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AI brief of an SEC Form 8-K · Comstock Resources (CRK)

Comstock Resources Q1 net income $112.5 million vs. prior-year loss; adjusted profit falls

Mixed Impact 3 of 5 earnings Written later

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.

Key points

  • 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

The filing

CompanyComstock Resources (CRK)
Form8-K, current report
Filed with the SECMay 5, 2026, 4:27 PM ET
Accession number0001193125-26-206524

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 05, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.