Comstock Resources, Inc.
CRK · Price history
Price at last available close
$14.59
+$2.27 (+18.43%) 1M
2026-10-29
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Company & revenue
About Comstock Resources, Inc.
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Comstock Resources, Inc., an independent energy company, engages in the acquisition, exploration, development, and production of natural gas and oil properties in the United States. Its assets covering an area of approximately 1,069,991 acres are located in the Haynesville and Bossier shales located in North Louisiana and East Texas. The company was incorporated in 1919 and is headquartered in Frisco, Texas.
How they make money
Comstock Resources, Inc. is an independent energy company engaged in the acquisition, exploration, development, and production of natural gas and oil. The company generates revenue primarily through the sale of its natural gas and oil production to various purchasers, including marketers, pipelines, and industrial end-users, with operations concentrated in the Haynesville Shale in North Louisiana and East Texas.
Products & services
Natural gas and oil production.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer concentration
The company sells its production to various purchasers and does not disclose specific customer concentration figures in its 2025 10-K.
Suppliers, materials & equipment
- Oilfield service providers — Various third-party contractors providing drilling, completion, and workover services.Source
Strengths
Sources
Financial risk observations and what to check
These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-06-30.
Total debt is at least one year of revenue
Debt is large relative to the company's recent revenue base. Review maturity dates, borrowing terms and whether available liquidity can support the obligation.
Interest coverage is below 2x
Reported earnings provide limited coverage of interest expense. Review the underlying interest and operating-income figures because weak coverage can increase refinancing and liquidity risk.
Free cash flow is negative
The latest reported period did not generate positive free cash flow. Check whether the cash use reflects development investment, working capital or continuing operating losses.
Cash covers less than 20% of total debt
Cash on hand is small relative to reported debt. Compare unrestricted cash, debt maturities and expected financing needs rather than treating the ratio alone as a default prediction.
Quarterly revenue fell 25.2% versus the same quarter last year.
Check comparable business scope and currency, then separate volume, pricing and divestitures. One weaker quarter does not establish that the same decline will continue.
Quarterly EPS fell 92.8% versus the same quarter last year.
Review net income and weighted-average shares together. Per-share earnings can change because of operating performance, nonrecurring items or the share denominator.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
41
Weak
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
48
Weak
Financial Strength
49
Business Quality / Moat
41
Management
76
Growth Quality
29
Risk / Durability
34
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
43
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
45/100
Building Historical Record
Model Score 45/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
No strong positive signal is being highlighted from the currently available summary data.
- •High debt risk
- •Revenue fundamentals are weak
- •Debt / balance-sheet profile needs attention
Company-specific research
Questions worth answering for CRK
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •What is driving CRK's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
- •How long can CRK fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •Is CRK's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •What does the current fundamental change risk warning mean for the reliability or interpretation of CRK's score?
Essential Investment Snapshot
Wall Street Score
41
Opportunity Score
43
Market Cap
$4.28B
P/E Ratio
7.0
EPS
$1.76
52-Week High
$28.10
52-Week Low
$12.12
Beta
0.10
Intrinsic Value
$14.96
Analyst Target
$15.00
Shares Outstanding
294.1M
Total Revenue
$1.88B
Total Debt
$3.17B
Dividend
No current dividend
Liquidation Value / Share
$10.76
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Building upward momentum
Low movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for CRK
Detected from reported data — verify before acting.Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
High debt risk
Total debt is at least one year of revenue • Interest coverage is below 2x • Free cash flow is negative • Cash covers less than 20% of total debt
Community Sentiment
0 active · 0 total callsNo personal call yet on CRK.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Significant inventory of drilling locations in the Haynesville Shale.
- +Proximity to premium natural gas markets.
Potential downside factors
- −Debt risk (high): Total debt is at least one year of revenue.
- −Interest coverage is below 2x.
- −Free cash flow is negative.
- −Cash covers less than 20% of total debt.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
6 historical score records availablePrevious Score
38
Sep 17, 2026
Change
+2.4
points
Current Score
41
Oct 1, 2026
Category Changes
CRK increased 2.4 points because Capital improved by 4 points, Valuation improved by 9.2 points.
Positive Contributors
- + Capital improved by 4 points
- + Valuation improved by 9.2 points
Projected Score
Projected Score
34
Projected Change
-6.7 points
Preliminary comparable-period financial changes suggest decline of approximately 6.7 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Near Fair ValueCurrent Price
$14.59
Model Intrinsic Value
$14.96
Difference
−$0.37
-2.5% vs IV
Margin of Safety
2.5%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Large reported revenue change: +53.8%
Revenue changed sharply from 2024 to 2025. This can reflect a real business change, acquisition, divestiture, discontinued operations, restatement, or reporting-basis change. Compare the underlying filing before treating it as normal growth or decline.
TTM may combine quarters from before and after the event, so its trend can also be distorted.
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.88B | $1.93B | $1.25B | $1.57B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $1.44B | $1.49B | $1.38B | $1.30B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $443.8M | $441.7M | -$130.1M | $266.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $60.7M | $48.7M | $39.4M | $38.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $82.4M | $58.8M | $38.6M | $39.6M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $1.48B | $1.37B | $638.2M | $1.02B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $361.4M | $383.0M | -$168.6M | $226.6M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $220.9M | $222.8M | $210.6M | $169.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $631.8M | $508.7M | -$367.8M | $247.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $99.5M | $88.5M | -$149.1M | $35.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | $532.9M | $420.2M | -$218.8M | $211.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $1.76 | $1.36 | $-0.76 | $0.76 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 291M | 291M | 287M | 277M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 291M | 294M | 287M | 277M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$351.7M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$0.03
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+1.9%
Cash Change
+74.1%
Margin Change
-24.1 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Cash position grew
What Weakened
- Margins contracted
- Debt increased
Potential Score Impact
Positive indicators included cash levels. Pressure indicators included revenue growth, EPS growth, debt levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue declined 25.2%. EPS declined 92.8%. Cash increased 74.1%. Total debt increased 1.9%. Net income margin declined by 24.1 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Log in to view dividend history.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
6 historical recordsHistorical Score Chart
3 of 6 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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Rumor Mill · CRK
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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