Filing Flows › Comstock Resources (CRK) › Q3 2026
Comstock Resources (CRK) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Comstock Resources (CRK) reported revenue of $384M for the third quarter 2026 (Q3 2026), -14% from a year earlier and +9% from the quarter before. Operating margin was 6.0%, net earnings $22.3M (5.8% of revenue).
Comstock Resources, Q3 2026: revenue $384M (-14% year over year), operating margin 6.0%, net earnings $22.3M, operating cash flow $180M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $384M | +9% | -14% |
| Operating profit | $22.9M | +2% | -54% |
| Net earnings | $22.3M | +154% | -80% |
| Operating cash flow | $180M | +6% | +18% |
What changed
Revenue was $384.4M in Q3 2026, down 14% year over year and up 9% from the previous quarter. Natural Gas and Oil Sales was the largest line at 83% of revenue. Gas Services lost $76.8M year over year (down 54%), 122% of the total change.
Operating profit was $22.9M, a 6.0% margin (down 5.3 points year over year). Total costs fell 9% while revenue fell 14%. The fastest-growing cost line was General & admin (+40%). Net earnings were $22.3M, down 80% year over year. The effective tax rate was 35.5%. Non-operating items added $16.4M, 42% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $180.2M (up 18% year over year), 710% of net income including minority interests. Non-cash charges added back $185.7M of depreciation and amortization and $7.5M of share-based compensation. Working capital and other items used $38.3M. Capital expenditures of $452.2M exceeded it, leaving free cash flow of −$272.0M.
Questions
What was Comstock Resources' revenue in the third quarter 2026?
Comstock Resources (CRK) reported revenue of $384M for the third quarter 2026 (Q3 2026), -14% from a year earlier and +9% from the quarter before.
Was Comstock Resources profitable in the third quarter 2026?
Operating profit was $22.9M (6.0% of revenue) and net earnings $22.3M.
Source: Comstock Resources 10-Q on SEC EDGAR.