CRK on NYSE

COMSTOCK RESOURCES INC

American crude petroleum and natural gas company based in Frisco2

In its 2026 annual report the company says: “We are a leading independent natural gas producer operating primarily in the Haynesville shale, a premier natural gas basin located in North Louisiana and East Texas with superior economics given its geographical proximity to the Gulf Coast natural gas markets. We are focused on creating value through the development of our substantial inventory of highly economic drilling opportunities in the Haynesville and Bossier shales and through our exploration activities in our Western Haynesville play.”5 Its shares trade on NYSE under the symbol CRK.2

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Last updated Oct 21, 2026.

Overview

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  • TickerCRK on NYSE2
  • IndustryCrude Petroleum & Natural Gas2
  • HeadquartersFrisco, United States2
  • Incorporated inNV3
  • Business address5300 Town And Country Blvd, Ste 500, Frisco, Tx 750343
  • Filer categoryLarge accelerated filer3
  • Legal formProfit Corporation2
  • LEII03QQGEA4SS774AURI462
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O NATIONAL REGISTERED AGENTS, INC., 89701 Carson City, United States2
  • Registered withBusiness Center (Secretary of State), NV198310148712

We are a leading independent natural gas producer operating primarily in the Haynesville shale, a premier natural gas basin located in North Louisiana and East Texas with superior economics given its geographical proximity to the Gulf Coast natural gas markets. As of December 31, 2025, substantially all of our proved natural gas and oil reserves were in the Haynesville and Bossier shale plays. We are focused on creating value through the development of our substantial inventory of highly economic drilling opportunities in the Haynesville and Bossier shales and through our exploration activities in our Western Haynesville play. Our common stock is listed and traded on the New York Stock Exchange and New York Stock Exchange Texas under the symbol "CRK".5 From its latest annual report

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 margin6
17.8%Net margin6
77.0%Revenue growth, 20256
14.9%Return on equity6
1.06×Debt to equity6
-$449.7MFree cash flow6

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.

  1. Natural Gas, Production$1.4B664%up 37% from 2024
  2. Gas Services$500.2M623%up 143% from 2024
  3. Gain on Sale of Assets$291.9M613%up 33264% from 2024
  4. Oil and Condensate$2.3M60%down 36% from 2024
Products and services by year
Products and services202320242025
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.6

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.6

Financial statements

Revenue789106$2.2B in 2025+189% since 2019
0$1.0B$2.0B$3.0B$4.0B2019: $768.7M$768.7M20192020: $858.2M$858.2M2020+12%2021: $1.9B$1.9B2021+116%2022: $3.6B$3.6B2022+96%2023: $1.6B$1.6B2023−57%2024: $1.3B$1.3B2024−20%2025: $2.2B$2.2B2025+77%
Operating income789106$645.9M in 2025+135% since 2019
-$1.0B0$1.0B$2.0B$3.0B2019: $274.9M$274.9M20192020: $163.0M$163.0M2020−41%2021: $900.8M$900.8M2021+453%2022: $2.3B$2.3B2022+153%2023: $226.6M$226.6M2023−90%2024: -$168.6M-$168.6M20242025: $645.9M$645.9M2025
Net income789106$395.6M in 2025+308% since 2019
-$500.0M0$500.0M$1.0B$1.5B2019: $96.9M$96.9M20192020: -$52.4M-$52.4M20202021: -$259.2M-$259.2M2021+395%2022: $1.1B$1.1B20222023: $211.1M$211.1M2023−81%2024: -$229.7M-$229.7M20242025: $395.6M$395.6M2025

Every line of the income statement as filed: the last 3 fiscal years, latest first.6

Period ending2025-12-312024-12-312023-12-31
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 shares287.0M shares276.8M shares
Diluted (in shares)294.1M shares287.0M shares276.8M shares
Dividends per share$0.00$0.00$0.50

Compare COMSTOCK RESOURCES INC with another company

Corporate structure

COMSTOCK RESOURCES INC sits at the top of its group. 6 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of COMSTOCK RESOURCES INC

  • Sunil Jagwani Filed SCHEDULE 13G on COMSTOCK RESOURCES INC, latest Dec 3, 2025
  • BlackRock Filed SCHEDULE 13G/A on COMSTOCK RESOURCES INC, latest Apr 22, 2025 (4 filings since Jan 31, 2024)
  • Jerral W. Jones Filed SC 13D/A on COMSTOCK RESOURCES INC, latest Aug 22, 2024 (4 filings since Mar 25, 2024)
  • COMSTOCK RESOURCES INC Frisco, Texas, United States
    • Comstock Gas Services LLC Subsidiary · Texas, United States
    • Comstock Oil & Gas – Louisiana, LLC Subsidiary · Nevada, United States
    • Comstock Oil & Gas, LLC Subsidiary · Nevada, United States
    • Pinnacle Gas Services LLC Subsidiary · Delaware, United States
    • Pinnacle Gas Treating LLC Subsidiary · Texas, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What COMSTOCK RESOURCES INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Accumulated depreciation$3.5B6 Dec 31, 2025$2.9B6 Dec 31, 2024+20.6%
Property and equipment, net$6.2B6 Dec 31, 2025$5.7B6 Dec 31, 2024+9.3%
Operating-lease assets (leased space)$94.7M6 Dec 31, 2025$73.8M6 Dec 31, 2024+28.4%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$23.9M6 Dec 31, 2025$6.8M6 Dec 31, 2024+252.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$335.9M6 Dec 31, 2025$335.9M6 Dec 31, 20240%

Properties, in its own words

The information set forth under Item 1 of this Annual Report is incorporated herein by reference.

Item 2 of the 10-K filed Feb 19, 2026.5

Leadership

Who has led COMSTOCK RESOURCES INC, and when. Pick a name to see everywhere that person has worked.

Chief financial officer

  1. Roland O. Burns2006–now

Chief operating officer

  1. Mack D. Good2008–2017
2010201520202025
Board members and other officers (29)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Comstock Gas Services LLC Texas4
  • Comstock Oil & Gas – Louisiana, LLC Nevada4
  • Comstock Oil & Gas, LLC Nevada4
  • Pinnacle Gas Services LLC Delaware4
  • Pinnacle Gas Treating LLC Texas4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Sep 1, 20268-K Regulation FD disclosure46
  2. Jul 29, 20268-K Results of operations47
  3. Jun 16, 20268-K Other events48
  4. Jun 3, 20268-K Shareholder vote49
  5. May 5, 20268-K Results of operations50
  6. Feb 11, 20268-K Results of operations51
  7. Nov 3, 20258-K Results of operations52
  8. Jul 30, 20258-K Results of operations53
  9. Jun 3, 20258-K Executive or director change; Shareholder vote54
  10. Apr 30, 20258-K Results of operations55
  11. Feb 18, 20258-K Results of operations56
  12. Oct 30, 20248-K Results of operations57
  13. Mar 3, 2006New chief executive M. Jay Allison becomes CEO14
  14. Nov 23, 1983Founded COMSTOCK RESOURCES INC is founded2

Calendar

Coming up

  1. Nov 4, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $0.09 a share, on Nov 3, 2025.58

When it reported results

  1. Jul 29, 2026Reported quarterly or annual results47
  2. May 5, 2026Reported quarterly or annual results50
  3. Feb 11, 2026Reported quarterly or annual results51
  4. Nov 3, 2025Reported quarterly or annual results52
  5. Jul 30, 2025Reported quarterly or annual results53
  6. Apr 30, 2025Reported quarterly or annual results55
  7. Feb 18, 2025Reported quarterly or annual results56
  8. Oct 30, 2024Reported quarterly or annual results57

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

312 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 41 major events, 221 insider forms, 9 large holders, 21 other. The latest 20:

  1. Sep 1, 20268-K EDGAR
  2. Jul 30, 202610-Q EDGAR
  3. Jul 29, 20268-K EDGAR
  4. Jun 16, 20268-K EDGAR
  5. Jun 8, 20264 PRIMARY DOCUMENT EDGAR
  6. Jun 8, 20264 PRIMARY DOCUMENT EDGAR
  7. Jun 8, 20264 PRIMARY DOCUMENT EDGAR
  8. Jun 8, 20264 PRIMARY DOCUMENT EDGAR
  9. Jun 8, 20264 PRIMARY DOCUMENT EDGAR
  10. Jun 8, 20264 PRIMARY DOCUMENT EDGAR
  11. Jun 8, 20264 PRIMARY DOCUMENT EDGAR
  12. Jun 8, 20264 PRIMARY DOCUMENT EDGAR
  13. Jun 8, 20264 PRIMARY DOCUMENT EDGAR
  14. Jun 3, 20264 PRIMARY DOCUMENT EDGAR
  15. Jun 3, 20264 PRIMARY DOCUMENT EDGAR
  16. Jun 3, 20268-K EDGAR
  17. Jun 3, 20264 PRIMARY DOCUMENT EDGAR
  18. May 6, 202610-Q EDGAR
  19. May 5, 20268-K EDGAR
  20. Apr 24, 2026DEFA14A EDGAR

The 312 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

38 open-market trades by officers, directors and large owners since October 2021: 31 buys and 7 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 5, 2026McGough PatrickVice President of OperationsSale48,915$21.21$1.0MForm 4
Dec 30, 2024Davis Elizabeth BDirectorSale8,000$18.17$145.4KForm 4
Dec 27, 2024Davis Elizabeth BDirectorSale10,000$16.98$169.8KForm 4
Dec 24, 2024Davis Elizabeth BDirectorSale6,149$16.97$104.3KForm 4
Dec 23, 2024Davis Elizabeth BDirectorSale10,000$16.33$163.3KForm 4
Dec 20, 2024Davis Elizabeth BDirectorSale10,000$16.01$160.1KForm 4
Dec 19, 2024Davis Elizabeth BDirectorSale10,000$15.62$156.2KForm 4
Aug 27, 2024Arkoma Drilling, L.P.10% ownerBuy80,092$11.25$901.0KForm 4
Aug 26, 2024Arkoma Drilling, L.P.10% ownerBuy592,246$11.54$6.8MForm 4
Aug 23, 2024Arkoma Drilling, L.P.10% ownerBuy1,044,200$11.16$11.7MForm 4
Aug 22, 2024Jones Jerral W.10% ownerBuy1,044,200$10.96$11.4MForm 4
Aug 21, 2024Jones Jerral W.10% ownerBuy1,044,200$11.10$11.6MForm 4
Aug 20, 2024Jones Jerral W.10% ownerBuy1,044,200$10.93$11.4MForm 4
Aug 16, 2024Arkoma Drilling, L.P.10% ownerBuy573,453$10.64$6.1MForm 4
Aug 15, 2024Blue Star Exploration Corp10% ownerBuy981,898$10.56$10.4MForm 4
Aug 14, 2024Blue Star Exploration Corp10% ownerBuy981,898$10.58$10.4MForm 4
Aug 13, 2024Blue Star Exploration Corp10% ownerBuy981,898$10.14$10.0MForm 4
Aug 12, 2024Blue Star Exploration Corp10% ownerBuy981,898$10.13$9.9MForm 4
Aug 9, 2024Blue Star Exploration Corp10% ownerBuy825,868$9.76$8.1MForm 4
Aug 8, 2024Blue Star Exploration Corp10% ownerBuy825,868$9.42$7.8MForm 4

All 38 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

  • Sunil JagwaniSCHEDULE 13G, 1 filing Dec 3, 202559
  • BlackRockSCHEDULE 13G/A, 4 filings Jan 31, 2024 to Apr 22, 202560
  • Jerral W. JonesSC 13D/A, 4 filings Mar 25, 2024 to Aug 22, 202461

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025M. Jay Allison$1.0M$21.9M62
2025Roland O. Burns$656.0K$8.0M62
2025Daniel S. Harrison$577.5K$4.6M62
2025Clifford D. "Trey" Newell$472.5K$2.9M62
2025Patrick H. McGough$378.0K$1.8M62
2024Chief Executive$990.0K$12.5M62
2024President and Chief$625.0K$6.4M62
2024Chief Operating$550.0K$3.7M62
2024Chief Commercial$450.0K$2.3M62
2024Vice President of$360.0K$1.6M62
2023Officer$880.0K$9.9M62
2023Financial Officer$600.0K$5.8M62
2023Operations$340.0K$839.0K62

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.11,835,338$176.6M0.0%+168,461
Dimensional Fund Advisors LP11,676,185$174.2M0.0%+415,397
State Street Corp5,336,565$79.6M0.0%+141,295
Vanguard Portfolio Management LLC4,777,434$71.3M0.0%+55,006
Vanguard Capital Management LLC3,364,199$50.2M0.0%+26,439
Morgan Stanley2,637,411$39.4M0.0%+1,069,310
American Century Companies Inc2,483,054$37.0M0.0%+110,351
Geode Capital Management, LLC1,920,176$28.7M0.0%+75,979
Goldman Sachs Group Inc1,522,625$22.7M0.0%+324,568
UBS Group AG1,471,612$22.0M0.0%+203,097
Charles Schwab Investment Management Inc1,163,099$17.4M0.0%+71,252
Sourcerock Group LLC1,156,868$17.3M0.9%New
First Trust Advisors LP974,564$14.5M0.0%−105,069
Goehring & Rozencwajg Associates, LLC907,267$13.5M0.8%+45,409
Bnp Paribas Financial Markets906,616$13.5M0.0%+368,815
Susquehanna International Group, Llp882,882$13.2M0.0%+570,387
Northern Trust Corp836,801$12.5M0.0%+78,403
Royce & Associates LP600,705$9.0M0.1%+167,030
Balyasny Asset Management L.P.557,763$8.3M0.0%+506,065
Bank of New York Mellon Corp557,034$8.3M0.0%−1,486
ACR Alpine Capital Research, LLC546,413$8.2M0.1%New
Vanguard Fiduciary Trust Co520,714$7.8M0.0%−9,325
Marshall Wace, Llp520,147$7.8M0.0%+23,389
Wells Fargo & Company/mn502,961$7.5M0.0%+110,397
Bank Of America Corp /de/501,817$7.5M0.0%−224,323

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How COMSTOCK RESOURCES INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCOMSTOCK RESOURCES INC1
  • CIK0000023194
  • Employer ID (EIN)94-16674685
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
  • Incorporated inNevada5
  • Fiscal year endsDecember 311
  • Industry code (SIC)1311 Crude Petroleum & Natural Gas1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address5300 Town And Country Blvd, Ste 500, Frisco, TX 750341
  • Phone97266888001
  • Shares outstanding293,620,548 as of Jul 29, 202612
  • Public float$2.2B as of Jun 30, 20255
  • AuditorERNST & YOUNG LLP, Dallas, Texas PCAOB ID 42; it also attests to the company’s internal control over financial reporting5
  • On EDGAR sinceApr 12, 19951
  • Filings1,812 in all: 4 (804), 8-K (316), SC 13G/A (112), 10-Q (95), SC 13G (62), SC 13D/A (41), DEF 14A (32), 3 (31)1
    All 58 form types

    CORRESP (30), 10-K (29), UPLOAD (29), 424B3 (25), S-3 (19), 4/A (15), 5 (15), 8-K/A (11), EFFECT (10), 424B2 (9), DEFA14A (9), S-8 (9), 424B5 (8), FWP (7), PRE 14A (7), S-3/A (7), SC 13D (7), SC TO-I/A (6), 305B2 (5), 8-A12B (5), 10-K/A (4), ARS (4), S-4 (4), S-8 POS (4), 10-C (3), 10-Q/A (3), S-4/A (3), 10-K405 (2), 144 (2), 3/A (2), 425 (2), S-3ASR (2), SC TO-C (2), SC TO-I (2), SC TO-T/A (2), SCHEDULE 13G (2), 305B2/A (1), 424A (1), 424B1 (1), 8-A12G (1), CERT (1), CERTNYS (1), DEFM14C (1), NT 10-K (1), NT 10-Q (1), PREM14A (1), PREM14C (1), S-3MEF (1), SC TO-T (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (10-K) Feb 19, 2026
    Quarterly report (10-Q) Jul 30, 2026
    Proxy statement (DEF 14A) Apr 22, 2026
    Latest 8-K (8-K) Sep 1, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.50 (per share)CRKNew York Stock Exchange
CRKNew York Stock Exchange

From the cover page of the 10-K filed Feb 19, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks COMSTOCK RESOURCES INC names in Item 1A of its 10-K filed Feb 19, 2026: 17 risks under these headings, as written.5

  • An extended period of depressed natural gas prices would adversely affect our business, financial condition, cash flow, liquidity, results of operations and our ability to meet our capital expenditure obligations and financial commitments.
  • Our future production and revenues depend on our ability to replace our reserves.
  • Prospects that we decide to drill may not yield natural gas in commercially viable quantities or quantities sufficient to meet our targeted rate of return and firm transportation commitments.
  • Market conditions or operational impediments may hinder our access to natural gas markets or delay our production.
  • Some of our undeveloped leasehold acreage is subject to leases that will expire unless production is established on units containing the acreage. Failure to administer lease acquisitions, lease contracting, lease maintenance and timely lease payments could lead to loss of leased land.
  • The unavailability or high cost of drilling rigs, completion equipment, supplies, qualified personnel and oilfield services could adversely affect our ability to execute our exploration and development plans on a timely basis and within our budget.
  • Substantial exploration and development activities could require significant outside capital, which could dilute the value of our common shares and restrict our activities. Also, we may not be able to obtain needed capital or financing on satisfactory terms, which could lead to a limitation of our future business opportunities and a decline in our natural gas and oil reserves.
  • We pursue acquisitions as part of our growth strategy and there are risks associated with such acquisitions.
  • Our operations may incur substantial liabilities due to compliance with environmental laws and regulations.
  • Our business involves many uncertainties and operating risks that can prevent us from realizing profits and can cause substantial losses.
  • Loss of our information and computer systems could adversely affect our business.
  • Our business could be negatively impacted by security threats, including cybersecurity threats and other disruptions.
The other 5 risks
  • We are subject to extensive governmental laws and regulations that may adversely affect the cost, manner or feasibility of doing business.
  • Our debt service requirements could adversely affect our operations and limit our growth.
  • Our hedging transactions could result in financial losses or could reduce our income. To the extent we have hedged a significant portion of our expected production and our actual production is lower than we expected or the costs of goods and services increase, our profitability would be adversely affected.
  • We may be subject to physical and financial risks associated with climate-related effects.
  • Scrutiny and uncertain expectations from stakeholders with respect to our environmental, social and governance practices may impose additional costs on us or expose us to new or additional risks.

Legal proceedings

We are not a party to any legal proceedings which management believes will have a material adverse effect on our consolidated results of operations or financial condition.

The opening of Item 3, Legal Proceedings.5

Sources

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