---
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"
generated_at: "2026-05-25T17:49:09.445077+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CRC reports Q4 net income $33M; full-year $376M, 2025 production guidance 132-138 MBoe/d

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001609253-25-000023
- JSON: https://secwatch.observer/filing/0001609253-25-000023.json
- Plain text: https://secwatch.observer/filing/0001609253-25-000023.txt

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