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Close of Nov 09, 2026 · end-of-day data
CRC 8-K filings in 2025
Every material Form 8-K California Resources filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
California Resources Corporation completed its all-stock merger with Berry Corporation on December 18, 2025, making Berry a wholly owned subsidiary. Berry shareholders received 0.0718 CRC shares for each Berry share, and the company said Berry's former holders received about 5.6 million CRC shares, worth roughly $253 million at CRC's December 17 closing price. The filing does not include post-merger financial results, and CRC plans to give full-year 2026 guidance with its fourth quarter 2025 earnings release.
Each Berry common share converted into 0.0718 CRC common shares at the Effective Time on December 18, 2025
Berry's former equity holders received about 5.6 million CRC shares, worth approximately $253 million based on the December 17, 2025 closing price
The credit agreement's aggregate elected commitments rose from $1.45 billion to $1.46 billion with an added lender
CRC expects to provide full-year 2026 guidance with its year-end and fourth quarter 2025 earnings release
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.
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
California Resources Corporation entered into a seventh amendment to its credit agreement on October 29, 2025, adding new lenders and increasing the aggregate elected commitment amount from $1.15 billion to $1.45 billion. The filing describes the change as a financing update to the existing facility, and the full amendment is filed as Exhibit 10.1.
Aggregate elected commitments rose from $1.15 billion to $1.45 billion under the Seventh Amendment.
The amendment, dated October 29, 2025, adds certain new lenders to the facility.
Administrative agent and collateral agent is Citibank, N.A.; the original credit agreement is dated April 26, 2023.
California Resources Corporation completed a private offering of $400.0 million in 7.000% senior notes due January 15, 2034, under an indenture dated October 8, 2025. The notes are subject to special mandatory redemption at 100% of issue price plus accrued interest if the pending Berry Merger does not close by March 14, 2026, or is terminated or abandoned, which ties the debt's fate to that deal.
Principal amount of $400.0 million; notes mature January 15, 2034, with interest paid semi-annually from July 15, 2026
Notes are senior unsecured and guaranteed by existing subsidiaries that guarantee the revolving credit facility and existing 7.125% 2026 and 8.250% 2029 senior notes
Special mandatory redemption at 100% of issue price plus accrued interest if the Berry Merger does not occur by the March 14, 2026 Outside Date or is terminated
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every California Resources filing is on SEC EDGAR ↗. 8-K briefs of other companies →