Re-runs extraction for each period with period-end year from max(2023, current year − 2) through the current year, oldest first (up to three reporting years). This can take a long time.
Natural gas–weighted independent E&P focused on the Haynesville and related US plays.
Sector: United States — oil & gas exploration & production
US_EP_CRK
No intraday sparkline from the default exchange feed; Yahoo or day change may still appear below when available.
No price chart.
Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.
Shares: sec_companyfacts/23194
| Period | Issues |
|---|---|
| 2023-09-30 Q3 | ⚠Warn 1 |
| 2023-12-31 FY | ⚠Warn 1 |
| 2024-03-31 Q1 | ⚠Warn 1 |
| 2024-06-30 Q2 | ⚠Warn 1 |
| 2024-09-30 Q3 | ⚠Warn 1 |
| 2024-12-31 FY | ⚠Warn 1 |
| 2025-03-31 Q1 | ✗Errors 1Warn 2 |
| 2025-06-30 Q2 | ⚠Warn 1 |
| 2025-09-30 Q3 | ⚠Warn 1 |
| 2025-12-31 FY | ⚠Warn 1 |
| 2026-03-31 Q1 | ✗Errors 1Warn 1 |
Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.
| Date | Period | Status | RevenueM USD | Operating profitM USD | D&AM USD | EBITDAM USD | Net profitM USD | Operating CFM USD | Capex + M&AM USD | AssetsM USD | EquityM USD | ROE (annualized) | Net debtM USD | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-03-31 | Q1 2026 (3M) | OK | 587.4 y/y 14.5% | 174.9 y/y 38.6% | 141.5 y/y -15.7% | 316.4 y/y 7.6% | 107.5 y/y 188.6% | 272.0 | -403.1 | 7239.7 y/y 9.7% | 2757.5 y/y 30.0% | 15.9% | 2976.1 | Link |
| 2025-12-31 | FY 2025 (12M) | OK | 787.3 y/y 114.3% | 380.0 y/y 19688.9% | 157.5 y/y — | 537.5 y/y 37.5% | 280.9 y/y 583.3% | 224.2 | 47.8 | 7007.1 y/y 9.8% | 2646.8 y/y 18.1% | 15.8% | 2832.1 | Link |
| 2025-09-30 | Q3 2025 (3M) | OK | 449.9 y/y 47.7% | 50.2 y/y 181.9% | 157.4 y/y -24.5% | 207.6 y/y 41.2% | 111.1 y/y 484.6% | 153.1 | -324.0 | 6841.0 y/y 8.4% | 2360.3 y/y 2.8% | 6.4% | 3155.1 | Link |
| 2025-06-30 | Q2 2025 (3M) | OK | 470.3 y/y 90.5% | 89.4 y/y 196.7% | 158.4 y/y -18.5% | 247.8 y/y 143.6% | 124.8 y/y 198.8% | 347.6 | -341.0 | 6694.9 y/y 5.9% | 2243.6 y/y -3.3% | 22.9% | 3040.5 | Link |
| 2025-03-31 | Q1 2025 (3M) | OK | 512.9 y/y 52.7% | 126.2 y/y 1082.1% | 167.9 y/y — | 294.1 y/y 2388.9% | -121.3 y/y -643.1% | 174.7 | -298.3 | 6601.5 y/y 4.5% | 2121.5 y/y -13.3% | -22.2% | 3064.4 | Link |
| 2024-12-31 | FY 2024 (12M) | OK | 367.4 y/y — | -1.9 y/y — | — y/y 30.8% | 390.9 y/y — | -58.1 y/y — | 267.1 | -297.0 | 6382.1 y/y 2.1% | 2241.0 y/y -5.0% | -10.1% | 2981.2 | Link |
| 2024-09-30 | Q3 2024 (3M) | OK | 304.5 y/y -19.2% | -61.3 y/y -229.8% | 208.3 y/y 40.6% | 147.0 y/y -24.8% | -28.9 y/y -296.3% | 98.2 | -211.6 | 6313.0 y/y 4.7% | 2295.3 y/y 0.5% | -1.7% | 2970.8 | Link |
| 2024-06-30 | Q2 2024 (3M) | OK | 246.8 y/y — | -92.5 y/y — | 194.2 y/y — | 101.7 y/y — | -126.3 y/y — | 83.6 | -227.5 | 6324.5 y/y — | 2320.3 y/y — | -21.2% | 2871.7 | Link |
| 2024-03-31 | Q1 2024 (3M) | OK | 335.8 y/y — | -12.8 y/y — | — y/y — | -12.8 y/y — | -16.3 y/y — | 171.5 | -348.2 | 6317.2 y/y — | 2446.0 y/y — | -2.7% | 2730.2 | Link |
| 2023-12-31 | FY 2023 (12M) | OK | — y/y — | — y/y — | — y/y — | — y/y — | — y/y — | 228.2 | — | 6253.6 y/y — | 2358.4 y/y — | 9.1% | 2647.5 | Link |
| 2023-09-30 | Q3 2023 (3M) | OK | 376.7 y/y — | 47.3 y/y — | 148.2 y/y — | 195.5 y/y — | 14.7 y/y — | 70.8 | -351.0 | 6031.1 y/y — | 2282.8 y/y — | — | 2536.3 | Link |
Physical operating metrics — supplementary, not part of the financial statements
Oil and Gas E and P
| Year | Reserves, mln cfe |
|---|---|
| 2025 | 7 005 310 |
| 2024 | 3 764 080 |
| 2023 | 4 943 520 |
| 2022 | 6 700 860 |
| 2021 | 6 121 840 |
| 2020 | 5 628 900 |
| 2019 | 5 442 000 |
| Year | Production, mln cfe | per day |
|---|---|---|
| 2026 | 97 919 * | 268 271 233 |
| 2025 | 339 166 | 929 221 918 |
| 2024 | 403 662 | 1 105 923 288 |
| 2023 | 384 241 | 1 052 715 068 |
| 2022 | 368 152 | 1 008 635 616 |
| 2021 | 372 474 | 1 020 476 712 |
| 2020 | 459 883 | 1 259 953 425 |
| 2019 | 225 839 | 618 736 986 |
* partial year
EI1 ___NASDAQ_press_comm (NASDAQ / SEC filings)
Quarterly values ($ mln)
Year-over-year change
Net debt / cash ($ mln)
Current 5.2x · 3-year average 10.3x
FY blocks below combine SEC XBRL tags (revenue & selected expense lines), plus production / reserves notes sourced to Form 10-K or company filings where cited.
Production and proved reserves in the FY blocks are keyed from supplemental 10-K tables after each filing is wired in. Automated SEC revenue/expense tags for the newest FY often appear before operational volumes and reserves for that same year.
Reserves life (R/P): 15.6 yr
| FY end | Crude oil equivalent (net, Mboe/d) | Proved reserves (net, MMboe) | Proved developed (net, MMboe) | Proved undeveloped (net, MMboe) |
|---|---|---|---|---|
| 2025-12-31 | 205.5 | 1,166.7 | — | — |
| 2024-12-31 | — | 633.3 | — | — |
Model: apply spot-vs-LTM commodity price moves to LTM revenue mix (oil/gas/NGL). Purchased products scale with revenue; remaining cash expenses inflate (PPI proxy). Fair value: EBITDA at trailing ~3y average commodity prices, conservative used EBITDA (average of spot and 3y-avg when spot is higher), × 3y average EV/EBITDA − net debt.
| Line item | Value |
|---|---|
| 1 · Reported baseline LTM or latest FY revenue/EBITDA and revenue mix. | |
| LTM revenue (last 4 quarters) | 2 020 USDm |
| LTM EBITDA (last 4 quarters) | 1 066 USDm |
| Baseline cash costs (revenue − EBITDA) | 954 USDm |
| Revenue mix: oil / gas / NGL / other | 0.2% / 99.8% / 0.0% / 0.0% |
| · Crude oil | 2 USDm (0.2% of implied) |
| · Natural gas | 1 427 USDm (99.8% of implied) |
| 2 · Commodity prices Spot move = last ÷ LTM average. 3y-avg-price EBITDA uses trailing ~3y mean ÷ LTM average. | |
| Oil — spot & 3y avg vs LTM | spot 95.96 · LTM avg 72.44 · 3y avg — → spot move +32.5% |
| Gas — spot & 3y avg vs LTM | spot 3.15 · LTM avg 3.41 · 3y avg — → spot move -7.6% |
| NGL — spot & 3y avg vs LTM | spot 5 862.50 · LTM avg 4 970.46 · 3y avg — → spot move +17.9% |
| 3 · Cash cost model Purchased products scale with revenue; other costs inflate. | |
| Purchased products / revenue | 0.0% |
| PPI inflation multiplier (12m) | 1.055 |
| → Projected purchased cost (at spot revenue) | 0 USDm |
| → Projected other cash cost (inflated) | 1 007 USDm |
| 4 · Spot forward P&L Headline spot cards use §4. | |
| = Projected spot revenue | 1 867 USDm |
| = Spot EBITDA | 860 USDm |
| = EBITDA at 3y avg commodity prices | 770 USDm |
| 5 · Valuation vs spot Current EV vs spot EBITDA. | |
| Enterprise value (current) | — |
| EV ÷ Spot EBITDA | — |
| 6 · Fair value & upside Conservative used EBITDA × 3y average EV/EBITDA → fair market cap. | |
| EBITDA at 3y avg commodity prices | 770 USDm |
| = Conservative used EBITDA | 815 USDm |
| Fair market cap (3y avg EV/EBITDA × used EBITDA − net debt) | — |
Flow: baseline → commodity prices → expense model → spot P&L → fair value (used EBITDA × 3y avg EV/EBITDA − net debt). Hover for formulas.
FY2025 production 450 Bcf and proved reserves 7.0 Tcfe per Comstock FY2025 results release. Converted at 6 Mcf per boe.
| Line item | Amount |
|---|---|
| Crude oil equivalent (net, Mboe/d) | 205.5 |
| Proved reserves (net, MMboe) | 1,166.7 |
Sources
Volumes and per-unit realized sales prices come from the issuer's latest Form 10-K production-and-pricing table. Implied product revenue = volume × price; mix shares feed the spot 12-month forecast above.
FY2025 10-K Item 7, Natural gas and oil sales table (crk-20251231.htm). Comstock is a Haynesville gas pure-play; oil volume is back-derived from $2,292K oil sales / $61.95 realized price. NGLs are not produced. Prices exclude derivative settlements.
| Product | Annual volume | Avg realized price | Implied revenue (USDm) | Share of implied revenue |
|---|---|---|---|---|
| Crude oil | 0 MMBbls | 61.95 USD/bbl | 2.3 | 0.2% |
| Natural gas | 450,200 MMcf | 3.17 USD/Mcf | 1,427.1 | 99.8% |
| Total (implied product revenue) | 1,429.4 | 100.0% |
| Line item | Amount | |
|---|---|---|
| Total revenues (consolidated) | 2,220.3 | USD mln |
| Line item | Amount | |
|---|---|---|
| Depreciation, depletion & amortization | 641.2 | USD mln |
| General & administrative | 48.7 | USD mln |
| Impairment — oil & gas properties | 29.1 | USD mln |
| Income tax expense (benefit) | 88.5 | USD mln |
Primary SEC filing for this FY (HTML)
FY2024 proved reserves 3.8 Tcfe per Comstock FY2025 results release (converted at 6 Mcf per boe).
| Line item | Amount |
|---|---|
| Proved reserves (net, MMboe) | 633.3 |
Sources
| Line item | Amount | |
|---|---|---|
| Total revenues (consolidated) | 1,254.5 | USD mln |
| Line item | Amount | |
|---|---|---|
| Depreciation, depletion & amortization | 795.4 | USD mln |
| General & administrative | 39.4 | USD mln |
| Impairment — oil & gas properties | 0 | USD mln |
| Income tax expense (benefit) | -149.1 | USD mln |
Primary SEC filing for this FY (HTML)
No production / reserves detail wired for this fiscal year yet.
| Line item | Amount | |
|---|---|---|
| Total revenues (consolidated) | 1,565.2 | USD mln |
| Line item | Amount | |
|---|---|---|
| Depreciation, depletion & amortization | 607.9 | USD mln |
| General & administrative | 38 | USD mln |
| Interest expense | 169 | USD mln |
| Impairment — oil & gas properties | 0 | USD mln |
| Income tax expense (benefit) | 35.1 | USD mln |
Primary SEC filing for this FY (HTML)
No dividend rows found for this issuer (checked: Yahoo Finance (ex-div)).
Investor reporting (IR): https://www.comstockresources.com/investors
Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)