Comstock Resources reported Q1 2026 adjusted EPS of $0.15, missing estimates by $0.08, while revenue rose 14.5% YoY to $587.3 million.
Comstock Resources (NYSE:CRK) posted first-quarter results that fell short of profit expectations despite stronger-than-expected revenue. The company’s adjusted earnings per share came in at $0.15, $0.08 below consensus, while revenue reached $587.3 million, up 14.5% year-over-year and $101 million above estimates.
Natural gas and oil sales, including unrealized hedging losses, totaled $338.6 million for the quarter. Adjusted EBITDAX was $251 million, with adjusted net income of $44 million, or $0.15 per share. Operating cash flow stood at $192 million, or $0.66 per share.
Shares of CRK declined following the report, reflecting investor disappointment over the earnings miss despite the revenue beat.