---
schema_version: "secwatch.filing_event.v1"
accession: "0001609253-23-000079"
form_type: "8-K"
ticker: "CRC"
cik: "0001609253"
company_name: "California Resources Corp"
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T02:40:18.858070+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CRC Q3 adj. net income $74M ($1.02/diluted); dividend raised 10% to $0.31

## Summary
- Net loss $22M ($0.32 loss/diluted); adjusted net income $74M ($1.02/diluted).
- Generated $71M free cash flow in Q3; YTD FCF $403M; returned 52% to shareholders.
- Dividend raised 10% to $0.31/share (payable Dec 15, record Dec 1).
- Narrowed 2023 production to 85-87 MBoe/d and capex to $185-210M; raised gas marketing margin guidance.
- Carbon management: Elk Hills capture-storage project (100k MTPA) by end 2025; CDMA with NLCE for 150k MTPA.

## SEC filing metadata
- accession: 0001609253-23-000079
- form_type: 8-K
- ticker: CRC
- cik: 0001609253
- company_name: California Resources Corp
- filed_at: 2023-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1609253/000160925323000079/0001609253-23-000079-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1609253/000160925323000079/crc-20231101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001609253-23-000079
- JSON: https://secwatch.observer/filing/0001609253-23-000079.json
- Plain text: https://secwatch.observer/filing/0001609253-23-000079.txt

## Key facts
- Earnings Releases
  California Resources Corp reported the three and nine months ended September 30, 2023 results: net income $22 million, or $0.32 per diluted share, EPS $0.32 per diluted share.
  - Period: the three and nine months ended September 30, 2023
  - Net income: $22 million, or $0.32 per diluted share
  - EPS: $0.32 per diluted share
  - Result: reported results
  source text: California Resources Corporation (the “Company”) issued a press release announcing its financial condition and results of operations for the three and nine months ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1609253/000160925323000079/0001609253-23-000079-index.htm

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