Filing Flows › Comstock Resources (CRK) › Q2 2026 › vs Q2 2025
Comstock Resources (CRK) Q2 2026 vs Q2 2025 (year over year)
Comstock Resources's revenue fell $117M (-25%) from $470M in Q2 2025 to $353M in Q2 2026. The biggest changes: Gas Services −$66.8M (-51%); Natural Gas Production −$52.0M (-15%); Gain on Sale of Assets +$1.6M (—). Operating margin 6.4% against 19.0% (-12.6 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 6.4% | 19.0% | -12.6 pts |
| Net margin | 2.5% | 26.5% | -24.1 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Natural Gas and Oil Sales | $288M | $340M | −$51.7M | -15% |
| Oil and Condensate | $476K | $741K | −$265K | -36% |
| Natural Gas Production | $289M | $341M | −$52.0M | -15% |
| Gas Services | $63.5M | $130M | −$66.8M | -51% |
| Gain on Sale of Assets | $1.6M | $0 | $1.6M | — |
| Revenue | $353M | $470M | −$117M | -25% |
| Operating profit | $22.6M | $89.4M | −$66.9M | -75% |
| Costs & expenses | $331M | $381M | −$50.1M | -13% |
| Pre-tax earnings | $12.2M | $272M | −$260M | -96% |
| Other expense, net | $10.4M | −$183M | $193M | — |
| General & admin | $17.2M | $12.3M | $4.9M | +39% |
| Other operating costs | $314M | $369M | −$55.0M | -15% |
| Income tax benefit | $2.8M | −$141M | $144M | — |
| Net earnings | $8.8M | $125M | −$116M | -93% |
| Minority interests | $6.2M | $5.9M | $348K | +6% |
| Operating cash sources | $185M | $289M | −$104M | -36% |
| Depreciation & amortization | $167M | $158M | $9.1M | +6% |
| Share-based compensation | $8.4M | $5.5M | $2.8M | +51% |
| Working capital & other | $14.4M | −$58.8M | $73.2M | — |
| Operating cash flow | $170M | $348M | −$177M | -51% |
| Capital expenditures | $432M | $344M | $87.6M | +25% |
| Negative free cash flow (OCF − capex) | $262M | −$3.2M | $265M | — |
Questions
How much did Comstock Resources's revenue grow year over year in Q2 2026?
Comstock Resources's revenue fell $117M (-25%) from $470M in Q2 2025 to $353M in Q2 2026.
What drove Comstock Resources's revenue change in Q2 2026?
Gas Services −$66.8M (-51%); Natural Gas Production −$52.0M (-15%); Gain on Sale of Assets +$1.6M (—).