Filing Flows › Comstock Resources (CRK) › Q1 2026
Comstock Resources (CRK) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Comstock Resources (CRK) reported revenue of $587M for the first quarter 2026 (Q1 2026), +15% from a year earlier and -25% from the quarter before. Operating margin was 29.8%, net earnings $107M (18.3% of revenue).
Comstock Resources, Q1 2026: revenue $587M (+14% year over year), operating margin 29.8%, net earnings $107M, operating cash flow $272M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $587M | -25% | +15% |
| Operating profit | $175M | -54% | +39% |
| Net earnings | $107M | -62% | — |
| Operating cash flow | $272M | +21% | +56% |
What changed
Revenue was $587.4M in Q1 2026, up 15% year over year and down 25% from the previous quarter. Natural Gas and Oil Sales was the largest line at 71% of revenue. Gas Services added $66.6M year over year (up 67%), 89% of the total change.
Operating profit was $174.9M, a 29.8% margin (up 5.2 points year over year). Of the extra revenue versus Q1 2025, 65% reached operating profit, above the 25% margin then. Total costs grew 7% against revenue growth of 15%. The fastest-growing cost line was General & admin (+64%). Net earnings were $107.5M. The effective tax rate was 9.6%.
Operating cash flow was $272.0M (up 56% year over year), 242% of net income including minority interests. Non-cash charges added back $141.5M of depreciation and amortization and $7.4M of share-based compensation. Capital expenditures of $415.8M exceeded it, leaving free cash flow of −$143.8M.
Questions
What was Comstock Resources' revenue in the first quarter 2026?
Comstock Resources (CRK) reported revenue of $587M for the first quarter 2026 (Q1 2026), +15% from a year earlier and -25% from the quarter before.
Was Comstock Resources profitable in the first quarter 2026?
Operating profit was $175M (29.8% of revenue) and net earnings $107M.
Source: Comstock Resources 10-Q on SEC EDGAR.