---
schema_version: "secwatch.filing_event.v1"
accession: "0001609253-25-000086"
form_type: "8-K"
ticker: "CRC"
cik: "0001609253"
company_name: "California Resources Corp"
filed_at: "2025-11-04T23:59:59+00:00"
generated_at: "2026-05-17T00:38:08.790339+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# CRC posts Q3 net income $64M, raises dividend 5%, updates on Berry merger

## Summary
- Net income $64M ($0.76 dil. EPS); adjusted net income $123M ($1.46 dil. EPS); adjusted EBITDAX $338M.
- Production 137 MBoe/d (78% oil); free cash flow $188M; capital investments $91M.
- Quarterly dividend raised 5% to $0.405/share; payable Dec 15 to holders of record Dec 1.
- All-stock merger with Berry (BRY) expected Q1 2026; CRC filed S-4; Berry holders receive 0.0718 CRC shares/share (15% premium).
- Redeemed remaining $122M of 2026 Senior Notes; issued $400M 7.000% 2034 notes to fund Berry debt repayment.

## SEC filing metadata
- accession: 0001609253-25-000086
- form_type: 8-K
- ticker: CRC
- cik: 0001609253
- company_name: California Resources Corp
- filed_at: 2025-11-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01, 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1609253/000160925325000086/0001609253-25-000086-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1609253/000160925325000086/crc-20251104.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001609253-25-000086
- JSON: https://secwatch.observer/filing/0001609253-25-000086.json
- Plain text: https://secwatch.observer/filing/0001609253-25-000086.txt

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