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Comstock Resources CRK Exploration Expense Including Unproved Impairments And Exploratory Dry Hole Costs

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Other financials

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

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Market cap$3.85B+4.0%
Enterprise value$6.86B+1.6%
P/E6.2×
P/S1.7×-0.9×

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×

Where this comes from

Reported directly by Comstock Resources in its filing.

Tagged under the XBRL concept crk:ExplorationExpenseIncludingUnprovedImpairmentsAndExploratoryDryHoleCosts.

The official record: Comstock Resources’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Comstock Resources's exploration expense including unproved impairments and exploratory dry hole costs?
Comstock Resources (CRK) reported exploration expense including unproved impairments and exploratory dry hole costs of $9.34M in Q1 2026.
How has Comstock Resources's exploration expense including unproved impairments and exploratory dry hole costs changed year-over-year?
Comstock Resources's exploration expense including unproved impairments and exploratory dry hole costs increased by 334.6% year-over-year, from $2.15M to $9.34M.
What does exploration expense including unproved impairments and exploratory dry hole costs mean?
Includes costs associated with geological and geophysical studies, as well as the write-offs of unsuccessful exploratory drilling efforts. This metric reflects the company's appetite for risk and the success rate of its efforts to replace or grow its reserve base. High levels of these expenses without corresponding reserve additions can indicate inefficient capital deployment in exploration.