CRK at a glance
COMSTOCK RESOURCES INC (CRK, SEC CIK 23194) filed its latest 10-K annual report on February 19, 2026, a 10-Q quarterly report on July 30, 2026, an 8-K current report on September 1, 2026 and Form 4 insider filings as recently as June 8, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), COMSTOCK RESOURCES INC (CRK) reported revenue of $2.2 billion (up 77.0% from FY2024) and net income of $395.6 million. Diluted EPS was $1.43.
- As of June 30, 2026, 31 institutional investment managers tracked by SignalX reported holding COMSTOCK RESOURCES INC (CRK) shares worth $687.9 million in 13F-HR filings.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $2.2B
- +77.0% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 31 funds
- $687.9M · −1 vs prior quarter
- Latest 8-K
- Sep 1, 2026
- Item 7.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business: Independent natural gas producer focused on Haynesville and Bossier shale plays in North Louisiana and East Texas
- New midstream segment: Formation of Pinnacle Gas Services LLC in 2023 with $440M Quantum Capital redemption planned in 1H 2026
- Strategic shift: Emphasis on growing organic drilling inventory and expanded development in Western Haynesville with 30 wells sales by end 2025
- Notable metric: Proved reserves increased to 7.0 Tcfe with PV 10 value of $4.5B (SEC prices), undeveloped reserves up to 4.2 Tcf vs 1.0 Tcf prior year
- Unusual fact: 2025 drilling replaced 830% of production under SEC prices and 229% under alternative price case, highlighting high reserve additions
Risk Factors
- Compliance cost and operational risk from evolving environmental laws and potential carbon pricing programs impacting capital expenditures and competitiveness
- Exposure to geopolitical risks including ongoing Russia-Ukraine conflict potentially disrupting natural gas supply and pricing
- Dependence on third-party pipelines and gathering systems creates risk of production delays or shut-ins due to capacity constraints
- Competition for acreage and acquisitions against other companies could reduce growth opportunities and increase acquisition costs
- High leverage with $2.8 billion debt as of Dec 31, 2025, limiting financial flexibility and increasing risk of covenant default
Management Discussion & Analysis
- Revenue $1.43B in 2025, up 36% YoY from $1.05B in 2024, driven by higher natural gas prices despite 15% production decline
- Operating income $645.9M in 2025 vs loss of $168.6M in 2024; net income $420.2M ($1.43/share) vs net loss $218.8M ($0.76/share)
- Best segment: Gas services revenue $500.2M up 143%; worst operating cost: Gas services expense $516.2M up 151% due to higher gas purchase prices
- Operating cash flow $899.6M up 45%; capital expenditures $1.34B up 24% mainly for drilling; asset sales proceeds $428.9M; noncontrolling interest contribution $215.5M; distributions $16.5M
- 2026 capital plan $1.4B-$1.5B focused on Haynesville/Bossier; risks include natural gas price volatility and potential impairments; plans 66 wells drilled, 72 turned to sales
AI summary of the CRK 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Q2 revenue $288.2M, down 15% YoY from $340.0M; natural-gas sales drove decline
- Q2 net income $8.8M vs $124.8M; operating income $22.6M vs $89.4M
- Natural-gas production strongest line at 113.1 Bcf, up 1%; gas-services revenue weakest, down 51% to $63.5M
- Six-month operating cash flow $442.2M, down 15%; capital expenditures $829.5M vs $639.3M
- Remaining-2026 spending expected at $720M–$820M; liquidity $1.2B amid lower gas prices and production headwinds
Risk Factors
- No risk-factors section provided in submitted text
- Fourth Amendment to credit agreement dated June 15, 2026, indicating changed debt-financing arrangements
- No disclosed regulatory, legal, operational, competitive, market, liquidity, currency, or concentration risks
AI summary of the CRK 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 7.01: Regulation FD Disclosure
- SOCAR LOI values non-operated Haynesville interests and 15% of Pinnacle Gas Services at $1.65B cash, subject to adjustments
- Western Haynesville interest reduces from 15% to 7.5% after five years and a 15% investor return
Item EX-99.1: Item EX-99.1
- $1.65B SOCAR partnership for interests in Legacy and Western Haynesville assets plus 15% of Pinnacle Gas Services
- Pro forma net debt reduction from $3.1B to $1.5B, materially improving leverage and liquidity if transaction closes
Item 2.02: Results of Operations and Financial Condition
- Comstock announced earnings for quarter ended June 30, 2026
- Operating and financial details contained in Exhibit 99.1 earnings release
Item EX-99.1: Item EX-99.1
- Q2 2026 production rose 16% sequentially to 113.1 Bcfe, signaling recovery from earlier production declines
- Revenue $331.6M including $43.3M hedging gains, while realized price increased to $2.93/Mcfe from $2.55 unhedged
Item 8.01: Other Events
- Sixth Street invested $600 million for a 27% non-controlling stake in Pinnacle Gas Services
- Comstock retains 73% control and continues managing Pinnacle under a services agreement
Item EX-99.1: Item EX-99.1
- Sixth Street invested $600 million for a 27% non-controlling stake, valuing Pinnacle at $2.2 billion enterprise value
- Comstock retains operational control and a 73% controlling interest valued at approximately $1.6 billion
AI summaries of CRK 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for CRK
Don't miss the next CRK filing
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- Fund moves. Which tracked funds opened, added or cut CRK, by share count.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| PRESLEY DANIEL K | F | Jun 6, 2026 | 1,092 | $13.00 |
| BURNS ROLAND O | F | Jun 6, 2026 | 24,405 | $13.00 |
| Sanders LaRae Lynn | F | Jun 6, 2026 | 1,054 | $13.00 |
| Harrison Daniel S | F | Jun 6, 2026 | 6,693 | $13.00 |
| Mills Ronald Eugene | F | Jun 6, 2026 | 1,189 | $13.00 |
| ALLISON M JAY | F | Jun 6, 2026 | 35,879 | $13.00 |
| McGough Patrick | F | Jun 6, 2026 | 1,127 | $13.00 |
| Newell Clifford Doyle III | F | Jun 6, 2026 | 2,651 | $13.00 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $1.3B | $2.2B |
| Operating Income | - | -$168.6M | $645.9M |
| Net Income | $211.1M | -$229.7M | $395.6M |
| Op. Margin | - | -13.4% | 29.1% |
| Net Margin | - | -18.3% | 17.8% |
| Balance Sheet | |||
| Total Assets | $6.3B | $6.4B | $7.0B |
| Equity | - | $2.2B | $2.6B |
| ROE | - | -10.2% | 14.9% |
| Per Share | |||
| EPS | $0.76 | $-0.76 | $1.43 |
| Cash Flow | |||
| Operating CF | - | $620.3M | $899.6M |
| CapEx | $1.4B | $1.1B | $1.3B |
Source: XBRL data in COMSTOCK RESOURCES INC (CRK)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate CRK share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 31 | $687.9M |
| Q1 2026 | 32 | $937.4M |
| Q4 2025 | 29 | $1.05B |
| Q3 2025 | 30 | $927.3M |
| Q2 2025 | 29 | $1.35B |
| Q1 2025 | 22 | $749.1M |
| Q4 2024 | 19 | $598.4M |
| Q3 2024 | 16 | $263.9M |
- Morgan Stanley+1.07M (+68%)
- Dimensional Fund Advisors+415.4K (+4%)
- Goldman Sachs Group+324.6K (+27%)
- BlackRock+168.5K (+1%)
- State Street Corp+141.3K (+3%)
- Citadel Advisors LLC−255.0K (-47%)
- Bank of America Corp−224.3K (-31%)
- Millennium Management−199.0K (-83%)
- Raymond James Financial−124.5K (-25%)
- D.E. Shaw & Co−107.2K (-81%)
- Blackstone Group−43.4K
Source: 13F-HR filings on SEC EDGAR (aggregated from 208 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
CRK filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 8-K | Sep 1, 2026 | - | Analysis | - |
| 10-Q | Jul 30, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Jul 29, 2026 | - | Analysis | - |
| 8-K | Jun 16, 2026 | - | Analysis | - |
| 4 | Jun 8, 2026 | - | - | |
| 4 | Jun 8, 2026 | - | - | |
| 4 | Jun 8, 2026 | - | - | |
| 4 | Jun 8, 2026 | - | - | |
| 4 | Jun 8, 2026 | - | - | |
| 4 | Jun 8, 2026 | - | - | |
| 4 | Jun 8, 2026 | - | - | |
| 4 | Jun 8, 2026 | - | - | |
| 4 | Jun 8, 2026 | - | - | |
| 4 | Jun 3, 2026 | - | - | |
| 8-K | Jun 3, 2026 | - | Analysis | |
| 10-Q | May 6, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | May 5, 2026 | - | Analysis | - |
| 4 | Mar 6, 2026 | - | - | - |
| 4 | Feb 20, 2026 | - | - | |
| 4 | Feb 20, 2026 | - | - | |
| 4 | Feb 20, 2026 | - | - | |
| 4 | Feb 20, 2026 | - | - | |
| 4 | Feb 20, 2026 | - | - | |
| 4 | Feb 20, 2026 | - | - | |
| 4 | Feb 20, 2026 | - | - |
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CRK SEC filings: frequently asked questions
Which institutions hold CRK stock?
As of June 30, 2026, the largest COMSTOCK RESOURCES INC (CRK) holders among the 13F filers tracked by SignalX were BlackRock ($176.6 million), Dimensional Fund Advisors ($174.2 million), State Street Corp ($79.6 million), Vanguard Portfolio Management LLC ($71.3 million), Vanguard Capital Management LLC ($50.2 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was CRK's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), COMSTOCK RESOURCES INC (CRK) reported revenue of $2.2 billion (up 77.0% from FY2024) and net income of $395.6 million. Diluted EPS was $1.43. The figures come from the XBRL data in the 10-K.
What are the main risks in CRK's latest 10-K?
In the 10-K filed February 19, 2026, COMSTOCK RESOURCES INC (CRK) flagged: Compliance cost and operational risk from evolving environmental laws and potential carbon pricing programs impacting capital expenditures and competitiveness. Exposure to geopolitical risks including ongoing Russia-Ukraine conflict potentially disrupting natural gas supply and pricing. (AI summary of the Risk Factors section.)
What did CRK report in its latest 8-K?
COMSTOCK RESOURCES INC (CRK) filed an 8-K on September 1, 2026 reporting Item 7.01 (Regulation FD Disclosure). SOCAR LOI values non-operated Haynesville interests and 15% of Pinnacle Gas Services at $1.65B cash, subject to adjustments.
What are the latest CRK SEC filings?
COMSTOCK RESOURCES INC (CRK) filed its latest 10-K annual report on February 19, 2026, a 10-Q quarterly report on July 30, 2026, an 8-K current report on September 1, 2026 and a Form 4 insider filing on June 8, 2026.
What is CRK's SEC CIK number?
COMSTOCK RESOURCES INC (CRK)'s SEC Central Index Key (CIK) is 23194. EDGAR lists every CRK filing under that number.
Ask anything about CRK
The research agent reads CRK's filings, financials, insider trades and 13F holders, then answers with sources.