CRC Q2 net income $172M, adj. EBITDAX $324M; raises 2025 production and EBITDAX guidance

California Resources Corp

2025-Q2 EPS reported $3.18 revenue$1,890,000,000

Net income $172M ($1.92 diluted EPS); adjusted net income $98M ($1.10 adjusted diluted EPS).
Average net production 137 MBoe/d (80% oil), at high end of guidance; added second Kern County rig.
Q2 free cash flow $109M; returned record $287M to shareholders ($252M buybacks, $35M dividends).
2025 guidance raised: net production 134-138 MBoe/d, adjusted EBITDAX $1.195-1.275B; DCW capital lowered $5M.
Declared Q3 dividend $0.3875/share payable Sept 12, 2025; share repurchase program extended to June 2026.

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