Short answer
California Resources Corp (CRC) filed its Q3 2025 10-Q quarterly report on Nov 5, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $715M (down 17.8% year over year) with net income of $64M.
Q3 2025 key financials · XBRL
- Revenue
- $715M
- −17.8% YoY · +1.9% QoQ
- Net income
- $64M
- −81.4% YoY · −62.8% QoQ
- Operating margin
- 13.7%
- EPS (diluted)
- $0.79
- −82.2% YoY · −58.9% QoQ
Source: XBRL data from the California Resources Corp (CRC) Q3 2025 10-Q on SEC EDGAR. USD.
California Resources Corp Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- No cash flow, cash position, or capital deployment details mentioned
- Risks noted: commodity price fluctuations, regulatory changes, merger integration challenges, inflation impacts, and geopolitical conflicts
- Near-term outlook uncertain due to ongoing merger integration and regulatory/environmental risks
Risk Factors
- New M&A risk from Berry Merger Agreement signed September 14, 2025, closing expected Q1 2026, subject to regulatory and stockholder approvals
- Termination liability risk: potential damages up to $40.3 million if merger terminated due to fraud or willful breach
- Regulatory risk: Berry Merger requires government approvals; failure to obtain may delay or prevent closing
- Operational risk: pre-closing restrictions limit strategic transactions during Berry Merger pendency, possibly forfeiting beneficial opportunities
- Financial risk: asset sales limited by debt agreements, affecting liquidity and capital investments if nonstrategic assets can't be divested
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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