---
schema_version: "secwatch.filing_event.v1"
accession: "0001609253-26-000127"
form_type: "8-K"
ticker: "CRC"
cik: "0001609253"
company_name: "California Resources Corp"
filed_at: "2026-08-10T12:06:09+00:00"
generated_at: "2026-08-10T12:10:39.654426+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# CRC Q2 net income $514M; adjusted EBITDAX $338M; acquires Crimson for $63M

## Summary
- Q2 net income $514M (diluted EPS $5.76); adjusted net income $88M ($0.99/share); adjusted EBITDAX $338M.
- Production 149 MBoe/d (81% oil); realized oil price $91.55/Bbl; free cash flow $114M.
- Announced $63M cash acquisition of Crimson Midstream from CorEnergy; expands California midstream.
- Reduced 2026 drilling/completions/workover capital by $10M to $370-390M; reaffirmed total capital $520-560M.
- Declared $0.405/share quarterly dividend payable Sept 18; record Sept 4.

## SEC filing metadata
- accession: 0001609253-26-000127
- form_type: 8-K
- ticker: CRC
- cik: 0001609253
- company_name: California Resources Corp
- filed_at: 2026-08-10T12:06:09+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1609253/000160925326000127/0001609253-26-000127-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1609253/000160925326000127/crc-20260810.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001609253-26-000127
- JSON: https://secwatch.observer/filing/0001609253-26-000127.json
- Plain text: https://secwatch.observer/filing/0001609253-26-000127.txt

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