{"schema_version":"secwatch.filing_event.v1","accession":"0001609253-24-000040","form_type":"8-K","ticker":"CRC","cik":"0001609253","company_name":"California Resources Corp","filed_at":"2024-02-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.799311+00:00","generated_at":"2026-06-05T11:57:08.865241+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"California Resources reports FY2023 net income $564M and record free cash flow $468M; Aera merger on track for H2 2024","bullets":["FY2023 net income $564M ($7.78 diluted EPS); adjusted net income $372M ($5.13 per share).","FY2023 net cash from ops $653M, free cash flow $468M; capital investments $185M, leverage ratio 0.1x.","Aera merger: all-stock with 21.2M CRC shares issued, assumption of $950M debt; closing expected H2 2024.","2024E capital $300-$340M; net production 78-82 MBoe/d; Q1 guidance 76-80 MBoe/d (60% oil).","Share repurchase program increased by $250M to $1.35B; quarterly dividend $0.31/share declared."],"urls":{"canonical":"https://secwatch.observer/filing/0001609253-24-000040","json":"https://secwatch.observer/filing/0001609253-24-000040.json","markdown":"https://secwatch.observer/filing/0001609253-24-000040.md","text":"https://secwatch.observer/filing/0001609253-24-000040.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1609253/000160925324000040/0001609253-24-000040-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1609253/000160925324000040/crc-20240227.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T11:57:08.865241+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"66a13dca7017dbdc7b4d343a7b7b95a1367f2658","claim":"California Resources Corp reported the fourth quarter and full-year 2023 results: net income $564 million, EPS $7.78 per diluted share.","evidence_excerpt":"Reported net income of $564 million, or $7.78 per diluted share.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1609253/000160925324000040/0001609253-24-000040-index.htm","confidence":0.85,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter and full-year 2023"},{"label":"Net income","value":"$564 million"},{"label":"EPS","value":"$7.78 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}