EX-99.1 2 crk-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 5300 Town and Country Blvd., Suite 500 Frisco, Texas 75034 Telephone: (972) 668-8834 Contact: Ron Mills VP of Finance and Investor Relations Web Site: www.comstockresources.com NEWS RELEASE For Immediate Release COMSTOCK RESOURCES, INC. REPORTS FIRST QUARTER 2026 FINANCIAL AND OPERATING RESULTS FRISCO, TEXAS, May 5, 2026 - Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE; NYSE Texas: CRK) today reported financial and operating results for the quarter ended March 31, 2026. Highlights of 2026's First Quarter • First quarter 2026 financial results: • Natural gas and oil sales, including realized hedging losses, were $339 million for the quarter. • Operating cash flow was $192 million or $0.66 per share. • Adjusted EBITDAX for the quarter was $251 million. • Adjusted net income was $44 million or $0.15 per share for the quarter. • Turned six Western Haynesville wells to sales in the first quarter with an average lateral length of 10,874 feet and an average per well initial production …
Open exhibit ↗Current Report · Items 2.02, 9.01 · 8-K
Comstock Resources, Inc.
CRKNYSEEQUITYCurrent
Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On May 5, 2026, Comstock Resources, Inc. ("Comstock" or the "Company") announced financial results for the quarter ended March 31, 2026. A copy of the press release announcing Comstock's earnings and operating results for this period and other matters is attached hereto as Exhibit 99.1.…
Company context
Comstock Resources, Inc. is a leading independent natural gas producer with operations focused on the development of the Haynesville shale in North Louisiana and East Texas. The Company's stock is traded on the NYSE and the NYSE Texas under the symbol CRK.
Current securities
Disclosure sections
Item 2.02Item 2.02 - Results of Operations
Item 2.02 Results of Operations and Financial Condition.
On May 5, 2026, Comstock Resources, Inc. ("Comstock" or the "Company") announced financial results for the quarter ended March 31, 2026. A copy of the press release announcing Comstock's earnings and operating results for this period and other matters is attached hereto as Exhibit 99.1.
The earnings press release contains financial measures that are not in accordance with generally accepted accounting principles in the United States ("GAAP"). Comstock has provided reconciliations within the earnings release of the non-GAAP financial measures to the most directly comparable GAAP financial measures. The non-GAAP financial measures should be considered in addition to, but not as a substitute for, measures of financial performance prepared in accordance with GAAP that are presented in the earnings release.
The information in this Form 8-K and the Exhibit attached hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise subject to the liability of that section, and shall not be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.