California Resources Corp (CRC) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 06, 2026

Risk Assessment Details

Potential Dilution: 81.64% of current shares
Recent Dilution: 39.89% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
89M
Potential Supply
72M
Additional shares possible
Splits
None
Past 2 years

Summary

CRC currently has 88.7M outstanding shares. with significant dilution risk as 72.4M authorized shares could dilute existing holders by 81.6%. The company has significantly diluted shareholders by 39.89% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 06, 2026

10-Q filing | 88.7M shares outstanding

89M 72M
Nov 05, 2025

10-Q filing | 83.7M shares outstanding

84M 72M
Aug 06, 2025

10-Q filing | 89.0M shares outstanding

89M 72M
Jun 23, 2025

8-K filing: California Resources Corporation repurchased 4,950,000 shares of common stock from IKAV at $46.00 per share for a total of $227,700,000. ($227.7M proceeds)

91M 72M
May 07, 2025

10-Q filing | 90.6M shares outstanding

91M 72M
Mar 03, 2025

10-K filing | 90.8M shares outstanding

91M 72M
Nov 06, 2024

10-Q filing | 91.2M shares outstanding

91M 72M
Aug 07, 2024

10-Q filing | 68.1M shares outstanding

68M 72M
May 08, 2024

10-Q filing | 69.0M shares outstanding

69M 72M
Feb 28, 2024

10-K filing | 69.6M shares outstanding

70M 72M
Feb 09, 2024

8-K filing: California Resources Corporation entered into a Merger Agreement to acquire IKAV Impact USA Inc., CPPIB Vedder US Holdings LLC, Opps Xb Aera E CTB, LLC, Opps XI Aera E CTB, LLC, and Green Gate COI, LLC, issuing 21,170,357 shares of common stock as part of the consideration.

69M 72M
Nov 02, 2023

10-Q filing | 68.7M shares outstanding

69M 72M
Aug 01, 2023

10-Q filing | 69.7M shares outstanding

70M 72M
May 02, 2023

10-Q filing | 71.3M shares outstanding

71M 72M
Feb 24, 2023

10-K filing | 75.5M shares outstanding

76M 72M
Nov 07, 2022

10-Q filing | 74.1M shares outstanding

74M 72M
Aug 04, 2022

10-Q filing | 76.7M shares outstanding

77M 72M
May 05, 2022

10-Q filing | 78.5M shares outstanding

79M 72M
Feb 25, 2022

10-K filing | 82.0M shares outstanding

82M 72M
Nov 12, 2021

10-Q filing | 81.6M shares outstanding

82M 72M
Aug 06, 2021

10-Q filing | 83.1M shares outstanding

83M 72M
May 13, 2021

10-Q filing | 83.3M shares outstanding

83M 72M
Mar 11, 2021

10-K filing | 83.3M shares outstanding

83M 72M
Dec 04, 2020

S-1 filing: This S-1 filing describes an offering of 72,414,790 shares of common stock by selling security holders of California Resources Corporation.

83M 72M
Nov 05, 2020

10-Q filing | 83.3M shares outstanding

83M 0
Nov 02, 2020

8-K filing: California Resources Corporation issued 65,174,345 shares of New Common Stock to holders of 2017 Term Loan Secured Claims and Unsecured Debt Claims, 820,528 shares as payment of an exit fee, and 17,324,848 shares in connection with the Conversion of Elk Hills Power equity interests, while also reserving 4,384,241 shares for issuance upon exercise of New Warrants.

50M 0
Oct 28, 2020

POS AM filing: California Resources Corporation is filing post-effective amendments to deregister any and all securities registered but unsold or otherwise unissued under the Registration Statements as of the filing date due to the cancellation of all equity securities of the Registrant pursuant to its plan of reorganization after emerging from bankruptcy proceedings.

50M 0
Oct 28, 2020

POS AM filing: California Resources Corporation is filing post-effective amendments to deregister any and all securities registered but unsold or otherwise unissued under the Registration Statements as of the date hereof due to the cancellation of all equity securities of the Registrant pursuant to its plan of reorganization.

50M 0
Oct 28, 2020

POS AM filing: California Resources Corporation is filing post-effective amendments to deregister any and all securities registered but unsold or otherwise unissued as of the date hereof under the Registration Statements due to the cancellation of all equity securities of the Registrant pursuant to its plan of reorganization.

50M 0
Aug 06, 2020

10-Q filing | 49.5M shares outstanding

50M 0
Jun 25, 2020

10-Q filing | 49.3M shares outstanding

49M 0
Mar 27, 2020

POS AM filing: This is a POS AM filing for California Resources Corporation registering 6,000,000 shares of common stock for sale from time to time.

49M 0
Mar 27, 2020

POS AM filing: This prospectus relates to the offer and sale from time to time by the selling stockholder of up to an aggregate of 1,250,000 shares of common stock of California Resources Corporation, issuable upon exercise of an outstanding warrant.

49M 0
Feb 26, 2020

10-K filing | 49.0M shares outstanding

49M 0
Feb 26, 2020

POS AM filing: This is a POS AM filing for California Resources Corporation regarding the potential offering of up to 6,000,000 shares of common stock under a shelf registration.

49M 0
Feb 26, 2020

POS AM filing: This prospectus relates to the offer and sale of up to 1,250,000 shares of common stock of California Resources Corporation, issuable upon exercise of an outstanding warrant.

49M 0
Feb 21, 2020

8-K filing: California Resources Corporation (CRC) entered into subscription agreements to issue warrants to purchase up to 3,447,184 shares of common stock at an exercise price of $9.25 per share, subject to adjustments for stock dividends, distributions, splits, and reclassifications.

N/A 0
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