{"schema_version":"secwatch.filing_event.v1","accession":"0001609253-26-000049","form_type":"8-K","ticker":"CRC","cik":"0001609253","company_name":"California Resources Corp","filed_at":"2026-03-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.634500+00:00","generated_at":"2026-05-15T22:39:48.622049+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"CRC reports Q4 net income $12M, 2025 net income $363M; 2026 production growth guidance 12%","bullets":["Q4 net income $12M, adjusted net income $40M; full-year net income $363M, adjusted $359M. Adjusted EBITDAX $251M Q4, $1,241M full year.","Full-year 2025 average production 138 MBoe/d, up 25% YoY; free cash flow $543M, highest since 2021.","Increased annual dividend by 5% to $1.62; declared Q1 2026 dividend of $0.405/share payable March 20, record March 13.","2026 guidance: production 152-157 MBoe/d (~12% growth), capex $430-470M, adjusted EBITDAX $970-1,070M.","Board increased share repurchase program by $430M to $1.78B through Dec 2027; $600M capacity remaining as of Feb 28, 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001609253-26-000049","json":"https://secwatch.observer/filing/0001609253-26-000049.json","markdown":"https://secwatch.observer/filing/0001609253-26-000049.md","text":"https://secwatch.observer/filing/0001609253-26-000049.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1609253/000160925326000049/0001609253-26-000049-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1609253/000160925326000049/crc-20260302.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T22:39:48.622049+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"}