CRC reports Q1 net income of $115M, returns $258M to stakeholders, reaffirms 2025 guidance

California Resources Corp

2025-Q1 EPS reported $1.26 revenue$912,000,000

Net income $115M ($1.26 diluted EPS); adjusted net income $98M ($1.07 adjusted EPS).
Adjusted EBITDAX $328M; free cash flow $131M; production flat at 141 MBoe/d (79% oil).
Returned $258M to stakeholders: $100M buybacks, $35M dividends, $123M debt repurchases.
Reaffirmed full-year 2025 guidance: production 132-138 MBoe/d, capital $285-335M, adjusted EBITDAX $1.1-1.2B.
Board declared $0.3875/share dividend payable June 13; share repurchase authorization remaining $457M.

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