secwatch.observer — SEC 8-K summary
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Issuer:     California Resources Corp (CRC)
CIK:        0001609253
Form:       8-K
Filed at:   2025-03-03T23:59:59+00:00
Accession:  0001609253-25-000023
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1609253/000160925325000023/0001609253-25-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1609253/000160925325000023/crc-20250303.htm
  HTML page:      https://secwatch.observer/filing/0001609253-25-000023

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