Comstock Resources

CRK

Market cap $7.87B

Williams, Antero and Comstock stand to benefit as EIA forecasts rising gas prices and cleaner-fuel demand outshines softer oil markets.

Energy sector fundamentals are strengthening as both demand and supply are increasingly supported by governments and major organizations, reversing years of pessimism. Oil and natural gas demand is projected to grow through 2050, with the IEA and Goldman Sachs revising their outlooks upward, especially as renewables adoption slows. Midstream companies like WMB, KMI, TRP, ET, DT, and MPLX are poised to benefit from infrastructure expansion, alleviating supply bottlenecks and supporting future growth.

While the top- and bottom-line numbers for Comstock (CRK) give a sense of how the business performed in the quarter ended September 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

CRK's Q3 earnings and revenues gain on stronger natural gas price realizations.

Comstock's Q3 2025 production ended up around 3% below the guidance midpoint. Production is down around 20% since Q4 2023 despite around $1 billion per year in D&C capex. Comstock announced $445 million in divestitures that boost its liquidity without giving up much current production.

Comstock Resources, Inc. ( CRK ) Q3 2025 Earnings Call November 4, 2025 11:00 AM EST Company Participants Miles Allison - Chairman of the Board & CEO Roland Burns - President, CFO, Secretary & Director Daniel Harrison - Chief Operating Officer Ronald Mills - Vice President of Finance & Investor Relations Conference Call Participants Derrick Whitfield - Texas Capital Securities, Research Division Charles Meade - Johnson Rice & Company, L.L.C., Research Division Kaleinoheaokealaula Akamine - BofA Securities, Research Division Carlos Andres E.

Comstock Resources stock rallied after earnings. CRK reported income in a typically weak quarter. Discovery of Western Haynesville acreage and tightening natural gas supply suggest potential for further upside.

Comstock Resources (CRK) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to a loss of $0.17 per share a year ago.

FRISCO, TX, Nov. 03, 2025 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE; NYSE Texas: CRK) today reported financial and operating results for the quarter ended September 30, 2025.

Comstock, Williams and Marathon Petroleum are positioned to deliver upbeat Q3 earnings amid a favorable energy price backdrop.