secwatch.observer — SEC 8-K summary
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Issuer:     California Resources Corp (CRC)
CIK:        0001609253
Form:       8-K
Filed at:   2026-03-02T23:59:59+00:00
Accession:  0001609253-26-000049
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1609253/000160925326000049/0001609253-26-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1609253/000160925326000049/crc-20260302.htm
  HTML page:      https://secwatch.observer/filing/0001609253-26-000049

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