Comstock Resources

CRK

Market cap $3.91B

Gas futures break above $3 as heat and LNG exports lift demand; watch CRK, RRC and GPOR if the recovery holds into summer.

Comstock Resources NYSE: CRK reported lower first-quarter 2026 results as production declined from the prior-year period, with management citing significant winter weather impacts and the timing of new wells brought online late in the quarter.

Comstock Resources (CRK) reported capital outspending and a production decline, triggering a 13% stock drop amid market skepticism. CRK is investing in delineating new Western Haynesville acreage. Management expects well delays that are part of the legacy Haynesville acreage to resolve in Q2.

CRK Q1 earnings miss estimates as lower production due to severe weather offset gains from higher natural gas prices and increased gas services revenues.

Comstock reported a $223 million free cash flow deficit in Q1 2026, including the impact of $55 million in midstream capex. While benchmark natural gas prices averaged near $5, Comstock realized $3.46 per Mcfe for its production during the quarter. Comstock had significant realized hedging losses in Q1 2026 and also dealt with temporarily wider regional differentials.

Comstock Resources, Inc. (CRK) Q1 2026 Earnings Call Transcript

Comstock Resources (CRK) came out with quarterly earnings of $0.15 per share, missing the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.18 per share a year ago.

The war with Iran has boosted prices of globally traded natural gas by throttling exports from the Gulf. In ​West Texas, gas is so abundant that some producers must pay to have it taken away.

Comstock (CRK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Natural gas slides after first triple-digit 103 Bcf storage build; investors eye CRK, AR and EXE amid bearish U.S. data, bullish LNG cues.