“If impairment is indicated based on undiscounted expected future cash flows attributable to the pipelines and natural gas treating plants, then impairment is recognized to the extent the capitalized costs of the pipelines and natural gas treating plants excee…”10-Q · Jul 30, 2026 ↗
Comstock Resources, Inc.
CRK
Market read
Comstock Resources, Inc.'s current read is isolated; its market group is not confirming.
The latest filing evidence is available. 0 of 6 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.
- Revenue increased 14.5% versus the comparable filing period.
- Cash declined 18.1M versus the comparable period.
- Lower realized natural gas prices on purchases/resales materially reduced results in Q2 2026 versus prior year.
Invalidation: The isolated read changes if CRK's group or a disclosed connection begins moving with it.
Research brief
The story so far
The latest filing evidence is available. 0 of 6 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.
- Revenue increased 14.5% versus the comparable filing period.
- Cash declined 18.1M versus the comparable period.
- Lower realized natural gas prices on purchases/resales materially reduced results in Q2 2026 versus prior year.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Latest annual revenue changed +77.0% year over year.
- Operating margin changed +42.5 percentage points in the latest annual period.
- Net margin changed +36.1 percentage points in the latest annual period.
- Operating cash flow covered net income at 2.27x in the latest annual period.
- Diluted shares increased 2.5% in the latest annual period.
- P/E is 33% below the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 11, 2026
14.78Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“If impairment is indicated based on undiscounted expected future cash flows attributable to the pipelines and natural gas treating plants, then impairment is recognized to the extent the capitalized costs of the pipelines and natural gas treating plants excee…”10-Q · Jul 30, 2026 ↗
“Our cash flow from operations and access to capital is subject to a number of variables, including: • our estimated proved reserves; • the level of natural gas we are able to produce from existing wells; • our ability to extract natural gas liquids from the n…”10-K · Feb 19, 2026 ↗
“These leases are also subject to certain regulations and orders promulgated by the Department of Interior's Bureau of Ocean Energy Management, Regulation & Enforcement, through its Minerals Revenue Management Program, which is responsible for the management o…”10-K · Feb 19, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 2.0× · EV/sales 3.2×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for CRK. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
The latest filing shows material pressure
10-Q filed 2026-05-06 against the comparable filing from 2025-05-01.
What improved
- Revenue increased 14.5% versus the comparable filing period.
What weakened
- Cash declined 18.1M versus the comparable period.
Filing receipts
“The increases were primarily due to higher natural gas prices related to sales of natural gas purchased to utilize our excess transport capacity.”
“Any reduction in our natural gas and oil reserves, including reductions due to price fluctuations, can have an adverse effect on our ability to obtain capital for our exploration and development activities.”
“serves, including reductions due to price fluctuations, can have an adverse effect on our ability to obtain capital for our exploration and development activities.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
The relationships behind CRK
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
NEENextEra Energy, Inc.partnerFeb 19, 2026 ▾
“We are partnering with NextEra Energy Resources, LLC ("NextEra") to provide natural gas for new power generation in Western Haynesville to support hyperscaler data center development with initial capacity of 2 gigawatts and potential expansion to 8 gigawatts.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
CRK is currently a Follower in the organic co-movement group Natural Gas Producers. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for CRK; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.