Comstock Resources, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on November 5, 2026, reporting third-quarter net income available to the Company of $22,270 thousand on total revenues of $384,363 thousand.

Key Highlights

  • Net income available to the Company: $22,270 thousand for Q3 2026, compared to $111,128 thousand in Q3 2025, according to the filing.
  • Total revenues and other operating income: $384,363 thousand for Q3 2026, down from $447,359 thousand in Q3 2025.
  • Natural gas sales: $319,269 thousand for the three months ended September 30, 2026, versus $307,906 thousand in the same period of 2025.
  • Basic and diluted earnings per share: $0.08 for Q3 2026, compared to $0.40 in Q3 2025.
  • Long-term debt: $3,356,968 thousand as of September 30, 2026, up from $2,809,066 thousand at December 31, 2025.
  • Total stockholders' equity: $3,196,334 thousand at September 30, 2026, compared to $2,962,903 thousand at December 31, 2025.
  • Shares outstanding: 293,613,651 as of November 4, 2026, as reported on the cover page.

Comstock Resources Third-Quarter 2026 Financial Results and Balance Sheet Position

According to the filing, Comstock Resources (NYSE:CRK) reported net income of $25,366 thousand for the three months ended September 30, 2026, of which $3,096 thousand was attributable to noncontrolling interest, leaving $22,270 thousand available to the Company. This compares to net income available to the Company of $111,128 thousand in the third quarter of 2025. The company disclosed that income before income taxes was $39,339 thousand in Q3 2026 versus $136,722 thousand in Q3 2025, with a provision for income taxes of $13,973 thousand in the current quarter.

The filing disclosed that total revenues and other operating income declined to $384,363 thousand in Q3 2026 from $447,359 thousand in Q3 2025, driven in part by a decrease in gas services revenue from $141,265 thousand to $64,482 thousand. Natural gas sales rose modestly to $319,269 thousand from $307,906 thousand. The company reported a gain from derivative financial instruments of $74,529 thousand in the quarter, compared to $142,822 thousand in the prior-year period. Interest expense was $58,333 thousand for Q3 2026, compared to $56,722 thousand in Q3 2025.

On the balance sheet, the registrant reported total assets of $7,854,960 thousand as of September 30, 2026, up from $7,007,062 thousand at December 31, 2025. Net property and equipment increased to $6,990,777 thousand from $6,215,494 thousand over the same period. The filing noted a significant noncontrolling interest transaction during Q2 2026, including contributions from noncontrolling interest, net of transaction costs, of $581,654 thousand and a redemption of noncontrolling interest totaling $445,000 thousand. For the nine months ended September 30, 2026, the company reported net income available to the Company of $138,486 thousand on total revenues and other operating income of $1,324,999 thousand.

What Was Disclosed

Comstock Resources filed its unaudited quarterly report covering the period ended September 30, 2026, disclosing income statements, balance sheets, and statements of stockholders' equity, including third-quarter net income available to the Company of $22,270 thousand and total assets of $7,854,960 thousand.