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Comstock Resources

CRK

Comstock Resources is a leading independent energy company focused on the acquisition, exploration, and development of natural gas and oil properties.

Market cap
$3.82B-37.3%
Revenue$2.3B+60.3%
Net income$624.3M+287%
Free cash flow-$473.5M-12.6%
EPS (diluted)$2.20+298%
Trailing twelve months · change vs. prior year

Earnings

Q2 2026 report

July 29, 2026

Next report

Date not yet announced

Financials

Q1 2026

Income statement

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Revenue$587.4M+14.5%
Operating income$174.9M+38.6%
Net income$107.5M+189%
EPS (diluted)$0.38+195%

Balance sheet

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Cash & equivalents$14.8M-55.0%
Total debt$3.0B-3.7%
Total equity$2.8B+30.0%
Total assets$7.2B+9.7%

Cash flow

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Operating cash flow$272.0M+55.6%
CapEx$415.8M+39.5%
Free cash flow-$143.8M-16.7%

Valuation & ratios

Valuation

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Market cap$3.82B-37.3%
Enterprise value$6.83B-25.2%
P/E6.1×
P/S1.7×-2.0×

Profitability

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Operating margin30.3%+28.4pp
Net margin27.2%+18.6pp
FCF margin-20.6%-4.7pp

Returns & leverage

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Return on equity25.6%+18.8pp
Debt / equity1.1×-0.4×
Current ratio0.4×0.0×

Segments

By product

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Natural Gas And Oil Sales$419.0M+1.5%
Natural Gas Production$418.3M+1.5%
Gas Services$166.5M+66.7%
Gain On Sale Of Assets$1.8M
Oil And Condensate$758.0K+8.0%

Competitors

Profile

Comstock Resources is a leading independent energy company focused on the acquisition, exploration, and development of natural gas and oil properties. The company primarily operates in the Haynesville and Bossier shale plays of North Louisiana and East Texas, leveraging its geographic proximity to premium Gulf Coast markets and LNG export facilities. Its core value proposition lies in its extensive inventory of high-return drilling locations and its technical expertise in horizontal drilling and advanced well completion techniques.

Competitive position

A dominant independent producer in the Haynesville Shale with a significant low-cost drilling inventory and strategic midstream infrastructure.

GeographiesUnited States, Louisiana, Texas
Customer segmentsIndustrial, Utilities, Energy Traders
Business modelCommodity Production, Infrastructure-as-a-Service
SuppliersOilfield Service Providers, Drilling Rig Operators, Proppant and Chemical Suppliers, Land and Mineral Rights Owners
CustomersLNG Export Terminals, Hyperscale Data Centers, Petrochemical Manufacturers, Electric Utilities
Listed1987
Employees251.0
CEOJay Allison
SectorEnergy
FilingsSEC EDGAR

Questions, answered.

What is Comstock Resources's market cap?
Comstock Resources (CRK) has a market capitalization of $3.8B and trades on NYSE.
What is Comstock Resources's revenue and profitability?
Comstock Resources generated $2.3B in trailing twelve-month revenue with net income of $624.3M, representing a net margin of 27.2%, with free cash flow of -$473.5M. These figures are based on the Q1 2026 filing.
Who are Comstock Resources's competitors?
Comstock Resources's key competitors include EOG Resources, Diversified Energy Company, MATADOR RESOURCES COMPANY, and others. These companies compete in similar markets and product categories.
Who does Comstock Resources partner with?
Comstock Resources's notable partners include NextEra Energy Resources, LLC.
What subsidiaries does Comstock Resources have?
Comstock Resources's subsidiaries include Pinnacle Gas Services LLC.
Where is Comstock Resources headquartered?
Comstock Resources is headquartered in United States of America and employs approximately 251 people. It has been publicly traded since 1987.