---
schema_version: "secwatch.filing_event.v1"
accession: "0001609253-24-000115"
form_type: "8-K"
ticker: "CRC"
cik: "0001609253"
company_name: "California Resources Corp"
filed_at: "2024-11-05T23:59:59+00:00"
generated_at: "2026-05-30T05:22:07.391583+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# CRC reports Q3 net income $345M, adj EPS $1.50, free cash flow $141M; guides Q4 EBITDAX $260-300M

## Summary
- Net income $345M ($3.78 diluted EPS); adjusted net income $137M ($1.50); adjusted EBITDAX $402M.
- Generated $141M free cash flow; returned $76M to shareholders ($42M buybacks, $34M dividends).
- Net production 145 MBoe/d (oil 113 MBo/d); Q4 guidance 140-144 MBoe/d, capital $85-105M, adj EBITDAX $260-300M.
- Completed $300M follow-on offering of 8.250% notes due 2029 and repurchased $300M of 2026 notes; extended credit facility to March 2029.
- Received first conditional use permits for Carbon TerraVault CCS project in Kern County; signed MOU with Hull Street Energy for CCS.

## SEC filing metadata
- accession: 0001609253-24-000115
- form_type: 8-K
- ticker: CRC
- cik: 0001609253
- company_name: California Resources Corp
- filed_at: 2024-11-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1609253/000160925324000115/0001609253-24-000115-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1609253/000160925324000115/crc-20241105.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001609253-24-000115
- JSON: https://secwatch.observer/filing/0001609253-24-000115.json
- Plain text: https://secwatch.observer/filing/0001609253-24-000115.txt

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