earnings
confidence high
sentiment positive
materiality 0.70
Comstock Q4 net income $0.97/shr (adj $0.16); reserves jump to 7.0 Tcfe
COMSTOCK RESOURCES INC
2025-FY EPS reported
$1.43
revenue$2,220,289,000
- Natural gas and oil sales $364M; production 111 Bcf in Q4 2025.
- Adjusted net income $46M ($0.16/diluted); GAAP net income $287M due to $292M Shelby Trough gain.
- Proved reserves rose to 7.0 Tcfe from 3.8 Tcfe at YE 2024, driven by higher SEC gas prices ($3.07/Mcf).
- 2026 capex plan $1.4-1.5B on E&P plus $100-150M for Western Haynesville midstream; rig count to 9.
- Operating cash flow $222M; adjusted EBITDAX $277M in Q4.