Earnings summaries and quarterly performance for COMSTOCK RESOURCES.
Executive leadership at COMSTOCK RESOURCES.
Board of directors at COMSTOCK RESOURCES.
Research analysts who have asked questions during COMSTOCK RESOURCES earnings calls.
CE
Carlos Escalante
Wolfe Research
10 questions for CRK
Also covers: CHRD, CNQ, DINO +3 more
CM
Charles Meade
Johnson Rice & Company L.L.C.
10 questions for CRK
Also covers: APA, BRY, COP +17 more
DW
Derrick Whitfield
Texas Capital
8 questions for CRK
Also covers: AMTX, ARIS, BG +24 more
PJ
Phillips Johnston
Capital One Securities, Inc.
8 questions for CRK
Also covers: CHRD, COP, CRC +8 more
Jacob Roberts
TPH & Co.
7 questions for CRK
Also covers: BKV, CNX, EQT +3 more
Kalei Akamine
Bank of America
6 questions for CRK
Also covers: CNX, COP, CRC +10 more
NP
Noel Parks
Tuohy Brothers
6 questions for CRK
Also covers: BE, BEEM, BLNK +21 more
PD
Paul Diamond
Citigroup
5 questions for CRK
Also covers: AR, CHRD, DEC +11 more
JR
Jake Roberts
TPH&Co.
3 questions for CRK
Also covers: CNX, EQT, GPOR +2 more
LM
Leo Mariani
ROTH MKM
3 questions for CRK
Also covers: APA, AR, CIVI +18 more
BD
Bertrand Donnes
Truist Securities
2 questions for CRK
Also covers: APA, AR, BKV +7 more
Kevin MacCurdy
Pickering Energy Partners
2 questions for CRK
Also covers: AR, CHRD, CNX +15 more
GB
Gregg Brody
Bank of America Merrill Lynch
1 question for CRK
Also covers: BORR, CLMT, NGL
GD
Greta Droshky
Goldman Sachs Group, Inc.
1 question for CRK
KA
Kalei Akamai
Bank of America
1 question for CRK
Also covers: FANG, INR
KA
Kaleinoheaokealaula Akamine
Bank of America
1 question for CRK
Also covers: AR, COP, CRC +8 more
KA
Kyle Ackerman
Bank of America
1 question for CRK
Margaret Drefke
Goldman Sachs
1 question for CRK
Also covers: MUR, NFG, TALO +1 more
Recent press releases and 8-K filings for CRK.
Comstock Resources Reports Q4 and Full-Year 2025 Results, Highlights Strategic Divestitures and 2026 Growth Plans
CRK
Earnings
Guidance Update
M&A
- For Q4 2025, Comstock Resources reported adjusted net income of $46 million or $0.16 per share, with natural gas and oil sales of $364 million and adjusted EBITDAX of $277 million. For the full year 2025, adjusted net income was $160 million or $0.54 per diluted share, a turnaround from a net loss in 2024.
- The company completed $445 million of divestitures in Q3 and Q4 2025, recognizing a pre-tax gain of $292 million, which was used to reduce debt and improve its leverage position to 2.6 times.
- In 2025, Comstock replaced 229% of its production with 1 TCFE of drilling-related proved reserve additions, achieving an overall finding cost of $1.02 per MCFE. For 2026, the company plans to drill 19 wells and turn 24 wells to sales in the Western Haynesville, and 47 wells and turn 48 wells to sales in the Legacy Haynesville.
- Comstock is partnering with NextEra on a data center project in the Western Haynesville, with commercialization expected in 2026. The company also achieved a total drill and complete cost of $1,347 per foot in 2025, which was 11% lower than 2024, and aims for further cost reductions in 2026.
Feb 12, 2026, 4:00 PM
Comstock Resources Reports Q4 and Full-Year 2025 Results, Highlights Strategic Divestitures and 2026 Outlook
CRK
Earnings
M&A
New Projects/Investments
- Comstock Resources reported Q4 2025 adjusted net income of $46 million, or $0.16 per diluted share, and $277 million in Adjusted EBITDAX. For the full year 2025, adjusted net income was $160 million, or $0.54 per diluted share, with $1.1 billion in EBITDAX.
- The company completed $445 million in divestitures during the third and fourth quarters of 2025, including the sale of legacy Cotton Valley and Shelby Trough assets, generating a pre-tax gain of $292 million. Proceeds were used to reduce debt, contributing to $1.3 billion in liquidity and an improved last 12 months leverage ratio of 2.6x.
- In 2025, Comstock's drilling program replaced 229% of its production with 1.1 Tcfe of drilling-related proved reserve additions, achieving an overall finding cost of $1.02 per Mcfe. Year-end 2025 proved reserves stood at 7.2 Tcfe.
- For 2026, Comstock plans to operate four rigs in the Western Haynesville (drilling 19 wells, turning 24 to sales) and five rigs in the Legacy Haynesville (drilling 47 wells, turning 48 to sales). The company also expects to commercialize its Western Haynesville data center project with NextEra.
Feb 12, 2026, 4:00 PM
Comstock Resources Reports Strong Q4 2025 Results and Outlines 2026 Growth Strategy
CRK
Earnings
New Projects/Investments
Guidance Update
- Comstock Resources reported strong financial results for Q4 2025, with natural gas and oil sales of $365 million, operating cash flow of $222 million ($0.75 per share), adjusted EBITDAX of $277 million, and adjusted net income of $46 million ($0.16 per share).
- In 2025, the company achieved significant operational milestones, including replacing 229% of its production with 1 TCFE of drilling-related proved reserve additions at a finding cost of $1.02 per MCFE, and completing $445 million in divestitures to reduce debt.
- Comstock ended Q4 2025 with a strong liquidity position of $1.3 billion and an improved last twelve months leverage ratio of 2.6 times.
- For 2026, Comstock plans to increase drilling activity, with four operated rigs in the Western Haynesville and five in the Legacy Haynesville, expecting to turn a total of 72 wells to sales to drive production growth.
- The company is advancing its strategic partnership with NextEra on a data center project in the Western Haynesville, aiming for commercialization in 2026, and is recapitalizing its midstream company, Pinnacle Gas Services.
Feb 12, 2026, 4:00 PM
Comstock Resources, Inc. Reports Strong Q4 and Full-Year 2025 Results, Significant Reserve Growth, and Outlines 2026 Capital Plans
CRK
Earnings
New Projects/Investments
M&A
- Comstock Resources, Inc. reported adjusted net income of $46 million or $0.16 per diluted share for Q4 2025 and $159.9 million or $0.54 per diluted share for the full year 2025. Operating cash flow was $222 million for Q4 2025 and $861.3 million for the full year 2025.
- The company completed the sale of its Shelby Trough assets, generating $417 million in net proceeds , which contributed to a pre-tax gain of $292.3 million in Q4 2025 net income.
- Proved natural gas and oil reserves significantly increased to 7.0 trillion cubic feet equivalent (Tcfe) as of December 31, 2025, from 3.8 Tcfe in 2024, achieving an 823% replacement of 2025 production under SEC pricing.
- For 2026, Comstock plans to increase its operating drilling rigs and budget $1.4 billion to $1.5 billion for development and exploration projects, in addition to $100 million to $150 million for its Western Haynesville midstream system.
Feb 11, 2026, 9:23 PM
Comstock Resources Reports Q3 2025 Financial Results and Strategic Divestitures
CRK
Earnings
M&A
New Projects/Investments
- Comstock Resources reported natural gas and oil sales of $335 million, adjusted EBITDA of $249 million, and adjusted net income of $28 million or $0.09 per diluted share for Q3 2025, generating $190 million in operating cash flow.
- The company entered an agreement to divest its Shelby Trough assets for $430 million in cash, with the sale expected to close in December, aiming to retire long-term debt and enhance liquidity.
- Comstock is shifting resources to the Western Haynesville, disclosing an estimated 2,559 net drilling locations in the area. In Q3 2025, three new Western Haynesville wells were turned to sales, averaging 32 million cubic feet per day in initial production.
- Drilling and completion costs in the legacy Haynesville area averaged $1,229 per lateral foot, and the company continues to focus on improving capital efficiency, especially in the Western Haynesville.
Nov 4, 2025, 4:00 PM
Comstock Resources, Inc. Announces Q3 2025 Financial and Operating Results and Divestiture Plans
CRK
Earnings
M&A
- Comstock Resources, Inc. reported natural gas and oil sales of $335 million (including realized hedging gains) for the third quarter of 2025.
- For Q3 2025, the company achieved operating cash flow of $190 million or $0.65 per diluted share, and adjusted net income of $28 million or $0.09 per diluted share.
- For the nine months ended September 30, 2025, natural gas and oil sales totaled $1.08 billion, with operating cash flow of $639.0 million and adjusted net income of $121.8 million or $0.41 per diluted share.
- The company divested non-strategic Cotton Valley wells for $15 million in net proceeds and entered into an agreement to sell its Shelby Trough assets for $430 million in cash, with the latter expected to close in December 2025.
Nov 3, 2025, 9:22 PM
Quarterly earnings call transcripts for COMSTOCK RESOURCES.
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