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Companies / Energy / Comstock Resources, Inc.
CRK

Comstock Resources, Inc.

EnergyOil & Gas Extraction
Ticker CRKFRISCO, TXFiscal year ends DecemberBook value per share $8.95Diluted shares 291.6M

Comstock Resources, Inc. (NYSE: CRK) is an independent natural gas producer focused on developing the Haynesville and Bossier shale plays in North Louisiana and East Texas, with exploration in the Western Haynesville area. It explores for and produces natural gas and, to a much smaller extent, oil, selling production… From the company’s description.

Over the twelve months to Sep 30, 2026, Comstock Resources, Inc. reported revenue of $2.11B, up 17.3% from a year earlier, and net income of $439.63M. Its operating margin was 28.4%, and operations generated $846.58M in cash. In fiscal 2025, it reported revenue of $2.22B, up 77.0% from fiscal 2024, and net income of $420.20M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$2.22BFY2025
+77.0% year over year
Last 12 mo $2.11B
29.09%FY2025
+42.5 percentage points
Last 12 mo 28.43%
$420.20MFY2025
+292.1% year over year
Last 12 mo $439.63M
14.95%FY2025
+25.2 percentage points
Last 12 mo 16.08%
Cash & financing
$899.61MFY2025
+45.0% year over year
Last 12 mo $846.58M
$-449.67MFY2025
+5.8% year over year
Last 12 mo $-818.80M
1.06FY2025
Was 1.32× a year earlier
Last 12 mo 1.29
294.1MFY2025
+2.5% year over year
Last 12 mo 291.6M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Comstock Resources, Inc. does

In the company’s own words

Comstock Resources, Inc. (NYSE: CRK) is an independent natural gas producer focused on developing the Haynesville and Bossier shale plays in North Louisiana and East Texas, with exploration in the Western Haynesville area. It explores for and produces natural gas and, to a much smaller extent, oil, selling production to purchasers under contracts priced mainly at market indexes or spot prices. The company also provides gathering and treating services through Pinnacle Gas Services, its Western Haynesville midstream system, which includes treating plants and high-pressure pipelines. Its operations are concentrated in Louisiana and Texas, and substantially all proved reserves are in the Haynesville and Bossier shales; it reports one operating segment. At December 31, 2025, Comstock held approximately 802,769 net acres prospective for those plays and had 7.0 Tcfe of proved reserves. It produced 450.2 Bcf of natural gas in fiscal 2025. The company has developed the Haynesville and Bossier since adopting horizontal drilling there in 2007, and formed Pinnacle in 2023 to support Western Haynesville development. Its website is www.comstockresources.com.

Company details
Sector
Energy
Industry (SIC)
Oil & Gas Extraction
Headquarters
FRISCO, TX
Fiscal year end
December
CIK
23194
SIC
1311

Financial performance, year by year

Fiscal 2011–2025 · USD
$-1.51B$-112.08M$1.29B$2.69B$4.10B201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Comstock Resources, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

247
funds hold it
0 of 35
superinvestors hold it
$619.92M
held by funds, at market
13.6%
of shares held by funds
3
bond issues held by funds

Largest fund holders · Comstock Resources, Inc.’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.06%of fund net assets
U.S. SMALL CAP VALUE PORTFOLIO
DFSVX · DFA INVESTMENT DIMENSIONS GROUP INC
—of fund net assets
U.S. Targeted Value Portfolio
DFFVX · DFA INVESTMENT DIMENSIONS GROUP INC
—of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
1.14%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Comstock Resources, Inc.’s bonds, as funds hold them

Funds report holding 3 issues of Comstock Resources, Inc.’s debt, $1.21B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 6.37%, maturing 2029 to 2030.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Comstock Resources, Inc. and its peers compare on margins and cash generation over ten years?”
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