CRK on NYSE
COMSTOCK RESOURCES INC
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Last updated Oct 16, 2026.
Overview
Compare with Consol Energy, NORTHERN OIL & GAS, INC. or Murphy Oil, or pick any stock.
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
29.1%Operating margin3
17.8%Net margin3
77.0%Revenue growth, 20253
14.9%Return on equity3
1.06×Debt to equity3
-$449.7MFree cash flow3
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Natural Gas, Production brought in 64% of the revenue COMSTOCK RESOURCES INC broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Natural Gas, Production | $1.3B | $1.0B | $1.4B |
| Gas Services | $300.5M | $206.1M | $500.2M |
| Gain on Sale of Assets | $125.0K | $875.0K | $291.9M |
| Oil and Condensate | $5.2M | $3.6M | $2.3M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs78¢$1.7B
- Income tax4¢$88.5M
- Profit18¢$395.6M
Out of $2.2B in revenue.3
Where each dollar of operating cash went, fiscal 2025
- Capital spending100¢$1.3B
Out of $899.6M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.3
Financial statements
Every line of the income statement in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Total revenues and other operating income | $2.2B | $1.3B | $1.6B |
| Production and ad valorem taxes | $40.5M | $57.4M | $91.8M |
| Gathering and transportation | $166.1M | $194.9M | $184.9M |
| Lease operating | $122.7M | $130.5M | $132.2M |
| Depreciation, depletion and amortization | $641.2M | $795.4M | $607.9M |
| Gas services | $516.2M | $205.4M | $282.1M |
| General and administrative, net | $48.7M | $39.4M | $38.0M |
| Impairment of natural gas and oil properties | $29.1M | $0 | $0 |
| Exploration | $10.1M | $0 | $1.8M |
| Total operating expenses | $1.6B | $1.4B | $1.3B |
| Operating income (loss) | $645.9M | -$168.6M | $226.6M |
| Gain from derivative financial instruments | $82.5M | $10.2M | $187.6M |
| Other income | $3.1M | $1.2M | $1.8M |
| Interest expense | -$222.8M | -$210.6M | -$169.0M |
| Total other income (expenses) | -$137.1M | -$199.2M | $20.4M |
| Income (loss) before income taxes | $508.7M | -$367.8M | $247.0M |
| (Provision for) benefit from income taxes | -$88.5M | $149.1M | -$35.1M |
| Net income (loss) | $420.2M | -$218.8M | $211.9M |
| Net income attributable to noncontrolling interest | -$24.6M | -$10.9M | -$777.0K |
| Net income (loss) available to Comstock | $395.6M | -$229.7M | $211.1M |
| Basic (in dollars per share) | $1.43 | -$0.76 | $0.76 |
| Diluted (in dollars per share) | $1.43 | -$0.76 | $0.76 |
| Basic (in shares) | 290.8M shares | 287.0M shares | 276.8M shares |
| Diluted (in shares) | 294.1M shares | 287.0M shares | 276.8M shares |
| Dividends per share | $0.00 | $0.00 | $0.50 |
Every line of the balance sheet in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $23.9M | $6.8M | |
| Natural gas and oil sales and gas services | $203.5M | $145.4M | |
| Joint interest operations | $35.4M | $24.0M | |
| From affiliates | $3.6M | $5.5M | |
| Derivative financial instruments | $19.2M | $4.9M | |
| Other current assets | $75.3M | $97.5M | |
| Total current assets | $360.9M | $284.0M | |
| Proved | $9.0B | $8.1B | |
| Unproved | $391.1M | $424.6M | |
| Other | $386.7M | $150.0M | |
| Accumulated depreciation, depletion and amortization | -$3.5B | -$2.9B | |
| Net property and equipment | $6.2B | $5.7B | |
| Goodwill | $335.9M | $335.9M | |
| Operating lease right-of-use assets | $94.7M | $73.8M | |
| Total assets | $7.0B | $6.4B | |
| Accounts payable | $501.7M | $421.8M | |
| Accrued expenses | $153.2M | $146.2M | |
| Operating leases | $46.9M | $35.9M | |
| Derivative financial instruments | $27.6M | $8.9M | |
| Total current liabilities | $729.5M | $612.9M | |
| Long-term debt | $2.8B | $3.0B | |
| Deferred income taxes | $437.1M | $345.1M | |
| Derivative financial instruments | $0 | $66.8M | |
| Long-term operating leases | $47.7M | $37.7M | |
| Reserve for future abandonment costs | $20.8M | $34.0M | $30.8M |
| Total liabilities | $4.0B | $4.0B | |
| Common stock - $0.50 par, 400,000,000 shares authorized, 293,054,806 and 292,260,645 shares issued and outstanding at December 31, 2025 and 2024, respectively | $146.5M | $146.1M | |
| Additional paid-in capital | $1.4B | $1.4B | |
| Accumulated earnings | $1.1B | $728.6M | |
| Total stockholders' equity attributable to Comstock | $2.6B | $2.2B | |
| Noncontrolling interest | $316.1M | $92.5M | |
| Total stockholders' equity | $3.0B | $2.3B | $2.4B |
| Total liabilities and stockholders' equity | $7.0B | $6.4B | |
| Common stock, par value (in dollars per share) | $0.50 | $0.50 | |
| Common stock, shares authorized (in shares) | 400.0M shares | 400.0M shares | |
| Common stock, shares issued (in shares) | 293.1M shares | 292.3M shares | |
| Common stock, shares outstanding (in shares) | 293.1M shares | 292.3M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income (loss) | $420.2M | -$218.8M | $211.9M |
| Deferred income taxes | $92.0M | -$124.9M | $44.3M |
| Impairment of natural gas and oil properties | $29.1M | $0 | $0 |
| Gain on sale of assets | -$291.9M | -$875.0K | -$125.0K |
| Depreciation, depletion and amortization | $641.2M | $795.4M | $607.9M |
| Gain on derivative financial instruments | -$82.5M | -$10.2M | -$187.6M |
| Cash settlements of derivative financial instruments | $20.1M | $207.8M | $80.3M |
| Amortization of debt discount, premium and issuance costs | $12.0M | $11.5M | $8.0M |
| Stock-based compensation | $21.2M | $15.3M | $9.9M |
| (Increase) decrease in accounts receivable | -$60.5M | $56.6M | $278.7M |
| (Increase) decrease in other current assets | $17.5M | -$22.9M | $745.0K |
| Increase (decrease) in accounts payable and accrued expenses | $81.3M | -$88.5M | -$37.1M |
| Net cash provided by operating activities | $899.6M | $620.3M | $1.0B |
| Capital expenditures | -$1.3B | -$1.1B | -$1.4B |
| Prepaid drilling costs | $5.0M | $12.0M | -$34.0M |
| Proceeds from sales of assets | $428.9M | $1.2M | $41.3M |
| Net cash used for investing activities | -$915.4M | -$1.1B | -$1.4B |
| Borrowings on bank credit facility | $750.0M | $645.0M | $820.0M |
| Repayments on bank credit facility | -$905.0M | -$710.0M | -$340.0M |
| Issuance of Senior Notes | $0 | $372.0M | $0 |
| Issuance of common stock | $0 | $100.5M | $0 |
| Debt and stock issuance costs | -$36.0K | -$6.9M | -$144.0K |
| Income tax withholdings on equity awards | -$11.0M | -$3.4M | -$1.9M |
| Common stock dividends paid | $0 | $0 | -$139.0M |
| Contributions from noncontrolling interest | $215.5M | $60.5M | $24.0M |
| Distributions to noncontrolling interest | -$16.5M | -$3.7M | $0 |
| Net cash provided by financing activities | $32.9M | $454.1M | $363.0M |
| Net increase (decrease) in cash and cash equivalents | $17.1M | -$9.9M | -$38.0M |
Recent filings
- Sep 1, 20268-K
- Jul 30, 202610-Q
- Jul 29, 20268-K
- Jun 16, 20268-K
- Jun 8, 20264 PRIMARY DOCUMENT
- Jun 8, 20264 PRIMARY DOCUMENT
- Jun 8, 20264 PRIMARY DOCUMENT
- Jun 8, 20264 PRIMARY DOCUMENT
- Jun 8, 20264 PRIMARY DOCUMENT
- Jun 8, 20264 PRIMARY DOCUMENT
- Jun 8, 20264 PRIMARY DOCUMENT
- Jun 8, 20264 PRIMARY DOCUMENT
- Jun 8, 20264 PRIMARY DOCUMENT
- Jun 3, 20268-K
- Jun 3, 20264 PRIMARY DOCUMENT
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
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