{"schema_version":"secwatch.filing_event.v1","accession":"0001609253-25-000034","form_type":"8-K","ticker":"CRC","cik":"0001609253","company_name":"California Resources Corp","filed_at":"2025-05-06T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.005856+00:00","generated_at":"2026-05-22T12:04:56.645446+00:00","sec_items":["2.02","5.07","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"CRC reports Q1 net income of $115M, returns $258M to stakeholders, reaffirms 2025 guidance","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001609253-25-000034","json":"https://secwatch.observer/filing/0001609253-25-000034.json","markdown":"https://secwatch.observer/filing/0001609253-25-000034.md","text":"https://secwatch.observer/filing/0001609253-25-000034.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1609253/000160925325000034/0001609253-25-000034-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1609253/000160925325000034/crc-20250502.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T12:04:56.645446+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"}