secwatch.observer — SEC 8-K summary
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Issuer:     California Resources Corp (CRC)
CIK:        0001609253
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001609253-24-000059
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CRC reports Q1 net loss of $10M, adj. EPS $0.75; returns $79M to shareholders
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- Net loss of $10M ($0.14 loss per share); adjusted net income $54M ($0.75 per share).
- Q1 adjusted EBITDAX $149M, free cash flow $33M; net cash from operations $87M.
- Returned $79M to shareholders via $58M buybacks and dividends; YTD nearly $95M.
- Aera Merger on track: definitive proxy filed, HSR cleared, expected close mid-2024.
- Board elected Christian S. Kendall; declared $0.31/share dividend payable June 14.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1609253/000160925324000059/0001609253-24-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1609253/000160925324000059/crc-20240503.htm
  HTML page:      https://secwatch.observer/filing/0001609253-24-000059

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