Welcome to our dedicated page for Comstock Resources news (Ticker: CRK), a resource for investors and traders seeking the latest updates and insights on Comstock Resources stock.
Comstock Resources, Inc. reports recurring developments as an independent natural gas producer focused on the Haynesville Shale in North Louisiana and East Texas. Company news centers on quarterly financial and operating results, natural gas and oil sales, cash flow, adjusted EBITDAX, hedging effects and reserve measures tied to natural gas prices.
Operational updates focus on drilling and completions in the Western Haynesville and legacy Haynesville areas, including wells turned to sales, lateral lengths, initial production rates and well costs. Comstock announcements also cover asset sales, material agreements and capital-structure matters related to its exploration and production business.
Comstock Resources (NYSE: CRK) agreed a binding letter of intent with SOCAR under which SOCAR, or a subsidiary, would buy non-operated working interests in Comstock’s Legacy and Western Haynesville upstream assets and 15% of Comstock’s 73% stake in Pinnacle Gas Services for $1.65 billion in cash, subject to a definitive agreement, regulatory approvals and closing targeted by year-end 2026, effective July 1, 2026.
Comstock plans to use proceeds to cut net debt from $3.1 billion to $1.5 billion as of June 30, 2026 and retain operatorship of all upstream and midstream assets. SOCAR may participate in future Haynesville opportunities and help market gas internationally. Separately, a $450 million Haynesville drilling venture with majority shareholder Jerry Jones will fund most drilling costs on 27 wells over 12 months, with 50% interest reverting to Comstock after a 15% return on investment.
Empire Petroleum (NYSE American: EP) announced the successful 21,006-foot re-entry and subsurface evaluation of the Wakefield-Harrison GU B #1 well in the Fort Trinidad field, Madison County, Texas, described as a strategic milestone in its Western Haynesville gas development program.
The company drilled, underreamed, and cleaned out the legacy well to 21,006 feet measured depth (20,949 feet true vertical depth), acquired a full modern open-hole log suite, and recovered sidewall cores, with gas and liquid hydrocarbon shows recorded. This represents the deepest modern subsurface evaluation in the emerging Western Haynesville play completed with full open-hole logs and cores, reaching approximately 1,713 feet deeper than Comstock Resources’ McCullough GLR #3 and 2,398 feet deeper than Expand Energy’s Bobby Yancey #1.
According to Empire, the work was completed for about $4.4 million by re-entering an existing wellbore, compared with reported $30–$45 million costs for new ultra-deep wells by other operators. The well opens roughly 11,000 feet of previously untested section below historical Fort Trinidad development and underpins a phased development strategy targeting Intermediate Production Zones and Deep Productive Zones, supported by Empire’s owned midstream infrastructure and plans to deepen two additional wells.
WhiteHawk Minerals Corp. (NYSE: WHK) reported second quarter 2026 results and post-IPO growth, signing nine acquisitions of Marcellus, Utica and Haynesville mineral and royalty interests totaling $111.8 million since its June 10, 2026 IPO. These transactions, including about $105 million of assets expected from San Jacinto Minerals II, cover roughly 700,000 gross unit acres and more than 1,700 producing wells.
Second quarter 2026 net production averaged 70.0 MMcfe/d, up 57% year-over-year, with total revenue of $29.1 million and Adjusted EBITDA of $20.7 million. WhiteHawk recorded a net loss of $39.2 million, driven largely by a $21.7 million loss on extinguishment of debt and $15.8 million of non-recurring management and incentive fees linked to its IPO and internalization. Cash Available for Distribution was $17.4 million.
WhiteHawk initiated a quarterly cash dividend of $0.50 per share of Class A common stock ($2.00 annualized) and declared an initial prorated dividend of $0.11 per share, payable August 28, 2026. To fund the acquisitions, the company plans to issue $50.0 million of Series E Preferred Stock, carrying cash dividend rates of 10% to 14% and a minimum 1.05x return of invested capital, alongside cash on hand and borrowings under its undrawn $150 million revolving credit facility. As of June 30, 2026, WhiteHawk reported cash of $13.2 million and total debt of $68.7 million.
Comstock Resources (NYSE: CRK) reported second quarter 2026 production of 113.1 Bcfe, up 16% from Q1 and 1% year over year. Natural gas and oil sales including hedges were $331.6 million, with realized prices of $2.55/Mcfe unhedged and $2.93/Mcfe after hedging.
Net income available to the company was $8.8 million, or $0.03 per diluted share, and adjusted net income was $8.3 million. Adjusted EBITDAX totaled $244.8 million, and operating cash flow before working capital was $188.5 million.
Comstock sold a 27% noncontrolling equity interest in Pinnacle Gas Services for $600 million and used the proceeds to redeem all Pinnacle preferred equity and debt. Production costs averaged $0.77/Mcfe, supporting unhedged and hedged operating margins of 70% and 74%, respectively.
Comstock Resources (NYSE:CRK) will release its second quarter 2026 earnings on July 29, 2026 after market close and hold a conference call on July 30, 2026 at 10:00 a.m. CT to discuss results.
The call requires advance telephone registration and will also be available via live webcast and 12‑month replay.
Comstock Resources (NYSE: CRK) announced a $600 million strategic investment by funds managed by Sixth Street into its midstream subsidiary Pinnacle Gas Services. Sixth Street acquired a 27% non-controlling equity stake, implying a $2.2 billion enterprise value for Pinnacle.
Comstock retains a 73% controlling interest, continues to operate Pinnacle under a management services agreement, and used proceeds to redeem $445 million of preferred equity plus accrued dividends, retire all Pinnacle debt, cover transaction costs, and fund working capital. According to Comstock, the transaction is expected to reduce Pinnacle’s fixed charges by about $40 million annually.
Comstock Resources (NYSE: CRK) reported Q1 2026 results for the quarter ended March 31, 2026. Natural gas and oil sales were $338.6 million (including $80.4 million realized hedging losses). Operating cash flow was $191.9 million; adjusted EBITDAX was $251.3 million; adjusted net income was $44.5 million, or $0.15 per diluted share. Production totaled 97,919 MMcfe; average gas price was $4.27/Mcf ($3.45/Mcf including hedging). Turned 16 operated Haynesville/Bossier wells to sales since February with avg initial rates ~30 MMcf/d and avg lateral ~11,773 feet.
Comstock Resources (NYSE:CRK) will release first quarter 2026 results on May 5, 2026 after market close and hold its quarterly conference call at 10:00 a.m. CT on May 6, 2026.
Investors must register for telephonic participation to receive a dial-in number and PIN; a live listen-only webcast and a replay available for twelve months begin at 1:00 p.m. CT on May 6, 2026.
Comstock Resources (NYSE: CRK) announced the Western Haynesville in Anderson County, Texas, was selected to host a Texas natural gas-fired Power Generation Hub under a U.S.-Japan trade agreement announced March 20, 2026.
The hub, developed with NextEra (NYSE: NEE), could total up to 5.2 GW capacity, serve up to 5 GW large-load demand, require ~1 Bcf/day gas by 2031, and carry an estimated cost of $16 billion; project execution remains subject to definitive agreements and NextEra completing development, construction and commissioning.
Comstock Resources (CRK) reported Q4 2025 and full-year results on Feb 11, 2026, driven by higher natural gas prices, asset sales and drilling activity. Q4 revenue was $364.0M (including hedging), operating cash flow $222.3M, adjusted net income $46.1M ($0.16/share), and a $292.3M pre-tax gain on Shelby Trough sale. 2025 proved reserves rose to ~7.0 Tcfe with a PV-10 of ~$4.5B (SEC pricing). The company plans $1.4–1.5B development capex and $100–150M midstream spend for 2026, and will run nine rigs.