Comstock Resources, Inc.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Jay Allison
- Full Time Employees
- 252
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- Comstock Tower Frisco TX United States of America 75034
- IPO Date
- Aug 28, 1987
- CIK
- 0000023194
- Website
- comstockresources.com
- Similar Companies
- Business
- Comstock Resources, Inc. (NYSE: CRK) is an independent energy company engaged in the acquisition, exploration, development, and production of oil and natural gas properties in the United States. The company focuses primarily on the Haynesville and Bossier shale plays located in North Louisiana and East Texas, including the Western Haynesville extension; it holds approximately 1,099,090 gross acres (819,489 net) with interests in over 2,427 producing wells (1,542.6 net), of which it operates 1,747. Its core operations encompass natural gas and oil extraction from these basins, which benefit from economic and geographical proximity to Gulf Coast markets; Comstock targets low-cost production with an estimated 4.9 trillion cubic feet equivalent of reserve potential across 2,959 drilling locations. Founded in 1919 as Comstock Tunnel and Drainage Company and restructured as Comstock Resources in 1987, the company is headquartered in Frisco, Texas. In recent developments, Comstock agreed to sell natural gas assets in Texas to Citadel's Apex Natural Gas for approximately $430 million, enhancing liquidity alongside other divestitures totaling around $445 million; it reported third-quarter 2025 natural gas and oil sales of $308.6-$450 million, reflecting a 10-22% year-over-year increase driven by higher price realizations, with adjusted earnings of $0.09 per share exceeding estimates. The company maintains over $900 million in liquidity, plans to drill 19 wells and bring 13 to sales in Western Haynesville in 2025 while rebuilding Legacy Haynesville production with 32 wells, and pursues strategic midstream expansions through partnerships like Quantum Capital Solutions for up to $300 million in infrastructure funding.
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