Comstock Resources (NYSE: CRK) Q2 2026 results, $600M Pinnacle sale
Rhea-AI Filing Summary
Comstock Resources reported second quarter 2026 natural gas and oil sales including hedging of $331.6 million and total revenues and other operating income of $353.3 million for the quarter ended June 30, 2026, compared with $470.3 million a year earlier. Production was 113.1 Bcfe, up 16% from the first quarter and 1% above the 2025 quarter, with an average realized price of $2.93 per Mcfe including hedges. Net income available to the Company was $8.8 million, or $0.03 per diluted share, and adjusted net income was $8.3 million, or $0.03 per share. Adjusted EBITDAX reached $244.8 million.
Operating cash flows from operating activities were $170.2 million, or $188.5 million before changes in working capital. Production costs averaged $0.77 per Mcfe, supporting hedged operating margins of 74%. During the quarter Comstock sold a 27% noncontrolling common equity interest in Pinnacle Gas Services for $600 million and used the proceeds to redeem Pinnacle preferred equity and repay its outstanding indebtedness. Exploration and development capital expenditures were $390.4 million, with additional unproved property acquisitions of $20.4 million.
Positive
- None.
Negative
- None.
Filing Explained
At June 30, 2026, Comstock reported 45,008 thousand dollars of cash and 3,098,770 thousand dollars of long-term debt; its adjusted cash-flow measure is not liquidity.
Comstock reports its second-quarter results for the quarter ended
As a Form 8-K, this filing reports a specified material event, here the company's reported financial condition and operating results. Cash flows from operating activities were
The company expressly says the latter measure is not a measure of liquidity or actual cash generation. Accordingly, the
The next specified milestone is the company's conference call at
8-K Event Classification
Key Figures
Key Terms
Adjusted EBITDAX financial
unhedged operating margin financial
Operating cash flow before changes in working capital financial
asset retirement obligation financial
horseshoe wells technical
Earnings Snapshot
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What were Comstock Resources (CRK) key financial results for Q2 2026?
How did Comstock Resources (CRK) production and realized prices trend in Q2 2026?
What transaction did Comstock Resources (CRK) complete involving Pinnacle Gas Services?
Which non-GAAP metrics did Comstock Resources (CRK) highlight for Q2 2026?
What were Comstock Resources (CRK) production costs and margins in Q2 2026?
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): |
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(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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Trading |
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition.
On July 29, 2026, Comstock Resources, Inc. ("Comstock" or the "Company") announced financial results for the quarter ended June 30, 2026. A copy of the press release announcing Comstock's earnings and operating results for this period and other matters is attached hereto as Exhibit 99.1.
The earnings press release contains financial measures that are not in accordance with generally accepted accounting principles in the United States ("GAAP"). Comstock has provided reconciliations within the earnings release of the non-GAAP financial measures to the most directly comparable GAAP financial measures. The non-GAAP financial measures should be considered in addition to, but not as a substitute for, measures of financial performance prepared in accordance with GAAP that are presented in the earnings release.
The information in this Form 8-K and the Exhibit attached hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise subject to the liability of that section, and shall not be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
Exhibit No. |
Description |
99.1 |
Press Release dated July 29, 2026 |
104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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COMSTOCK RESOURCES, INC. |
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Date: |
July 29, 2026 |
By: |
/s/ ROLAND O. BURNS |
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Roland O. Burns |
Exhibit 99.1
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5300 Town and Country Blvd., Suite 500 |
Frisco, Texas 75034 |
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Telephone: (972) 668-8834 |
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Contact: Ron Mills |
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VP of Finance and Investor Relations |
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Web Site: www.comstockresources.com |
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NEWS RELEASE |
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For Immediate Release
COMSTOCK RESOURCES, INC. REPORTS
SECOND QUARTER 2026 FINANCIAL AND OPERATING RESULTS
FRISCO, TEXAS, July 29, 2026 – Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE; NYSE Texas: CRK) today reported financial and operating results for the quarter ended June 30, 2026.
Highlights of 2026's Second Quarter
Financial Results for the Three Months Ended June 30, 2026
Comstock produced 113.1 Bcfe in the second quarter of 2026, which increased 16% from the first quarter of this year and increased 1% from the same period in 2025. During the second quarter of 2026, Comstock realized $2.55 per Mcfe before hedging and $2.93 per Mcfe after hedging. Comstock's natural gas and oil sales in the second quarter of 2026 were $331.6 million (including realized hedging gains of $43.3 million). Cash flows from operating activities in the second quarter of 2026 was $170.2 million. Operating cash flow before changes in working capital generated in the second quarter of 2026 was $188.5 million, and net income available to the
Company for the second quarter was $8.8 million or $0.03 per diluted share. The net income available to the Company in the quarter included a pre-tax $1.0 million unrealized gain on hedging contracts held for price risk management resulting from the change in future natural gas prices since the first quarter of 2026. Excluding this item, exploration expense and gain on sale of assets, adjusted net income available to the Company for the second quarter of 2026 was $8.3 million, or $0.03 per diluted share.
Comstock's production cost per Mcfe in the second quarter returned to normal levels and averaged $0.77 per Mcfe, which was comprised of $0.38 for gathering and transportation costs, $0.25 for lease operating costs, $0.06 for production and other taxes and $0.08 for cash general and administrative expenses. Comstock's unhedged operating margin was 70% in the second quarter of 2026 and 74% after hedging.
Financial Results for the Six Months Ended June 30, 2026
For the six months ended June 30, 2026, production was down 7% to 1,166 MMcfe per day compared to the same period in 2025. Comstock realized $3.35 per Mcfe before hedging and $3.18 per Mcfe after hedging for its production of 211.0 Bcfe. Natural gas and oil sales for the six months ended June 30, 2026 totaled $670.2 million (including realized hedging losses of $37.1 million). Cash flows from operating activities for the first six months of 2026 was $442.2 million. Operating cash flow before changes in working capital generated in the first six months of 2026 was $380.4 million, and net income available to the Company was $116.2 million or $0.40 per diluted share. Net income available to the Company for the first six months of 2026 included a pre-tax $83.8 million unrealized gain on hedging contracts held for price risk management. Excluding this item and exploration expense and gain on sale of assets, adjusted net income available to the Company for the six months ended June 30, 2026 was $47.7 million, or $0.16 per diluted share.
Comstock's production cost per Mcfe for the six months ended June 30, 2026 averaged $0.85 per Mcfe, which was comprised of $0.40 for gathering and transportation costs, $0.27 for lease operating costs, $0.09 for production and other taxes and $0.09 for cash general and administrative expenses. Comstock's unhedged operating margin was 75% for the first six months of 2026 and 73% after hedging.
Drilling Results
Comstock drilled 17 (15.6 net) operated horizontal Haynesville/Bossier shale wells in the second quarter of 2026, which had an average lateral length of 11,104 feet. Comstock turned 16 (12.7 net) operated wells to sales in the second quarter of 2026.
Since its last operational update in May 2026, Comstock has turned 17 (13.6 net) operated Haynesville/Bossier shale wells to sales. These wells had initial production rates that averaged 31 MMcf per day. The completed lateral length of these wells averaged 11,201 feet. Included in the wells turned to sales were five more successful Western Haynesville wells:
Well |
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Vertical Depth (feet) |
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Completed Lateral (feet) |
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Initial Production Rate (MMcf per day) |
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Ericson KN #1 |
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15,414 |
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7,975 |
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30 |
Jensen WW #1 |
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14,272 |
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9,243 |
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31 |
Glass KG #1 |
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14,972 |
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11,182 |
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35 |
Lotspeich BJ #1 |
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17,903 |
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9,805 |
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34 |
Jones LA #1 |
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16,069 |
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10,191 |
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33 |
Earnings Call Information
Comstock has planned a conference call for 10:00 a.m. Central Time on July 30, 2026, to discuss the second quarter 2026 operational and financial results. Investors wishing to listen should visit the Company's website at www.comstockresources.com for a live webcast. Investors wishing to participate in the conference call telephonically will need to register at:
https://register-conf.media-server.com/register/BIb1b9c89894d24cf390641104a3f40885.
Upon registering to participate in the conference call, participants will receive the dial-in number and a personal PIN number to access the conference call. On the day of the call, please dial in at least 15 minutes in advance to ensure a timely connection to the call. The conference call will also be broadcast live in listen-only mode and can be accessed via the website URL: https://edge.media-server.com/mmc/p/xprpo4xr.
If you are unable to participate in the original conference call, a web replay will be available for twelve months beginning at 1:00 p.m. CT on July 30, 2026. The replay of the conference can be accessed using the webcast link: https://edge.media-server.com/mmc/p/xprpo4xr.
This press release may contain "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations and are subject to a number of factors and uncertainties which could cause actual results to differ materially from those described herein. Although the Company believes the expectations in such statements to be reasonable, there can be no assurance that such expectations will prove to be correct. Information concerning the assumptions, uncertainties and risks that may affect the actual results can be found in the Company's filings with the Securities and Exchange Commission ("SEC") available on the Company's website or the SEC's website at sec.gov.
Comstock Resources, Inc. is a leading independent natural gas producer with operations focused on the development of the Haynesville shale in North Louisiana and East Texas. The Company's stock is traded on the NYSE and the NYSE Texas under the symbol CRK.
COMSTOCK RESOURCES, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts)
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Three Months Ended |
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Six Months Ended |
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2026 |
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2025 |
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2026 |
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2025 |
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Revenues: |
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Natural gas sales |
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$ |
287,745 |
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$ |
339,225 |
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$ |
706,020 |
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$ |
751,511 |
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Oil sales |
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476 |
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741 |
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1,234 |
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1,443 |
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Total natural gas and oil sales |
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288,221 |
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339,966 |
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707,254 |
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752,954 |
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Gas services |
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63,481 |
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130,296 |
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229,982 |
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230,162 |
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Gain on sale of assets |
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1,580 |
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— |
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3,400 |
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— |
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Total revenues and other operating income |
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353,282 |
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470,262 |
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940,636 |
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983,116 |
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Operating expenses: |
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Production and ad valorem taxes |
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7,196 |
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10,555 |
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17,621 |
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21,734 |
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Gathering and transportation |
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43,331 |
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41,759 |
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85,135 |
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84,376 |
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Lease operating |
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28,150 |
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31,109 |
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56,431 |
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66,109 |
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Exploration |
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4,427 |
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— |
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13,770 |
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2,150 |
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Depreciation, depletion and amortization |
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167,432 |
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158,379 |
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308,964 |
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326,270 |
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Gas services |
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63,014 |
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126,714 |
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225,870 |
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243,483 |
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General and administrative |
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17,151 |
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12,300 |
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35,373 |
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23,380 |
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Total operating expenses |
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330,701 |
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380,816 |
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743,164 |
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767,502 |
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Operating income |
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22,581 |
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89,446 |
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197,472 |
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215,614 |
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Other income (expenses): |
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Gain (loss) from derivative financial instruments |
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44,365 |
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235,847 |
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46,761 |
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(94,492 |
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Other income |
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259 |
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2,100 |
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522 |
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2,439 |
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Interest expense |
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(55,042 |
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(55,178 |
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(108,103 |
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(110,015 |
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Total other income (expenses) |
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(10,418 |
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182,769 |
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(60,820 |
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(202,068 |
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Income before income taxes |
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12,163 |
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272,215 |
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136,652 |
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13,546 |
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(Provision for) benefit from income taxes |
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2,837 |
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(141,487 |
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(9,153 |
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1,789 |
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Net income |
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15,000 |
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130,728 |
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127,499 |
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15,335 |
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Net income attributable to noncontrolling interest |
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(6,234 |
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(5,886 |
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(11,283 |
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(11,771 |
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Net income available to the Company |
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$ |
8,766 |
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$ |
124,842 |
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$ |
116,216 |
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$ |
3,564 |
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Net income per share: |
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Basic |
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$ |
0.03 |
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$ |
0.45 |
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$ |
0.40 |
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$ |
0.05 |
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Diluted |
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$ |
0.03 |
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$ |
0.44 |
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$ |
0.40 |
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$ |
0.05 |
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Weighted average shares outstanding: |
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Basic |
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291,612 |
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290,604 |
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291,465 |
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290,455 |
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Diluted |
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291,612 |
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294,247 |
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291,465 |
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294,026 |
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COMSTOCK RESOURCES, INC.
OPERATING RESULTS
(In thousands, except per unit amounts)
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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Natural gas production (MMcf) |
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113,069 |
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112,164 |
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210,924 |
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227,193 |
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Oil production (Mbbls) |
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5 |
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13 |
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16 |
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23 |
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Total production (MMcfe) |
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113,102 |
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112,238 |
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211,021 |
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227,329 |
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Natural gas sales |
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$ |
287,745 |
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$ |
339,225 |
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$ |
706,020 |
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$ |
751,511 |
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Natural gas hedging settlements (1) |
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43,333 |
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4,286 |
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(37,055 |
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(3,673 |
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Total natural gas including hedging |
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331,078 |
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343,511 |
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668,965 |
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747,838 |
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Oil sales |
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476 |
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741 |
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1,234 |
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1,443 |
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Total natural gas and oil sales including hedging |
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$ |
331,554 |
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$ |
344,252 |
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$ |
670,199 |
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$ |
749,281 |
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Average natural gas price (per Mcf) |
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$ |
2.54 |
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$ |
3.02 |
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$ |
3.35 |
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$ |
3.31 |
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Average natural gas price including hedging (per Mcf) |
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$ |
2.93 |
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$ |
3.06 |
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$ |
3.17 |
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$ |
3.29 |
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Average oil price (per barrel) |
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$ |
95.20 |
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$ |
57.00 |
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$ |
77.13 |
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$ |
62.74 |
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Average price (per Mcfe) |
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$ |
2.55 |
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$ |
3.03 |
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$ |
3.35 |
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$ |
3.31 |
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Average price including hedging (per Mcfe) |
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$ |
2.93 |
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$ |
3.07 |
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$ |
3.18 |
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$ |
3.30 |
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Production and ad valorem taxes |
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$ |
7,196 |
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$ |
10,555 |
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$ |
17,621 |
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$ |
21,734 |
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Gathering and transportation |
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43,331 |
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|
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41,759 |
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|
|
85,135 |
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|
|
84,376 |
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Lease operating |
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28,150 |
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|
|
31,109 |
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|
|
56,431 |
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|
|
66,109 |
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Cash general and administrative (2) |
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8,792 |
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|
|
6,771 |
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|
|
19,570 |
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|
|
13,411 |
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Total production costs |
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$ |
87,469 |
|
|
$ |
90,194 |
|
|
$ |
178,757 |
|
|
$ |
185,630 |
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|
|
|
|
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|
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Production and ad valorem taxes (per Mcfe) |
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$ |
0.06 |
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|
$ |
0.09 |
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|
$ |
0.09 |
|
|
$ |
0.10 |
|
Gathering and transportation (per Mcfe) |
|
|
0.38 |
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|
|
0.37 |
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|
|
0.40 |
|
|
|
0.37 |
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Lease operating (per Mcfe) |
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0.25 |
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|
|
0.28 |
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|
|
0.27 |
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|
0.29 |
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Cash general and administrative (per Mcfe) |
|
|
0.08 |
|
|
|
0.06 |
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|
|
0.09 |
|
|
|
0.06 |
|
Total production costs (per Mcfe) |
|
$ |
0.77 |
|
|
$ |
0.80 |
|
|
$ |
0.85 |
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|
$ |
0.82 |
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Unhedged operating margin |
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70 |
% |
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|
73 |
% |
|
|
75 |
% |
|
|
75 |
% |
Hedged operating margin |
|
|
74 |
% |
|
|
74 |
% |
|
|
73 |
% |
|
|
75 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Gas services revenue |
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$ |
63,481 |
|
|
$ |
130,296 |
|
|
$ |
229,982 |
|
|
$ |
230,162 |
|
Gas services expenses |
|
|
63,014 |
|
|
|
126,714 |
|
|
|
225,870 |
|
|
|
243,483 |
|
Gas services margin |
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$ |
467 |
|
|
$ |
3,582 |
|
|
$ |
4,112 |
|
|
$ |
(13,321 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Natural Gas and Oil Capital Expenditures: |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Unproved property acquisitions |
|
$ |
20,409 |
|
|
$ |
9,932 |
|
|
$ |
39,449 |
|
|
$ |
19,616 |
|
Total natural gas and oil properties acquisitions |
|
$ |
20,409 |
|
|
$ |
9,932 |
|
|
$ |
39,449 |
|
|
$ |
19,616 |
|
Exploration and Development: |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Development leasehold |
|
$ |
4,006 |
|
|
$ |
5,295 |
|
|
$ |
7,374 |
|
|
$ |
8,851 |
|
Exploratory drilling and completion |
|
|
174,359 |
|
|
|
130,997 |
|
|
|
349,134 |
|
|
|
231,104 |
|
Development drilling and completion |
|
|
199,356 |
|
|
|
123,991 |
|
|
|
357,915 |
|
|
|
269,569 |
|
Other development costs |
|
|
12,707 |
|
|
|
7,919 |
|
|
|
19,277 |
|
|
|
8,434 |
|
Total exploration and development capital expenditures |
|
$ |
390,428 |
|
|
$ |
268,202 |
|
|
$ |
733,700 |
|
|
$ |
517,958 |
|
COMSTOCK RESOURCES, INC.
NON-GAAP FINANCIAL MEASURES
(In thousands, except per share amounts)
|
|
Three Months Ended |
|
|
Six Months Ended |
|
||||||||||
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
||||
ADJUSTED NET INCOME AVAILABLE TO THE COMPANY: |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Net income available to the Company |
|
$ |
8,766 |
|
|
$ |
124,842 |
|
|
$ |
116,216 |
|
|
$ |
3,564 |
|
Unrealized (gain) loss from derivative financial instruments |
|
|
(1,032 |
) |
|
|
(231,561 |
) |
|
|
(83,816 |
) |
|
|
90,819 |
|
Exploration expense |
|
|
4,427 |
|
|
|
— |
|
|
|
13,770 |
|
|
|
2,150 |
|
Gain on sale of assets |
|
|
(1,580 |
) |
|
|
— |
|
|
|
(3,400 |
) |
|
|
— |
|
Adjustment to income taxes |
|
|
(2,330 |
) |
|
|
140,873 |
|
|
|
4,919 |
|
|
|
(14,419 |
) |
Adjusted net income available to the Company(1) |
|
$ |
8,251 |
|
|
$ |
34,154 |
|
|
$ |
47,689 |
|
|
$ |
82,114 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Adjusted net income available to the Company per share(2) |
|
$ |
0.03 |
|
|
$ |
0.12 |
|
|
$ |
0.16 |
|
|
$ |
0.28 |
|
Diluted shares outstanding |
|
|
291,612 |
|
|
|
294,247 |
|
|
|
291,465 |
|
|
|
294,026 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
ADJUSTED EBITDAX: |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Net income |
|
$ |
15,000 |
|
|
$ |
130,728 |
|
|
$ |
127,499 |
|
|
$ |
15,335 |
|
Interest expense |
|
|
55,042 |
|
|
|
55,178 |
|
|
|
108,103 |
|
|
|
110,015 |
|
Income taxes |
|
|
(2,837 |
) |
|
|
141,487 |
|
|
|
9,153 |
|
|
|
(1,789 |
) |
Depreciation, depletion, and amortization |
|
|
167,432 |
|
|
|
158,379 |
|
|
|
308,964 |
|
|
|
326,270 |
|
Exploration |
|
|
4,427 |
|
|
|
— |
|
|
|
13,770 |
|
|
|
2,150 |
|
Unrealized (gain) loss from derivative financial instruments |
|
|
(1,032 |
) |
|
|
(231,561 |
) |
|
|
(83,816 |
) |
|
|
90,819 |
|
Stock-based compensation |
|
|
8,359 |
|
|
|
5,529 |
|
|
|
15,803 |
|
|
|
9,971 |
|
Gain on sale of assets |
|
|
(1,580 |
) |
|
|
— |
|
|
|
(3,400 |
) |
|
|
— |
|
Total Adjusted EBITDAX (3) |
|
$ |
244,811 |
|
|
$ |
259,740 |
|
|
$ |
496,076 |
|
|
$ |
552,771 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
OPERATING CASH FLOW BEFORE CHANGES IN WORKING CAPITAL(4): |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Cash flows from operating activities |
|
$ |
170,205 |
|
|
$ |
347,564 |
|
|
$ |
442,170 |
|
|
$ |
522,310 |
|
Increase (decrease) in accounts receivable |
|
|
11,542 |
|
|
|
(34,978 |
) |
|
|
(61,952 |
) |
|
|
(1,318 |
) |
Increase (decrease) in other current assets |
|
|
12,148 |
|
|
|
(25,322 |
) |
|
|
2,949 |
|
|
|
(25,881 |
) |
Increase in accounts payable and accrued expenses |
|
|
(5,390 |
) |
|
|
(77,628 |
) |
|
|
(2,764 |
) |
|
|
(46,487 |
) |
Operating cash flow before changes in working capital |
|
$ |
188,505 |
|
|
$ |
209,636 |
|
|
$ |
380,403 |
|
|
$ |
448,624 |
|
COMSTOCK RESOURCES, INC.
CONSOLIDATED BALANCE SHEETS
(In thousands)
|
|
June 30, |
|
|
December 31, |
|
||
ASSETS |
|
|
|
|
|
|
||
Cash and cash equivalents |
|
$ |
45,008 |
|
|
$ |
23,930 |
|
Accounts receivable |
|
|
180,593 |
|
|
|
242,545 |
|
Derivative financial instruments |
|
|
53,156 |
|
|
|
19,206 |
|
Other current assets |
|
|
59,804 |
|
|
|
75,257 |
|
Total current assets |
|
|
338,561 |
|
|
|
360,938 |
|
Property and equipment, net |
|
|
6,756,314 |
|
|
|
6,215,494 |
|
Goodwill |
|
|
335,897 |
|
|
|
335,897 |
|
Operating lease right-of-use assets |
|
|
71,684 |
|
|
|
94,733 |
|
Derivative financial instruments |
|
|
22,230 |
|
|
|
— |
|
|
|
$ |
7,524,686 |
|
|
$ |
7,007,062 |
|
|
|
|
|
|
|
|
||
LIABILITIES AND STOCKHOLDERS' EQUITY |
|
|
|
|
|
|
||
Accounts payable |
|
$ |
503,111 |
|
|
$ |
501,695 |
|
Accrued costs |
|
|
171,187 |
|
|
|
153,248 |
|
Operating leases |
|
|
37,598 |
|
|
|
46,937 |
|
Derivative financial instruments |
|
|
— |
|
|
|
27,636 |
|
Total current liabilities |
|
|
711,896 |
|
|
|
729,516 |
|
Long-term debt |
|
|
3,098,770 |
|
|
|
2,809,066 |
|
Deferred income taxes |
|
|
495,428 |
|
|
|
437,098 |
|
Long-term operating leases |
|
|
33,570 |
|
|
|
47,692 |
|
Asset retirement obligation |
|
|
21,444 |
|
|
|
20,787 |
|
Total liabilities |
|
|
4,361,108 |
|
|
|
4,044,159 |
|
Stockholders' Equity: |
|
|
|
|
|
|
||
Common stock |
|
|
146,810 |
|
|
|
146,527 |
|
Additional paid-in capital |
|
|
1,191,881 |
|
|
|
1,376,053 |
|
Accumulated earnings |
|
|
1,240,446 |
|
|
|
1,124,230 |
|
Total stockholders' equity attributable to Comstock |
|
|
2,579,137 |
|
|
|
2,646,810 |
|
Noncontrolling interest |
|
|
584,441 |
|
|
|
316,093 |
|
Total stockholders' equity |
|
|
3,163,578 |
|
|
|
2,962,903 |
|
|
|
$ |
7,524,686 |
|
|
$ |
7,007,062 |
|