California Resources (CRC) reported a Form 4 for insider Christopher D. Gould, EVP & Chief Sustainability Officer. On November 4, 2025, he acquired 26,472 restricted stock units (RSUs) at $0 as an equity grant. The RSUs vest 10% on each of November 4, 2026, 2027 and 2028, then 30% on November 4, 2029 and 40% on November 4, 2030. Following the reported transaction, beneficial ownership of common stock was 140,567 shares, held directly.
California Resources Corp (CRC) reported an insider equity award: EVP and CFO Clio C. Crespy received a grant of 42,355 restricted stock units (RSUs) on November 4, 2025. Each RSU represents the right to receive one share of common stock.
The RSUs vest 10% on each of November 4, 2026, November 4, 2027, and November 4, 2028; 30% on November 4, 2029; and 40% on November 4, 2030. The award was recorded at $0 per unit as a grant. Following the transaction, Crespy beneficially owned 89,376 shares, held directly.
California Resources Corp (CRC) executive Jay A. Bys, EVP & Chief Commercial Officer, reported an equity award. On November 4, 2025, he acquired 26,472 shares of common stock at $0 via a grant of restricted stock units (RSUs).
The RSUs vest as follows: 10% on each of November 4, 2026, 2027, and 2028; 30% on November 4, 2029; and 40% on November 4, 2030. After this grant, Bys beneficially owned 168,635 shares, held directly.
California Resources Corporation reported Q3 2025 results. Total operating revenues were $855 million versus $1,353 million a year ago, with net income of $64 million compared to $345 million. Diluted EPS was $0.76 versus $3.78.
Operating income was $98 million and operating cash flow reached $279 million. Cash and cash equivalents were $196 million at quarter end. The Revolving Credit Facility had $176 million of letters of credit outstanding and $974 million of availability; the $1.5 billion borrowing base was reaffirmed in October 2025.
The company repurchased 7,787,969 shares year-to-date for $354 million and paid a quarterly dividend of $0.3875 per share. Shares outstanding were 83,711,931 as of September 30, 2025.
CRC announced a pending all‑stock merger with Berry Corporation at an exchange ratio of 0.0718 CRC shares per Berry share, subject to stockholder and regulatory approvals. The company continues to manage commodity exposure with Brent-linked options and swaps and natural gas hedges.
California Resources Corporation furnished an update on its financial condition and results of operations for the three and nine months ended September 30, 2025. The company shared these details via a press release attached as Exhibit 99.1 to this report.
The information in Item 2.02 and Exhibit 99.1 is being furnished, not filed, under the Exchange Act. The filing also includes forward‑looking statements regarding a proposed transaction involving CRC and Berry Corporation (bry), with plans to file a Form S‑4 containing a proxy statement/prospectus. It emphasizes that this communication is not an offer or solicitation to sell securities and outlines where investors can access future SEC documents related to the transaction.
California Resources Corporation entered into a Seventh Amendment to its Amended and Restated Credit Agreement. The amendment adds new lenders and increases the aggregate elected commitment amount from $1.15 billion to $1.45 billion, effective October 29, 2025.
This change expands the company’s committed borrowing capacity under its existing facility. The amendment was executed with Citibank, N.A. as administrative and collateral agent, alongside participating lending institutions. The full amendment is available as Exhibit 10.1.
California Resources Corporation filed an 8-K reporting a material event that documents an indenture executed on October 8, 2025 among the company, identified guarantors, and a trustee. The filing also references an embedded Inline XBRL Cover Page Interactive Data File and is signed by Michael L. Preston, Executive Vice President, Chief Strategy Officer and General Counsel. The disclosure is brief and focuses on the existence and execution date of the indenture rather than financial terms, transaction size, or other contractual details.
California Resources Corporation (CRC) states that a Registration Statement on Form S-4 will be filed in connection with the proposed Berry merger and that Berry's definitive proxy statement/prospectus will be sent to Berry stockholders. The filing package will include a proxy statement that also serves as CRC's prospectus and will be available free at the SEC website and on CRC's and Berry's investor websites. The notice cites specific existing filings that contain related disclosure, including CRC's Form 10-K for the year ended December 31, 2024 (filed March 3, 2025), multiple Current Reports (including May 6, 2025 and June 23, 2025), and Berry's definitive proxy (filed April 7, 2025) and Annual Report for the year ended December 31, 2024 (filed March 13, 2025). The communication directs investors to SEC Forms 3/4/5 for officer and director ownership and references a press release dated September 24, 2025.
California Resources Corporation filed an 8-K disclosing several related documents and actions tied to the proposed Berry merger and financing. The company referenced an S-4 Registration Statement that will include a proxy statement/prospectus for the Berry Merger and said the definitive proxy/prospectus will be sent to Berry stockholders. The filing points readers to the SEC website and the companies' investor sites for free copies of the Registration Statement and proxy materials. The 8-K also lists a Sixth Amendment to the Amended and Restated Credit Agreement effective September 22, 2025, a company press release dated September 24, 2025, excerpts from an offering memorandum, and a Cover Page Interactive Data File in Inline XBRL. The filing is signed by Michael L. Preston, Executive Vice President, Chief Strategy Officer and General Counsel.
California Resources Corporation filed a specialized disclosure report detailing payments to the U.S. federal government tied to its oil and gas operations for the fiscal year ended December 31, 2024. The company reports that all such payments related to the commercial development of oil, natural gas, and natural gas liquids in California, with no payments made to any foreign government during the period.
In its Resource Extraction Payment Report, California Resources Corporation discloses that it paid $16,244 thousand in royalties and $72,300 thousand in U.S. federal income taxes. Royalties were associated with onshore California projects producing oil, natural gas, and NGLs through wells, while income taxes are reported at the corporate level rather than allocated to individual projects or segments.