CRC — what changed in the latest 10-Q
A section-by-section comparison of CRC's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-05-06 vs the prior 10-Q · 2025-11-05
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +119 | −226 | ~45 | 135 |
| Market risk (Item 3) | Text added/removed | +119 | −226 | ~45 | 133 |
| Controls & procedures | Text added/removed | +119 | −226 | ~45 | 133 |
| Legal proceedings | Text added/removed | +119 | −226 | ~45 | 133 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Other information
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-05-06
•Aera Merger - The transactions contemplated by the definitive agreement and plan of merger entered into on February 7, 2024 to obtain all the ownership interests in Aera in an all-stock transaction.
•Berry Merger - The transactions contemplated by the definitive agreement and plan of merger entered into on September 14, 2025 to combine with Berry in an all-stock transaction.
•Responsible Net Zero - Refers to our net zero emissions goal adopted by our Board of Directors in May 2025 consisting of achieving at least an 80% reduction of absolute Scope 1 and 2 GHG emissions and neutralizing the remaining Scope 1 and 2 emissions to achieve Net Zero by 2045.
Amortization of prior service cost credit included in net periodic benefit cost, net of tax(1)(2)
(a) Tax effects of the amortization of prior service cost credit were insignificant for the three months ended March 31, 2026 and 2025.
Text removed vs the prior filing · source: 10-Q · 2025-11-05
•Aera Merger - The transactions contemplated by the Merger Agreement.
•Responsible Net Zero – Refers to our net zero emissions goal adopted by our Board of Directors in May 2025.
For the three and nine months ended September 30, 2025 and 2024
Revenue from marketing of purchased commodities58 51 178 176
Costs related to marketing of purchased commodities44 43 135 140
Market risk (Item 3)
Text added vs the prior filing · source: 10-Q · 2026-05-06
•Aera Merger - The transactions contemplated by the definitive agreement and plan of merger entered into on February 7, 2024 to obtain all the ownership interests in Aera in an all-stock transaction.
•Berry Merger - The transactions contemplated by the definitive agreement and plan of merger entered into on September 14, 2025 to combine with Berry in an all-stock transaction.
•Responsible Net Zero - Refers to our net zero emissions goal adopted by our Board of Directors in May 2025 consisting of achieving at least an 80% reduction of absolute Scope 1 and 2 GHG emissions and neutralizing the remaining Scope 1 and 2 emissions to achieve Net Zero by 2045.
Amortization of prior service cost credit included in net periodic benefit cost, net of tax(1)(2)
(a) Tax effects of the amortization of prior service cost credit were insignificant for the three months ended March 31, 2026 and 2025.
Text removed vs the prior filing · source: 10-Q · 2025-11-05
•Aera Merger - The transactions contemplated by the Merger Agreement.
•Responsible Net Zero – Refers to our net zero emissions goal adopted by our Board of Directors in May 2025.
For the three and nine months ended September 30, 2025 and 2024
Revenue from marketing of purchased commodities58 51 178 176
Costs related to marketing of purchased commodities44 43 135 140
Controls & procedures
Text added vs the prior filing · source: 10-Q · 2026-05-06
•Aera Merger - The transactions contemplated by the definitive agreement and plan of merger entered into on February 7, 2024 to obtain all the ownership interests in Aera in an all-stock transaction.
•Berry Merger - The transactions contemplated by the definitive agreement and plan of merger entered into on September 14, 2025 to combine with Berry in an all-stock transaction.
•Responsible Net Zero - Refers to our net zero emissions goal adopted by our Board of Directors in May 2025 consisting of achieving at least an 80% reduction of absolute Scope 1 and 2 GHG emissions and neutralizing the remaining Scope 1 and 2 emissions to achieve Net Zero by 2045.
Amortization of prior service cost credit included in net periodic benefit cost, net of tax(1)(2)
(a) Tax effects of the amortization of prior service cost credit were insignificant for the three months ended March 31, 2026 and 2025.
Text removed vs the prior filing · source: 10-Q · 2025-11-05
•Aera Merger - The transactions contemplated by the Merger Agreement.
•Responsible Net Zero – Refers to our net zero emissions goal adopted by our Board of Directors in May 2025.
For the three and nine months ended September 30, 2025 and 2024
Revenue from marketing of purchased commodities58 51 178 176
Costs related to marketing of purchased commodities44 43 135 140
Legal proceedings
Text added vs the prior filing · source: 10-Q · 2026-05-06
•Aera Merger - The transactions contemplated by the definitive agreement and plan of merger entered into on February 7, 2024 to obtain all the ownership interests in Aera in an all-stock transaction.
•Berry Merger - The transactions contemplated by the definitive agreement and plan of merger entered into on September 14, 2025 to combine with Berry in an all-stock transaction.
•Responsible Net Zero - Refers to our net zero emissions goal adopted by our Board of Directors in May 2025 consisting of achieving at least an 80% reduction of absolute Scope 1 and 2 GHG emissions and neutralizing the remaining Scope 1 and 2 emissions to achieve Net Zero by 2045.
Amortization of prior service cost credit included in net periodic benefit cost, net of tax(1)(2)
(a) Tax effects of the amortization of prior service cost credit were insignificant for the three months ended March 31, 2026 and 2025.
Text removed vs the prior filing · source: 10-Q · 2025-11-05
•Aera Merger - The transactions contemplated by the Merger Agreement.
•Responsible Net Zero – Refers to our net zero emissions goal adopted by our Board of Directors in May 2025.
For the three and nine months ended September 30, 2025 and 2024
Revenue from marketing of purchased commodities58 51 178 176
Costs related to marketing of purchased commodities44 43 135 140
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice