---
schema_version: "secwatch.filing_event.v1"
accession: "0001609253-22-000053"
form_type: "8-K"
ticker: "CRC"
cik: "0001609253"
company_name: "California Resources Corp"
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T09:06:44.897292+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001609253-22-000053
- form_type: 8-K
- ticker: CRC
- cik: 0001609253
- company_name: California Resources Corp
- filed_at: 2022-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1609253/000160925322000053/0001609253-22-000053-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1609253/000160925322000053/crc-20221103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001609253-22-000053
- JSON: https://secwatch.observer/filing/0001609253-22-000053.json
- Plain text: https://secwatch.observer/filing/0001609253-22-000053.txt

## Key facts
- Earnings Releases
  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
  source text: Reported net income of $426 million, or $5.58 per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1609253/000160925322000053/0001609253-22-000053-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.