---
schema_version: "secwatch.filing_event.v1"
accession: "0001609253-25-000066"
form_type: "8-K"
ticker: "CRC"
cik: "0001609253"
company_name: "California Resources Corp"
filed_at: "2025-08-05T23:59:59+00:00"
generated_at: "2026-05-17T20:44:00.121586+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001609253-25-000066
- form_type: 8-K
- ticker: CRC
- cik: 0001609253
- company_name: California Resources Corp
- filed_at: 2025-08-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1609253/000160925325000066/0001609253-25-000066-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1609253/000160925325000066/crc-20250805.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001609253-25-000066
- JSON: https://secwatch.observer/filing/0001609253-25-000066.json
- Plain text: https://secwatch.observer/filing/0001609253-25-000066.txt

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