CRC Q3 net income $426M, raises dividend 66%, boosts buyback by $200M

California Resources Corp

2022-Q3 EPS reported $5.62 revenue$2,025,000,000

Net income $426M ($5.58 diluted EPS); adjusted net income $111M ($1.45 diluted).
Declared quarterly dividend $0.2825/share (66% increase), payable Dec 16, 2022.
Share repurchase program increased $200M to $850M, extended through Dec 2023.
Q3 production 92 MBoe/d (55 Mbo/d); 2022 total production guidance 91-94 MBoe/d.
Favorable Kern County EIR ruling lifted local permit suspension on Nov 2, 2022.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

California Resources Corp reported third quarter 2022 results: net income $426 million, EPS $5.58 per diluted share.

Period: third quarter 2022
Net income: $426 million
EPS: $5.58 per diluted share
Result: reported results

Exact text from the filing

Reported net income of $426 million, or $5.58 per diluted share.

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California Resources Corp filing history →

Source: SEC EDGAR

accession 0001609253-22-000053

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