Comstock Resources Inc (CRK) financial statements: income statement, balance sheet and cash flow

Comstock Resources Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Comstock Resources Inc reported revenue of $2.2B (+77.0% year on year) and net income of $420.2M (+292.1% year on year).

Income statement

Comstock Resources Inc income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Total revenues and other operating income	$2.2B	$1.3B	$1.6B	$3.6B
Production and ad valorem taxes	$40.5M	$57.4M	$91.8M	$77.9M
Gathering and transportation	$166.1M	$194.9M	$184.9M	$155.7M
Lease operating	$122.7M	$130.5M	$132.2M	$111.1M
Depreciation, depletion and amortization	$641.2M	$795.4M	$607.9M	$489.4M
Gas services	$516.2M	$205.4M	$282.1M	$465.0M
General and administrative, net	$48.7M	$39.4M	$38.0M	$39.4M
Impairment of natural gas and oil properties	$29.1M	—	—	—
Exploration	$10.1M	$0	$1.8M	$8.3M
Total operating expenses	$1.6B	$1.4B	$1.3B	$1.3B
Operating income (loss)	$645.9M	($168.6M)	$226.6M	$2.3B
Gain from derivative financial instruments	$82.5M	$10.2M	$187.6M	($662.5M)
Other income	$3.1M	$1.2M	$1.8M	$916.0K
Interest expense	($222.8M)	($210.6M)	($169.0M)	($171.1M)
Total other income (expenses)	($137.1M)	($199.2M)	$20.4M	($879.5M)
Income (loss) before income taxes	$508.7M	($367.8M)	$247.0M	$1.4B
(Provision for) benefit from income taxes	($88.5M)	$149.1M	($35.1M)	($261.1M)
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	$1.1B
Basic (in dollars per share)	$1.43	-$0.76	$0.76	$4.75
Diluted (in dollars per share)	$1.43	-$0.76	$0.76	$4.11
Basic (in shares)	290.8M	287.0M	276.8M	236.0M
Diluted (in shares)	294.1M	287.0M	276.8M	277.5M
Dividends per share	$0.00	$0.00	$0.50	$0.13

Comstock Resources Inc income statement, quarters

Line item	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3	Jun 30, 2025 · Q2
Total revenues and other operating income	$353.3M	$587.4M	$449.9M	$470.3M
Production and ad valorem taxes	$7.2M	$10.4M	$11.2M	$10.6M
Gathering and transportation	$43.3M	$41.8M	$40.0M	$41.8M
Lease operating	$28.1M	$28.3M	$28.8M	$31.1M
Exploration	$4.4M	$9.3M	$6.6M	$0
Depreciation, depletion and amortization	$167.4M	$141.5M	$157.4M	$158.4M
Gas services	$63.0M	$162.9M	$141.7M	$126.7M
General and administrative	$17.2M	$18.2M	$11.5M	$12.3M
Total operating expenses	$330.7M	$412.5M	$399.6M	$380.8M
Operating income	$22.6M	$174.9M	$50.2M	$89.4M
Gain (loss) from derivative financial instruments	$44.4M	$2.4M	$142.8M	$235.8M
Other income	$259.0K	$263.0K	$409.0K	$2.1M
Interest expense	($55.0M)	($53.1M)	($56.7M)	($55.2M)
Total other income (expenses)	($10.4M)	($50.4M)	$86.5M	$182.8M
Income before income taxes	$12.2M	$124.5M	$136.7M	$272.2M
(Provision for) benefit from income taxes	$2.8M	($12.0M)	($18.6M)	($141.5M)
Net income	$15.0M	$112.5M	$118.1M	$130.7M
Net income attributable to noncontrolling interest	($6.2M)	($5.0M)	($7.0M)	($5.9M)
Net income available to the Company	$8.8M	$107.5M	$111.1M	$124.8M
Basic (in dollars per share)	$0.03	$0.38	$0.40	$0.45
Diluted (in dollars per share)	$0.03	$0.38	$0.40	$0.44
Basic (in shares)	291.6M	291.3M	291.1M	290.6M
Diluted (in shares)	291.6M	291.3M	294.0M	294.2M

Balance sheet

Comstock Resources Inc balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash and cash equivalents	$23.9M	$6.8M	$16.7M	$54.7M
Natural gas and oil sales and gas services	$203.5M	$145.4M	$166.6M	$415.1M
Joint interest operations	$35.4M	$24.0M	$48.7M	$76.5M
From affiliates	$3.6M	$5.5M	$16.1M	$18.5M
Derivative financial instruments	$19.2M	$4.9M	$126.8M	$23.9M
Other current assets	$75.3M	$97.5M	$86.6M	$56.3M
Total current assets	$360.9M	$284.0M	$461.5M	$645.0M
Proved	$9.0B	$8.1B	$7.1B	$5.8B
Unproved	$391.1M	$424.6M	$343.4M	$298.2M
Other	$386.7M	$150.0M	$62.4M	$26.5M
Accumulated depreciation, depletion and amortization	($3.5B)	($2.9B)	($2.1B)	($1.5B)
Net property and equipment	$6.2B	$5.7B	$5.4B	$4.6B
Goodwill	$335.9M	$335.9M	$335.9M	$335.9M
Operating lease right-of-use assets	$94.7M	$73.8M	$71.5M	$90.7M
Total assets	$7.0B	$6.4B	$6.3B	$5.7B
Accounts payable	$501.7M	$421.8M	$523.3M	$530.2M
Accrued expenses	$153.2M	$146.2M	$134.5M	$183.1M
Operating leases	$46.9M	$35.9M	$23.8M	$38.4M
Derivative financial instruments	$27.6M	$8.9M	$0	$4.4M
Total current liabilities	$729.5M	$612.9M	$681.5M	$756.1M
Long-term debt	$2.8B	$3.0B	$2.6B	$2.2B
Deferred income taxes	$437.1M	$345.1M	$470.0M	$425.7M
Derivative financial instruments	$0	$66.8M	—	$0
Long-term operating leases	$47.7M	$37.7M	$47.7M	$52.4M
Reserve for future abandonment costs	$20.8M	$34.0M	$30.8M	$29.1M
Total liabilities	$4.0B	$4.0B	$3.9B	$3.4B
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	139.2M	138.8M
Additional paid-in capital	$1.4B	$1.4B	$1.3B	$1.3B
Accumulated earnings	$1.1B	$728.6M	$958.3M	$886.1M
Total stockholders' equity attributable to Comstock	$2.6B	$2.2B	$2.4B	$2.3B
Noncontrolling interest	$316.1M	$92.5M	$24.8M	—
Total stockholders' equity	$3.0B	$2.3B	$2.4B	—
Total liabilities and stockholders' equity	$7.0B	$6.4B	$6.3B	$5.7B

Comstock Resources Inc balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025
Cash and cash equivalents	$45.0M	$14.8M	$19.2M	$25.9M
Natural gas and oil sales and gas services	$133.2M	$126.4M	$128.9M	$140.5M
Joint interest operations	$44.2M	$40.4M	$42.0M	$29.7M
From affiliates	$3.2M	$2.3M	$2.0M	$3.3M
Derivative financial instruments	$53.2M	$50.2M	$8.1M	$136.0K
Other current assets	$59.8M	$56.0M	$68.6M	$69.5M
Total current assets	$338.6M	$290.1M	$268.9M	$269.0M
Proved	$9.7B	$9.3B	$8.8B	$8.6B
Unproved	$414.6M	$404.6M	$436.4M	$429.5M
Other	$477.4M	$441.4M	$313.0M	$252.2M
Accumulated depreciation, depletion and amortization	($3.9B)	($3.7B)	($3.4B)	($3.3B)
Net property and equipment	$6.8B	$6.5B	$6.2B	$6.0B
Goodwill	$335.9M	$335.9M	$335.9M	$335.9M
Derivative financial instruments	$22.2M	$39.1M	$166.0K	$139.0K
Operating lease right-of-use assets	$71.7M	$83.1M	$77.2M	$87.8M
Total assets	$7.5B	$7.2B	$6.8B	$6.7B
Accounts payable	$503.1M	$553.0M	$455.3M	$460.1M
Accrued costs	$171.2M	$100.8M	$123.9M	$151.8M
Operating leases	$37.6M	$43.3M	$48.3M	$48.4M
Derivative financial instruments	$0	$14.9M	$22.3M	$87.9M
Total current liabilities	$711.9M	$711.9M	$649.8M	$748.1M
Long-term debt	$3.1B	$2.9B	$3.1B	$3.0B
Deferred income taxes	$495.4M	$449.1M	$365.6M	$345.4M
Long-term operating leases	$33.6M	$39.5M	$28.8M	$39.4M
Reserve for future abandonment costs	$21.4M	$21.1M	$21.7M	$35.0M
Total liabilities	$4.4B	$4.2B	$4.2B	$4.3B
Common stock-$0.50 par, 400,000,000 shares authorized, 293,620,548 and 293,054,806 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively	146.8M	146.8M	146.5M	146.5M
Additional paid-in capital	$1.2B	$1.4B	$1.4B	$1.4B
Accumulated earnings	$1.2B	$1.2B	$843.3M	$732.2M
Total stockholders' equity attributable to the Company	$2.6B	$2.8B	$2.4B	$2.2B
Noncontrolling interest	$584.4M	$312.9M	$257.5M	$191.3M
Total stockholders' equity	$3.2B	$3.1B	$2.6B	$2.4B
Total liabilities and stockholders' equity	$7.5B	$7.2B	$6.8B	$6.7B

Cash flow statement

Comstock Resources Inc cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net income (loss)	$420.2M	($218.8M)	$211.9M	$1.1B
Deferred income taxes	$92.0M	($124.9M)	$44.3M	$228.3M
Impairment of natural gas and oil properties	$29.1M	—	—	—
Gain on sale of assets	($291.9M)	($875.0K)	($125.0K)	($340.0K)
Depreciation, depletion and amortization	$641.2M	$795.4M	$607.9M	$489.4M
Gain on derivative financial instruments	($82.5M)	($10.2M)	($187.6M)	$662.5M
Cash settlements of derivative financial instruments	$20.1M	$207.8M	$80.3M	($862.7M)
Amortization of debt discount, premium and issuance costs	$12.0M	$11.5M	$8.0M	$10.3M
Stock-based compensation	$21.2M	$15.3M	$9.9M	$6.6M
(Increase) decrease in accounts receivable	($60.5M)	$56.6M	$278.7M	($242.4M)
(Increase) decrease in other current assets	$17.5M	($22.9M)	$745.0K	($10.3M)
Increase (decrease) in accounts payable and accrued expenses	$81.3M	($88.5M)	($37.1M)	$229.3M
Net cash provided by operating activities	$899.6M	$620.3M	$1.0B	$1.7B
Capital expenditures	($1.3B)	($1.1B)	($1.4B)	($1.1B)
Prepaid drilling costs	$5.0M	$12.0M	($34.0M)	($34.1M)
Proceeds from sales of assets	$428.9M	$1.2M	$41.3M	$4.2M
Net cash used for investing activities	($915.4M)	($1.1B)	($1.4B)	($1.1B)
Borrowings on bank credit facility	$750.0M	$645.0M	$820.0M	$755.0M
Repayments on bank credit facility	($905.0M)	($710.0M)	($340.0M)	($990.0M)
Issuance of Senior Notes	$0	$372.0M	$0	$0
Issuance of common stock	$0	$100.5M	—	$0
Debt and stock issuance costs	($36.0K)	($6.9M)	($144.0K)	($10.8M)
Income tax withholdings on equity awards	($11.0M)	($3.4M)	($1.9M)	($6.3M)
Common stock dividends paid	$0	$0	($139.0M)	($34.7M)
Contributions from noncontrolling interest	$215.5M	$60.5M	$24.0M	—
Distributions to noncontrolling interest	($16.5M)	($3.7M)	—	—
Net cash provided by financing activities	$32.9M	$454.1M	$363.0M	($576.7M)
Net increase (decrease) in cash and cash equivalents	$17.1M	($9.9M)	($38.0M)	$24.0M
Cash and cash equivalents, beginning of the year	$6.8M	$16.7M	$54.7M	$30.7M
Cash and cash equivalents, end of the year	$23.9M	$6.8M	$16.7M	$54.7M

Comstock Resources Inc cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD	Jun 30, 2025 · YTD
Net income	$127.5M	$112.5M	$133.4M	$15.3M
Deferred income taxes	$9.2M	$12.0M	$20.5M	$310.0K
Gain on sale of assets	($3.4M)	($1.8M)	$2.5M	—
Depreciation, depletion and amortization	$309.0M	$141.5M	$483.7M	$326.3M
(Gain) loss on derivative financial instruments	($46.8M)	($2.4M)	($48.3M)	$94.5M
Cash settlements of derivative financial instruments	($37.1M)	($80.4M)	$22.7M	($3.7M)
Amortization of debt discount and issuance costs	$6.2M	$3.0M	$8.9M	$5.9M
Stock-based compensation	$15.8M	$7.4M	$15.6M	$10.0M
Decrease in accounts receivable	$62.0M	$73.5M	$1.9M	$1.3M
(Increase) decrease in other current assets	($2.9M)	$9.2M	$24.2M	$25.9M
Increase in accounts payable and accrued expenses	$2.8M	($2.6M)	$10.4M	$46.5M
Net cash provided by operating activities	$442.2M	$272.0M	$675.4M	$522.3M
Capital expenditures and acquisitions	($847.7M)	($415.8M)	($983.8M)	($642.3M)
Prepaid drilling costs	$18.2M	$10.9M	$5.4M	$3.1M
Proceeds from sales of assets	$18.4M	$1.8M	$15.2M	—
Net cash used for investing activities	($811.1M)	($403.1M)	($963.2M)	($639.3M)
Borrowings on bank credit facilities	$712.0M	$387.0M	$540.0M	$335.0M
Repayments of bank credit facilities	($427.0M)	($250.0M)	($375.0M)	($275.0M)
Debt issuance costs	($1.5M)	—	—	—
Income tax withholdings on equity awards	($5.5M)	($4.2M)	($11.0M)	($10.9M)
Redemption of noncontrolling interest	($445.0M)	—	—	—
Contributions from noncontrolling interest	$600.1M	$0	$156.5M	$92.5M
Distributions to noncontrolling interest	($24.6M)	($8.2M)	($10.2M)	($5.5M)
Noncontrolling interest transaction costs	($18.5M)	—	—	—
Net cash provided by financing activities	$390.1M	$122.0M	$300.2M	$136.0M
Net increase in cash and cash equivalents	$21.1M	($9.1M)	$12.4M	$19.1M
Cash and cash equivalents, beginning of period	$23.9M	$23.9M	$6.8M	$6.8M
Cash and cash equivalents, end of period	$45.0M	$14.8M	$19.2M	$25.9M

Comstock Resources Inc score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.