Filing Flows › Comstock Resources (CRK) › Q2 2026
Comstock Resources (CRK) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 30, 2026
Comstock Resources (CRK) reported revenue of $353M for the second quarter 2026 (Q2 2026), -25% from a year earlier and -40% from the quarter before. Operating margin was 6.4%, net earnings $8.8M (2.5% of revenue).
Comstock Resources, Q2 2026: revenue $353M (-25% year over year), operating margin 6.4%, net earnings $8.8M, operating cash flow $170M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $353M | -40% | -25% |
| Operating profit | $22.6M | -87% | -75% |
| Net earnings | $8.8M | -92% | -93% |
| Operating cash flow | $170M | -37% | -51% |
What changed
Revenue was $353.3M in Q2 2026, down 25% year over year and down 40% from the previous quarter. Natural Gas and Oil Sales was the largest line at 82% of revenue. Gas Services lost $66.8M year over year (down 51%), 57% of the total change.
Operating profit was $22.6M, a 6.4% margin (down 12.6 points year over year). Total costs fell 13% while revenue fell 25%. The fastest-growing cost line was General & admin (+39%). Net earnings were $8.8M, down 93% year over year. The effective tax rate was -23.3%.
Operating cash flow was $170.2M (down 51% year over year), 1135% of net income including minority interests. Non-cash charges added back $167.4M of depreciation and amortization and $8.4M of share-based compensation. Working capital and other items used $20.6M. Capital expenditures of $431.9M exceeded it, leaving free cash flow of −$261.7M.
Questions
What was Comstock Resources' revenue in the second quarter 2026?
Comstock Resources (CRK) reported revenue of $353M for the second quarter 2026 (Q2 2026), -25% from a year earlier and -40% from the quarter before.
Was Comstock Resources profitable in the second quarter 2026?
Operating profit was $22.6M (6.4% of revenue) and net earnings $8.8M.
Source: Comstock Resources 10-Q on SEC EDGAR.