Filing Flows › Comstock Resources (CRK) › Q2 2026 › vs Q1 2026
Comstock Resources (CRK) Q2 2026 vs Q1 2026 (quarter over quarter)
Comstock Resources's revenue fell $234M (-40%) from $587M in Q1 2026 to $353M in Q2 2026. The biggest changes: Natural Gas Production −$131M (-31%); Gas Services −$103M (-62%); Gain on Sale of Assets −$240K (-13%). Operating margin 6.4% against 29.8% (-23.4 pts).
Comstock Resources, Q2 2026: revenue $353M (-25% year over year), operating margin 6.4%, net earnings $8.8M, operating cash flow $170M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 6.4% | 29.8% | -23.4 pts |
| Net margin | 2.5% | 18.3% | -15.8 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Natural Gas and Oil Sales | $288M | $419M | −$131M | -31% |
| Oil and Condensate | $476K | $758K | −$282K | -37% |
| Natural Gas Production | $289M | $420M | −$131M | -31% |
| Gas Services | $63.5M | $167M | −$103M | -62% |
| Gain on Sale of Assets | $1.6M | $1.8M | −$240K | -13% |
| Revenue | $353M | $587M | −$234M | -40% |
| Operating profit | $22.6M | $175M | −$152M | -87% |
| Costs & expenses | $331M | $412M | −$81.8M | -20% |
| Pre-tax earnings | $12.2M | $124M | −$112M | -90% |
| Other expense, net | $10.4M | $50.4M | −$40.0M | -79% |
| General & admin | $17.2M | $18.2M | −$1.1M | -6% |
| Other operating costs | $314M | $394M | −$80.7M | -20% |
| Income tax benefit | $2.8M | −$12.0M | $14.8M | — |
| Net earnings | $8.8M | $107M | −$98.7M | -92% |
| Minority interests | $6.2M | $5.0M | $1.2M | +23% |
| Operating cash sources | $185M | $256M | −$71.9M | -28% |
| Depreciation & amortization | $167M | $142M | $25.9M | +18% |
| Share-based compensation | $8.4M | $7.4M | $915K | +12% |
| Working capital & other | $14.4M | −$15.5M | $29.9M | — |
| Operating cash flow | $170M | $272M | −$102M | -37% |
| Capital expenditures | $432M | $416M | $16.1M | +4% |
| Negative free cash flow (OCF − capex) | $262M | $144M | $118M | +82% |
Questions
How much did Comstock Resources's revenue grow quarter over quarter in Q2 2026?
Comstock Resources's revenue fell $234M (-40%) from $587M in Q1 2026 to $353M in Q2 2026.
What drove Comstock Resources's revenue change in Q2 2026?
Natural Gas Production −$131M (-31%); Gas Services −$103M (-62%); Gain on Sale of Assets −$240K (-13%).