secwatch.observer — SEC 8-K summary
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Issuer:     California Resources Corp (CRC)
CIK:        0001609253
Form:       8-K
Filed at:   2026-08-10T12:06:09+00:00
Accession:  0001609253-26-000127
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1609253/000160925326000127/0001609253-26-000127-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1609253/000160925326000127/crc-20260810.htm
  HTML page:      https://secwatch.observer/filing/0001609253-26-000127

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer