Nov 4, 6:24 PM ET
Comstock Resources reported third quarter 2026 results, with production up 9% from a year earlier and natural gas and oil sales including hedging rising to $359.3 million. Net income available to the Company fell to $22.3 million from $111.1 million, and total revenues fell to $384.4 million from $447.4 million. The company also agreed on November 4, 2026 to sell non-operated interests to SOCAR for $1.65 billion in cash, expected to close by year end, and extended its bank credit facility maturity to November 15, 2028.
- Net income available to the Company was $22.3 million, or $0.08 per diluted share, versus $111.1 million, or $0.40 per diluted share, in the third quarter of 2025.
- Production was 122.4 Bcfe, up 9% from the third quarter of 2025; natural gas and oil sales including hedging were $359.3 million versus $335.0 million.
- Gas services revenue fell to $64.5 million from $141.3 million, and total revenues and other operating income fell to $384.4 million from $447.4 million.
- SOCAR purchase price is $1.65 billion, with closing expected by year end; the bank credit facility maturity was extended to November 15, 2028.
Read the filing on SEC.gov ↗
Jul 29, 4:17 PM ET
Comstock Resources reported second quarter 2026 results, with net income available to the company of $8.8 million, or $0.03 per diluted share, down from $124.8 million, or $0.44, a year earlier. Total revenues and other operating income fell to $353.3 million from $470.3 million, although production rose 1% from the prior-year quarter and 16% from the first quarter of 2026.
- Net income available to the company was $8.8 million, or $0.03 per diluted share, versus $124.8 million, or $0.44, in Q2 2025
- Total revenues and other operating income were $353.3 million, versus $470.3 million in Q2 2025
- Production was 113.1 Bcfe, up 16% from Q1 2026 and up 1% from Q2 2025
- The company sold a 27% noncontrolling interest in Pinnacle Gas Services for $600 million and used the proceeds to redeem Pinnacle's preferred equity and debt
Read the filing on SEC.gov ↗
May 5, 4:27 PM ET
Comstock Resources reported first-quarter 2026 results on May 5, 2026. Reported net income was $112.5 million, compared with a net loss of $115.4 million a year earlier, and included an $82.8 million unrealized hedging gain. Adjusted net income fell to $44.5 million from $53.8 million, and natural gas and oil sales including hedging losses fell to $339 million from $405 million, while the free cash deficit after acquisitions and divestitures was $223 million.
- Net income $112.5 million, or $0.38 per diluted share, vs. a net loss of $115.4 million in Q1 2025; includes an $82.8 million pre-tax unrealized hedging gain
- Adjusted net income $44.5 million, or $0.15 per diluted share, vs. $53.8 million, or $0.18, a year earlier
- Natural gas and oil sales including hedging were $339 million, vs. $405 million; realized hedging losses were $80.4 million
- Operating cash flow $192 million, or $0.66 per share; free cash deficit after acquisitions and divestitures $223 million; conference call at 10:00 a.m. CT on May 6, 2026
Read the filing on SEC.gov ↗
Feb 11, 4:23 PM ET
Comstock reported fourth quarter 2025 net income of $286.8 million, or $0.97 per diluted share, compared with a net loss of $55.3 million a year earlier. The result was helped by a $292.3 million pre-tax gain on the Shelby Trough sale, while adjusted net income was $46.1 million, or $0.16 per diluted share, flat with the prior-year quarter. The company also plans to raise its 2026 operating rig count from eight to nine.
- Q4 2025 total revenues were $789.8 million, up from $366.5 million a year earlier.
- Natural gas and oil sales including hedging were $364.0 million, up from $336.1 million.
- Adjusted net income was $46.1 million, or $0.16 per diluted share, versus $46.3 million, or $0.16, in Q4 2024.
- The company plans to spend $1.4 billion to $1.5 billion on development and exploration in 2026, and $100 million to $150 million on its Western Haynesville midstream system.
Read the filing on SEC.gov ↗
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