secwatch.observer — SEC 8-K summary
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Issuer:     California Resources Corp (CRC)
CIK:        0001609253
Form:       8-K
Filed at:   2023-07-31T23:59:59+00:00
Accession:  0001609253-23-000073
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CRC Q2 net income $97M ($1.35 EPS); adjusted EPS $0.53; narrows FCF guidance to $380-460M
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- Net income $97M ($1.35 diluted EPS); adjusted net income $38M ($0.53 diluted EPS).
- Revenue $591M; net production 86 MBoe/d; E&P capex $35M.
- Declared $0.2825/share dividend payable Sept 15; repurchased 1.6M shares for $64M in Q2.
- Submitted Class VI permit for 17 MMT CO2 storage; total permitted capacity 191 MMT; new CDMA with Verde Clean Fuels (100 KMTPA).
- Narrows 2023 FCF guidance to $380-460M; lowers operating cost guidance to $815-850M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1609253/000160925323000073/0001609253-23-000073-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1609253/000160925323000073/crc-20230731.htm
  HTML page:      https://secwatch.observer/filing/0001609253-23-000073

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