For Q1 FY2026 (ended March 31, 2026), Comstock Resources reported revenue of $587.4 million, up 14.5% year-over-year. Net income surged 188.6% to $107.5 million, while operating income rose 38.6% to $174.9 million. Diluted EPS increased 195% to $0.38. The company had $14.8 million in cash, $2.76 billion in equity, and $2.95 billion in long-term debt.
•Revenue increased 14.5% YoY to $587.4 million.
•Net income rose 188.6% to $107.5 million.
•Diluted EPS grew 195% to $0.38.
•Long-term debt stood at $2.95 billion against equity of $2.76 billion.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Comstock Resources, Inc., an independent energy company provides the acquisition, exploration, development, and production of natural gas and oil properties in the United States.
Its assets covering an area of approximately 1,069,991 acres are located in the Haynesville and Bossier shales located in North Louisiana and East Texas. Incorporated in 1919, the company is headquartered in Frisco, Texas.
Comstock Resources, Inc. is an independent energy company focused on the acquisition, exploration, development, and production of natural gas and oil properties in the United States. The company's primary operations are centered in the Haynesville and Bossier shales located in North Louisiana and East Texas. As of its latest data, Comstock holds assets covering approximately 1,069,991 acres in these prolific natural gas basins. The company was incorporated in 1919 and is headquartered in Frisco, Texas. By targeting these specific shale formations, Comstock aims to efficiently extract natural gas and oil, contributing to the domestic energy supply.
Where is Comstock Resources (CRK) listed and what currency does it trade in?
Comstock Resources, Inc. is listed on the New York Stock Exchange (NYSE) under the ticker symbol CRK. The company trades in United States Dollars (USD), which is the official currency of the United States. As a publicly traded company on a major U.S. exchange, CRK shares are accessible to domestic and international investors through brokerage accounts that support NYSE trading. The use of USD aligns with the company's U.S.-based operations and headquarters in Frisco, Texas.
What sector and industry does Comstock Resources (CRK) operate in?
Comstock Resources operates within the Energy sector, specifically in the Oil & Gas Exploration and Production (E&P) industry. This means the company is primarily engaged in finding, extracting, and producing crude oil and natural gas from underground reservoirs. As an E&P company, Comstock focuses on the upstream segment of the energy value chain, which involves drilling wells and managing production from its asset base. The company's activities are concentrated in the Haynesville and Bossier shale formations, which are known for natural gas production. This sector and industry classification highlights Comstock's role in supplying energy resources to the market.
Where is Comstock Resources headquartered and what is its geographic focus?
Comstock Resources is headquartered in Frisco, Texas, United States. The company's operations are geographically focused on the Haynesville and Bossier shales, which span North Louisiana and East Texas. These regions are among the most significant natural gas-producing areas in the U.S. Comstock's asset base covers approximately 1,069,991 acres in these shale plays. By concentrating its activities in this core area, the company leverages geological knowledge and infrastructure to efficiently develop its natural gas and oil properties. The headquarters in Frisco places the company in a major business hub near its operational base.
How does Comstock Resources (CRK) make money?
Comstock Resources generates revenue through the acquisition, exploration, development, and production of natural gas and oil properties. The company sells the natural gas and oil it extracts from its acreage in the Haynesville and Bossier shales. As an independent energy company, Comstock's income is directly tied to the volume of hydrocarbons produced and the prevailing market prices for natural gas and oil. The company's asset base of approximately 1,069,991 acres provides a substantial resource base for ongoing drilling and production activities. By focusing on these shale formations, Comstock aims to achieve cost-effective production and generate cash flow from its operations.