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AI brief of an SEC Form 8-K · California Resources (CRC)

California Resources Q3 net income fell to $64 million from $345 million a year earlier

Mixed Impact 3 of 5 earnings Written later

California Resources reported third-quarter 2025 results, with total operating revenues of $855 million, down from $1.35 billion a year earlier and $978 million in the second quarter. GAAP net income was $64 million ($0.76 per diluted share), while adjusted net income rose to $123 million from $98 million in the prior quarter, and the board raised the quarterly dividend 5% to $0.405 per share. The company also gave fourth-quarter 2025 guidance and said the pending Berry Corporation merger is expected to close in the first quarter of 2026.

Key points

  • Q3 2025 net income was $64 million, down from $172 million in Q2 2025 and $345 million in Q3 2024; adjusted net income was $123 million, up from $98 million in Q2 2025
  • Total operating revenues were $855 million, compared with $978 million in Q2 2025 and $1.35 billion in Q3 2024
  • Quarterly dividend raised 5% to $0.405 per share, payable December 15, 2025; $205 million remained for share repurchases as of September 30, 2025
  • Fourth-quarter 2025 guidance includes net production of 131 to 135 MBoe/d and adjusted EBITDAX of $220 million to $260 million

The filing

CompanyCalifornia Resources (CRC)
Form8-K, current report
Filed with the SECNov 4, 2025, 4:45 PM ET
Accession number0001609253-25-000086

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 04, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.