secwatch.observer — SEC 8-K summary
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Issuer:     California Resources Corp (CRC)
CIK:        0001609253
Form:       8-K
Filed at:   2025-08-05T23:59:59+00:00
Accession:  0001609253-25-000066
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1609253/000160925325000066/0001609253-25-000066-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1609253/000160925325000066/crc-20250805.htm
  HTML page:      https://secwatch.observer/filing/0001609253-25-000066

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