secwatch.observer — SEC 8-K summary
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Issuer:     California Resources Corp (CRC)
CIK:        0001609253
Form:       8-K
Filed at:   2024-11-05T23:59:59+00:00
Accession:  0001609253-24-000115
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1609253/000160925324000115/0001609253-24-000115-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1609253/000160925324000115/crc-20241105.htm
  HTML page:      https://secwatch.observer/filing/0001609253-24-000115

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