California Resources
| Basis | Payout | Why |
|---|---|---|
| GAAP earnings | 37.8% | whySwings with the commodity price, not the business. |
| Operating cash flow | 15.7% | whyBefore capital spending. |
| Free cash flow | 25.0% | whyWhat producers set distributions against. Check for variable or special dividends before reading a trend. |
22 points between highest and lowest basis.
Coverage rating 44 / 100 — Tight. ? Peer standing 34/50Direction 10/30Stability 0/20
Free cash flow payout, last 6 years
| Fiscal year | Payout |
|---|---|
| 2025-12-31 | 25.0% |
| 2024-12-31 | 31.8% |
| 2023-12-31 | 17.3% |
| 2022-12-31 | 19.0% |
| 2021-12-31 | 3.0% |
| 2014-12-31 | 118.8% |
68% of the 31 energy here pay out more.
The arithmetic
- GAAP earnings — dividends declared per share $1.57 ÷ diluted EPS $4.15
- Operating cash flow — dividends paid $136m ÷ operating cash flow $865m
- Free cash flow — dividends paid $136m ÷ (operating cash flow $865m − capex $322m)
Where the figures came from
- 10-K filed 2026-03-02 · accession 0001609253-26-000051
Every one is public at sec.gov and free to check. That is the point — you should not have to take our word for any of it.
Computed by an open pipeline reading SEC XBRL directly. If any number here looks wrong to you, tell us — that is more useful to us than agreement.
What the free cash flow payout ratio measures, and where every company here sits on it.
Who else looks like this
Every figure above is computed from California Resources’s own filing, and every company here is measured the same way. Screen all of them on any of these twelve measures, or on the rules two investors published — free, and nothing you screen leaves your browser.