Inferra AI / Company / CRC

California Resources Corp

CRC · Energy

Last earnings Aug 10, 2026

AI analysis

Q2 2025 · reported Sep 24, 2025

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

No extracted figures held

The event-summary record for this company carries no extracted figures, so the brief and charts cannot be drawn yet. The summary below and the held documents are the record for this event.

Guidance · company-stated

Direction: reiterated

No guidance located in the held release

Stated figure1%

“88 Net cash provided by operating activities $ 263 $ 99 Net cash provided by operating activities before net changes in operating assets and liabilities 1 $ 300 $ 247 Capital investments $ 149 $ 131 Adjusted EBITDAX 1 $ 338 $ 304 Free cash flow 1 $ 114 $ (32) 2026 Guidance Highlights CRC reaffirmed its full-year 2026 total capital outlook and reduced expected full-year 2026 drilling, completions and workover capital by $10 million to $370 million to $390 million while targeting approximately 1% entry-to-exit gross production growth.”

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

Revolving Credit Facility means the Credit Agreement, dated as of April 26, 2023, between CRC, Citibank, N.

* * * As of and for the six months ended June 30, 2025, and assuming the addition of all of Berry s subsidiaries as guarantors concurrent with the closing of the Berry Merger, our subsidiaries that do not guarantee our Revolving Credit Facility accounted for approximately 7% of our pro forma property, plant and equipment, net, 9% of our pro forma average daily net production, 8% of our pro forma total operating revenues and 1% of our pro forma adjusted EBITDAX.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

California Resources Corp Q2 2025 results

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Guidance & outlook

No guidance located in the held release

Capital allocation

Revolving Credit Facility means the Credit Agreement, dated as of April 26, 2023, between CRC, Citibank, N.

SEC original ↗California Resources Corp — Earnings release (8-K exhibit)EX-99Sep 24, 2025

As of and for the year ended December 31, 2024, and assuming the addition of all of Berry s subsidiaries as guarantors concurrent with the closing of the Berry Merger, our subsidiaries that do not guarantee our Revolving Credit Facility accounted for approximately 11% of our pro forma average daily net production, 10% of our pro forma total operating revenues and 5% of our pro forma adjusted EBITDAX.

SEC original ↗California Resources Corp — Earnings release (8-K exhibit)EX-99Sep 24, 2025

In addition, our subsidiaries that do not guarantee our Revolving Credit Facility will have no long-term indebtedness.

SEC original ↗California Resources Corp — Earnings release (8-K exhibit)EX-99Sep 24, 2025

* * * As of September 19, 2025, we had $251 million of available cash and cash equivalents (excluding $15 million of restricted cash) and no borrowings under our Revolving Credit Facility.

SEC original ↗California Resources Corp — Earnings release (8-K exhibit)EX-99Sep 24, 2025

* * * UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION The following unaudited pro forma condensed combined financial information is derived from the historical condensed combined financial statements of CRC and the historical condensed combined financial statements of Berry, respectively, and gives effect to (i) the merger, (ii) the extinguishment of Berry s outstanding debt, (iii) the issuance of new debt, and (iv) the 2024 acquisition of the Aera Companies, described below, (collectively, the pro forma events ).

SEC original ↗California Resources Corp — Earnings release (8-K exhibit)EX-99Sep 24, 2025

Strategy & priorities

We are also focused on maximizing the value of our land, mineral ownership, and energy expertise for decarbonization by developing carbon capture and storage (CCS) and other emissions-reducing projects.