California Resources Corp (CRC) Q3 2025 10-Q Quarterly Report

Filed: Nov 5, 2025Period ending Sep 30, 2025
Energy
Crude Petroleum & Natural GasSEC EDGAR

California Resources Corp (CRC) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Nov 5, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

California Resources Corp Q3 2025 10-Q Analysis

Management Discussion & Analysis

  • No revenue or profitability figures disclosed in the text provided
  • No segment or product line performance data included
  • 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

California Resources Corp Q3 2025 Quarterly Financials
XBRL

Revenue

$715M

-17.8% YoY +1.9% QoQ

Net Income

$64M

-81.4% YoY -62.8% QoQ

Operating Margin

13.7%

-4583bp YoY -2433bp QoQ

Net Margin

9.0%

-3070bp YoY -1555bp QoQ

ROE

1.9%

Total Assets

$6.8B

EPS (Diluted)

$0.79

-82.2% YoY -58.9% QoQ

Operating Cash Flow

$279M

+26.8% YoY +69.1% QoQ

Source: XBRL data from California Resources Corp Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

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