California Resources Corporation Reports Fourth Quarter and Full-Year 2025 Financial and Operating Results; Announces 2026 Guidance

About this update from California Resources Corporation

[{"type":"image","alt":"California Resources Corporation","displaySize":"","headline":null,"caption":"California Resources Corporation","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":55,"url":"https://media.zenfs.com/en/globenewswire.com/bc19f1aaf9b24b4202d16f159ab03df1"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/bTWiAm23v7OseFyweaJZFw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTc3O2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/bc19f1aaf9b24b4202d16f159ab03df1","width":300,"height":55}},"lazy":false},{"type":"text","content":"25% Year-Over-Year Production Growth and Highest Annual Free Cash Flow Since 2021","length":81,"tagName":"p"},{"type":"text","content":"Receipt of New Drilling Permits Supports Planned 2026 Drilling Program","length":70,"tagName":"p"},{"type":"text","content":"LONG BEACH, Calif., March 02, 2026 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE: CRC) (CRC) today reported its financial and operating results for the fourth quarter and full-year 2025. The Company plans to host a conference call and webcast at 1 p.m. ET (10 a.m. PT) on Monday, March 2, 2026. Conference call details can be found within this release.","length":365,"tagName":"p"},{"type":"text","content":"Fourth Quarter Highlights","length":25,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Reported net income of $12 million, adjusted net income1 of $40 million and $251 million of adjusted EBITDAX1","length":109,"tagName":"p"}]},{"val":[{"type":"text","content":"Generated net cash provided by operating activities of $235 million and $115 million of free cash flow1","length":103,"tagName":"p"}]},{"val":[{"type":"text","content":"Delivered an average of 137 thousand barrels of oil equivalent per day5 (MBoe/d) (80% oil); invested total capital of $120 million including drilling, completions and workover capital1 of $56 million","length":199,"tagName":"p"}]},{"val":[{"type":"text","content":"Increased annual dividend by 5%; marking four consecutive years of dividend growth2","length":83,"tagName":"p"}]},{"val":[{"type":"text","content":"Returned $59 million to shareholders including $34 million in dividends and $25 million in share repurchases2","length":109,"tagName":"p"}]},{"val":[{"type":"text","content":"Closed all-stock combination with Berry Corporation on December 18, 2025","length":72,"tag...

More updates from California Resources Corporation