{"schema_version":"secwatch.filing_event.v1","accession":"0001609253-25-000023","form_type":"8-K","ticker":"CRC","cik":"0001609253","company_name":"California Resources Corp","filed_at":"2025-03-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:04.180284+00:00","generated_at":"2026-05-25T17:49:09.445077+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"CRC reports Q4 net income $33M; full-year $376M, 2025 production guidance 132-138 MBoe/d","bullets":["Q4 net income $33M ($0.36 diluted EPS); adjusted net income $84M ($0.91), adjusted EBITDAX $316M.","Full-year 2024 net income $376M ($4.62 EPS); free cash flow $355M; returned $303M to shareholders via buybacks and dividends.","Achieved >70% of $235M Aera merger synergies; remaining $65M on track by year-end 2025.","2025 guidance: capex $285-335M, net production 132-138 MBoe/d (79% oil), entry-to-exit gross production decline 5-8%.","Redeemed $123M of 2026 Senior Notes at par in Feb 2025; $122M balance to be redeemed later this year."],"urls":{"canonical":"https://secwatch.observer/filing/0001609253-25-000023","json":"https://secwatch.observer/filing/0001609253-25-000023.json","markdown":"https://secwatch.observer/filing/0001609253-25-000023.md","text":"https://secwatch.observer/filing/0001609253-25-000023.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1609253/000160925325000023/0001609253-25-000023-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1609253/000160925325000023/crc-20250303.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-25T17:49:09.445077+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}