---
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"
generated_at: "2026-05-15T22:39:48.622049+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# CRC reports Q4 net income $12M, 2025 net income $363M; 2026 production growth guidance 12%

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001609253-26-000049
- JSON: https://secwatch.observer/filing/0001609253-26-000049.json
- Plain text: https://secwatch.observer/filing/0001609253-26-000049.txt

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