CRC California Resources Corporation Common Stock
$53.75
Price · Aug 19, 2026
Fundamentals as of Aug 10, 2026
52W Range
$43–$72
37% of range
Analyst Rating
BUY
16 analysts
Price Target
$77
+44% upside
P/E (TTM)
13.0
ROE
10.2%
Net Profit Margin
9.9%
About California Resources Corporation Common Stock Company overview from Wikipedia
California Resources Corporation is an American energy corporation engaged in hydrocarbon exploration in California. It is organized in Delaware and headquartered in Long Beach, California. Its mineral acreage holdings in California constitute the largest privately held position in the state.
Read more
California Resources Corporation is an American energy corporation engaged in hydrocarbon exploration in California. It is organized in Delaware and headquartered in Long Beach, California. Its mineral acreage holdings in California constitute the largest privately held position in the state.
The company has conventional primary, enhanced oil recovery, and unconventional operations in the San Joaquin Basin, Ventura Basin, and Los Angeles Basin and dry gas production in the Sacramento Basin. Its largest holding is the 47,000-acre Elk Hills Oil Field, 20 miles west of Bakersfield, California in the San Joaquin Valley. It is also operates the Wilmington Oil Field in partnership with California, several smaller fields in Los Angeles County, and the Huntington Beach Oil Field in Orange County, California. As of December 31, 2021, the company had 480 million barrels of oil equivalent (2.9×109 GJ) of estimated proved reserves, of which 71% was petroleum, 20% was natural gas, and 9% was natural gas liquids.
## History
The company was formed in April 2014 as a corporate spin-off of Occidental Petroleum. In April 2018, the company acquired the interest in the Elk Hills Oil Field previously held by Chevron Corporation for $460 million and 2.85 million shares. In July 2020, the company filed bankruptcy with $5 billion in debt; it emerged from bankruptcy in October 2020. In March 2021, Mark A. (“Mac”) McFarland was appointed CEO. The company benefited financially from the 2021 Texas power crisis. In February, 2024, it announced a $2.1 billion, all-stock purchase agreement for Aera Energy.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
CRC Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$53.75
Market Cap
$4.77B
P/E (TTM)
13.0
EPS (TTM)
$4.15
Revenue (TTM)
$3.67B
Div Yield
2.9%
ROE
10.2%
Debt/Equity
0.3
52W Range
$43 – $72
CRC Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$3.67B
2017-12-31
→
2025-12-31
EPS
$4.15
2017-12-31
→
2025-12-31
Free Cash Flow
$543M
2017-12-31
→
2025-12-31
Margins
9.9%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
CRC
Peer Median
P/E (TTM)
13.0
14.8
P/S (TTM)
1.3
1.8
P/B
1.3
1.1
EV / EBITDA
5.3
—
Price / FCF
8.8
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
CRC
Peer Median
Operating Margin
16.3%
—
Net Profit Margin
9.9%
13.5%
ROA
5.0%
5.0%
ROE
10.2%
10.0%
ROIC
8.7%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
CRC
Peer Median
Debt / Equity
0.3
—
Current Ratio
0.9
0.7
Quick Ratio
0.4
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
CRC
Peer Median
Revenue YoY
14.7%
—
Revenue CAGR 3Y
10.7%
—
Revenue CAGR 5Y
21.1%
—
EPS YoY
-10.2%
—
Net Income YoY
-3.5%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
CRC
Peer Median
Payout Ratio
37.5%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
2.9%
Payout Ratio
37.5%
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| May 29, 2026 | $0.4050 |
| March 13, 2026 | $0.4050 |
| Dec. 1, 2025 | $0.4050 |
| Aug. 27, 2025 | $0.3880 |
| May 30, 2025 | $0.3880 |
| March 10, 2025 | $0.3880 |
| Dec. 2, 2024 | $0.3880 |
| Aug. 30, 2024 | $0.3880 |
| May 31, 2024 | $0.3100 |
| March 5, 2024 | $0.3100 |
| Nov. 30, 2023 | $0.3100 |
| Aug. 31, 2023 | $0.2830 |
| May 31, 2023 | $0.2830 |
| March 3, 2023 | $0.2830 |
| Nov. 30, 2022 | $0.2830 |
| Aug. 31, 2022 | $0.1700 |
| May 31, 2022 | $0.1700 |
| March 4, 2022 | $0.1700 |
| Nov. 30, 2021 | $0.1700 |
CRC Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
16 analysts
- Strong Buy 4 25.0%
- Buy 11 68.8%
- Hold 1 6.2%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
11 analysts · 2026-08-19
Median
$79.00
← Below all targets
$53.75
Low
$58.00
High
$87.00
Median target
$79.00
+47.0%
Mean target
$77.45
+44.1%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.03%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.99 | $1.45 | -0.46% |
| March 31, 2026 | $0.88 | $0.86 | 0.02% |
| Dec. 31, 2025 | $0.47 | $0.53 | -0.06% |
| Sept. 30, 2025 | $1.46 | $1.27 | 0.19% |
| June 30, 2025 | $1.10 | $0.92 | 0.18% |
| March 31, 2025 | $1.07 | $0.79 | 0.28% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| CRC | $3.97B | 10.8 | 14.7% | 9.9% | 10.2% | — |
| MTDR | $5.27B | 7.0 | 5.5% | 20.5% | 14.1% | — |
| MGY | — | 75.5 | -0.31% | 24.8% | 16.3% | — |
| CNX | $5.24B | 9.2 | 76.8% | 28.3% | 15.0% | — |
| MUR | $4.46B | 43.4 | -10.2% | 3.8% | 2.0% | — |
| CRGY | — | — | 22.1% | 3.7% | 2.8% | — |
| CRK | $6.79B | 16.2 | 77.0% | 17.8% | 16.2% | — |
| BSM | — | — | 8.3% | 63.8% | — | — |
| COP | — | 14.7 | 7.7% | 13.6% | 12.3% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.67B | $3.20B | $2.80B | $2.71B | $1.89B | · | $2.63B | $3.06B | $2.01B | $1.55B | $2.40B | |
| Cost of Revenue | · | · | · | · | · | · | $2.21B | $2.29B | $1.93B | · | · | |
| SG&A Expense | $333M | $321M | $267M | $222M | $200M | · | $290M | $299M | $249M | $235M | $354M | |
| Operating Expenses | $3.07B | $2.59B | $2.02B | $1.95B | $1.72B | · | · | · | · | · | $354M | |
| Operating Income | $598M | $620M | $808M | $812M | $293M | · | $429M | $769M | $73M | $-293M | $-5.14B | |
| Interest Income | $11M | $18M | $21M | $4M | · | · | · | · | · | · | · | |
| Other Non-op | $15M | $-2M | $6M | $3M | $-2M | · | $-329M | $-340M | $-335M | $507M | $-334M | |
| Pretax Income | $502M | $516M | $748M | $761M | $229M | · | $100M | $429M | $-262M | $201M | $-5.48B | |
| Income Tax | $139M | $140M | $184M | $237M | $-396M | · | $1M | $0 | $0 | $-78M | $-1.92B | |
| Net Income | $363M | $376M | $564M | $524M | $612M | · | $-28M | $328M | $-266M | $279M | $-3.55B | |
| EPS (Basic) | $4.17 | $4.74 | $8.10 | $6.94 | $7.46 | · | $-0.57 | $6.77 | $-6.26 | $6.76 | $-92.79 | |
| EPS (Diluted) | $4.15 | $4.62 | $7.78 | $6.75 | $7.37 | · | $-0.57 | $6.77 | $-6.26 | $6.76 | $-92.79 | |
| Shares (Basic) | 87,000,000 | 79,300,000 | 69,600,000 | 75,500,000 | 82,000,000 | · | 49,000,000 | 47,400,000 | 42,500,000 | 40,400,000 | 38,300,000 | |
| Shares (Diluted) | 87,400,000 | 81,400,000 | 72,500,000 | 77,600,000 | 83,000,000 | · | 49,000,000 | 47,400,000 | 42,500,000 | 40,400,000 | 38,300,000 | |
| EBITDA | $1.11B | $1.01B | $1.03B | $1.01B | $506M | · | $900M | $1.27B | $607M | $253M | $1.00B |
Balance Sheet 26
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $132M | $372M | $496M | $307M | $305M | $28M | $17M | $17M | $20M | $12M | $12M | |
| Receivables | $333M | $330M | $216M | $326M | $245M | $177M | $277M | $299M | $277M | $232M | $200M | |
| Inventory | $106M | $90M | $72M | $60M | $60M | $61M | $67M | $69M | $56M | $58M | $58M | |
| Prepaid Expense | $38M | $28M | $19M | $17M | $16M | $20M | $19M | $16M | $19M | $14M | · | |
| Other Current Assets | $353M | $176M | $113M | $133M | $121M | $63M | $130M | $255M | $130M | $123M | $168M | |
| Current Assets | $938M | $1.02B | $929M | $864M | $753M | $329M | $491M | $640M | $483M | $425M | $438M | |
| PP&E (Net) | · | · | · | · | · | · | $6.35B | $6.46B | $5.70B | $5.88B | $6.31B | |
| PP&E (Gross) | · | · | · | · | · | · | $22.89B | $22.52B | $21.26B | $20.91B | $21.00B | |
| Accum. Depreciation | · | · | · | · | · | · | $16.54B | $16.07B | $15.56B | $15.03B | $14.68B | |
| Other Non-current Assets | $373M | $272M | $148M | $140M | $98M | $90M | $115M | $63M | $28M | $44M | $303M | |
| Total Assets | $7.40B | $7.13B | $4.00B | $3.97B | $3.85B | $3.07B | $6.96B | $7.16B | $6.21B | $6.35B | $7.05B | |
| Accounts Payable | $452M | $369M | $245M | $345M | $266M | $212M | $296M | $390M | $257M | $219M | $257M | |
| Accrued Liabilities | $556M | $611M | $366M | $298M | $297M | $211M | $313M | $217M | $475M | $407M | $222M | |
| Current Liabilities | $1.05B | $980M | $616M | $894M | $854M | $473M | $709M | $607M | $732M | $726M | $605M | |
| Capital Leases | $61M | $76M | $55M | $52M | $37M | $35M | $37M | · | · | · | · | |
| Deferred Tax | $154M | $113M | $0 | · | · | · | · | · | · | · | · | |
| Other Non-current Liabilities | $312M | $377M | $201M | $185M | $145M | $269M | $720M | $575M | $602M | $620M | $830M | |
| Long-term Debt | · | $1.13B | $540M | $592M | $589M | $597M | $4.98B | $5.25B | $5.31B | $5.27B | $6.14B | |
| Total Debt | $1.28B | $1.13B | $540M | $592M | $589M | · | · | · | · | · | $6.14B | |
| Common Stock | $1M | $1M | $1M | $1M | $1M | $1M | $0 | $0 | · | · | · | |
| Retained Earnings | $1.91B | $1.68B | $1.42B | $938M | $475M | $-123M | $-5.37B | $-5.34B | $-5.67B | $-5.40B | $-5.68B | |
| Treasury Stock | $944M | $796M | $604M | $461M | $148M | $0 | · | · | · | · | · | |
| AOCI | $87M | $75M | $74M | $81M | $72M | $-8M | $-23M | $-6M | $-23M | $-14M | $-15M | |
| Stockholders' Equity | $3.67B | $3.54B | $2.22B | $1.86B | $1.69B | $1.18B | $-389M | $-361M | $-814M | $-557M | $-916M | |
| Liabilities + Equity | $7.40B | $7.13B | $4.00B | $3.97B | $3.85B | $3.07B | $6.96B | $7.16B | $6.21B | $6.35B | $7.05B | |
| Shares Outstanding | 88,754,165 | 91,100,322 | 68,693,885 | 71,949,742,000 | 79,299,222,000 | 83,319,660,000 | 49,175,843 | 48,650,000 | 42,902,000 | 42,543,000 | 38,818,000 |
Cash Flow 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $511M | $388M | $225M | $198M | $213M | · | $471M | $502M | $544M | $559M | $1.00B | |
| Deferred Tax | $85M | $71M | $35M | $226M | $-396M | · | $0 | · | · | $-78M | $-2.26B | |
| Other Non-cash | $-94M | $-225M | $-171M | $-258M | $231M | · | $233M | $-369M | $-30M | $-630M | $5.21B | |
| Operating Cash Flow | $865M | $610M | $653M | $690M | $660M | · | $676M | $461M | $248M | $130M | $403M | |
| CapEx | $322M | $255M | $185M | $379M | $194M | · | $455M | $690M | $371M | $75M | $401M | |
| Investing Cash Flow | $-725M | $-1.08B | $-175M | $-317M | $-161M | · | $-394M | $-1.16B | $-313M | $-61M | $-757M | |
| Debt Issued | · | · | · | · | · | · | $0 | $0 | $1.27B | · | · | |
| Net Debt Issued | · | · | · | · | · | · | $0 | · | $1.27B | · | · | |
| Stock Issued | $3M | $2M | $2M | $1M | $2M | · | $4M | $54M | $3M | $4M | $8M | |
| Stock Repurchased | $377M | $192M | $143M | $313M | $148M | · | $0 | · | · | · | · | |
| Net Stock Activity | $-374M | $-190M | $-141M | $-312M | $-146M | · | $4M | $54M | · | $4M | $8M | |
| Dividends Paid | $136M | $113M | $81M | $59M | $14M | · | $0 | · | · | · | $12M | |
| Financing Cash Flow | $-380M | $343M | $-289M | $-371M | $-222M | · | $-282M | $692M | $73M | $-69M | $352M | |
| Net Change in Cash | $-240M | $-124M | $189M | $2M | $277M | · | $0 | $-3M | $8M | · | $-2M | |
| Free Cash Flow | $543M | $355M | $468M | $311M | $466M | · | $221M | $-229M | $-123M | $55M | $2M |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 16.3% | 19.4% | 28.8% | 30.0% | 15.5% | · | 16.3% | 25.1% | 3.1% | -19.8% | · | |
| Net Margin | 9.9% | 11.8% | 20.1% | 19.4% | 32.4% | · | -1.1% | 10.7% | -13.3% | 18.0% | -147.9% | |
| Pretax Margin | 13.7% | 16.1% | 26.7% | 28.1% | 12.1% | · | 3.8% | 14.0% | -13.1% | 13.0% | -227.9% | |
| EBITDA Margin | 30.2% | 31.5% | 36.9% | 37.3% | 26.8% | · | 34.2% | 41.5% | 30.3% | 16.4% | 41.8% | |
| ROA | 5.0% | 6.8% | 14.2% | 13.4% | 17.7% | · | -0.40% | 4.9% | -4.2% | 4.2% | -36.5% | |
| ROE | 10.2% | 10.7% | 26.4% | 28.2% | 44.7% | · | 7.5% | -55.8% | 38.8% | -37.9% | -419.4% | |
| ROIC | 8.7% | 9.7% | 22.1% | 22.8% | 35.1% | · | -109.2% | · | · | 76.3% | · |
Liquidity & Solvency 4
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.9 | 1.0 | 1.5 | 1.0 | 0.9 | 0.7 | 0.7 | 1.1 | 0.7 | 0.6 | 0.8 | |
| Quick Ratio | 0.4 | 0.7 | 1.2 | 0.7 | 0.6 | 0.4 | 0.4 | 0.5 | 0.4 | 0.3 | 0.4 | |
| Debt / Equity | 0.3 | 0.3 | 0.2 | 0.3 | 0.3 | · | · | · | · | · | -6.7 | |
| LT Debt / Equity | 0.3 | 0.3 | 0.2 | 0.3 | 0.3 | · | · | · | · | · | -6.6 |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.5 | 0.6 | 0.7 | 0.7 | 0.5 | · | 0.4 | 0.5 | 0.3 | 0.2 | 0.2 | |
| Inventory Turnover | · | · | · | · | · | · | 32.4 | · | · | · | · | |
| Receivables Turnover | 11.1 | 11.7 | 10.3 | 9.5 | 9.0 | · | 9.1 | 10.6 | 7.9 | 7.2 | 9.5 |
Growth Rates 9
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 14.7% | 14.2% | 3.5% | 43.3% | 34.3% | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 10.7% | 19.2% | 25.8% | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 21.1% | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | -10.2% | -40.6% | 15.3% | -8.4% | -81.8% | · | · | · | · | · | · | |
| EPS CAGR 3Y | -15.0% | -14.4% | -42.3% | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | -36.6% | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | -3.5% | -33.3% | 7.6% | -14.4% | -67.6% | · | · | · | · | · | · | |
| Net Income CAGR 3Y | -11.5% | -15.0% | -33.2% | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | -28.1% | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $3.67B | $3.20B | $2.80B | $2.71B | $1.89B | $1.94B | $2.63B | $3.06B | $2.01B | $1.55B | $2.40B | |
| Net Income TTM | $363M | $376M | $564M | $524M | $612M | $-2.00B | $-28M | $328M | $-266M | $279M | $-3.55B | |
| Market Cap | $3.97B | $4.73B | $3.76B | $3.13B | $3.39B | $1.97B | · | · | · | · | · | |
| Enterprise Value | $5.12B | $5.49B | $3.80B | $3.42B | $3.67B | · | · | · | · | · | · | |
| P/E | 10.8 | 11.2 | 7.0 | 6.4 | 5.8 | -0.6 | · | · | · | · | · | |
| P/S | 1.1 | 1.5 | 1.3 | 1.2 | 1.8 | 1.0 | · | · | · | · | · | |
| P/B | 1.1 | 1.3 | 1.7 | 1.7 | 2.0 | 1.7 | · | · | · | · | · | |
| P / Tangible Book | 1.1 | 1.3 | 1.7 | 1.7 | 2.0 | 1.7 | · | · | · | · | · | |
| P / Cash Flow | 4.6 | 7.7 | 5.8 | 4.5 | 5.1 | · | · | · | · | · | · | |
| P / FCF | 7.3 | 13.3 | 8.0 | 10.1 | 7.3 | · | · | · | · | · | · | |
| EV / EBITDA | 4.6 | 5.4 | 3.7 | 3.4 | 7.3 | · | · | · | · | · | · | |
| EV / FCF | 9.4 | 15.5 | 8.1 | 11.0 | 7.9 | · | · | · | · | · | · | |
| EV / Revenue | 1.4 | 1.7 | 1.4 | 1.3 | 1.9 | · | · | · | · | · | · | |
| Dividend Yield | 3.4% | 2.4% | 2.2% | 1.9% | 0.41% | · | · | · | · | · | · | |
| Earnings Yield | 9.3% | 8.9% | 14.2% | 15.5% | 17.3% | -160.3% | · | · | · | · | · | |
| Payout Ratio | 37.5% | 30.0% | 14.4% | 11.3% | 2.3% | · | · | · | · | · | -0.34% | |
| Annual Payout | $136M | $113M | $81M | $59M | $14M | · | $0 | · | · | · | $12M |
Income Statement 14
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.30B | $119M | $924M | $855M | $978M | $912M | $877M | $1.35B | $514M | $454M | $726M | $460M | $591M | $1.02B | $682M | $1.12B | |
| SG&A Expense | $97M | $106M | $95M | $87M | $79M | $72M | $95M | $106M | $63M | $57M | $66M | $65M | $71M | $65M | $59M | $59M | |
| Operating Expenses | $786M | $830M | $877M | $756M | $711M | $726M | $813M | $835M | $477M | $464M | $468M | $475M | $444M | $638M | $549M | $536M | |
| Operating Income | $511M | $-711M | $47M | $98M | $267M | $186M | $68M | $518M | $38M | $-4M | $283M | $-15M | $147M | $393M | $132M | $591M | |
| Interest Income | $1M | $1M | $4M | $1M | $3M | $3M | $3M | $1M | $8M | $6M | $7M | $5M | $6M | $3M | · | · | |
| Other Non-op | $5M | $3M | $6M | $4M | $0 | $5M | $2M | $1M | $-6M | $1M | $1M | $3M | $3M | $-1M | $0 | $1M | |
| Pretax Income | $458M | $-760M | $23M | $75M | $242M | $162M | $41M | $483M | $11M | $-19M | $267M | $-30M | $135M | $376M | $117M | $579M | |
| Income Tax | $-56M | $-49M | $11M | $11M | $70M | $47M | $8M | $138M | $3M | $-9M | $79M | $-8M | $38M | $75M | $34M | $153M | |
| Net Income | $514M | $-711M | $12M | $64M | $172M | $115M | $33M | $345M | $8M | $-10M | $188M | $-22M | $97M | $301M | $83M | $426M | |
| EPS (Basic) | $5.79 | $-8.02 | $0.21 | $0.76 | $1.93 | $1.27 | $0.90 | $3.86 | $0.12 | $-0.14 | $2.81 | $-0.32 | $1.39 | $4.22 | $0.94 | $5.75 | |
| EPS (Diluted) | $5.76 | $-8.02 | $0.21 | $0.76 | $1.92 | $1.26 | $0.87 | $3.78 | $0.11 | $-0.14 | $2.66 | $-0.32 | $1.35 | $4.09 | $0.99 | $5.58 | |
| Shares (Basic) | 88,800,000 | 88,700,000 | -176,300,000 | 83,700,000 | 89,000,000 | 90,600,000 | -147,200,000 | 89,400,000 | 68,100,000 | 69,000,000 | -140,100,000 | 68,700,000 | 69,700,000 | 71,300,000 | -153,800,000 | 74,100,000 | |
| Shares (Diluted) | 89,300,000 | 88,700,000 | -177,600,000 | 84,400,000 | 89,400,000 | 91,200,000 | -148,800,000 | 91,200,000 | 70,000,000 | 69,000,000 | -141,600,000 | 68,700,000 | 71,900,000 | 73,500,000 | -156,000,000 | 76,300,000 | |
| EBITDA | $642M | $-578M | · | $221M | $395M | $317M | · | $658M | $91M | $49M | · | $41M | $203M | $451M | · | $641M |
Balance Sheet 23
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $56M | $40M | $132M | $196M | $72M | $214M | $372M | $241M | $1.03B | $403M | · | $479M | $448M | $477M | · | $358M | |
| Receivables | $342M | $454M | $333M | $286M | $297M | $308M | $330M | $313M | $175M | $192M | · | $243M | $183M | $249M | · | $289M | |
| Inventory | $111M | $107M | $106M | $94M | $93M | $91M | $90M | $75M | $56M | $70M | · | $71M | $69M | $64M | · | $59M | |
| Prepaid Expense | $40M | $45M | $38M | $17M | $25M | $24M | $28M | $18M | $16M | $29M | · | $16M | $21M | $16M | · | $14M | |
| Other Current Assets | $179M | $180M | $353M | $203M | $227M | $133M | $176M | $184M | $103M | $95M | · | $97M | $125M | $139M | · | $143M | |
| Current Assets | $697M | $788M | $938M | $812M | $728M | $799M | $1.02B | $872M | $1.44B | $839M | · | $929M | $867M | $972M | · | $884M | |
| Other Non-current Assets | $285M | $274M | $373M | $280M | $298M | $268M | $272M | $286M | $122M | $123M | · | $136M | $166M | $133M | · | $124M | |
| Total Assets | $7.10B | $7.15B | $7.40B | $6.75B | $6.71B | $6.83B | $7.13B | $7.13B | $4.49B | $3.91B | · | $3.95B | $3.90B | $4.00B | · | $3.99B | |
| Accounts Payable | $389M | $472M | $452M | $316M | $329M | $340M | $369M | $351M | $248M | $251M | · | $224M | $206M | $260M | · | $305M | |
| Accrued Liabilities | $519M | $548M | $598M | $479M | $477M | $499M | $611M | $541M | $340M | $338M | · | $362M | $299M | $298M | · | $371M | |
| Current Liabilities | $1.05B | $1.44B | $1.05B | $917M | $928M | $961M | $980M | $897M | $593M | $594M | · | $694M | $582M | $717M | · | $932M | |
| Capital Leases | $53M | $55M | $61M | $67M | $60M | $64M | $76M | $71M | $55M | $56M | · | $53M | $64M | $50M | · | · | |
| Deferred Tax | $73M | $108M | $154M | $212M | $185M | $134M | $113M | $124M | · | · | · | · | · | · | · | · | |
| Other Non-current Liabilities | $299M | $297M | $329M | $325M | $335M | $339M | $377M | $337M | $248M | $253M | · | $231M | $204M | $175M | · | $185M | |
| Long-term Debt | · | · | · | $1.01B | $1.01B | $1.01B | · | $1.13B | $1.16B | $541M | · | $589M | $593M | $592M | · | $591M | |
| Total Debt | $1.28B | $1.31B | · | $1.01B | $1.01B | $1.01B | · | $1.13B | $1.16B | $541M | · | $589M | $593M | $592M | · | $591M | |
| Common Stock | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | · | $1M | $1M | $1M | · | $1M | |
| Retained Earnings | $1.63B | $1.16B | $1.91B | $1.93B | $1.90B | $1.76B | $1.68B | $1.68B | $1.37B | $1.39B | · | $1.25B | $1.29B | $1.22B | · | $876M | |
| Treasury Stock | $954M | $954M | $944M | $922M | $922M | $897M | $796M | $739M | $697M | $662M | · | $604M | $584M | $520M | · | $395M | |
| AOCI | $85M | $86M | $87M | $72M | $72M | $73M | $75M | $77M | $72M | $72M | · | $76M | $81M | $81M | · | $72M | |
| Stockholders' Equity | $3.40B | $2.92B | $3.67B | $3.44B | $3.41B | $3.52B | $3.54B | $3.50B | $2.05B | $2.09B | $2.22B | $2.05B | $2.11B | $2.09B | $1.86B | $1.85B | |
| Liabilities + Equity | $7.10B | $7.15B | $7.40B | $6.75B | $6.71B | $6.83B | $7.13B | $7.13B | $4.49B | $3.91B | · | $3.95B | $3.90B | $4.00B | · | $3.99B | |
| Shares Outstanding | 88,819,893 | 88,794,901 | 88,754,165 | 83,711,931 | 83,679,985 | 89,175,034 | 91,100,322 | 89,461,673 | 67,876,933 | 68,530,744 | 68,693,885 | 68,619,851 | 68,962,220 | 70,549,158 | 71,949,742,000 | 73,470,932 |
Cash Flow 13
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $131M | $133M | $129M | $123M | $128M | $131M | $142M | $140M | $53M | $53M | $55M | $56M | $56M | $58M | $49M | $50M | |
| Deferred Tax | $-55M | $-50M | $9M | $35M | $6M | $35M | $-13M | $90M | $3M | $-9M | $19M | $-40M | $9M | $47M | $60M | $137M | |
| Other Non-cash | $-364M | $579M | · | $14M | $-197M | $-161M | · | $-384M | $22M | $48M | · | $85M | $-44M | $-102M | · | $-344M | |
| Operating Cash Flow | $263M | $99M | $235M | $279M | $165M | $186M | $206M | $220M | $97M | $87M | $131M | $104M | $108M | $310M | $114M | $235M | |
| CapEx | $149M | $131M | $120M | $91M | $56M | $55M | $88M | $79M | $34M | $54M | $66M | $33M | $39M | $47M | $75M | $107M | |
| Investing Cash Flow | $-153M | $-136M | $-508M | $-87M | $-51M | $-79M | $-67M | $-928M | $-33M | $-49M | $-42M | $-28M | $-44M | $-61M | $-79M | $-109M | |
| Stock Issued | $0 | $0 | $1M | $0 | $-4M | $6M | $-1M | $0 | $2M | $1M | $1M | $0 | $0 | $1M | $0 | $1M | |
| Stock Repurchased | $0 | $10M | $25M | $34M | $217M | $101M | $57M | $42M | $35M | $58M | $0 | $20M | $64M | $59M | $66M | $80M | |
| Net Stock Activity | $0 | $-10M | · | $-34M | $-221M | $-95M | · | $-42M | $-33M | $-57M | · | $-20M | $-64M | $-58M | · | $-79M | |
| Dividends Paid | $36M | $36M | $34M | $32M | $35M | $35M | $36M | $34M | $22M | $21M | $22M | $19M | $20M | $20M | $20M | $13M | |
| Financing Cash Flow | $-94M | $-55M | $209M | $-68M | $-256M | $-265M | $-8M | $-82M | $564M | $-131M | $-72M | $-45M | $-93M | $-79M | $-86M | $-92M | |
| Net Change in Cash | $16M | $-92M | $-64M | $124M | $-142M | $-158M | $131M | $-790M | $628M | $-93M | $17M | $31M | $-29M | $170M | $-51M | $34M | |
| Free Cash Flow | $114M | $-32M | · | $188M | $109M | $131M | · | $141M | $63M | $33M | · | $71M | $69M | $263M | · | $128M |
Profitability 7
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 39.4% | -597.5% | · | 11.5% | 27.3% | 20.4% | · | 38.3% | 7.4% | -0.88% | · | -3.3% | 24.9% | 38.4% | · | 52.5% | |
| Net Margin | 39.6% | -597.5% | · | 7.5% | 17.6% | 12.6% | · | 25.5% | 1.6% | -2.2% | · | -4.8% | 16.4% | 29.4% | · | 37.9% | |
| Pretax Margin | 35.3% | -638.7% | · | 8.8% | 24.7% | 17.8% | · | 35.7% | 2.1% | -4.2% | · | -6.5% | 22.8% | 36.7% | · | 51.5% | |
| EBITDA Margin | 49.5% | -485.7% | · | 25.9% | 40.4% | 34.8% | · | 48.6% | 17.7% | 10.8% | · | 8.9% | 34.4% | 44.0% | · | 57.0% | |
| ROA | 7.4% | -10.2% | · | 0.92% | 3.1% | 2.1% | · | 6.2% | 0.19% | -0.25% | · | -0.55% | 2.5% | 7.5% | · | 11.6% | |
| ROE | 15.1% | -22.1% | · | 1.8% | 6.3% | 4.1% | · | 12.4% | 0.38% | -0.48% | · | -1.1% | 5.3% | 17.1% | · | 29.3% | |
| ROIC | 12.2% | -15.7% | · | 1.9% | 4.3% | 2.9% | · | 8.0% | 0.86% | -0.08% | · | -0.42% | 3.9% | 11.7% | · | 17.8% |
Liquidity & Solvency 4
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.7 | 0.5 | · | 0.9 | 0.8 | 0.8 | · | 1.0 | 2.4 | 1.4 | · | 1.3 | 1.5 | 1.4 | · | 0.9 | |
| Quick Ratio | 0.4 | 0.3 | · | 0.5 | 0.4 | 0.5 | · | 0.6 | 2.0 | 1.0 | · | 1.0 | 1.1 | 1.0 | · | 0.7 | |
| Debt / Equity | 0.4 | 0.4 | · | 0.3 | 0.3 | 0.3 | · | 0.3 | 0.6 | 0.3 | · | 0.3 | 0.3 | 0.3 | · | 0.3 | |
| LT Debt / Equity | 0.4 | 0.4 | · | 0.3 | 0.3 | 0.3 | · | 0.3 | 0.6 | 0.3 | · | 0.3 | 0.3 | 0.3 | · | 0.3 |
Efficiency 2
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.0 | · | 0.1 | 0.2 | 0.2 | · | 0.2 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.3 | · | 0.3 | |
| Receivables Turnover | 4.1 | 0.3 | · | 2.9 | 4.1 | 3.6 | · | 4.9 | 2.9 | 2.1 | · | 1.7 | 2.3 | 3.7 | · | 4.1 |
Valuation (TTM) 17
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $3.25B | $2.86B | · | $4.10B | $3.76B | $3.23B | · | $2.78B | $2.02B | $2.53B | · | $3.20B | $3.49B | $3.05B | · | $2.61B | |
| Net Income TTM | $39M | $-360M | · | $696M | $640M | $458M | · | $321M | $73M | $366M | · | $802M | $1.01B | $742M | · | $544M | |
| Market Cap | $4.70B | $6.15B | · | $4.45B | $3.82B | $3.92B | · | $4.69B | $3.61B | $3.78B | · | $3.84B | $3.12B | $2.72B | · | $2.82B | |
| Enterprise Value | $5.92B | $7.42B | · | $5.27B | $4.76B | $4.72B | · | $5.58B | $3.74B | $3.91B | · | $3.95B | $3.27B | $2.83B | · | $3.06B | |
| P/E | 125.9 | -17.0 | · | 6.9 | 6.5 | 8.8 | · | 15.3 | 53.2 | 11.1 | · | 5.2 | 3.4 | 3.9 | · | 5.5 | |
| P/S | 1.4 | 2.1 | · | 1.1 | 1.0 | 1.2 | · | 1.7 | 1.8 | 1.5 | · | 1.2 | 0.9 | 0.9 | · | 1.1 | |
| P/B | 1.4 | 2.1 | · | 1.3 | 1.1 | 1.1 | · | 1.3 | 1.8 | 1.8 | · | 1.9 | 1.5 | 1.3 | · | 1.5 | |
| P / Tangible Book | 1.4 | 2.1 | · | 1.3 | 1.1 | 1.1 | · | 1.3 | 1.8 | 1.8 | · | 1.9 | 1.5 | 1.3 | · | 1.5 | |
| P / Cash Flow | 17.9 | 62.1 | · | 16.0 | 23.2 | 21.1 | · | 21.3 | 37.2 | 43.4 | · | 37.0 | 28.9 | 8.8 | · | 12.0 | |
| P / FCF | 41.2 | -192.1 | · | 23.7 | 35.1 | 29.9 | · | 33.3 | 57.3 | 114.4 | · | 54.1 | 45.3 | 10.3 | · | 22.1 | |
| EV / EBITDA | 9.2 | -12.8 | · | 23.8 | 12.0 | 14.9 | · | 8.5 | 41.1 | 79.9 | · | 96.4 | 16.1 | 6.3 | · | 4.8 | |
| EV / FCF | 51.9 | -231.8 | · | 28.0 | 43.7 | 36.0 | · | 39.6 | 59.4 | 118.6 | · | 55.7 | 47.4 | 10.8 | · | 23.9 | |
| EV / Revenue | 1.8 | 2.6 | · | 1.3 | 1.3 | 1.5 | · | 2.0 | 1.9 | 1.5 | · | 1.2 | 0.9 | 0.9 | · | 1.2 | |
| Dividend Yield | 3.0% | 2.2% | · | 3.0% | 3.3% | 2.9% | · | 2.1% | 2.3% | 2.1% | · | 1.9% | 2.1% | 2.2% | · | · | |
| Earnings Yield | 0.79% | -5.9% | · | 14.5% | 15.5% | 11.4% | · | 6.5% | 1.9% | 9.0% | · | 19.1% | 29.6% | 25.6% | · | 18.2% | |
| Payout Ratio | 7.0% | -5.1% | · | 50.0% | 20.3% | 30.4% | · | 9.9% | 275.0% | -210.0% | · | -86.4% | · | · | · | · | |
| Annual Payout | $139M | $138M | · | $136M | $126M | $112M | · | $96M | $82M | $80M | · | $72M | $66M | $59M | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $3.67B | $3.20B | $2.80B | $2.71B | $1.89B |
| Operating Margin % | 16.3% | 19.4% | 28.8% | 30.0% | 15.5% |
| Net Income | $363M | $376M | $564M | $524M | $612M |
| Diluted EPS | $4.15 | $4.62 | $7.78 | $6.75 | $7.37 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 0.3 | 0.3 | 0.2 | 0.3 | 0.3 |
| Current Ratio | 0.9 | 1.0 | 1.5 | 1.0 | 0.9 |
| Quick Ratio | 0.4 | 0.7 | 1.2 | 0.7 | 0.6 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $543M | $355M | $468M | $311M | $466M |
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Institutional owners (13F) 397 filers · $3.1B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 81 (-1 vs prior Q) | 56 (+18 vs prior Q) | 117 (+5 vs prior Q) | 121 (+9 vs prior Q) | -4.5M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| CANADA PENSION PLAN INVESTMENT BOARD | $370,454,539 | 7,006,895 | 11.90% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $278,786,418 | 5,273,055 | 8.95% | Shares |
| Sourcerock Group LLC | $258,554,814 | 4,890,388 | 8.30% | Shares |
| STATE STREET CORP | $227,515,682 | 4,303,304 | 7.31% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $199,379,326 | 3,771,124 | 6.40% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $196,837,759 | 3,723,052 | 6.32% | Shares |
| AMERICAN CENTURY COMPANIES INC | $144,152,117 | 2,726,539 | 4.63% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $112,472,783 | 2,127,346 | 3.61% | Shares |
| CITADEL ADVISORS LLC | $98,808,267 | 1,868,891 | 3.17% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $94,611,117 | 1,789,015 | 3.04% | Shares |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | $94,391,084 | 1,785,343 | 3.03% | Shares |
| FMR LLC | $92,016,587 | 1,740,431 | 2.95% | Shares |
| Grantham, Mayo, Van Otterloo & Co. LLC | $47,988,037 | 907,661 | 1.54% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $47,281,905 | 894,305 | 1.52% | Shares |
| Channing Capital Management, LLC | $43,439,472 | 821,628 | 1.39% | Shares |
| Balyasny Asset Management L.P. | $28,007,089 | 529,735 | 0.90% | Shares |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $27,923,185 | 528,148 | 0.90% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $27,655,345 | 523,082 | 0.89% | Shares |
| PRIVATE MANAGEMENT GROUP INC | $26,744,977 | 505,863 | 0.86% | Shares |
| NEUBERGER BERMAN GROUP LLC | $24,788,332 | 468,906 | 0.80% | Shares |
| GOLDMAN SACHS GROUP INC | $20,372,661 | 385,335 | 0.65% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $19,686,673 | 372,360 | 0.63% | Shares |
| AMERIPRISE FINANCIAL INC | $18,693,986 | 353,584 | 0.60% | Shares |
| Palo Duro Investment Partners, LP | $18,539,236 | 350,657 | 0.60% | Shares |
| Public Sector Pension Investment Board | $17,475,385 | 330,535 | 0.56% | Shares |
| Eurizon Capital SGR S.p.A. | $16,911,104 | 319,862 | 0.54% | Shares |
| BOOTHBAY FUND MANAGEMENT, LLC | $15,335,419 | 290,059 | 0.49% | Shares |
| FRANKLIN RESOURCES INC | $15,108,343 | 285,764 | 0.49% | Shares |
| DEUTSCHE BANK AG\ | $14,972,255 | 283,190 | 0.48% | Shares |
| Qube Research & Technologies Ltd | $14,958,086 | 282,922 | 0.48% | Shares |
| WEDGE CAPITAL MANAGEMENT L L P/NC | $14,581,331 | 210,652 | 0.47% | Shares |
| LOOMIS SAYLES & CO L P | $13,215,068 | 249,954 | 0.42% | Shares |
| Edgestream Partners, L.P. | $13,180,861 | 249,307 | 0.42% | Shares |
| Brandywine Global Investment Management, LLC | $12,688,430 | 283,794 | 0.41% | Shares |
| DAVENPORT & Co LLC | $11,621,154 | 220,916 | 0.37% | Shares |
| SIR Capital Management, L.P. | $11,548,817 | 218,438 | 0.37% | Shares |
| Penn Capital Management Company, LLC | $11,174,717 | 211,132 | 0.36% | Shares |
| RHUMBLINE ADVISERS | $10,537,073 | 199,302 | 0.34% | Shares |
| Steamboat Capital Partners, LLC | $10,455,307 | 197,755 | 0.34% | Shares |
| PRUDENTIAL FINANCIAL INC | $9,752,347 | 184,459 | 0.31% | Shares |
| SEGALL BRYANT & HAMILL, LLC | $9,506,079 | 179,801 | 0.31% | Shares |
| BlackBarn Capital Partners LP | $9,252,250 | 175,000 | 0.30% | Shares |
| ArrowMark Colorado Holdings LLC | $8,776,420 | 166,000 | 0.28% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $8,346,534 | 157,869 | 0.27% | Shares |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $7,930,500 | 150,000 | 0.25% | Shares |
| Walleye Capital LLC | $7,865,787 | 148,776 | 0.25% | Shares |
| Clearbridge Investments, LLC | $7,726,140 | 146,135 | 0.25% | Shares |
| Corigliano Investment Advisers, LLC | $7,593,434 | 109,700 | 0.24% | Shares |
| BANK OF AMERICA CORP /DE/ | $7,590,493 | 143,569 | 0.24% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $7,588,114 | 143,524 | 0.24% | Shares |
| Hudson Bay Capital Management LP | $7,516,052 | 142,161 | 0.24% | Shares |
| TWO SIGMA INVESTMENTS, LP | $7,192,963 | 136,050 | 0.23% | Shares |
| Cubist Systematic Strategies, LLC | $7,072,887 | 132,999 | 0.23% | Shares |
| Swiss National Bank | $7,058,145 | 133,500 | 0.23% | Shares |
| Kore Advisors LP | $7,020,290 | 132,784 | 0.23% | Shares |
| FIRST TRUST ADVISORS LP | $6,894,512 | 130,405 | 0.22% | Shares |
| Clayton Partners LLC | $6,463,886 | 122,260 | 0.21% | Shares |
| Legal & General Group Plc | $6,307,179 | 119,296 | 0.20% | Shares |
| ALLIANCEBERNSTEIN L.P. | $6,269,948 | 90,580 | 0.20% | Shares |
| Carlson Capital, L.P. | $5,960,987 | 112,748 | 0.19% | Shares |
| Nuveen Asset Management, LLC | $5,552,541 | 107,006 | 0.18% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $5,284,462 | 76,343 | 0.17% | Shares |
| Aristides Capital LLC | $4,866,948 | 92,055 | 0.16% | Shares |
| Gimbel Daniel Scott | $4,866,366 | 92,044 | 0.16% | Shares |
| Hara Capital LLC | $4,825,075 | 91,263 | 0.15% | Shares |
| Saber Capital Managment, LLC | $4,468,061 | 84,510 | 0.14% | Shares |
| WOLVERINE ASSET MANAGEMENT LLC | $4,441,080 | 84,000 | 0.14% | Put option |
| READYSTATE ASSET MANAGEMENT LP | $4,348,822 | 82,255 | 0.14% | Shares |
| ZACKS INVESTMENT MANAGEMENT | $4,224,844 | 79,909 | 0.14% | Shares |
| HITE Hedge Asset Management LLC | $4,135,544 | 78,221 | 0.13% | Shares |
| Neo Ivy Capital Management | $4,045,876 | 76,525 | 0.13% | Shares |
| Y-Intercept (Hong Kong) Ltd | $4,022,455 | 76,082 | 0.13% | Shares |
| Rafferty Asset Management, LLC | $3,543,030 | 67,014 | 0.11% | Shares |
| Squarepoint Ops LLC | $3,474,616 | 65,720 | 0.11% | Shares |
| Trexquant Investment LP | $3,425,500 | 64,791 | 0.11% | Shares |
| SEI INVESTMENTS CO | $3,300,570 | 62,428 | 0.11% | Shares |
| MILLENNIUM MANAGEMENT LLC | $2,954,693 | 55,886 | 0.09% | Shares |
| BlackRock, Inc. | $2,954,270 | 55,878 | 0.09% | Shares |
| MORGAN STANLEY | $2,948,084 | 55,761 | 0.09% | Shares |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC | $2,915,992 | 55,154 | 0.09% | Shares |
| GREAT LAKES ADVISORS, LLC | $2,827,646 | 53,483 | 0.09% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $2,805,494 | 53,064 | 0.09% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $2,791,536 | 52,800 | 0.09% | Call option |
| VOYA INVESTMENT MANAGEMENT LLC | $2,687,065 | 50,824 | 0.09% | Shares |
| PANAGORA ASSET MANAGEMENT INC | $2,644,240 | 50,014 | 0.08% | Shares |
| CITADEL ADVISORS LLC | $2,643,500 | 50,000 | 0.08% | Call option |
| XTX Topco Ltd | $2,439,951 | 46,150 | 0.08% | Shares |
| MetLife Investment Management, LLC | $2,268,599 | 42,909 | 0.07% | Shares |
| Weiss Asset Management LP | $2,218,267 | 41,957 | 0.07% | Shares |
| Illinois Municipal Retirement Fund | $2,197,912 | 41,572 | 0.07% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $2,140,918 | 40,494 | 0.07% | Shares |
| ROYCE & ASSOCIATES LP | $2,042,950 | 38,641 | 0.07% | Shares |
| ARGA Investment Management, LP | $1,984,793 | 37,541 | 0.06% | Shares |
| South Street Advisors LLC | $1,963,063 | 37,130 | 0.06% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $1,910,933 | 36,144 | 0.06% | Shares |
| ALGERT GLOBAL LLC | $1,840,405 | 34,810 | 0.06% | Shares |
| FIFTH THIRD BANCORP | $1,810,429 | 34,243 | 0.06% | Shares |
| Louisiana State Employees Retirement System | $1,808,154 | 34,200 | 0.06% | Shares |
| Allianz Asset Management GmbH | $1,790,721 | 25,870 | 0.06% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $1,790,020 | 33,857 | 0.06% | Shares |
Company insiders 19 insiders · 11 officers · 7 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Todd A. Stevens | President and CEO | Nov. 30, 2014 J | 16,790 | 0 | 0 | $0 |
| Marshall D Smith | Senior Exec. VP and CFO | Nov. 13, 2014 P | 15,000 | 0 | 0 | $0 |
| Omar Hayat | EVP & Chief Operating Officer | June 19, 2026 F | 83,492 | 0 | 0 | $0 |
| Michael S. Helm | Vice President and Controller | Dec. 2, 2014 P | 3,851 | 0 | 0 | $0 |
| Roy Pineci | Exec. VP - Finance | Dec. 2, 2014 P | 33,582 | 0 | 0 | $0 |
| William E Albrecht | Executive Chairman | Dec. 1, 2014 P | 31,988 | 0 | 0 | $0 |
| Robert A. Barnes | Exec. VP - N. Operations | Nov. 30, 2014 J | 529 | 0 | 0 | $0 |
| Michael L. Preston | Exec. VP, GC and Secretary | Nov. 30, 2014 J | 7,996 | 0 | 0 | $0 |
| Frank E. Komin | Exec. VP - S. Operations | Nov. 30, 2014 J | 3,700 | 0 | 0 | $0 |
| Charles F. Weiss | Exec. VP - Public Affairs | Nov. 30, 2014 J | 7,155 | 0 | 0 | $0 |
| Shawn M. Kerns | Exec. VP - Corp. Development | Nov. 30, 2014 J | 8,387 | 0 | 0 | $0 |
| James Ross Jackson | Director | May 2, 2025 A | 9,063 | 0 | 0 | $0 |
| Bobby Saadati | Director | May 2, 2025 A | 9,063 | 0 | 0 | $0 |
| Mark Allen Mcfarland | Director | May 24, 2024 S | 141,939 | 0 | 0 | $0 |
| William B Roby | Director | May 23, 2024 P | 51,014 | 0 | 0 | $0 |
| Avedick Baruyr Poladian | Director | Nov. 30, 2014 J | 14,796 | 0 | 0 | $0 |
| Canada Pension Plan Investment Board | 10% owner | March 12, 2026 S | 7,006,895 | 0 | 1 | $-213,850,000 |
| Occidental Petroleum Corporation | 10% owner | March 24, 2016 J | 0 | 0 | 0 | $0 |
| Jay A. Bys | — | Aug. 10, 2026 S | 147,517 | 0 | 3 | $-2,020,380 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 5 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Canada Pension Plan Investment Board, CPP Investment Board Private Holdings (5), Inc., CPP Investment Board Private Holdings (6), Inc. ×2 filings | March 16, 2026 | 7.90% | Amendment | — | SEC |
| IKAV Energy Inc., IKAV Energy Holdings LLC, IKAV Inc., IKAV Energy Spain, S.L., SIMLOG Inc., Simlog S.a r.l., IKAV SICAV FIS SCA, IKAV General Partner S.a r.l., Institut fur Kapitalanlagen und Vesicherungslosungen GmbH, IKAV Impact S.a r.l., Constantin von Wasserschleben ×2 filings | June 25, 2025 | 4.70% | Amendment | Board campaign | SEC |
| GoldenTree Asset Management LP, GoldenTree Asset Management LLC, Steven A. Tananbaum ×12 filings | Feb. 21, 2023 | — | Initial filing | — | SEC |
| AF V Energy IV AIV 1A, L.P., AF V Energy IV AIV 1B, L.P., AF V Energy IV AIV 2, L.P., AEOF ECR AIV A-B, L.P., AEOF ECR AIV C, L.P., AF Energy Feeder, L.P., ACOF Investment Management LLC, Ares Management LLC, Ares Management Holdings L.P., Ares Holdco LLC, Ares Management Corporation, Ares Voting LLC, Ares Management GP LLC, Ares Partners Holdco LLC ×14 filings | Aug. 15, 2022 | — | Initial filing | — | SEC |
| Seis Holdings LLC, C. Park Shaper, Soroban Capital Partners LP, Soroban Master Fund LP, Soroban Capital GP LLC, Soroban Capital Partners GP LLC, Eric W. Mandelblatt ×2 filings | Jan. 29, 2016 | — | Initial filing | Passive investment | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 90 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| ZIG · ETF Series Solutions | 3.41% | 16,344 NS | April 30, 2026 | N-PORT |
| MVFD · Northern Lights Fund Trust IV | 2.07% | 37,855 NS | May 31, 2026 | N-PORT |
| NBET · Neuberger Berman ETF Trust | 2.02% | 13,285 NS | April 30, 2026 | N-PORT |
| GUSH · Direxion Shares ETF Trust | 1.63% | 71,064 NS | April 30, 2026 | N-PORT |
| SCOW · Pacer Funds Trust | 1.48% | 334 NS | April 30, 2026 | N-PORT |
| CAFG · Pacer Funds Trust | 1.23% | 4,090 NS | April 30, 2026 | N-PORT |
| VRAI · ETFis Series Trust I | 1.10% | 2,950 NS | April 30, 2026 | N-PORT |
| SIXS · EXCHANGE TRADED CONCEPTS TRUST | 1.08% | 23,186 NS | May 31, 2026 | N-PORT |
| VAMO · Cambria ETF Trust | 0.89% | 10,779 NS | April 30, 2026 | N-PORT |
| SMIZ · Zacks Trust | 0.72% | 31,339 NS | May 31, 2026 | N-PORT |
| FNK · First Trust Exchange-Traded AlphaDE… | 0.69% | 22,017 NS | April 30, 2026 | N-PORT |
| CALF · Pacer Funds Trust | 0.68% | 344,936 NS | April 30, 2026 | N-PORT |
| ROSC · Lattice Strategies Trust | 0.68% | 5,460 NS | April 30, 2026 | N-PORT |
| QDF · FlexShares Trust | 0.59% | 183,150 NS | April 30, 2026 | N-PORT |
| AVUV · AMERICAN CENTURY ETF TRUST | 0.59% | 2,679,520 NS | May 31, 2026 | N-PORT |
| CCNR · Financial Investors Trust | 0.47% | 26,873 NS | April 30, 2026 | N-PORT |
| EBIT · Harbor ETF Trust | 0.45% | 760 NS | April 30, 2026 | N-PORT |
| FNX · First Trust Exchange-Traded AlphaDE… | 0.34% | 65,719 NS | April 30, 2026 | N-PORT |
| DFSV · Dimensional ETF Trust | 0.34% | 368,767 NS | April 30, 2026 | N-PORT |
| HWSM · HOTCHKIS & WILEY FUNDS /DE/ | 0.31% | 159 NS | June 30, 2026 | N-PORT |
| JPSE · J.P. Morgan Exchange-Traded Fund Tr… | 0.28% | 24,144 NS | April 30, 2026 | N-PORT |
| DFAT · Dimensional ETF Trust | 0.25% | 502,335 NS | April 30, 2026 | N-PORT |
| FENY · FIDELITY COVINGTON TRUST | 0.22% | 64,371 NS | April 30, 2026 | N-PORT |
| FAB · First Trust Exchange-Traded AlphaDE… | 0.21% | 4,255 NS | April 30, 2026 | N-PORT |
| BKSE · BNY Mellon ETF Trust | 0.21% | 2,445 NS | April 30, 2026 | N-PORT |
| SAA · ProShares Trust | 0.21% | 940 NS | May 31, 2026 | N-PORT |
| FSMD · FIDELITY COVINGTON TRUST | 0.17% | 59,839 NS | April 30, 2026 | N-PORT |
| RSSL · Global X Funds | 0.15% | 31,779 NS | April 30, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.13% | 265,407 NS | April 30, 2026 | N-PORT |
| GSSC · Goldman Sachs ETF Trust | 0.12% | 20,425 NS | May 31, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.11% | 3,450 NS | May 31, 2026 | N-PORT |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.11% | 51,136 NS | May 31, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.10% | 377,919 NS | May 31, 2026 | N-PORT |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.09% | 25,920 NS | April 30, 2026 | N-PORT |
| AVIE · AMERICAN CENTURY ETF TRUST | 0.07% | 129 NS | May 31, 2026 | N-PORT |
| UWM · ProShares Trust | 0.06% | 2,698 NS | May 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.05% | 2,692 NS | April 30, 2026 | N-PORT |
| URTY · ProShares Trust | 0.05% | 2,729 NS | May 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.04% | 12,166 NS | April 30, 2026 | N-PORT |
| AVUS · AMERICAN CENTURY ETF TRUST | 0.03% | 66,410 NS | May 31, 2026 | N-PORT |
| DFUV · Dimensional ETF Trust | 0.03% | 58,592 NS | April 30, 2026 | N-PORT |
| FNDB · SCHWAB STRATEGIC TRUST | 0.03% | 5,828 NS | May 31, 2026 | N-PORT |
| EBI · RBB Fund Trust | 0.03% | 2,859 NS | May 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.02% | 151,252 NS | April 30, 2026 | N-PORT |
| FNDX · SCHWAB STRATEGIC TRUST | 0.02% | 99,847 NS | May 31, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.02% | 2,837 NS | May 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.02% | 8,824 NS | April 30, 2026 | N-PORT |
| HDG · ProShares Trust | 0.02% | 69 NS | May 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.01% | 18,643 NS | April 30, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.01% | 18,190 NS | April 30, 2026 | N-PORT |