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

CRC 2025 Revenue Rose to $3.7 Billion; Net Income Fell to $363 Million

Mixed Impact 3 of 5 earnings Written later

California Resources reported full-year 2025 results. Total operating revenues rose to $3,669 million from $3,198 million, and average net production grew to 138 MBoe/d from 110 MBoe/d, but net income declined to $363 million from $376 million and diluted earnings per share fell to $4.15 from $4.62. The company also gave 2026 guidance of 152–157 MBoe/d in production and $430–470 million in capital investments, and it raised its share repurchase authorization to $1.78 billion.

Key points

  • Full-year 2025 total operating revenues were $3,669 million, up from $3,198 million in 2024; net income was $363 million versus $376 million, and diluted EPS was $4.15 versus $4.62.
  • Adjusted net income was $359 million versus $317 million, and free cash flow was $543 million versus $355 million.
  • 2026 guidance: net production of 152–157 MBoe/d, capital investments of $430–470 million, and adjusted EBITDAX of $970–1,070 million, compared with $1,241 million in 2025.
  • The board declared a quarterly dividend of $0.405 per share, payable March 20, 2026, and raised the share repurchase program to $1.78 billion, extended through December 31, 2027.

The filing

CompanyCalifornia Resources (CRC)
Form8-K, current report
Filed with the SECMar 2, 2026, 8:45 AM ET
Accession number0001609253-26-000049

Items reported: 2.01 Acquisition or Disposition Completed

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 March 02, 2026.

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.