secwatch.observer — SEC 8-K summary
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Issuer:     California Resources Corp (CRC)
CIK:        0001609253
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001609253-22-000053
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1609253/000160925322000053/0001609253-22-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1609253/000160925322000053/crc-20221103.htm
  HTML page:      https://secwatch.observer/filing/0001609253-22-000053

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