAX $251M Q4, $1,241M full year.","Full-year 2025 average production 138 MBoe/d, up 25% YoY; free cash flow $543M, highest since 2021.","Increased annual dividend by 5% to $1.62; declared Q1 2026 dividend of $0.405/share payable March 20, record March 13.","2026 guidance: production 152-157 MBoe/d (~12% growth), capex $430-470M, adjusted EBITDAX $970-1,070M.","Board increased share repurchase program by $430M to $1.78B through Dec 2027; $600M capacity remaining as of Feb 28, 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.8,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":122452,"accession_number":"0001609253-25-000110","cik":1609253,"company_name":"California Resources Corp","ticker":"CRC","form_type":"8-K","filed_at":"2025-12-18T23:59:59+00:00","items":["1.01","2.01","8.01","9.01"],"status":"ready","headline":"CRC completes all-stock merger with Berry for ~$253M in CRC shares","event_type":"m_and_a","confidence":"high","bullets":["CRC closed all-stock merger with Berry; Berry holders received ~5.6M CRC shares valued at ~$253M based on Dec 17 close.","Combined company to be headquartered in Long Beach, led by CRC's existing management team.","CRC also amended credit agreement, increasing commitments from $1.45B to $1.46B and adding a lender.","CRC expects to provide full-year 2026 guidance with Q4/2025 earnings release."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":122451,"accession_number":"0001609253-25-000104","cik":1609253,"company_name":"California Resources Corp","ticker":"CRC","form_type":"8-K","filed_at":"2025-11-12T23:59:59+00:00","items":["8.01","5.07"],"status":"ready","headline":"HSR waiting period expires for CRC-Berry combination; deal still subject to other conditions","event_type":"m_and_a","confidence":"high","bullets":["Hart-Scott-Rodino waiting period expired at 11:59 p.m. ET on November 10, 2025, for CRC's acquisition of Berry.","Consummation remains subject to Berry shareholder approval and FERC authorization under Section 203 of the Federal Power Act.","Transaction announced September 17, 2025; definitive proxy statement/prospectus sent to Berry stockholders.","If completed, Berry will become a direct, wholly-owned subsidiary of California Resources Corporation (CRC)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":122450,"accession_number":"0001609253-25-000086","cik":1609253,"company_name":"California Resources Corp","ticker":"CRC","form_type":"8-K","filed_at":"2025-11-04T23:59:59+00:00","items":["2.02","9.01","5.07"],"status":"ready","headline":"CRC posts Q3 net income $64M, raises dividend 5%, updates on Berry merger","event_type":"earnings","confidence":"high","bullets":["Net income $64M ($0.76 dil. EPS); adjusted net income $123M ($1.46 dil. EPS); adjusted EBITDAX $338M.","Production 137 MBoe/d (78% oil); free cash flow $188M; capital investments $91M.","Quarterly dividend raised 5% to $0.405/share; payable Dec 15 to holders of record Dec 1.","All-stock merger with Berry (BRY) expected Q1 2026; CRC filed S-4; Berry holders receive 0.0718 CRC shares/share (15% premium).","Redeemed remaining $122M of 2026 Senior Notes; issued $400M 7.000% 2034 notes to fund Berry debt repayment."],"consensus_eps_estimate":null,"consensus_eps_actual":3.97,"consensus_revenue_estimate":null,"consensus_revenue_actual":2745000000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.85,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":122449,"accession_number":"0001609253-25-000083","cik":1609253,"company_name":"California Resources Corp","ticker":"CRC","form_type":"8-K","filed_at":"2025-10-31T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"CRC increases credit facility commitment to $1.45B, adds new lenders","event_type":"debt","confidence":"high","bullets":["Aggregate elected commitment raised from $1.15B to $1.45B via Seventh Amendment.","Borrowing base confirmed at $1.5B; semi-annual October 2025 redetermination completed.","New lenders added to the facility; existing lenders waived break-funding payments.","Amendment executed October 29, 2025, with Citibank as administrative agent."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":122448,"accession_number":"0001193125-25-234517","cik":1609253,"company_name":"California Resources Corp","ticker":"CRC","form_type":"8-K","filed_at":"2025-10-08T23:59:59+00:00","items":["1.01","2.03","5.07","9.01"],"status":"ready","headline":"CRC issues $400M 7% senior notes due 2034 tied to Berry merger","event_type":"debt","confidence":"high","bullets":["Issued $400M aggregate principal of 7.000% senior notes due Jan 15, 2034.","Interest payable semi-annually starting July 15, 2026; guaranteed by existing and future subsidiaries that back other CRC debt.","Special mandatory redemption at par if Berry merger (stock ticker BRY) not closed by March 14, 2026 or deal terminated.","Notes unsecured, rank equally with senior unsecured debt; change of control triggers repurchase at 101% of principal.","Company may redeem up to 40% of notes with equity offering proceeds before Jan 15, 2029."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":139146,"accession_number":"0001193125-25-215598","cik":1609253,"company_name":"California Resources Corp","ticker":"CRC","form_type":"8-K","filed_at":"2025-09-24T23:59:59+00:00","items":["8.01","5.07","9.01"],"status":"ready","headline":"CRC prices $400M 7.000% senior notes due 2034 to fund Berry merger","event_type":"debt","confidence":"high","bullets":["Private offering of $400M aggregate principal at par; 7.000% coupon, maturity 2034.","Net proceeds ~$394M after discounts; expected closing October 8, 2025.","Proceeds used with cash and credit facility to repay Berry debt in pending merger.","Special mandatory redemption at 100% if Berry merger not closed by March 14, 2026.","Notes unsecured, guaranteed by existing and certain future subsidiaries."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":139145,"accession_number":"0001193125-25-214054","cik":1609253,"company_name":"California Resources Corp","ticker":"CRC","form_type":"8-K","filed_at":"2025-09-24T23:59:59+00:00","items":["1.01","2.02","8.01","5.07","9.01"],"status":"ready","headline":"CRC announces $400M senior unsecured notes due 2034 to fund Berry merger debt repayment","event_type":"debt","confidence":"high","bullets":["$400M aggregate principal senior unsecured notes due 2034; guaranteed by existing subsidiaries that also back CRC's revolving facility and 7.125%/8.250% notes.","Net proceeds, together with cash on hand and revolver borrowings, to repay Berry's existing indebtedness (Berry had $428M outstanding as of Sept 19, 2025) and pay merger fees/expenses.","Pro forma combined adjusted EBITDAX for six months ended June 30, 2025 was $773M; pro forma free cash flow was $238M.","Special mandatory redemption at 100% of issue price plus accrued interest if Berry Merger not consummated by March 14, 2026 (subject to extensions) or merger agreement terminated.","As of Sept 19, 2025, CRC held $251M cash (excl. $15M restricted) and $0 drawn on revolver; Berry had $37M cash and $428M total indebtedness."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":139144,"accession_number":"0001609253-25-000076","cik":1609253,"company_name":"California Resources Corp","ticker":"CRC","form_type":"8-K","filed_at":"2025-09-17T23:59:59+00:00","items":["1.01","9.01","5.07"],"status":"ready","headline":"CRC to acquire Berry Corp (bry); Berry shareholders get 0.0718 CRC shares per share","event_type":"m_and_a","confidence":"high","bullets":["CRC to merge with Berry; each Berry share converts to 0.0718 shares of CRC common stock.","Berry must pay $12.04M termination fee if it accepts a superior proposal or changes recommendation.","Deal requires Berry stockholder approval, HSR clearance, FERC approval, and registration statement effectiveness.","Outside date for closing is March 14, 2026; no financing condition.","Berry equity awards (RSUs/PSUs) to be converted into CRC RSUs or cashed out at closing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.85,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":139143,"accession_number":"0001609253-25-000071","cik":1609253,"company_name":"California Resources Corp","ticker":"CRC","form_type":"8-K","filed_at":"2025-09-15T23:59:59+00:00","items":["7.01","9.01","5.07"],"status":"ready","headline":"CRC to acquire Berry in all-stock deal valued at ~$717M; 94% ownership for CRC shareholders","event_type":"m_and_a","confidence":"high","bullets":["Berry shareholders get 0.0718 CRC shares per BRY share, a 15% premium based on 9/12/25 closing prices.","Pro forma combined 2Q25 production ~161 Mboe/d (81% oil); proved reserves ~652 MMboe (87% developed).","Expected annual synergies of $80-90 million within 12 months post-close (~12% of transaction value).","CRC maintains strong balance sheet; pro forma leverage <1.0x and ~70% of 2H25 oil hedged at $68/bbl Brent floor.","Transaction expected to close in Q1 2026, subject to regulatory approvals and Berry shareholder approval."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.88,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":139142,"accession_number":"0001609253-25-000066","cik":1609253,"company_name":"California Resources Corp","ticker":"CRC","form_type":"8-K","filed_at":"2025-08-05T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"CRC Q2 net income $172M, adj. EBITDAX $324M; raises 2025 production and EBITDAX guidance","event_type":"earnings","confidence":"high","bullets":["Net income $172M ($1.92 diluted EPS); adjusted net income $98M ($1.10 adjusted diluted EPS).","Average net production 137 MBoe/d (80% oil), at high end of guidance; added second Kern County rig.","Q2 free cash flow $109M; returned record $287M to shareholders ($252M buybacks, $35M dividends).","2025 guidance raised: net production 134-138 MBoe/d, adjusted EBITDAX $1.195-1.275B; DCW capital lowered $5M.","Declared Q3 dividend $0.3875/share payable Sept 12, 2025; share repurchase program extended to June 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":3.18,"consensus_revenue_estimate":null,"consensus_revenue_actual":1890000000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.85,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":156686,"accession_number":"0001609253-25-000059","cik":1609253,"company_name":"California Resources Corp","ticker":"CRC","form_type":"8-K","filed_at":"2025-06-23T23:59:59+00:00","items":["5.02","8.01"],"status":"ready","headline":"CRC to repurchase 4.95M shares from IKAV for $227.7M; director Saadati to resign","event_type":"other_material","confidence":"high","bullets":["Bobby Saadati will resign from CRC board upon closing of $227.7M share repurchase from IKAV.","CRC repurchases 4,950,000 shares at $46.00 each from IKAV, settlement expected June 25, 2025.","Repurchase funded with cash on hand and operating cash flows; part of $1.35B buyback program.","IKAV's director nomination right ends as holding drops below 5%; lock-up restrictions on IKAV cease."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":null}