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Comstock Resources (CRK) guidance and outlook

Comstock Resources' 10-Q filed Nov 5, 2026 makes 9 forward-looking statements.

Guidance and outlook

Forward-looking statements, 10-Q filed Nov 5, 2026

• We currently expect to spend an additional $135 million to $155 million in the remaining three months of 2026 on drilling, completion, infrastructure and other activity.
• We expect to fund our future development and exploration activities with future operating cash flow and borrowings under our bank credit facilities.
• We cannot provide any assurance that we will be able to obtain such capital, or if such capital is available, that we will be able to obtain it on acceptable terms.
• We intend to use our cash flows from operations, borrowings under our bank credit facilities, or other debt or equity financing to the extent available, to finance such acquisitions.
• The availability and attractiveness of these sources of financing will depend upon a number of factors, some of which will relate to our financial condition and performance and some of which will be beyond our control, such as prevailing interest rates, natural gas and oil prices and other market conditions.
• We plan to utilize the proceeds from this divestiture to pay off the balance on our bank credit facility and retire a portion of our 6.75% Senior Notes due in 2029.
• If we do not generate a sufficient level of taxable income prior to the expiration of the pre-2018 NOL carryforward periods, then we will lose the ability to apply those NOLs as offsets to future taxable income.
• We estimate that $740.6 million of the U.S. federal NOL carryforwards and $1.2 billion of the estimated state NOL carryforwards will expire unused.
• Currently, we are under examination with the United States Internal Revenue Service and believe that our significant filing positions and deductions will be sustained under audit or the final resolution will not have a material effect on the consolidated financial statements.

Comstock Resources' latest quarter

Questions

What does Comstock Resources expect?

We currently expect to spend an additional $135 million to $155 million in the remaining three months of 2026 on drilling, completion, infrastructure and other activity. We expect to fund our future development and exploration activities with future operating cash flow and borrowings under our bank credit facilities. We cannot provide any assurance that we will be able to obtain such capital, or if such capital is available, that we will be able to obtain it on acceptable terms.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.