California Resources Corporation Reports Q1 2025: Net Income Rises to $115M, Adjusted Net Income at $98M, Total Revenues Reach $912M

Reuters
05-07
California Resources Corporation Reports Q1 2025: Net Income Rises to $115M, Adjusted Net Income at $98M, Total Revenues Reach $912M

California Resources Corporation has released its financial and operating results for the first quarter of 2025. The company reported total operating revenues of $912 million, an increase from $877 million in the fourth quarter of 2024. Net income for the quarter was $115 million, which is a significant rise compared to the previous quarter. The diluted net income per share stood at $1.26, indicating strong earnings performance. Adjusted net income was reported at $98 million, while the adjusted EBITDAX reached $328 million, marking an improvement from $316 million in the previous quarter. The company also highlighted its return of $258 million to stakeholders and maintained a strong balance sheet. Additionally, California Resources Corporation reaffirmed its 2025 production, capital investment, and adjusted EBITDAX guidance. The company maintained a flat quarter-over-quarter total net production, demonstrating stability in its operational output.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. California Resources Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9445797-en) on May 06, 2025, and is solely responsible for the information contained therein.

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