Comstock Resources (CRK) Misses Profit Expectations in Q1 Report

Comstock Resources, Inc. (NYSE:CRK) is included among the 10 Best Energy Stocks to Buy Under $20 According to Billionaires.

Comstock Resources (CRK) Misses Profit Expectations in Q1 Report

Comstock Resources, Inc. (NYSE:CRK) is a leading independent natural gas producer with operations focused on the development of the Haynesville shale in North Louisiana and East Texas.

Comstock Resources, Inc. (NYSE:CRK) fell after reporting mixed results for its Q1 2026 on May 5. The company’s adjusted EPS of $0.15 missed expectations by $0.08, but its revenue of $587.3 million was up 14.5% YoY and comfortably topped estimates by $101 million.

Comstock Resources, Inc. (NYSE:CRK)’s natural gas and oil sales, including unrealized hedging losses, were $338.6 million in the first quarter. The company reported an adjusted EBITDAX of $251 million, while its adjusted net income for the quarter came in at $44 million or $0.15 per share. Meanwhile, it generated an operating cash flow of $192 million, or $0.66 per share.

Comstock Resources, Inc. (NYSE:CRK) was also recently included in our list of the 10 Stocks to Buy on a Pullback.

READ NEXT: 10 Best Electrical Infrastructure Stocks to Buy According to Hedge Funds and 10 Best Fortune 500 Stocks to Buy According to Analysts

Disclosure: None. Follow Insider Monkey on Google News.