COMSTOCK RESOURCES INC CRK

Energy SIC 1311 - Crude Petroleum & Natural Gas NAICS Mining, Quarrying, and Oil and Gas Extraction › Oil and Gas Extraction derived NYSE

We are a leading independent natural gas producer operating primarily in the Haynesville shale, a premier natural gas basin located in North Louisiana and East Texas with superior economics given its geographical proximity to the Gulf Coast natural gas markets. As of December 31, 2025, substantially all of our proved natural gas and oil reserves were in the Haynesville and Bossier shale plays. We are focused on creating value through the development of our substantial inventory of highly economic drilling opportunities in the Haynesville and Bossier shales and through our exploration activities in our Western Haynesville play. Our common stock is listed and traded on the New York Stock Exchange and New York Stock Exchange Texas under the symbol "CRK".

Last close 14.33 2026-10-26
Market cap $4.21B 2026-06-30 share count
52-week range 12.12 - 28.10

Valuation FY2025 figures against the last close

P/S1.9x
P/E10.0x
P/FCF—
EV/EBITDA5.4x
Dividend yield0.0%
Diluted EPS1.43

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $2.22B$1.25B$1.57B$3.63B$1.85B$858.2M$768.7M—$255.3M—
SG&A $48.7M$39.4M$38.0M$39.4M$34.9M$32.0M$29.2M—$26.1M$24.0M
Total operating expenses $1.57B$1.42B$1.34B$1.35B$950.0M$695.2M$493.8M—$255.5M$359.5M
Operating income $645.9M-$168.6M$226.6M$2.28B$900.8M$163.0M$274.9M—-$183.0K-$183.8M
Interest expense $222.8M$210.6M$169.0M$171.1M$218.5M$234.8M$161.5M—$146.4M$128.7M
Pre-tax income $508.7M-$367.8M$247.0M$1.40B-$230.3M-$61.6M$124.7M—-$129.3M-$128.0M
Income tax $88.5M$149.1M$35.1M$261.1M$11.4M$9.2M$27.8M—$17.9M$7.2M
Net income $420.2M-$218.8M$211.9M$1.12B-$259.2M-$52.4M$96.9M—-$111.4M-$135.1M
EPS, basic 1.43-0.760.764.75-1.12-0.390.52———
EPS, diluted 1.43-0.760.764.11-1.12-0.390.52—-7.61-11.52
Shares, diluted (wtd. avg.) 294.1M287.0M276.8M277.5M231.6M215.2M187.4M—14.6M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $23.9M$6.8M$16.7M$54.7M$30.7M$30.3M$18.5M$23.2M$61.3M$65.9M
Receivables $203.5M$145.4M$166.6M$415.1M$217.1M$125.0M$120.1M$87.6M$26.7M$19.3M
Total current assets $360.9M$284.0M$461.5M$645.0M$318.7M$199.8M$289.7M$159.4M$302.5M$90.2M
Property, plant and equipment $6.22B$5.69B$5.38B$4.62B$4.01B$4.08B$4.01B$1.67B$607.9M$798.7M
Goodwill $335.9M$335.9M$335.9M$335.9M$335.9M$335.9M$335.9M$335.9M——
Total assets $7.01B$6.38B$6.25B$5.69B$4.67B$4.62B$4.66B$2.19B$930.4M$889.9M
Accounts payable $501.7M$421.8M$523.3M$530.2M$314.6M$259.3M$253.0M$138.8M$126.0M$45.3M
Total current liabilities $729.5M$612.9M$681.5M$756.1M$634.0M$441.6M$392.4M$206.9M$168.5M$91.7M
Long-term debt $2.81B$2.95B$2.64B$2.15B$2.62B$2.52B$2.50B$1.24B$1.11B$1.04B
Total liabilities $4.04B$4.05B$3.87B$3.42B$3.48B$3.18B$3.13B$1.62B$1.30B$1.16B
Retained earnings $1.12B$728.6M$958.3M$886.1M-$204.0M$55.2M$138.6M$64.1M-$927.2M-$815.8M
Total equity $2.65B$2.24B$2.38B$2.28B$1.01B$1.27B$1.14B$569.6M-$369.3M-$271.3M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $899.6M$620.3M$1.02B$1.70B$860.9M$575.7M$451.2M—$174.6M-$23.7M
Depreciation and amortisation $641.2M$795.4M$607.9M$489.4M$469.4M$417.1M$276.5M—$123.6M$141.5M
Stock-based compensation $21.2M$15.3M$9.9M$6.6M$6.8M$6.5M$4.0M—$5.9M$4.7M
Capital expenditure $1.35B$1.10B$1.43B$1.07B$691.0M$509.7M$486.8M—$180.5M$57.4M
Investing cash flow -$915.4M-$1.08B-$1.42B-$1.10B-$552.8M-$511.2M-$1.17B—-$179.0M-$29.6M
Financing cash flow $32.9M$454.1M$363.0M-$576.7M-$307.8M-$52.8M$714.9M—-$310.0K-$14.8M
Dividends paid $0$0$139.0M$34.7M$0$0————
Buybacks —————————$0

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-170561.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -1B 0 1B 2B 3B 4B Net income, FY2016: -135.1M Revenue, FY2017: 255.3M Net income, FY2017: -111.4M Revenue, FY2019: 768.7M Net income, FY2019: 96.9M Revenue, FY2020: 858.2M Net income, FY2020: -52.4M Revenue, FY2021: 1.9B Net income, FY2021: -259.2M Revenue, FY2022: 3.6B Net income, FY2022: 1.1B Revenue, FY2023: 1.6B Net income, FY2023: 211.9M Revenue, FY2024: 1.3B Net income, FY2024: -218.8M Revenue, FY2025: 2.2B Net income, FY2025: 420.2M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $255.3M — $768.7M $858.2M $1.85B $3.63B $1.57B $1.25B $2.22B
Gross profit — — — — — — — — — —
Net income -$135.1M -$111.4M — $96.9M -$52.4M -$259.2M $1.12B $211.9M -$218.8M $420.2M

Recent filings and events

  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote Item 5.07
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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