COMSTOCK RESOURCES INC

Listed Company

CRKCIK 0000023194NYSELarge AcceleratedCrude Petroleum & Natural GasNevadaFY ends Dec 31

Period

FY 2025

Revenue

$2.22B

Net Income

$395.61M

Total Assets

$7.01B

Equity

$2.65B

Shares Out

293.70M

Op. Cash Flow

$899.61M

CRK$13.34−42.65% · past yearDBEQ Basic

Daily closing prices

Business

Comstock Resources Inc is an independent natural gas producer operating primarily in the Haynesville and Bossier shale plays in North Louisiana and East Texas. The company develops and produces natural gas and oil, with proved reserves of 7.0 Tcfe as of December 31, 2025, predominantly in these premier basins. Operations span Louisiana and Texas, with geographic proximity to growing Gulf Coast natural gas demand from LNG exports, data centers, and petrochemical facilities. The company also owns Pinnacle Gas Services LLC, a midstream gathering and treating system.

Summary from 10-K filed 2026-02-19

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenues and other operating income	2,220	1,254	1,565	3,628	1,851
Production and ad valorem taxes	40	57	92	78	49
Gathering and transportation	166	195	185	156	131
Lease operating	123	131	132	111	103
Depreciation, depletion and amortization	641	795	608	489	469
Gas services	516	205	282	465	0
General and administrative, net	49	39	38	39	35
Impairment of natural gas and oil properties	29	0	0	—	—
Exploration	10	0	2	8	0
Total operating expenses	1,574	1,423	1,339	1,347	950
Operating income (loss)	646	−169	227	2,281	901
Gain from derivative financial instruments	83	10	188	−663	−561
Other income	3	1	2	916,000	636,000
Interest expense	−223	−211	−169	−171	—
Total other income (expenses)	−137	−199	20	−880	−1,131
Income (loss) before income taxes	509	−368	247	1,402	−230
(Provision for) benefit from income taxes	−89	149	−35	−261	−11
Net income (loss)	420	−219	212	1,141	−242
Net income attributable to noncontrolling interest	−25	−11	−777,000	0	0
Net income (loss) available to Comstock	396	−230	211	1,125	−259
Basic (in dollars per share)	1.43	−0.76	0.76	4.75	−1.12
Diluted (in dollars per share)	1.43	−0.76	0.76	4.11	−1.12
Basic (in shares)	291	287	277	236	232
Diluted (in shares)	294	287	277	277	232
Dividends per share	0	0	0.5	0.13	0

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	24	7	17	55	31
Natural gas and oil sales and gas services	204	145	167	415	217
Joint interest operations	35	24	49	77	30
From affiliates	4	5	16	19	—
Derivative financial instruments	19	5	127	24	5
Other current assets	75	98	87	56	15
Total current assets	361	284	461	645	319
Proved	8,985	8,054	7,127	5,843	4,756
Unproved	391	425	343	298	302
Other	387	150	62	26	7
Accumulated depreciation, depletion and amortization	−3,547	−2,941	−2,148	−1,545	−1,058
Net property and equipment	6,215	5,688	5,385	4,623	4,007
Goodwill	336	336	336	336	336
Operating lease right-of-use assets	95	74	72	91	7
Total assets	7,007	6,382	6,254	5,694	4,668
Accounts payable	502	422	523	530	315
Accrued expenses	153	146	134	183	135
Operating leases	47	36	24	38	2
Derivative financial instruments	28	9	0	4	182
Total current liabilities	730	613	681	756	634
Long-term debt	2,809	2,952	2,640	2,153	2,615
Deferred income taxes	437	345	470	426	197
Derivative financial instruments	0	67	0	0	4
Long-term operating leases	48	38	48	52	4
Reserve for future abandonment costs	21	34	31	29	26
Total liabilities	4,044	4,049	3,870	3,416	3,480
Commitments and contingencies	—	—	—	—	—
Common stock - $0.50 par, 400,000,000 shares authorized, 293,054,806 and 292,260,645 shares issued and outstanding at December 31, 2025 and 2024, respectively	147	146	139	139	116
Additional paid-in capital	1,376	1,366	1,261	1,253	1,100
Accumulated earnings	1,124	729	958	886	−204
Total stockholders' equity attributable to Comstock	2,647	2,241	2,358	2,278	1,013
Noncontrolling interest	316	93	25	0	—
Total stockholders' equity	2,963	2,334	2,383	2,278	1,013
Total liabilities and stockholders' equity	7,007	6,382	6,254	5,694	4,668

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Deferred income taxes	92	−125	44	228	−4
Gain on sale of assets	−292	−875,000	−125,000	−340,000	162
Gain on derivative financial instruments	−83	−10	−188	663	561
Cash settlements of derivative financial instruments	20	208	80	−863	−420
Amortization of debt discount, premium and issuance costs	12	11	8	10	22
Stock-based compensation	21	15	10	7	7
(Increase) decrease in accounts receivable	−60	57	279	−242	−122
(Increase) decrease in other current assets	18	−23	745,000	−10	−98,000
Increase (decrease) in accounts payable and accrued expenses	81	−89	−37	229	75
Net cash provided by operating activities	900	620	1,017	1,698	861
Capital expenditures	−1,349	−1,097	−1,425	−1,068	−691
Prepaid drilling costs	5	12	−34	−34	−140,000
Proceeds from sales of assets	429	1	41	4	138
Net cash used for investing activities	−915	−1,084	−1,418	−1,098	−553
Borrowings on bank credit facility	750	645	820	755	555
Repayments on bank credit facility	−905	−710	−340	−990	−820
Issuance of Senior Notes	0	372	0	0	2,223
Issuance of common stock	0	100	0	0	0
Debt and stock issuance costs	−36,000	−7	−144,000	−11	−36
Income tax withholdings on equity awards	−11	−3	−2	−6	−1
Common stock dividends paid	0	0	−139	−35	0
Contributions from noncontrolling interest	216	61	24	0	0
Distributions to noncontrolling interest	−17	−4	0	0	—
Net cash provided by financing activities	33	454	363	−577	−308
Net increase (decrease) in cash and cash equivalents	17	−10	−38	24	391,000

Filings

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Frequently asked questions

What is COMSTOCK RESOURCES INC's CIK number?

COMSTOCK RESOURCES INC's SEC CIK number is 0000023194 (23194). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find COMSTOCK RESOURCES INC's SEC filings?

All of COMSTOCK RESOURCES INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did COMSTOCK RESOURCES INC last report earnings?

COMSTOCK RESOURCES INC (CRK) most recently filed an earnings 8-K with the SEC on May 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-206524). This is COMSTOCK RESOURCES INC's most recent earnings filing of record — not a forecast of its next earnings date.

What is COMSTOCK RESOURCES INC's most recent earnings 8-K?

COMSTOCK RESOURCES INC's latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0001193125-26-206524. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View COMSTOCK RESOURCES INC's latest earnings 8-K →
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